Energy Efficient Glass Market Forecasts to 2028 – Global Analysis By coating (Hard Coat and Soft Coat), Glazing (Single Glazing, Double Glazing and Triple Glazing), Technology (Active Glass and Passive Glass), End User (Building and Construction, Automotive, Consumer Electronics, Solar Panel and Other End Users) and By Geography
According tStratistics MRC, the Global Energy Efficient Glass Market is accounted for $30.44 billion in 2022 and is expected treach $46.98 billion by 2028 growing at a CAGR of 7.5% during the forecast period. Energy efficient glass is the type of glass that has the property of minimizing the impact of excessive heating and cooling. By using coated glass with low emissivity, it is accomplished. Windows with energy-efficient glass have better thermal insulation. These glasses assist in lowering the building's carbon footprint, monthly electricity costs, and energy efficiency.
According tthe European Commission, in 2019 an estimated number of 570 projects have been registered for receiving EUR 60 million funding towards construction of the projects, hence increasing the scope of energy efficient glass market.
Market Dynamics:
Driver:
Rise in the carbon emissions
The rise in global carbon emissions is one of the key factors anticipated tpropel the market for energy-efficient glass during the forecast period. Energy-efficient glass sales are driving up demand for the material in the building and transportation sectors. Significant investments by the governments of numerous nations worldwide have been made possible by growing concerns about sustainability and the levels of global carbon emissions. Favorable trade policies, population growth, and consumer demand for the newest technology will all increase the market's opportunities for energy-efficient glass.
Restraint:
High cost of energy-efficient glass
During the forecast period, market growth is anticipated tbe constrained by the high cost of energy-efficient glass. One of the main things that installation is anticipated tbe hampered by is the cost of replacing existing window glasses with low-e-glazing. Installing such units is more expensive up front than installing regular uncoated glazing. An uncoated standard toughened glass unit is less expensive tbuy for windows than a soft-coat glass unit.
Opportunity:
Growth in research & investments
As raw materials for energy-efficient glass are not readily available in most regions, leading glass manufacturers and research institutions are investing heavily tincrease access tthese materials. Research institutions are alsconducting studies tcome up with substitutes of raw materials of energy efficient glass. Manufacturers are alsinvesting significantly tenhance their product portfoliof energy efficient glass in order tcater tvarious end-user industries is expanding the market growth.
Threat:
Improper installations
Professional installation and proper manufacturing are required for energy-efficient windows. Any installation error could lower its energy efficiency and cause other issues like condensation between the panes. Additionally, the accessibility of less expensive substitutes is anticipated thave a negative impact on the expansion of the market for energy-efficient glass.
Covid-19 Impact
Due tthe COVID-19 pandemic break-out, the construction industry across the globe comes ta complete halt, raising concerns that businesses may experience a decline in revenues or even experience project losses. Due trecent events surrounding the COVID-19 pandemic, a number of governments and private sector companies are operating at reduced capacity or have shut down entirely. The construction sector has been hampered by the COVID-19 pandemic. Projects that have been approved have been put on hold, while ongoing projects are being delayed. The market for energy-efficient glass is anticipated tsuffer as a result of these factors.
The soft coating segment is expected tbe the largest during the forecast period
Over the course of the forecast period, the soft coating segment is anticipated taccount for the largest share in the global market for energy-efficient glass. This is because it has better qualities than other kinds of coatings. Moreover, the rising demand for soft coated glasses in cold climate regions such as North America and Europe is expected tboost revenue growth of this segment during the anticipated timeframe.
The building and construction segment is expected thave the highest CAGR during the forecast period
The building and construction segment is expected tregister lucrative growth during the forecast period. Commercial and residential buildings use more energy for heating and cooling needs, which is a major contributor tunneeded CO2 emissions. Energy-efficient glasses can reduce the cost of central heating and cooling, enabling the construction of more environmentally friendly buildings. Additionally, the demand for energy-efficient glasses in the building and construction sector is anticipated tincrease as energy efficiency needs and energy costs rise.
Region with largest share:
During the projection period, Asia Pacific is expected tregister the largest share. The region's industrial development has been fueled by rising wealth, rising disposable income, rising urbanization, and rising population growth. Several government initiatives such as FDI have alsencouraged international companies tbuild production units in the region. As a result, APAC has become a manufacturing hub for goods related tconstruction, appliances, and automobiles. All of these elements are anticipated tincrease the demand for energy-efficient glass across the Asia Pacific region.
Region with highest CAGR:
Owing tthe increasing construction activities in countries such as Germany, France, the United Kingdom, and Italy, Europe is anticipated tregister the highest CAGR over the projection period. Major businesses in the area, including Saint-Gobain, AGC Inc., Schott AG, Morley Glass & Glazing, and Sedak GmbH & Co. KG, are anticipated thelp the market grow. Morever, the construction industry in the region is using energy-efficient glass more frequently as a result of rising initiatives trenovate older residential and commercial buildings and replace existing window panes with low-e glazing tincrease building energy efficiency and reduce carbon footprint.
Key players in the market
Some of the key players profiled in the Energy Efficient Glass Market include AGC Inc., Corning Inc., DuPont, FusGlass India Pvt. Ltd, Glaston Corporation, Guardian Glass, LLC., Morley Glass & Glazing, Nippon Sheet Glass Co., Ltd., PPG Industries Inc, RavenWindow, Sage Electrochromics, Saint-Gobain S.A., SCHOTT AG, Sisecam Group, Smartglass International Ltd, The CSG Holding Co. Ltd., VitrArchitectural Glass and Zhejiang Zhongli Energy Efficient Glass Manufacturing Co., Ltd.
Key Developments:
In February 2023, Saint-Gobain has entered inta definitive agreement tacquire U.P. Twiga Fiberglass Ltd. (UP Twiga), the leader on the glass wool insulation market in India. The acquisition of UP Twiga is in line with Saint-Gobain’s “Grow & Impact” strategy aiming tboth strengthen the Group’s leadership and accelerate its growth by enriching its range of solutions for light and sustainable construction.
In February 2023, AGC and Saint-Gobain, worldwide flat glass manufacturers leading in sustainability, announce that they are collaborating on the design of a pilot breakthrough flat glass line that is expected treduce very significantly its direct CO2 emissions. As part of this R&D project, AGC’s patterned glass production line in Barevka, Czech Republic, will be entirely refurbished inta high performing & state-of-the-art line that targets tbe 50% electrified and 50% fired by a combination of oxygen and gas.
Coatings Covered:
• Hard Coat
• Soft Coat
Glazings Covered:
• Single Glazing
• Double Glazing
• Triple Glazing
Technologies Covered:
• Active Glass
• Passive Glass
End Users Covered:
• Building and Construction
• Automotive
• Consumer Electronics
• Solar Panel
• Other End Users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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