PUBLISHER: Allied Market Research | PRODUCT CODE: 1239515
PUBLISHER: Allied Market Research | PRODUCT CODE: 1239515
The global double glazing glass market was valued at $11.7 billion in 2021, and is projected to reach $22.3 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031.
Double-glazing is essentially a window with two panes of glass instead of one. These two sheets of glass are separated by a pocket of air in the middle and this pocket of air is filled with insulating gas to reduce heat loss. The gap is hermetically sealed and filled with argon to provide an added insulation layer. Ideally, double-glazed windows and doors should use toned or low-E glass to improve their performance. Structurally, the gap between these separated panes is the critical difference between double-glazed and single-glazed windows and doors. Yet, the real difference lies in the unique benefits of double glazing.
A double-glazed window has double separate and parallel sheets of glass, which is used in extremely harsh conditions such as cold or hot and for other security purposes as well. Double-glazing glass offers several advantages such as illuminating space, energy efficiency, and others, which is expected to drive the market growth during the forecast period.
However, although double-glazing glass material has excellent properties and higher performance, there has been a lack of awareness and understanding among the people regarding the advantages of double-glazed*glass. In developing countries such as India, not only people from outside but also people in the industry tend to have an inadequate understanding associated with double-glazing glass and solutions. Lack of awareness about the long-term energy efficient solutions offered by double-glazing glass among the consumers is expected to hinder market growth over the projection period.
The double-glazing glass market is segmented on the basis of thickness, application, end-use industry, and region. Based on thickness, the market is categorized into less than 10mm, 10mm to 12mm and more than 12mm. On the basis of application, the market is categorized into window & door, facade, and others. On the basis of end-used industry, the market is categorized into residential, commercial and industrial. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the industry include: Abbey & Burton Glass, CN Glass Limited, Clayton Glass Ltd, Shenzhen Sun Global Glass Co., Ltd., TAMCO Gulf Ltd, Weatherbeater Windows, Metro Performance Glass, Glass & Glazing Systems Pvt. Ltd, Royal Tough Glass Works, Chevron Glass Pty. Ltd. These players have adopted product launch, acquisition, and business expansion as their key strategies to increase their market shares.
During COVID-19 pandemic, the companies were fronting obstructions due to intermittent supply chain activities and uncertain market conditions owing to trade restrictions and lockdowns. This negative impact remunerated by surge in demand for double glazing glass in construction industry.