Global Insulated Glass Market 2017-2021
About Insulated Glass
Insulated glass, also known as double glazing, comprises two or more glass panes separated by a spacer and sealed with the help of a sealant. It helps in temperature regulation and reduces the heating and air conditioning costs. In cold regions, it minimizes condensation of interiors, thereby reducing heating costs. Tinted glasses, silk-screened pattern glasses, and low-E (low-emission) coating glasses are the various types of insulated glasses. Insulated glass offers excellent resistance to impacts, bullets, and sound.
Technavio’s analysts forecast the global insulated glass market to grow at a CAGR of 8.02% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global insulated glass market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Insulated Glass market 2017-2021
Technavio recognizes the following companies as the key players in the global insulated glass market: Cardinal Glass Industries, Guardian Glass, Nippon Sheet Glass, Saint-Gobain, and Viracon.
Other Prominent Vendors in the market are: AGC Glass Company, Bent Glass Design, Decor Glass Specialties, Dlubak Specialty Glass, Gino’s Glass Factory, GSC GLASS, GrayGlass, IJ Research, Kochhar Glass, Insulite Glass, Major Industries, NGG, Oldcastle BuildingEnvelope, PRL Glass System, and Thermoseal.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising demand for residential construction. The global insulated glass market by the residential construction segment is growing significantly because of increased disposable incomes, urbanization, and ever-rising population. Residential construction for single families has increased over the years, which has fueled the demand for insulated glass.”
According to the report, one driver in the market is increasing demand for green buildings. The rising number of green buildings in Europe and APAC is driving the demand for insulated glass. Increasing awareness about the positive impact of green buildings on human health and environment has led to improvisations in insulated glass. Industrialization and urbanization have led to deforestation and increased pollution. The construction industry focuses on developing environment-friendly solutions. Green buildings are widely preferred as they do not cause harm to human health. Insulated glass is used in the exteriors and interiors of buildings as it improves thermal resistance and reduces the consumption of electric energy by allowing natural light. It helps in temperature regulation, especially during winters and summers.
Further, the report states that one challenge in the market is fluctuation in raw material prices. Raw materials used for manufacturing insulated glass account for around 20%-22% of the total production cost and are primarily found in China. Soda ash is the most expensive raw material used for the production of insulated glass. Though China is the key producer of soda ash, the Americas and Europe have increased efforts to produce soda ash to meet the rising demand in insulated glass industries. A large number of players depends on China for soda ash. Fluctuations in soda ash prices pose a challenge to the procurement process. Huge dependence on soda ash increases the production costs.
Cardinal Glass Industries, Guardian Glass, Nippon Sheet Glass, Saint-Gobain, Viracon, AGC Glass Company, Bent Glass Design, Decor Glass Specialties, Dlubak Specialty Glass, Gino’s Glass Factory, GSC GLASS, GrayGlass, IJ Research, Kochhar Glass, Insulite Glass, Major Industries, NGG, Oldcastle BuildingEnvelope, PRL Glass System, and Thermoseal.
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