Market Research Future (MRFR) has published a cooked research report on the “Low E-glass Market” that contains information from 2018 to 2032. The low e-glass market is estimated to register a CAGR of 6.50% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the low e-glass market— Asahi Glass Co. Ltd., Saint-Gobain SA, Corning Inc., Nippon Sheet Glass Co., Ltd., Xinyi Glass Holdings Limited, PPG Industries, Inc., CSG Holding Co. Ltd., Taiwan Glass Industry Corporation, China Glass Holdings Limited, and Sidecar.
Low E Glass Market Highlights
The low e-glass market is accounted to register a CAGR of 6.50% during the forecast period and is estimated to reach USD 22.74 billion by 2032.
Low-e glasses are being used more and more in contemporary construction and green structures due to their energy-saving, solar control, and improved thermal insulation properties. Installing low-E-glass units in residential and commercial windows often costs more than doing so with normal uncoated toughened glass components. According to the US Department of Energy, ordinary windows cost about 10% to 15% less than Low-E coated windows.
Segment Analysis
The low e-glass market has been segmented based on glazing, coating type, end use.
On the basis of glazing, the market is segmented into Single Glazing, Double Glazing, and Triple Glazing. The single glazing segment was attributed to holding the largest market share in 2022, Because it is simple to install and is a less expensive choice, single glazing is frequently utilized in construction and building.
Based on coating type, the low e glass market has been segmented into Solar control low-E coating, Passive low-E coating, and Others. The solar control low-e coating segment was expected to hold the largest market share in 2022, due to its ability of blocking damage ultraviolet (UV) rays and consume less air conditioning
Based on end use, the low e-glass market has been segmented into Building and Construction, Automotive, and Others. The building and construction segment was expected to hold the largest market share in 2022, due to the rapid urbanization and industrial development.
Regional Analysis.
The global low e-glass market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe low e-glass market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The low e-glass market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World low e-glass market comprises of Middle East, Africa, and Latin America
The largest market over the course of the projected period, North America is anticipated to experience consistent revenue growth. Growing investment opportunities in regional commercial and residential development projects as well as consumer knowledge of the benefits of utilizing energy-efficient glass windows are major drivers influencing the industry's growth throughout the projection period. The industry's sales growth is being fueled by the growing use of UV filters and cutting-edge thermal insulation technologies in U.S. green construction requirements
Moreover, over the period of forecasting, the European market is anticipated to see a moderate rate of revenue growth. As stipulated by the Paris Agreement, the European Union (EU), due to the increased thermal qualities, double- or triple-glazing low emission glass modules are widely used in new construction or as replacement glazing to help reach this ambitious target.
Additionally, the market in Asia Pacific is anticipated to experience the highest rate of revenue growth throughout the projected period due to the region's fast urbanization, the development of smart cities, and the numerous skyscraper construction projects underway there.
Furthermore, in the rest of the world the low e-glass Market is divided into the Middle East, Africa, and Latin America. Due to the extremely hot and dry weather, customers are projected to have high demand across the Middle East and Africa, which is expected to lead to significant increase. Sluggish growth is anticipated for Latin America.
Key Findings of the Study
- The low e-glass Market is expected to reach USD 22.74 billion by 2032, at a CAGR of 6.50% during the forecast period.
- the market in Asia Pacific is anticipated to experience the highest rate of revenue growth throughout the projected period due to the region's fast urbanization, the development of smart cities
- Based on coating type, the segment with the largest revenue share in 2021 was solar control low-e coating.
- Asahi Glass Co. Ltd., Saint-Gobain SA, Corning Inc., Nippon Sheet Glass Co., Ltd., Xinyi Glass Holdings Limited, PPG Industries, Inc., CSG Holding Co. Ltd., Taiwan Glass Industry Corporation, China Glass Holdings Limited, and Sisecam.
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Companies Covered | 15 |
Pages | 128 |
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