Glass Insulation Market is expected to grow at a robust CAGR
Global
Glass Insulation Market is expected to grow owing to growing demand for
value-added glass products, driven by the rising need for green buildings and
the increasing costs of energy throughout the forecast period.
According
to TechSci Research report, “Glass
Insulation Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast 2018-2028”, the Global Glass Insulation Market is
expected to register robust growth during the forecast period. The increasing adoption of glass
insulation in various end-use applications, including residential and
non-residential construction, is anticipated to drive the growth of the global
market. Furthermore, the rising demand for glass insulation in the industrial
construction sector is a key factor expected to contribute to the market
growth. Additionally, the rapid growth of the construction industry worldwide
is one of the factors that is expected to fuel the global market growth.
Moreover, the growing demand for glass insulation solutions in emerging
economies is projected to drive the growth of the target market.
Governments
around the world are implementing rigorous energy efficiency regulations and
building codes to mitigate energy consumption and reduce greenhouse gas
emissions. Glass insulation, renowned for its exceptional thermal performance,
is ideally positioned to meet these requirements.
The
opportunity lies in supplying glass insulation products that surpass regulatory
standards, facilitating builders and developers in achieving compliance with
energy codes and certifications such as LEED (Leadership in Energy and
Environmental Design) and BREEAM (Building Research Establishment Environmental
Assessment Method).
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Based
on plastic material, Insulating
Glass Units segment is expected to dominate the market during the forecast
period.
Insulated
Glass Units (IGUs) are multi-pane glass units consisting of two or more glass
panes separated by a spacer and sealed with a perimeter sealant. They provide
enhanced thermal and acoustic insulation for buildings and are widely utilized
in residential and non-residential construction. The segment of IGUs represents
a significant and growing share of the global glass insulation market. The
demand for IGUs is driven by their superior thermal performance, energy
efficiency benefits, and soundproofing capabilities. IGUs are highly regarded
for their energy-efficient properties as they effectively reduce heat transfer
through windows, which is a major source of energy loss in buildings. They find
applications in both residential and commercial buildings, commonly used in
windows and doors to enhance energy efficiency and soundproofing. Technological
advancements in IGU manufacturing have resulted in higher-performing products,
often incorporating Low-E (low-emissivity) coatings and gas fills like argon
and krypton to further improve thermal performance. A significant trend in the
IGUs segment is the increasing demand for sustainable glazing solutions,
including the development of smart glass technologies that can switch between
clear and tinted states to control heat and glare.
Based
on application, Non-Residential Construction segment is projected to dominate
the market throughout the forecast period. The non-residential construction
sector constitutes a significant portion of the global glass insulation market.
It encompasses a diverse range of structures, including commercial buildings,
industrial facilities, educational institutions, healthcare facilities, and
public infrastructure. Commercial buildings, such as office complexes, retail
spaces, hotels, and restaurants, play a vital role in this segment. Energy
efficiency and indoor comfort are key considerations in these structures.
Similarly, industrial facilities, including manufacturing plants, warehouses,
and distribution centers, require insulation to regulate temperature, safeguard
sensitive equipment, and ensure worker well-being. Sustainability is a pivotal
driver in the non-residential construction sector. Government agencies, private
organizations, and building owners are increasingly embracing sustainable
building practices. Energy efficiency regulations and building codes are
progressively becoming more stringent in numerous regions. Compliance with
these standards is imperative for new non-residential construction projects.
Technological advancements in glass insulation offer potential benefits to the
non-residential construction segment. Innovations in glass coatings, additives,
and installation methods can enhance the performance and cost-effectiveness of
insulation solutions. Moreover, retrofitting existing non-residential buildings
with energy-efficient insulation solutions presents a burgeoning opportunity.
Upgrading insulation can significantly enhance the energy efficiency of older
buildings.
Key
market players in the Global Glass Insulation Market are:-
- Cardinal
Glass Industries
- Guardian
Glass LLC
- PPG
Industries Inc.
- Sipla
Solutions
- Arabian
Fiberglass Insulation Company Ltd.
- Saint-Gobain
Group
- Nippon
Sheet Glass Co., Ltd,
- Johns
Manville Corporation
- Knauf
Insulation SprL.
- Strathclyde
Insulating Glass Ltd
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“The
Glass Insulation Market in Asia Pacific is poised to be the dominant force in
the industry. As urban areas continue to expand, there is an increasingly
imperative requirement for energy-efficient construction practices to
effectively address the heightened energy demand. Glass insulation plays a
pivotal role in augmenting the energy efficiency of buildings, making it a
preferred choice in this particular context. Factors encompassing urbanization,
government initiatives, climate variations, and environmental consciousness
collectively contribute to the substantial demand for glass insulation in the
construction and retrofit industries.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global management consulting firm.
“Glass
Insulation Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast Segmented By Plastic Material (Insulating Glass Units, Cellular Glass
and Glass Wool), By Application (Residential Construction, Non-Residential
Construction, Industrial, HVAC and Others), By Region, By Competition Forecast
& Opportunities, 2018-2028,” has
evaluated the future growth potential of Global Glass Insulation Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Glass Insulation Market.
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