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A13649 | Pages: 533 | Charts: 55 | Tables: 211 |
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.
KEY REPORT HIGHLIGHTERS:
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Double-glazed glass refers to a window that has two panels of glass. The insulated glass unit (IGU), often referred to as a double-glazed sealed unit, is a major part of the window which sits‐¯in a uPVC, aluminum, or wood frame. The IGU comprises two sheets of glass separated by a spacer bar to generate an air gap that is filled with an insulating gas. The main advantage of double glazing is thermal insulation, which helps the space stay warm while preventing cold air from entering from the outside to make the room more energy efficient.
Double-glazed glass comprises two or more panels of glass that are completely sealed and separated by an air cavity. The glass is transparent which forms an insulating barrier between outdoor and indoor spaces. Increased security, reduced noise transmission, protection from UV, upgraded energy efficiency and improved thermal & acoustic properties are the key benefits that will change the dynamic of the global double-glazing glass market.
An increase in the use of coating technology by forming a thin molecular coat or by laminating a film onto a glass surface and rising demand for double-glazing glass in windows and door and façade applications are the main driving factors in the growth of the double-glazing glass market. Furthermore, the rising presence of various manufacturers in the U.S., the UK, and other European countries, and the increase in demand for the double-glazing glass market in the construction & infrastructure sector due to improved energy-saving performance are all important factors escalating the market growth. Along with these factors, the market for double-glazing glass will see increased growth due to rising R&D activities, evolving and technological advancements in manufacturing processes, an increase in building and construction in emerging economies, and more stringent government regulations.
Moreover, double-glazing glass has been used for exterior windows, doors, balustrades, and facades to ensure hurricane protection while preserving a contemporary, premium, clear appearance for visitors. The construction industry makes substantial use of double-glazing glass. It is used in both residential and commercial construction due to its durability and strength. The safety feature associated with double-glazing glass is highly useful in locations requiring high security, such as banks, money exchange facilities, jewelry stores, museums, and others.
However, despite the outstanding properties and superior performance of double-glazing glass material, there has been a lack of knowledge and awareness among people regarding the benefits of products. As per industry experts, in developing countries such as India, not only people from outside but also people within the industry tend to have inadmissible grasping associated with double-glazing glass and solutions. Lack of awareness about the long-term energy-efficient solutions offered by double-glazing glass among consumers hinders the growth of the double-glazing glass market.
Increase in adoption of double-glazing glass from the construction sector
Double-glazing glass is one of the most widely used construction glasses owing to its broad spectrum of properties. Double-glazing glass is typically translucent glazing material used for external walls and windows. It offers numerous physical and chemical properties. For instance; it is electric resistant, chemical resistant and flexible in molding and remains unaffected to changes in climatic conditions. It is most typically used as transparent glazing material in the building envelope, including windows in the external walls.
Increase in demand for double-glazing glass in the construction & infrastructure industry owing to improve energy-efficient attributes which result in an overall reduction of energy consumption thus this will boost the market growth during the forecast period. Double-glazing glass is designed to reduce heat loss in a building while reducing visible light transmittance. It improves thermal performance and reduces energy costs. Additionally, double-glazing glass is becoming more common in green buildings to increase aesthetics while reducing energy usage due to its exceptional characteristics.
Furthermore, the rapid expansion of the building & construction sector in emerging countries and the energy-saving characteristics of double-glazing glass are driving the global double-glazing glass market. The construction industry in the arid zones is the primary investment sector, especially after the trend towards building new cities in these areas. Construction has always been one of the top revenue-generating industries in the world, the U.S. construction market is one of the largest. According to Construction Industry Facts, 11.2 million people worked in the construction industry in 2018. Excellent physical and chemical properties of double-glazing glass like thermal insulation, strength, and recyclability further add to their popularity, thus this will drive the demand for g double-glazing glass in the construction industry during the forecast period.
Advantages of double-glazing glass:
Double-glazed glass offers many advantages over standard single-glazed windows such as UV protection, reduce outside noise, and enhanced security, among others. These glasses illuminate space which allows for larger window spaces, opening homes and other buildings up to more natural light and vaster views. Double glazing provides superior insulation by limiting the transfer of hot or cold air through windows which makes the home cooler in summer and warmer in winter. This allows having expansive glazing whilst still achieving an energy-efficient home.
Furthermore, the double glazing provides enhanced acoustics, creating a seamless transmission of light through windows while restricting the amount of external noise reaching inside. Double-glazing glass can reduce outside noise from voices, animals, vehicles, planes, trains, and other sources by up to 60% compared to single-glazing glass. Double-glazed products absorb more sound energy than standard single-glazed products due to the gap between the glass panes. Additionally, the sun can glare down on double-glazed glass, and items inside including the lounge will not fade, the glass offers UV protection against the sun’s harsh rays.
Moreover, double-glazing glass lowers the power bills as double gazing is such an effective insulator that it can reduce the need for electrical temperature control. This design feature can decrease power bills by more than 20% compared to single-glazed windows while also helping the environment. Energy costs have climbed by over 50% in Australia over the last decade. With half the energy used in Australian homes powering heating and cooling devices, keeping cool in summer and warm in winter is more unaffordable than ever. Australians pay the highest energy prices globally, two to three times more than American households. But an effective way to reduce power bills is installing double-glazed windows and doors. It is one of the most effective ways to make a home more energy efficient. Thus, these advantages of double-glazing glass are projected to drive the market growth during the forecast period.
The double-glazing glass market is segmented on the basis of material, thickness, application, end-use industry, and region. On the basis of material, the double-glazing glass market is classified into glass, frame and spacer, sealant, and others. 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, façade, and others. On the basis of end-use industry, the market is categorized into residential, commercial and industrial. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
[THICKNESSGRAPH]
On the basis of type, the market is divided into less than 10mm, 10mm to 12mm, and more than 12mm. More than 12 mm was the largest revenue generator, in 2021 and is anticipated to register a CAGR of 6.9% during the forecast period. 24 mm double-glazed windows can prevent a 70% heat loss in the summer and provide a 75% heat gain in the winter. These savings on power bills are just one of the many benefits of double-glazing glass. These advantages of thicker double-glazed glass will boost the market growth during the forecast period.
[APPLICATIONGRAPH]
The applications covered in the study include window & door and façade. In 2021, the window & door application was the largest revenue generator and is anticipated to register a CAGR of 6.9% during the forecast period. Double glazing glass windows and doors also offer good sound insulation owing to the fact that they can keep noise out, they are a great option for big city homes that are exposed to consistently high levels of noise.
[ENDUSEINDUSTRYGRAPH]
End-use industry covered in the study include residential, commercial, and industrial. In 2021, the residential end-use industry was the largest revenue generator and is anticipated to register a CAGR of 7.0% during the forecast period. Increasing number of residential projects in the region will positively impact the demand for double glazing glass during the forecast period in the region.
[REGIONGRAPH]
Region-wise, the double-glazing glass market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Europe double-glazing glass market size is projected to expand at the highest CAGR of 7.1% during the forecast period. Manufacturers from Europe region are expanding their network to meet the supply-demand owing to the high demand for double-glazing glass in residential and commercial sectors.
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.
Impact Of COVID-19 On The Global Double Glazing Glass Market:
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Key Market Segments
Key Market Players