According to analysts at Vantage Market Research, the Insulated Glass Market is expected to reach USD 3369 Million by 2028, growing at a CAGR of 0.3% between 2021 and 2028. In the last few years, insulated glass has gained huge popularity all over the world; it has features of being stronger and not easily breakable in comparison to the other glasses are some key factors driving the growth of this market.
- The Non-residential construction segment is projected to have a CAGR of over 2.5% in the estimated time frame and the segment is holding its dominance. The growth in construction activities in a developed and developing nation is driving the growth in the Non-residential construction segment. The type segment is further divided into Non-residential construction, Residential construction, Industrial and Others
- North America is will have a CAGR of around 2.1% from 2021 to 2028 in the Insulated Glass Market driven by the durability of the product, in changing climate conditions they are more preferred are some factors driving the demand for Insulated Glass Market.
Some of the key players in the Insulated Glass Market are Cairo Glass, Nippon Sheet Glass, Saint-Gobain, AluNile, Alu Glass, AGC Glass Company, Bystronic Glass, Glasscock, Decor Glass Specialties, Polychem Egypt, Viracon, Bent Glass Design, are among others. The market has a high degree of competence because of the presence of big players.
Insulated glass insulates the room by reduction of heat loss and heat gain. The use of insulated glass products has increasingly grown in the popularity during last decade in owners of residential as well as in commercial property focusing on reducing the cost of their gas as well as electric bills. With this; it can also act as the safety window as it is not easily breakable as compared to a single-pane window, providing a sense of security. The double Insulated glass panels make it stronger and hard to break. These factors are facilitating the demand for the market. Considering the price factor, It is costly than normal glass. In begging it was expensive but see the current market it has become somewhat of low cost. The damage can be there for gas leakage. Once it is damaged, it will need to be replaced only.
The Asia Pacific is expected to have a share of over 33.63 % in 2020. The growth in the region is subjected to rise because of the increasing population in countries, rising number of residential building, offices and more, the high energy consumption in buildings is producing demand for building materials that are energy-efficient like insulating glass window are some factors driving the growth in the region.