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Insulating Glass Window Market Report 2024 - Insulating Glass Window Market Growth, Demand, And Trends
Insulating Glass Window Market
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According to The Business Research Company's, The insulating glass window market size has grown strongly in recent years. It will grow from $13.37 billion in 2023 to $14.24 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to increased energy efficiency, rise in demand for sustainability, rise in demand for noise reduction, improved indoor comfort, increased urbanization.
The insulating glass window market size is expected to see strong growth in the next few years. It will grow to $18.36 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to rising building renovation and upgrades, increasing importance for health and wellness applications, increasing regulatory changes, aging building stock, rising demand in daylighting. Major trends in the forecast period include triple glazing, smart glass integration, vacuum insulated glass (vig), solar control films, integration of unique security features.
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Market Drivers and Trends:
Increasing demand for energy-efficient buildings is expected to propel the growth of the insulating glass window market over the coming years. Energy-efficient buildings reduce the amount of energy required for heating and cooling, regardless of the type of energy used or the equipment used to heat or cool the structure. Insulating glass windows are used in energy-efficient buildings to prevent heat from escaping or entering a home or office. For instance, according to EnergyStar, a government-backed labelling program run by the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy that promotes energy efficiency, For instance, in April 2021, more than 6,000 buildings earned Environmental Protection Agency (EPA) ENERGY STAR certification, and 280,000 commercial properties used the Environmental Protection Agency (EPA) ENERGY STAR Portfolio Manager tool for measuring energy use, water use, and/or waste and materials. Therefore, the increasing demand for energy-efficient buildings is driving the growth of the insulating glass window market.
Strategic partnerships have emerged as a key trend in the insulating glass window market. Major companies operating in the insulating glass window sector are focused on partnerships and collaborations to strengthen their position. For instance, in October 2021, AGC Glass Europe, a Belgium-based insulated glass manufacturing company, and Masterframe Windows Limited, a UK-based window manufacturer formed a strategic partnership to bring vacuum insulating glazing FINEO to the UK market for PVC-U sash windows. Also, in September 2022, REHAU Window Solutions, a Switzerland-based manufacturer of uPVC window systems, and AGC Glass Europe, a Belgium-based glass manufacturing company providing range of super-insulating coated glass signed a partnership agreement to develop doors and windows with vacuum insulated glass.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
AGC Inc., Cardinal Glass Industries Inc., Central Glass Co. Ltd., Saint-Gobain SA, Dymax Corporation, Glaston Corporation, Guardian Glass Corp., H.B. Fuller Company, Vitro S.A.B. de C.V., Internorm International GmbH, Ittihad Insulating Glass Co., Migo Glass Co. Ltd., Nippon Sheet Glass Co. Ltd., Shandong OYADE Sealant Industry Co. Ltd, Scheuten Glas Nederland B.V., Sika India Pvt. Ltd., 3M Company, Andersen Corporation, Jeld-Wen Holding Inc., Marvin Ltd., Masco Corporation, PGT Innovation Inc., Cornerstone Building Brands Inc., Deceuninck NV, VKR Holdings A/S, Pilkington Group Limited, Schott AG, Sisecam Group, Fuyao Glass Industry Group Co. Ltd., Xinyi Glass Holdings Limited, China Glass Holdings Limited, Taiwan Glass Industry Corporation, Euroglas GmbH, GSC Glass Ltd., Sedak GmbH & Co. KG, AGP Group, Oldcastle Inc., Viracon Inc., Trulite Glass & Aluminum Solutions LLC, Vitrum Industries Ltd.
Insulating Glass Window Market 2024 Key Insights:
• The insulating glass window market size is expected to see strong growth in the next few years. It will grow to $18.36 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
• Rising Demand For Energy-Efficient Buildings Fuels Insulating Glass Window Market Growth
• Strategic Partnerships Drive Innovation In The Insulating Glass Window Market
• North America was the largest region in the insulating glass window market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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