Global Insulating Glass Window Market - 2022-2029

Market Overview

Insulating glass window market reached US$ YY million in 2021 and is estimated to record significant growth by reaching up to US$ YY million by 2029, growing at a CAGR of 6.9% during the forecast period (2022-2029).

Insulated glass comprises two or more glass panes separated and covered with a sealer to provide the illusion of a single unit. Insulated glass units, often known as double glazing, limit heat loss and solar heat gain while reducing visible light transmission.

As a result, they increase thermal performance while lowering energy expenses. Furthermore, sound control, earthquake requirements, bullet resistance, hurricane and blast resistance standards, impact resistance and state energy codes can all be met using insulated glass windows. Many insulating glass combinations can be made accessible by mixing laminated glass products, tinted glass, Low-E coatings, reflective coatings, silk-screened patterns and other materials.

Insulated glass's major application is window application; thus, by merging multiple panes of glass into a single unit, an insulating glass window can reduce heat transmission over a portion of the building envelope. Multiple panes of glass and gas further impede heat and cold transfer. Managing room temperature and preventing air from leaving through windows eliminate the need for artificial air conditioning.

By installing insulating glass windows, annual air conditioning costs could be reduced by up to 15%. As a result, the insulating glass windows market will likely grow in the forecast period. Furthermore, due to increased awareness of sustainability due to climate change, governments have enacted rules to reduce household carbon footprints. Furthermore, to execute such measures, governments frequently give various subsidies for replacing obsolete windows and furnaces, which result in energy waste. Such subsidies fuel the demand for insulating glass windows. Furthermore, during the forecast period, a surge in government programs for energy-efficient buildings is likely to generate lucrative potential possibilities for the insulating glass window market.

Market Dynamics

Tremendously improving demand for energy-efficient building materials coupled with government regulations regarding energy consumption is boosting the demand for the insulating glass market.

Tremendously improving demand for energy-efficient building materials coupled with government regulations regarding energy consumption is boosting the demand for the insulating glass market

Buildings with high energy usage demand energy-efficient building components like insulating glass windows. Insulating glass windows also help reduce energy losses and consumption, which is an important necessity. Apart from reducing energy expenses, the heat and light conveyed through the glass directly affect the comfort level of the individuals in the space. Switching to insulating glass windows reduces overall energy consumption significantly.

Insulating glass windows are majorly used in residential and commercial buildings as they can reduce electricity use by nearly half, proving a useful solution for energy conservation. In addition, the growing popularity of rating systems in various countries, such as LEED (Leadership in Energy and Environmental Design) in U.S., IGBC Green Ratings in India and others, is expected to boost the insulating glass window market.

Thus, commercial and residential building owners are increasingly investing in higher-quality windows with superior insulative characteristics to save money on energy. The increasing need to improve energy efficiency and reduce energy expenses is a major element driving the demand for insulating glass windows. Reduced heat transfer qualities limit the electricity necessary to heat or cool a place, resulting in cheaper electricity bills, particularly in areas susceptible to extreme cold or heat.

Furthermore, insulating glass windows are commonly employed to lower the carbon footprint of green buildings and make them more sustainable. Demand for insulating glass windows for commercial and residential buildings is driven by stringent government restrictions regulating energy usage.

New state requirements, such as the California Standards, compel builders to enhance energy efficiency in new construction projects, likely increasing demand for insulating glass windows in the North American construction industry. Major builders increasingly use insulating glass windows due to government incentives such as tax credits for energy-efficient buildings.

The Energy Conservation Building Code (ECBC) established minimum energy criteria for new commercial buildings, raising the demand for insulating glass windows, which will likely continue during the forecast period.

For instance, In July 2020, Guardian Glass introduced a new glass coater in Czestochowa, Poland, that uses cutting-edge technology to transform ordinary float glass into high-performance, value-added glass; this will aid in developing low-emissivity (low-E) solar control glass for both residential and commercial use.

High fuel consumption for glass manufacturing leads to an increased overall cost of the product leading to a hurdle for the market

The melting of raw materials in the glass-making process consumes a significant amount of fuel, releasing hazardous gases like CO2. High fuel consumption increases overall production costs for insulating gas window products. Furthermore, the high initial expenditure required to install insulating glass windows is another factor more likely to limit demand in the residential building sector in the forecast period.

In addition, consumers' lack of understanding of the long-term benefits of insulating glass windows also limits market expansion. The challenges of sealing insulated glass to avoid air leakage are a consideration that could operate as a constraint because any leakage could cause condensation and damage to the insulated glass unit.

Thus, it is necessary to develop innovative production techniques to reduce fuel usage. Major participants in the insulating glass window market, such as Saint-Gobain (France) and Nippon Sheet Glass (Japan), are developing innovative techniques to cut fuel use, which would not only lower their production costs but also help them comply with numerous carbon credit rules and this would assist these businesses in achieving long-term success.

COVID-19 Impact Analysis

The pandemic has impacted several parts of the insulating glass window market's value chain, which will be reflected over the forecast period, particularly in 2020. COVID-19 has the following effects: COVID-19 interrupted the worldwide glass industry's operations in 2020, with some companies being more vulnerable to the consequences of shutdowns than others, putting them under significant financial strain.

In 2020, the insulating glass manufacturing supply chain was severely affected. Various constraints on cross-border and intra-border movements hampered the global insulating glass window market's supply chain in 2020.

Furthermore, during 2020, most insulating glass window manufacturing factories in Europe and North America were shuttered or running at a reduced capacity.

Various building construction activities, such as new and current projects, onsite productivity and contract value, were expected to have slowed by 24 percent in 2020 as a result of the COVID-19 pandemic as compared to 2019.

However, the growing trend of energy-efficient building development is expected to create market growth opportunities for products to grow in the forecast period.

Segment Analysis

The global insulating glass window market is segmented based on product, glazing, spacer, sealant, end-user and region.

Due to outstanding weather and thermal stability, ozone and oxidation resistance, extremely low-temperature flexibility, high gas permeability, strong electrical qualities and physiological inertness, silicone sealants are becoming more popular in the insulating glass industry.

The global insulating glass window market is segmented based on Sealant into polysulfide, hot-melt butyl, polyurethane, silicone and others

In 2020, the silicone sector had the highest revenue share in the insulating glass window market. Silicone sealant keeps air from leaking between the glass panes by sealing the panes and seams. Over the projected period, the installation of these windows is expected to drive demand for silicone sealants to a significant amount.

Furthermore, silicone sealants are becoming more popular in the construction industry because of their outstanding weather and thermal stability, ozone and oxidation resistance, extreme low-temperature flexibility, high gas permeability, strong electrical qualities and physiological inertness.

In addition, silicone sealants have excellent adhesion and durability, driving demand in the residential and commercial building industries due to increased construction and renovation activities worldwide. Silicon sealants are becoming more popular in the construction sector due to their excellent sealing, adhesive and elastomeric qualities and ability to withstand extreme climatic conditions.

Silicon sealants are noted for their high mobility, superior UV and temperature resistance, low water absorption flexibility and ability to make strong chemical connections to the surfaces of common construction and industrial substrates, which is further adding value to the growth of the segment as compared to other types of sealants available in the insulating window industry.

Geographical Analysis

The high quality of infrastructural construction, climatic conditions, reduced environmental impact and government regulations boost the growth of energy-efficient windows in North America.

In 2020, North America accounted for the greatest revenue share contribution to the global insulating glass window market among regional regions. In order to achieve national energy and environmental standards, countries in the region are increasing the construction of energy-efficient commercial and residential buildings leading to a boosted demand for insulating glass windows.

Government regional government programs, such as the Department of Energy's Building Technology program, aim to reduce energy use in residential structures by developing and adopting zero-energy homes (ZEH). During the forecast period, these factors are projected to boost the growth of the North American insulating glass window market.

Furthermore, Government financial incentives and programs in the region are expected to drive demand for insulating glass windows in the future by making it easier for building owners to complete energy-efficiency commercial and residential building projects by lowering costs through public benefits funds, loans and grants.

In addition, the rising use of heating, ventilation and air conditioning (HVAC) applications in commercial and residential buildings in the region is expected to enhance the demand for insulating glass windows.

Competitive Landscape

The global insulating glass window market is highly competitive with local and global companies. Some prime companies contributing to the market's growth are Dymax, Glaston Corporation, AGC Glass Europe, Central Glass Co., Ltd., Compagnie de Saint-Gobain SA, Guardian Glass, H.B. Fuller Company, Henkel AG & Co. KGaA, Internorm, Scheuten, Nippon Sheet Glass Co., Ltd, Sika AG, 3M and others.

The major companies are adopting several growth strategies such as acquisitions, product launches and collaborations, contributing to the global growth of the Insulating Glass Window market.

Guardian Glass North America released the most recent updates to its home insulating glass products in June 2020. Guardian Align is the new name for its proprietary heated edge spacer, which is currently fabricated in its Sun Prairie, Wisconsin, fabrication facility. Thus, to generate cleaner-looking sightlines that match with more current and contemporary window frames, the business changed the color of its principal polyisobutylene sealant to black. Guardian Glass' insulated glass unit, which has the Guardian Align spacer and new black sealant, provides consumers with greater thermal insulation and best-in-class durability and strength.

AGC Glass Europe

Overview: AGC Glass Europe, based in Louvain-la-Neuve (Belgium), manufactures, processes and sells flat glass for the construction industry (external glazing and interior decoration), automobile manufacturing and other industries (transport, solar power and high-tech). It is the European arm of AGC, a global flat glass leader. It employs approximately 15,200 people across Europe and has over 100 locations.

Product Portfolio: Insulating glass panel WAVE: WAVETHRU provides high-quality phone coverage for building inhabitants without sacrificing the aesthetics or thermal performance of windows, owing to a unique coating sprayed directly on the glass.

Furthermore, WAVEATTOCH is a transparent 4G/5G antenna capable of increasing outdoor network density. The antenna is mounted indoors (behind a window) and conforms with electromagnetic field regulations. It blends precisely and unobtrusively with any glass facade to aid network densification, particularly in metropolitan settings.

Key Development

For instance, in October 2021, AGC Glass Europe and Masterframe formed a strategic relationship to provide FINEO vacuum insulating glazing for PVC-U sash windows to UK market.

Why Purchase the Report?

• Visualize the global insulating glass window market segmentation by product, glazing, spacer, sealant, end-user and region, highlighting key commercial assets and players.
• Identify commercial opportunities in the insulating glass window market by analyzing trends and co-development deals.
• Excel data sheet with thousands of global insulating glass window market-level 4/5 segmentation points.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global insulating glass window market report would provide approximately 77 market data tables, 72 figures and 211 pages.

Target Audience 2022

• Service Providers/ Buyers
• Commercial Buildings
• Residential Buildings
• Research Laboratory
• Manufacturers
• Consumer Goods Companies
• Distributors