Insulated Glass Market Size, Share & Trends Analysis Report By Application (Non-residential construction, Residential Construction, Industrial), By Region, And Segment Forecasts, 2018 - 2025

Industry Insights

The global insulated glass market size was valued at USD 1.99 billion in 2015 and is expected to witness substantial growth owing to the rising demand for energy-efficient buildings, thereby reducing the carbon footprint. Furthermore, stringent regulations supporting the use of energy-efficient materials in the construction sector is expected to have a positive impact on growth over the projected period.

Insulated glass is a sealed combination of 2 or more glasses which are separated by dry air. The product saves energy, reduces pollution, and improves the comfort inside the building. The enhanced properties of thermal insulation and acoustic insulation provided by these products are expected to drive the demand for these products.

Germany insulated glass market, by application, 2014 - 2025 (USD Million)

The industry in Germany is expected to grow on account of rising demand for green buildings. The various government initiatives aimed at reducing carbon emissions resulting from air conditioning in a building are expected to boost the demand.

The major restraint for the growth of the product is the high manufacturing cost. The material comprises of the frame, spacer, desiccant, and inert gas which increases up to the cost of the product. Manufacturers are investing heavily in the development of low-cost products to increase the share of these products.

Application Insights

The application segment was dominated by the non-residential construction segment in 2015. Insulating glass aids in reducing heating and cooling loads on the air conditioning system. It has the ability to control the internal climate, reduce noise pollution resulting in a more environmentally sustainable building.

Residential construction is expected to witness the fastest growth over the forecast period. The rising positive outlook for residential construction in the developing countries is expected to drive demand for the product in this application segment. The guidelines concerning energy-efficient buildings for housing have placed emphasis on the usage of this product.

Global insulated glass market, by application, 2015 (%)

The insulated glass market share of industrial application was over 16% in 2015. The demand is expected to grow on account of usage of these products in niche applications. The high demand for soundproof laboratories equipped with this product is expected to drive the demand in this application segment.

Regional Insights

Asia Pacific held the largest regional share of over 42% in 2015. The regional growth is driven by countries such as Japan and China which experiences a lot varied climatic conditions. The demand is also picking up in countries such as India, Vietnam, Thailand, and Indonesia.

The rising number of non-residential buildings is driving the demand in the Middle East & Africa region which is expected to grow at a CAGR of over 8% from 2016 to 2025. The upcoming construction projects in this region are expected to boost demand for this product as it provides the necessary cooling inside the building.

The European market is expected to grow at a moderate pace on account of slowdown in this region. Germany has been at the forefront of the demand for this product in this region. The rising population in Eastern Europe coupled with the cold climate in this region is expected to boost demand for this product over the forecast period.

The industry in North America is driven by growing demand for non-residential buildings in the U.S. The rising number of office spaces and the governmental efforts to tackle rising carbon emissions from buildings is expected to boost the usage of this product. The growing number of tornados and hurricanes in this region has increased the number of installations in this region.

Insulated Glass Market Share Insights

The industry is highly consolidated owing to the presence of few manufacturers such as NSG(Pilkington), Saint-Gobain, Guardian Glass, and Viracon. The other manufacturers in this industry are Cardinal Glass, Vitro Architectural Glass, Tower Insulating Glass Inc., Strathclyde Insulating Glass, Ittihad Insulating Glass Company, Eco Glass, JE Berkowitz, United Plate Glass Company, Fuso Glass, Bystronic Glass, and Ann Arbor Glass.

The competitive environment is marked by rapid new product development to develop low-cost products. Currently, the penetration of this product in its applications is low owing to the high price of products. The development of new products with major cost advantages is expected to be a major differentiating factor for manufacturers in this industry.

Report Scope

Segments Covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global insulating glass market on the basis of application and region:

• Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

  • Non-residential construction

  • Residential construction

  • Industrial

  • Others

• Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

  • North America

    • The U.S.

  • Europe

    • Germany

    • The U.K.

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South Africa

    • Brazil

  • Middle East & Africa