Global Energy Efficient Glass Market Size To Surpass USD 46.58 Billion by 2032 | CAGR of 4.6%
Category: Chemicals & MaterialsThe global energy-efficient glass market will exceed USD 46.58 billion by 2032
According to a research report published by Spherical Insights & Consulting, the global energy efficient glass market size is expected to grow from US$ 29.71 billion in 2022 to US$ 46.58 billion by 2032, at a compound annual growth rate (CAGR) of 4.6% during the forecast period.
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Browse key industry insights presented across 200 pages with 130 market data tables, figures and charts from the Global Energy Efficient Glass Market Size, Share and Impact Analysis report on COVID-19 by Coating (Hard Coating and Soft Coating), by Glazing (Triple Glazing, Double Glazing and Single Glazing), by Application (Automotive, Construction and Solar Panels) , by Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2022-2032”. A detailed description of the report can be found here: https://www.sphericalinsights.com/reports/energy-effective-glass-market
Energy-efficient glass, also known as low-e glass, is a specialized solution that improves the energy efficiency of buildings. It has a microscopically thin coating that controls the transmission of heat and light. This coating allows natural light to pass through while reducing heat gain or loss, minimizing the need for artificial lighting and temperature control. Energy-efficient glass improves insulation, reduces glare, blocks harmful UV rays, and creates a comfortable indoor environment. By reducing energy consumption, it helps reduce carbon emissions and energy costs, making it an important component of sustainable building practices.
The construction segment is expected to grow at a CAGR of about 4.5% during the forecast period.
Based on application type, the global energy-efficient glass market is segmented into automotive, building, and solar. The building segment is poised to witness significant growth during the forecast period in the energy-efficient glass market. This growth can be attributed to the rising demand for energy-efficient solutions in the building industry due to increasing awareness about sustainability and energy conservation. Governments and regulators are implementing stricter energy codes and standards, encouraging the use of energy-efficient materials such as glass. Additionally, the growing focus on green building practices and certification is further driving the adoption of energy-efficient glass in building projects. The benefits of energy-efficient glass such as improved insulation, reduced energy consumption, and increased comfort for occupants make it a preferred choice for architects, builders, and developers in the building sector.
The triple glazing segment is expected to grow at a CAGR of about 5.1% during the forecast period.
Based on glazing type, the global energy efficient glass market is segmented into triple glazing, double glazing, and single glazing. The triple glazing segment is expected to witness significant growth during the forecast period in the energy efficient glass market. This growth can be attributed to several factors such as triple glazing provides superior thermal insulation as compared to double glazing, making it an ideal choice for regions with extreme climates. Growing focus on energy efficiency and reducing heat loss or gain in buildings is driving the demand for triple glazing. Additionally, advancements in technology and manufacturing processes have made triple glazing more cost-effective and affordable, further fueling its growth. The benefits of increased energy savings, improved sound insulation, and enhanced comfort are driving the adoption of triple glazing in residential, commercial, and industrial applications, thereby driving its growth in the market.
The Asia-Pacific region is projected to grow at a CAGR of about 5.4% during the forecast period.
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Based on the region, the Asia Pacific region is expected to grow at a higher CAGR in the energy efficient glass market during the forecast period. The region is experiencing rapid urbanization and industrialization, leading to a surge in construction activities and demand for energy efficient building materials. Additionally, countries like China, India, and Japan are increasingly focusing on sustainability and energy conservation. Government initiatives and regulations promoting energy efficiency in buildings are also driving the adoption of energy efficient glass. Additionally, rising disposable income and changing lifestyles in emerging economies are fueling the demand for energy efficient solutions. The presence of a large population and the need for infrastructure development further contribute to the growth potential of the energy efficient glass market in the Asia Pacific region.
Key players in the global energy-efficient glass market include Saint-Gobain, AGC, Guardian, Kaphs SA, Metro Performance Glass, SCHOTT AG, Morley Glass & Glazing, Vitro Architectural Glass, Sisecam Group and Sedak GmbH & Co. Kg.
Market segment
This study forecasts revenue at the global, regional and country levels from 2019 to 2032. Spherical Insights has segmented the global energy efficient glass market based on the following segments:
Energy Efficient Glass Market by Coatings
- Hard coating
- Soft coat
Energy efficient glass market, by glazing
- Triple glazing
- Double glazing
- Single glazing
Energy efficient glass market by application areas
- Automobile
- Construction and erection
- Solar panels
Energy Efficient Glass Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Great Britain
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific Region
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- The rest of South America
- Middle East and Africa
- UAE
- Saudi Arabia
- Line up
- South Africa
- Rest of Middle East and Africa
About Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm that provides actionable market research, quantitative forecasting and trend analysis, delivering forward-looking insights tailored to decision makers and driving ROI.
Which serves various industries such as financial sectors, industrial sectors, government organizations, universities, non-profit organizations and corporations. The company's mission is to work with businesses to achieve business goals and support strategic improvements.
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