Insulating Glass Market Size

Global Insulating Glass Market Overview

The insulating glass market size was valued at USD 12.47 billion in 2023. The Insulating Glass industry is projected to grow from USD 12.56 Billion in 2024 to USD 23.77 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.40% during the forecast period (2024 - 2032). Increased energy-saving performance of insulating glass windows, the growing construction industry, and stringent regulations supporting the use of energy-efficient materials in the construction sector are the key market drivers enhancing the market growth.Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Insulating Glass Market Trends

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  Optimal energy-saving performance is driving the market growth

  
  

Market CAGR for insulating glass is driven by the rising number of energy-efficient materials in the construction sector. The high energy consumption in buildings propels the demand for energy-efficient building materials such as insulating glass. The utilization of insulating glass windows can help to decrease energy losses and result in lower energy consumption, which is a critical requirement. The heat and light transferred via the glass directly impact the comfort level of the people in the room, apart from affecting the energy costs. Switching to insulating glass windows greatly affects overall energy consumption. The use of insulating glass in residential and commercial buildings can decrease power consumption by almost 50%, thereby proving to be an effective technology for power optimization. Also, the increasing trend of rating systems in various countries, such as LEED (Leadership in Energy & Environmental Design) in the US, IGBC Green Ratings in India, and others, are likely to contribute to the growth of the insulating glass market.

Leaks and drafts in windows result in heat loss during winter and cool air during summer, increasing electric bills. As per the Environmental Defense of Canada, the total greenhouse gas registered in Ontario consisted of almost 25% contribution from the equipment used for the buildings' cooling, heating, and lighting. This enhances the carbon footprint and contributes to climate change. However, growing awareness about environmental sustainability and solutions to decrease climate change has replaced existing windows. This, in turn, has boosted the requirement for the product, thus driving the insulating glass market revenue.

As per the prediction of the US Energy Information Administration, world energy utilization is expected to increase by 50%, with 2050-Asia being the primary consumer. This increase in energy demand leads to an expansion in commercial, industrial, and residential energy bills. Normal windows result in about 25-30% temperature loss, whereas insulating glass windows can save around 50% of this temperature loss. Therefore, an increase has been witnessed in installing these window, which restricts energy loss and contributes to reducing energy bills.

Strategic partnerships have emerged as a key insulating glass window market trend. Major companies operating in this sector are focused on partnerships and collaborations to strengthen their position. For instance, in October 2021, AGC Glass Europe, a Belgium-based insulated glass manufacturing company, and Masterframe Windows Limited, a UK-based window manufacturer, formed a strategic partnership to bring vacuum insulating glazing FINEO to the UK market for PVC-U sash windows.

Insulating Glass Market Segment Insights

Insulating Glass Type Insights

The insulating glass market segmentation, based on type, includes double-glazing insulating glass, triple-glazing insulating glass, and others. The double-glazing insulating glass segment dominated the market, accounting for major market revenue. Double-glazing windows offer airtight construction that forms thermal insulation, which blocks the flow of incoming and outgoing heat or air. The energy used to cool down or heat the space is less, which results in lower electricity bills. The air between two panes and an airtight seal results in less condensation on the surface of windows.

Insulating Glass Application Insights

The insulating glass market segmentation, based on application, includes residential, commercial, and industrial. The residential category generated the most income. This is due to advancements in designs and technologies that are preferred by customers, which make enhances the aesthetics of living space, thereby fueling the market growth.

Figure 1: Insulating Glass Market, by Application, 2023 & 2032 (USD billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Insulating Glass Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific insulating glass market area will dominate over the forecast period due to growing government initiatives in the region, such as the Energy Conservation Building Code (ECBC) developed by the Government of India, which sets minimum energy standards for new commercial buildings, is expected to drive demand for the product in the country, and support the growth of the market in the region. Moreover, China insulating glass market held the largest market share, and the Indian insulating glass market was the fastest-growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: INSULATING GLASS MARKET SHARE BY REGION 2023 (%) 

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe insulating glass market accounts for the second-largest market share due to the rising number of office spaces and the governmental efforts to tackle rising carbon emissions from buildings. Further, the German insulating glass market held the largest market share, and the UK insulating glass market was the fastest-growing market in the European region.

The North America insulating glass market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the increasing construction of energy-efficient commercial and residential buildings to meet national energy and environmental norms are driving demand for the product in the region. Moreover, China, insulating glass market, held the largest market share, and the Indian insulating glass market was the fastest-growing market in the North America region.

Insulating Glass Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the insulating glass market grow even more. Market participants are also undertaking multiple strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the insulating glass industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the insulating glass industry to benefit clients and increase the market sector. Major players in the insulating glass market, including AGC Inc, Central Glass Co. Ltd, Glaston Corporation, Saint Gobain SA, Internorm International GmbH, Sika Industry, Nippon Sheet Glass Co. Ltd, and others, are attempting to increase market demand by investing in research and development operations.

Guardian Industries is a privately held industrial manufacturer of glass, automotive, and building products in Auburn Hills, Michigan. The company manufactures float glass, fabricated glass products, fiberglass insulation, and building materials for commercial, residential, and automotive applications. The company has present activities in North and South America, Europe, Asia, Africa, and the Middle East. In July 2020, Guardian Glass launched a new glass coater in Czestochowa, Poland, transforming normal float glass into high-performance, value-added glass using modern technology. This will help increase the production of low-emissivity (low-E) solar control glass for residential and commercial applications.

The REHAU Group is a polymer business which manufactures, develops, and sells products for the automotive, construction, furniture, medical, materials, and industrial sectors. Rehau employs more than 20,000 people in around 190 locations. The headquarters for the car and industry business is in Rehau, and for Commercial Construction is in Erlangen. In September 2022, REHAU Window Solutions, a Switzerland-based manufacturer of uPVC window systems, and AGC Glass Europe, a Belgium-based glass manufacturing company providing a range of super-insulating coated glass signed a partnership agreement to develop doors and windows with vacuum-insulated glass.

Key Companies in the Insulating Glass market include

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  AGC Inc. (Japan),

  
  


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  Central Glass Co., Ltd. (Japan),

  
  


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  Compagnie de Saint-Gobain SA (France),

  
  


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  Dymax (US),

  
  


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  Glaston Corporation (Finland),

  
  


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  Guardian Glass (US),

  
  


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  H.B. Fuller Company (US),

  
  


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  Henkel AG & Co.

  
  


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  KGaA (Germany),

  
  


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  Internorm (Austria),

  
  


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  Scheuten (Netherlands),

  
  


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  Nippon Sheet Glass Co., Ltd. (Japan),

  
  


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  Sika AG (Switzerland),

  
  


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  3M (US),

  
  


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  Viracon (US)

  
  

Insulating Glass Industry Developments

May 2022: NSG Group announced that they had set an increased carbon emission reduction target by 2030 and have committed to achieving Carbon Neutrality by 2050.

June 2020: Guardian Glass North America announced the latest updates to its residential insulating glass products. The company's proprietary warm edge spacer, currently manufactured in its Sun Prairie, Wisc., and fabrication facility, is now branded Guardian Align. The company changed the color of its primary polyisobutylene sealant to black to create cleaner-looking sightlines that seamlessly blend in with more modern and contemporary window frames. Insulated glass unit constructed by Guardian Glass with the Guardian Align spacer and new black sealant offer customers improved thermal insulation while providing best-in-class durability and strength.

January 2020: American Insulated Glass, a USA-based manufacturer and distributor of glass, acquired A.L. Smith Glass Co. for an undisclosed amount. Through this acquisition, American Insulated Glass integrates state-of-the-art technology and expands its manufactured glass capabilities to fulfill the expanding demand in the North Megalopolis, which includes the Washington, D.C. area. A.L. Smith Glass is a US-based manufacturer of flat, insulated, and tempered glass products for commercial windows and industrial sectors.

Insulating Glass Market Segmentation

Insulating Glass Type Outlook

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  Double Glazing Insulating Glass

  
  


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  Triple Glazing Insulating Glass

  
  


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  Others

  
  

Insulating Glass Application Outlook

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  Residential

  
  


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  Commercial

  
  


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  Industrial

  
  

Insulating Glass Regional Outlook

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  North America

  
  
  
  
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    US

    
    
  
  
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    Canada

    
    
  
  
  
  


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  Europe

  
  
  
  
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    Germany

    
    
  
  
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    France

    
    
  
  
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    UK

    
    
  
  
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    Italy

    
    
  
  
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    Spain

    
    
  
  
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    Rest of Europe

    
    
  
  
  
  


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  Asia-Pacific

  
  
  
  
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    China

    
    
  
  
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    Japan

    
    
  
  
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    India

    
    
  
  
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    Australia

    
    
  
  
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    South Korea

    
    
  
  
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    Australia

    
    
  
  
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    Rest of Asia-Pacific

    
    
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America