Market Research Future (MRFR) recently published a report on the insulating glass market where they predicted robust growth for the market over the forecast period (2022-2030). In the process, insulating glass market can attain and exceed the estimated market valuation. Insulating glass is now getting prominence across the globe both as an aesthetic component and efficient reducer of energy consumption. Insulating glasses are mostly known as single glazing, double glazing or triple glazed glass and add value to properties by enhancing its aesthetic aspect. The glass provides thermal insulation and curbs the temperature significantly inside buildings which in effect, can reduce energy consumption as well. Air spacing materials, sealants, and desiccants are associated products needed in the production of the insulating glass. MRFR in their detailed report included several factors that can impact the market in the coming years. Also, segmentation plays a pivotal role in the holistic understanding of the market MRFR deftly handled in the report.
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Among the major sectors to promote the insulating glass market growth, the construction industry can be considered the prized one. Insulating glass finds it easier to penetrate the construction sector owing to its feature such as thermal insulation. Recent times have seen several changes in the construction industry owing to the demand for construction materials that would curb the energy consumption. At the same time, these products are used by the builders to ensure privacy. The glazed side of the glass prevents others from prying into the private life of any individual. The product is also recyclable which is making it popular among the clients.
However, the manufacturing process is cost intensive owing to which the end-product price is quite high. This cannot have any long-lasting impact on the market as it is a one-time investment and saves much on maintenance and energy.
MRFR segments the global insulating glass market by application to provide a detailed analysis for better predictive understanding of the market.
Based on the application, the insulating glass market can be segmented by residential, non-residential, industrial, and others. The residential sector is generating substantial revenue owing to the reliance shown by builders on the product. The non-residential sector is also using the resource well and has a special eye for acoustic insulating glass.
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In the MRFR report, the insulating glass market has been geographically segmented by North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
The APAC market is in charge of taking the global market ahead. The region is also recording the fastest growth rate in terms of setting up new factories to manufacture insulating glass. China and India have taken the prospect seriously. They are now investing substantially in promoting the market. At the same time, the huge growth in the construction sector is backing the market well, creating more scope for market expansion.
Europe’s market is also flourishing. The market is taking advantage of the presence of leading names. A steady growth rate, it can achieve during the forecast period.
MRFR included major names in the global Insulating glass market report and analyzed them for proper understanding. The companies are Saint-Gobain, Viracon Inc., Guardian Industries Corp., Tower Insulating Glass Inc., Nippon Sheet Glass Co. Ltd., Strathclyde Insulating Glass Ltd., Eco Insulating Glass Inc., Ittihad Insulating Glass Company, J E Berkowitz, L. P., and Bystronic Lenhardt GMBH.
Guardian Glass recently developed Guardian Vacuum IGTM that has two glasses held by a micro panel to create a vacuum inside and help in reducing conduction and convection loss. This would help in a lessening of the size of the standard triple insulating glass unit.
In November 2018, American Insulated Glass LLC took over Innovative Glass of America, a wholesale distributor to ensure growth for their market in the Southeastern part of the country.
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