Global Vacuum Insulated Glass Market Overview:
As per MRFR analysis, the Vacuum Insulated Glass Market Size was estimated at 5.36 (USD Billion) in 2022. The Vacuum Insulated Glass Market Industry is expected to grow from 5.91(USD Billion) in 2023 to 14.2 (USD Billion) by 2032. The Vacuum Insulated Glass Market CAGR (growth rate) is expected to be around 10.24% during the forecast period (2024 - 2032).
Key Vacuum Insulated Glass Market Trends Highlighted
Market Trends:The global vacuum insulated glass (VIG) market is witnessing significant growth, driven by the rising demand for energy-efficient building materials. The increasing environmental concerns and stringent building regulations have led to a shift towards sustainable and energy-conscious construction practices. VIG is gaining popularity due to its exceptional thermal insulation capabilities, which can significantly reduce energy consumption in buildings.
Key Market Drivers:Rising energy costs: The increasing cost of energy is driving the demand for energy-efficient building materials like VIG, as it helps reduce heating and cooling expenses.
Government incentives: Governments worldwide are offering incentives and subsidies to promote the adoption of sustainable building materials, including VIG.Technological advancements: Continuous advancements in VIG technology are improving its thermal performance and durability, making it more attractive to architects and builders.
Opportunities:Expansion into emerging markets: The growing demand for energy-efficient construction in developing countries presents significant opportunities for VIG manufacturers to expand their market share.
Advanced applications: VIG is finding applications in various niche areas, such as automotive and aerospace industries, where thermal insulation is crucial.Integration with smart building systems: Combining VIG with smart building technologies can further enhance energy efficiency and occupant comfort.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Vacuum Insulated Glass Market Drivers
Rising Demand for Energy-Efficient Buildings
The construction industry is evolving continuously to meet the growing demand for sustainable and energy-efficient buildings. Vacuum insulated glass is an energy-saving construction material that helps reduce energy consumption. One of the advantages of VIG that compensates for the relatively high price of this product is maintaining a comfortable temperature inside the premises. It prevents the heat transfer between a building and environment. Governments of different countries are implementing stricter rules for energy consumption in buildings.That is why the growing demand for VIG is expected in the future. The Vacuum Insulated Glass Market Industry will benefit greatly from the increasing demand for eco-friendly buildings since VIG might be indispensable for architects and construction companies who want to build environmentally conscious buildings.
Growing Adoption in Residential and Commercial Applications
VIG is becoming increasingly mainstream both within residential and commercial construction. The residential application zone includes windows, doors, and skylights that ensure homeowners higher comfort and lower energy bills. As for commercial buildings, VIG is used in curtain walls, storefronts, and skylights to achieve energy recovery, increasing the sustainability of the built environment. Moreover, the variety of applications promotes the adoption of VIG in the Global Vacuum Insulated Glass.
Technological Advancements and Innovations
Continuous technological advancement and innovation is a key factor behind the growth of the Vacuum Insulated Glass Market Industry. There are several new advancements in the field of VIG and manufacturers are investing in research and development to improve the performance and durability of vacuum insulated glass. The use of advanced materials, like low-emissivity coatings and warm edge spacers, has greatly improved the thermal performance of VIG.In addition to this, development of larger sized VIG units and curved VIG panels increase the potential applications of VIG. Overall, such developments help in catering the needs of architects, builders, and end users.
Vacuum Insulated Glass Market Segment Insights:
Vacuum Insulated Glass Market Application Insights
The rising demand for energy-efficient solutions in the building and construction sector is a major driver of the vacuum insulated glass market growth. Vacuum insulated glass (VIG) is a type of glazing that uses a vacuum between two or more glass panes to reduce heat transfer. This makes it an excellent choice for energy-efficient windows, doors, and skylights. Windows: Windows are the most common application for vacuum insulated glass. VIG windows can reduce heat loss by up to 50% compared to traditional windows, which can lead to significant savings on energy bills.In addition, VIG windows can help to reduce noise pollution and improve indoor air quality. Doors VIG doors are another popular application for this type of glass. VIG doors can reduce heat loss by up to 30% compared to traditional doors, which can make a significant difference in homes and businesses that are located in cold climates. In addition, VIG doors can help to improve security and reduce noise pollution. Skylights: Skylights are another application for VIG. VIG skylights can reduce heat loss by up to 60% compared to traditional skylights, which can help to keep homes and businesses cool in the summer and warm in the winter.In addition, VIG skylights can help to improve natural lighting and reduce energy costs. Refrigeration VIG is also used in refrigeration applications. VIG panels can be used to insulate refrigerators and freezers, which can help to reduce energy consumption. In addition, VIG panels can help to improve the performance of refrigerators and freezers, which can lead to longer shelf life for food and beverages. Automotive VIG is also being used in automotive applications. VIG windows can help to reduce heat loss in cars, which can improve fuel efficiency.In addition, VIG windows can help to reduce noise pollution and improve the overall comfort of passengers. Overall, the vacuum insulated glass market is expected to continue to grow in the coming years. The rising demand for energy-efficient solutions in the building and construction sector is a major driver of the market growth. In addition, the growing popularity of VIG in other applications, such as refrigeration and automotive, is also contributing to the market growth.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Vacuum Insulated Glass Market Glass Type Insights
The Vacuum Insulated Glass Market is segmented by Glass Type into Low-E Glass, Solar Control Glass, Tinted Glass, and Clear Glass. In 2023, the Low-E Glass segment held the largest market share of 35% and is expected to continue its dominance throughout the forecast period. The growing demand for energy-efficient buildings is driving the growth of the Low-E Glass segment. Solar Control Glass is expected to witness the fastest growth during the forecast period due to the rising demand for solar control solutions in commercial and residential buildings.Tinted Glass and Clear Glass segments are also expected to contribute significantly to the overall market growth.
Vacuum Insulated Glass Market Market End-Use Insights
The Vacuum Insulated Glass Market segmentation by end-use includes residential, commercial, industrial, and transportation. The residential segment accounted for the largest share of the market in 2023, and it is expected to continue to grow at a steady pace during the forecast period. The commercial segment is also expected to grow significantly, driven by the increasing demand for energy-efficient buildings. The industrial segment is expected to witness moderate growth, while the transportation segment is expected to grow at a slower pace.Overall, the Vacuum Insulated Glass Market is expected to witness significant growth in the coming years, driven by the increasing demand for energy-efficient solutions and the growing construction industry.
Vacuum Insulated Glass Market Frame Material Insights
The Frame Material segment is a crucial aspect of the Vacuum Insulated Glass Market. Metal frames, with a revenue share of over 45% in 2023, continue to dominate the market due to their durability, strength, and aesthetic appeal. Wood frames, while accounting for a smaller share, are gaining popularity in residential applications, offering warmth and a natural look. Vinyl frames offer a cost-effective and low-maintenance option, particularly in commercial buildings. Fiberglass frames provide excellent insulation and resistance to rot and corrosion, making them suitable for harsh environments.Composite frames, a combination of materials, offer a balance of strength, durability, and insulation. The increasing demand for energy-efficient buildings is driving the growth of the Vacuum Insulated Glass Market, which in turn is fueling the demand for frame materials.
Vacuum Insulated Glass Market Regional Insights
The regional segmentation of the Vacuum Insulated Glass Market offers valuable insights into the market's dynamics and growth potential. North America is estimated to account for a significant share of the market in 2023, driven by increasing adoption of energy-efficient building solutions and government regulations promoting sustainability. Europe is also a key market, with growing demand from the construction and automotive industries. The APAC region is expected to witness substantial growth over the forecast period, fueled by rapid urbanization and increasing disposable income.South America and MEA are emerging markets with promising growth prospects, as governments and businesses recognize the benefits of vacuum insulated glass for energy conservation and thermal insulation. The market is expected to continue expanding across all regions, driven by the increasing adoption of energy-efficient technologies and rising demand for sustainable building materials.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Vacuum Insulated Glass Market Key Players And Competitive Insights:
Major players in Vacuum Insulated Glass Market industry are continuously striving for Vacuum Insulated Glass Market development to gain a competitive advantage. Some of the leading Vacuum Insulated Glass Market players are Pilkington, Saint-Gobain, Schott, and Guardian Glass. These companies are constantly investing in research and development to enhance the performance of their products and expand their product portfolios. Technological advancements, such as the development of triple-glazed VIG units, have also played a crucial role in shaping the competitive landscape.Leading Vacuum Insulated Glass Market players, such as Pilkington, have adopted a customer-centric approach to meet the evolving needs of their clients. The company emphasizes innovation and sustainability in its operations, consistently introducing new products and solutions to address market demands. Pilkington's global reach and strong distribution network enable it to cater to diverse customer segments across various regions. Additionally, the company's focus on technical expertise and quality control allows it to maintain a competitive edge in the market.A competitor of Pilkington, Saint-Gobain, is another key player in the Vacuum Insulated Glass Market industry. The company has a strong presence in the construction and automotive sectors, providing a comprehensive range of glass solutions for various applications. Saint-Gobain's commitment to sustainability through its "Grow and Impact" strategy aligns with the increasing demand for energy-efficient products. The company invests heavily in research and development to enhance the performance of its VIG units and expand its product offerings.
Key Companies in the Vacuum Insulated Glass Market Include:
Vacuum Insulated Glass Industry Developments
The global vacuum insulated glass (VIG) market size was valued at USD 5.91 billion in 2023 and is projected to reach USD 14.2 billion by 2032, exhibiting a CAGR of 10.24% during the forecast period. Increasing demand for energy-efficient building materials, coupled with growing construction activities worldwide, is driving market growth. VIG offers exceptional thermal insulation properties, reducing energy consumption in buildings and contributing to sustainability goals. Recent advancements in production technologies have led to improved performance and cost-effectiveness, further fueling market adoption. Key players are investing in research and development to enhance VIG's functionality and expand its applications in various building types, including residential, commercial, and industrial
Vacuum Insulated Glass Market Segmentation Insights
| Report Attribute/Metric |
Details |
| Market Size 2022 |
5.36(USD Billion) |
| Market Size 2023 |
5.91(USD Billion) |
| Market Size 2032 |
14.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
10.24% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Viracon, SaintGobain, Guardian Industries, China Glass Holdings, Vitro Flat Glass, Xinyi Glass, Shanghai Yaohua Pilkington Glass, Cardinal Glass, Huacang Glass, Tianjin North Glass, Pilkington, AGC Flat Glass Europe, Central Glass Co, NSG Group, Asahi Glass Co |
| Segments Covered |
Application, Glass Type, Market End-Use, Frame Material, Regional |
| Key Market Opportunities |
Highrise building construction Automotive lightweighting Pharmaceutical industry growth Green building initiatives Government regulations for energy efficiency |
| Key Market Dynamics |
Rising demand for energy-efficient solutions Increasing adoption in commercial and residential buildings Technological advancements enabling larger panel sizes Growing demand from construction and automotive industries |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Vacuum Insulated Glass Market is expected to reach a valuation of 5.91 Billion USD in 2023.
The Vacuum Insulated Glass Market is projected to grow at a CAGR of 10.24% from 2024 to 2032.
Key applications of Vacuum Insulated Glass include windows, doors, curtain walls, and skylights.
Key competitors in the Vacuum Insulated Glass Market include Saint-Gobain, AGC, Pilkington, and Guardian Industries.
The Vacuum Insulated Glass Market is expected to reach a valuation of 14.2 Billion USD in 2032.
The windows application is expected to drive the growth of the Vacuum Insulated Glass Market.
The Asia-Pacific region is expected to witness a growth rate of 11.2% in the Vacuum Insulated Glass Market.
China is expected to hold the largest market share in the Vacuum Insulated Glass Market in 2032.
What are the key trends driving the growth of the Vacuum Insulated Glass Market?
