The global insulating
glass market is expected to reach USD 4.26 billion by 2025, according
to a new report by Grand View Research, Inc. The rising awareness about energy
efficient buildings is expected to drive demand for insulating glass.
Insulating glass is a special type of value added product which is installed to
keep the environment warmer in winters and cooler during the summer season. The
presence of two window panes in one unit aids in providing heat insulation.
The heat transfer by convection, radiation and
conduction are decreased by the extra window and air void present in an
insulated glass. Nowadays, manufacturers have developed insulation glass with
advanced properties such as noise control and enhanced thermal insulation.
The rising demand for green buildings is expected
to drive demand for the product. The energy efficiency provided by insulating
glass is the major factor driving the demand for this product. The market is
majorly concentrated in certain regions around the world. The demand for the
product is high particularly in the developing economies of India and Thailand.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/insulating-glass-market
Further key findings from the report suggest
·
Non-residential construction is the largest
application segment growing at a CAGR of 8.0% from 2016 to 2024. The demand in
this application segment is expected to reach USD 1.65 billion by 2024.
·
Residential construction is the fastest growing
segment in the market as is growing at a CAGR of 8.1%. The demand for reduced
air conditioning costs is driving the demand for this product in residential
application
·
The demand in Asia Pacific was USD 841.6 million
in 2015, accounting for over 40$ of the overall market. Growing demand for the
product in China and demand due to its superior properties as well as its
ability to reduce air conditioning cost is likely to propel demand
·
The competitive environment is highly
consolidated with a few major players dominating the industry. The industry is
dominated by major flat glass manufacturers such as NSG (Pilkington),
Saint-Gobain and Viracon.
·
The industry participants are engaged in rapid
new product development to gain market share as the industry growth is still in
its nascent stage. Saint-Gobain recently launched various products such as SGG
Nano, SGG Antelio Plus, SGG Cool-Lite.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
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
o
U.S.
·
Europe
o
UK
o
Germany
o
France
·
Asia Pacific
o
China
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
For press release of this report - http://www.grandviewresearch.com/press-release/global-insulating-glass-market
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