Global Energy Efficient Glass Market - 2022-2029
Market Overview
Energy-Efficient glass market reached US$ XX million in 2021 and is estimated to record significant growth by reaching up to US$ XX million by 2029, growing at a CAGR of 5.5% during the forecast period (2022-2029).
Energy-efficient glasses are used with low coatings to prevent heat from passing through the windows. As a result, the windows are thermally insulated, increasing a home's energy efficiency and, as a result, saving money on heating bills.
In order to reduce the amount of UV and infrared radiation that enters buildings, energy-efficient glass is used. The glass does not reduce the amount of light that enters the structure. Nanocoatings, which reflect light, are used to make energy-efficient glass. These coatings keep the structure or room constant by preventing outside air from entering.
The rise in carbon emissions worldwide is likely to promote the growth of the energy-efficient glass market during the forecast period. Furthermore, the growing demand for glass and increased use of hard coats as a solution are expected to boost the energy-efficient glass market. Furthermore, the energy-efficient glass market is expected to benefit from increased demand.
Market Dynamics
The extensive demand for energy-efficient windows in the construction industry boosts the product's market share.
The extensive demand for energy-efficient windows in the construction industry boosts the product's market share
Low-emissivity coatings are used on energy-efficient glasses to prevent heat from passing through the windows. The coating insulates the windows and enhances energy efficiency, saving the customers money on their heating bills.
These glasses are used in the architecture and construction industry to improve energy efficiency. Energy-efficient glasses can benefit windows, doors, conservatories and roof lights by holding heat and preserving electricity.
For instance, commercial buildings, such as businesses, hotels, hospitals, educational institutions and airports, are non-residential structures that use energy-efficient windows. Large commercial buildings are constructed with energy conservation in mind. These structures are also designed to break even over time, so choosing energy-efficient windows appears to be a good choice.
However, In the commercial construction sector, growing economies see an increase in demand for green buildings. Demand for such structures has recently increased in European and North American countries. The development of educational institutions and hospitals is expanding in developing nations, increasing the demand for energy-efficient windows in the non-residential end-use sector.
Furthermore, the Chinese government will carry out major development plans over the next ten years, including providing provisions for 250 million people in its new megacities and creating opportunities for the energy-efficient glass market.
During the projected period, the market for energy-efficient glasses will be driven by rising building activity and rising concern about energy conservation.
Lack of enough awareness among the consumer regarding the benefits associated with energy-efficient glass hurdles the market expansion of the product
Due to strong building industry expansion, the energy-efficient windows market has a bright future. However, people in some undeveloped or underdeveloped countries in Asia, Africa and South America, on the other hand, are less aware of the advantages of these window systems. There is a lack of understanding of how energy efficient a structure benefits any system.
The lack of awareness discourages the citizens in these countries from purchasing insulating products. When designing commercial or residential infrastructure in these countries, many architects and engineers disregard the building's energy efficiency, reducing the market growth in the developing regions.
Furthermore, the consumer is unaware of the financial reductions realized by building low-energy dwellings using energy-efficient window materials. Many of the advantages of energy-efficient windows, such as superior thermal and lighting performance, reduced condensation and reduced fading of interior furnishings, are unknown to builders and consumers; as a result, they often disregard building codes for weather conditions and use incorrect types of window, which may be more expensive or inefficient.
COVID-19 Impact Analysis
According to figures published by the Glass Alliance Europe, total glass output in Europe reached 35.85 million tonnes in 2020, a reduction of 2.6% from the previous year (36.80 million tonnes). According to the glass subsector, the COVID-19 pandemic had a variable impact on the glass market. The output of flat glass in Europe fell from 11.4 million tonnes in 2019 to 10.8 million tonnes in 2020.
Construction and remodeling work halted due to the restrictions, which directly impacted the demand for energy-efficient windows. The lockdown affected many households' disposable income, limiting their purchasing power. All of these reasons have harmed the global market for energy-efficient windows.
The industry nearly reached a standstill worldwide due to restrictions on non-essential activities. The International Energy Agency (IEA) estimates that global investment in energy efficiency in the construction industry increased by 2% to USD 152 billion in 2019. However, due to the COVID-19 pandemic, building construction activities, such as new and current projects, worksite productivity and contract value, are expected to decline by 24% in 2020 compared to 2019.
However, in 2021, there has been a surge in inactivity. The pandemic has impacted supply chains worldwide, impacting the flow of materials and components across borders and fabrication sites. Raw material delays or non-arrival, disturbed financial flows and rising absenteeism among production line workers have all resulted from this. These variables impacted everyone, from international building firms to local contractors.
Segment Analysis
The global energy-efficient glass market is segmented based on glazing, component, coating, end-user and region.
Due to superior low emission capabilities offered by triple glazed windows, building contractors are switching to triple glazing energy-efficient glass from double glazing energy-efficient glass, which is responsible for the segment's rapid expansion.
The global energy-efficient glass market is segmented based on Glazing into triple, double and single windows. Out of the mentioned Glazing, triple glazing window holds a dominating market position in the global energy-efficient glass market. A triple-glazed window is made up of three layers of glass. Triple glazed window exhibits strong insulation performance; this window type saw its first use in Sweden several years ago.
Over time, triple glazing has become more popular, achieving widespread acceptability. Triple glazed windows are, in fact, extremely popular in countries with colder temperatures. Due to its superior low emission capabilities, building contractors switch to triple glazing energy-efficient glass from double glazing energy-efficient glass, which is responsible for the segment's rapid expansion.
Triple-glazed windows capture the sun's warmth and allow it to enter the rooms. These windows are best suited for larger windows and have a glass pane with sun control and self-cleaning properties. Furthermore, They have better insulating performance than regular windows because they are more durable and rigid. They are best used in cooler climates because they resist condensation. These windows are cost-effective since they last longer and need not be replaced frequently. Triple-glazed windows also help to limit sound transmission.
As a result, these windows will be an excellent way to soundproof a home's windows as the customer is aware that living in a residential neighborhood exposes the customer to various noises. In addition, if anybody doesn't want the sound to leak out of their home, triple-glazed windows can help avoid the dangers of extended sound exposure.
Geographical Analysis
The tremendously improving construction industry of Europe and the growing adoption of green buildings in the region are boosting the regional growth of the energy-efficient glass market
Europe is expected to grow at the fastest rate in the forecast period for the global market for energy-efficient glass, owing to the growing construction industry in countries such as UK, Germany, Italy and France.
Europe is home to the world's largest producers of energy-efficient glasses. Some energy-efficient glasses manufacturers are Saint-Gobain, Nippon Sheet Glass Co., Ltd, AGC Glass Europe, Morley Glass & Glazing Ltd and Cardinal Glass Industries, Inc.
Low-emissivity glass is energy-saving that keeps heat from leaking through the windows. Low- emissivity glass is made with an invisible coating that inhibits heat transfer and reflects interior heat into the room. Furthermore, According to the European Commission, 570 projects have been registered to receive EUR 60 million in funding for project construction in 2019, thereby expanding the scope of the energy-efficient glass industry.
Energy-efficient windows and doors minimize CO2 emissions, making the home's carbon footprint smaller and more environmentally friendly. Thus, to meet the demand from an increasing population, it is anticipated that roughly 6 lakh new houses will be erected in Sweden and 3 lakh new houses will be built in Germany by 2025. The causes mentioned above, combined with government backing, are driving up demand for energy-efficient glasses, which are expected to rise during the forecast period.
Competitive Landscape
The global energy-efficient glass market is highly competitive with local and global companies. Some prime companies contributing to the market's growth are Saint-Gobain S.A, Nippon Sheet Glass Co., Ltd, AGC Inc, SCHOTT AG, Guardian Glass, LLC, Sisecam Group, Vitro Architectural Glass, Nippon Sheet Glass, Morley Glass & Glazing Ltd, Cardinal Glass Industries Inc and others.
The major companies are adopting several growth strategies such as acquisitions, product launches and collaborations, contributing to the global growth of the energy-efficient glass market.
In Jan 2021, Builders FirstSource Inc. finalized its merger with BMC Stock Holdings to become the nation's leading provider of construction products and services.
Compagnie De Saint Gobain
Overview: Compagnie De Saint Gobain manufactures, designs and provides materials in the construction, automotive, health, security and protection, aeronautical and food & beverages. The company generates 75% of its sales from the construction sector. The company provides services in North Europe, South Europe, Middle East, Americas and Asia-Pacific regions and operates in 70 countries. The company has over 100 subsidiaries and provides products and services in 5 categories; in which insulation is categorized under the interior finishing category
Product Portfolio: PLANITHERM TOTAL+: PLANITHERM TOTAL+ is one of the most energy-efficient low-E glass products available due to its Window Energy Ratings (WERs) optimization. The new coating combines substantially enhanced processing qualities and performance with the superb aesthetics expected from the PLANITHERM line due to the recent breakthroughs in magnetron coating technology from Saint-Gobain Glass.
Key Development
For instance, In January 2020, Continental Building Products was acquired by Saint-Gobain S.A. Due to this transaction, the corporation increased its geographic reach in North, East and Southeast America.
Why Purchase the Report?
• Visualize the global energy-efficient glass market segmentation by glazing, component, coating, end-user and region, highlighting key commercial assets and players.
• Identify commercial opportunities in the energy-efficient glass window market by analyzing trends and co-development deals.
• Excel data sheet with thousands of global energy efficient glass market-level 4/5 segmentation points.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players
The global energy-efficient glass market report would provide approximately 70 market data tables, 62 figures and 201 pages.
Target Audience 2022
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- 1. Global Energy Efficient Glass Market Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Global Energy Efficient Glass Market – Market Definition and Overview
- 3. Global Energy Efficient Glass Market – Executive Summary
- 3.1. Market Snippet by Glazing
- 3.2. Market Snippet by Component
- 3.3. Market Snippet by Coating
- 3.4. Market Snippet by End-User
- 3.5. Market Snippet by Region
- 4. Global Energy Efficient Glass Market-Market Dynamics
- 4.1. Market Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. The extensive demand for energy-efficient windows in the construction industry boosts the product's market share
- 4.1.1.2. XX
- 4.1.2. Restraints
- 4.1.2.1. Lack of enough awareness among the consumer regarding the benefits associated with energy-efficient glass hurdles the market expansion of the product
- 4.1.3. Opportunity
- 4.1.3.1. XX
- 4.1.4. Impact Analysis
- 5. Global Energy Efficient Glass Market – Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. Global Energy Efficient Glass Market – COVID-19 Analysis
- 6.1. Analysis of COVID-19 on the Market
- 6.1.1. Before COVID-19 Market Scenario
- 6.1.2. Present COVID-19 Market Scenario
- 6.1.3. After COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. Global Energy Efficient Glass Market – By Glazing
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Glazing
- 7.1.2. Market Attractiveness Index, By Glazing
- 7.2. Double Glazed *
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Triple Glazed
- 7.4. Single glazed Glazed
- 8. Global Energy Efficient Glass Market – By Component
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 8.1.2. Market Attractiveness Index, By Component
- 8.2. Glass *
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Frame
- 8.4. Hardware
- 9. Global Energy Efficient Glass Market – By Coating
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Coating
- 9.1.2. Market Attractiveness Index, By Coating
- 9.2. Hard*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Soft
- 10. Global Energy Efficient Glass Market – By End-User
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.1.2. Market Attractiveness Index, By End-User
- 10.2. Building and Construction *
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Automotive
- 10.4. Solar Panel
- 10.5. Others
- 11. Global Energy Efficient Glass Market – By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Glazing
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Coating
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Glazing
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Coating
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. UK
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Spain
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Glazing
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Coating
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. Brazil
- 11.4.7.2. Argentina
- 11.4.7.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Glazing
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Coating
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. China
- 11.5.7.2. India
- 11.5.7.3. Japan
- 11.5.7.4. South Korea
- 11.5.7.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Glazing
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Coating
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12. Global Energy Efficient Glass Market – Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Global Energy Efficient Glass Market- Company Profiles
- 13.1. Saint-Gobain S.A *
- 13.1.1. Company Overview
- 13.1.2. End-User Portfolio and Description
- 13.1.3. Key Highlights
- 13.1.4. Financial Overview
- 13.2. Nippon Sheet Glass Co., Ltd
- 13.3. AGC Inc
- 13.4. SCHOTT AG
- 13.5. Guardian Glass, LLC
- 13.6. Sisecam Group
- 13.7. Vitro Architectural Glass
- 13.8. Nippon Sheet Glass
- 13.9. Morley Glass & Glazing Ltd
- 13.10. Cardinal Glass Industries Inc
- LIST NOT EXHAUSTIVE
- 14. Global Energy Efficient Glass Market – Premium Insights
- 15. Global Energy Efficient Glass Market – DataM
- 15.1. Appendix
- 15.2. About Us and Services
- 15.3. Contact Us
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