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insulating glass window market

Insulating Glass Window Market Share, Size, Trends, Industry Analysis Report, By Sealant (Silicone, Polysulfide, Hot Melt Butyl, Polyurethane, Others); By End-Use (Residential, Commercial); By Product; By Glazing; By Region; Segment Forecast, 2022 - 2030

  • Published Date: Jan 2022
  • Pages: 115
  • Format: PDF
  • Report ID: PM2228
  • Base Year: 2021
  • Historical Data: 2018 - 2020

Report Summary

The global insulating glass window market was valued at USD 11.33 billion in 2021 and is expected to grow at a CAGR of 6.3% during the forecast period. Insulating glass windows are used to decrease the transmission of heat over a portion of the building by combining various insulating panes into a single unit. The huge energy consumption of commercial & residential structures is expected to propel the growth of the industry.

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Insulating glass windows regulate the room temperature by preventing air from escaping, thus reducing the need for artificial air conditioning. The use of insulating glass windows can reduce the cost of annual air conditioning by over 20-30%. The rising trend of energy rating systems such as IGBC green ratings in India and LEED (Leadership in Energy & Environmental Design) in the U.S., among others across various countries, is further anticipated to provide huge industry growth opportunities. The growing government measures to reduce the global carbon footprints and the rising focus towards environmental sustainability are anticipated to drive the market's growth. Additionally, the rising trend of lightweight vehicles is further expected to boost the growth of the industry. 

The outbreak of the COVID-19 had a negative influence on the overall insulating glass window market in 2021. The outbreak impacted various factors of the value chain in the market. The restriction on cross-border movements and the lockdowns across nations globally disrupted the supply chain of the global industry. This caused the shutdown of the majority of production plants for insulating glass windows globally. Additionally, the negative effect on the global trade, finance, and economy due to the outbreak of the virus, is further expected to hinder the growth of the product. However, as the lockdowns are down, the demand for insulating glass windows is on a rise.

Insulating Glass Window Market 2030

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Industry Dynamics 

Growth Drivers
The insulating glass window market is primarily driven by the growing number of activities and initiatives in the construction sector globally. Nowadays, the growth in the sales of low-E coated insulating glass windows for newly constructed commercial structures to meet the national environmental & energy challenges and to further reduce energy consumption is anticipated to drive the industry growth. The growing need to enhance energy efficiency and reduce electrical power bills, especially in regions with extreme cold and heat, is expected to drive the demand for insulating glass windows.

Additionally, the rising focus towards green buildings is predicted to drive the product's growth, as the insulating glass windows are extensively used in green buildings to make them more sustainable and reduce the carbon footprint. Moreover, the progressive utilization of HVAC (Heating, Ventilation & Air Conditioning) applications across residential and commercial structures is expected to present huge industry growth opportunities. Building owners are adopting insulating glass windows as they minimize the energy bills and also improve the acoustics of the buildings.

Report Segmentation

The market is primarily segmented on the basis of product, glazing, sealant, end-use, and region.

By Product

By Glazing

By Sealant

By End-Use

By Region

  • Vacuum Insulating Glass (VIG)
  • Gas-filled
  • Air-filled
  • Double glazed
  • Triple glazed
  • Others (Quadruple glazing, Heat-absorbing tints, Reflective coatings, and Spectrally selective coatings)
  • Silicone
  • Polysulfide
  • Hot melt butyl
  • Polyurethane
  • Others (Poly-isobutylene (PIB) and Epoxy-based sealants)
  • Residential
  • Commercial
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Insight by Sealant

The silicone segment accounts for the largest revenue share of the global market. Silicone sealants are used to seal the joints and insulating panes to prevent any air leakage that might be present between the windows. The rising installation for insulating glass windows is anticipated to drive the growth of the segment. Nowadays, silicone sealants are being increasingly used across the construction industry on account of the benefits offered by them, such as extremely low-temperature flexibility, excellent electrical properties, oxidation & ozone resistance, excellent thermal & weather stability, high gas permeability, and physiological inertness, among others.

Furthermore, the good adhesive and elastomeric properties of the silicone sealants make them extremely resistant to harsh environmental conditions; this is expected to drive their demand across the construction industry. The silicone sealants have low-water absorption flexibility, excellent resistance to high temperatures and ultra-violet lights, and high movement capability, along with the ability to make strong chemical bonds, making them suitable for the construction industry. These properties of silicone sealants are anticipated to drive the growth of the segment worldwide.

Moreover, the hot melt butyl segment is expected to witness a progressive CAGR in the approaching years. Hot melt butyl is a rubber-based butyl sealant that is used as a secondary sealant in insulating glass windows. It offers low MVTR (Moisture Vapor Transmission Rate). This sealant further eliminated the cure-time handling requirements, thus offering a balance of operational & performance efficiency. These are the primary factors that are anticipated to drive the growth of the segment.

Insight by Glazing

The double-glazed segment is recorded with the largest shares in 2021 and is expected to lead the industry in the forecasting years. Double glazed insulating glass windows are generally used to enhance energy conservation by reducing heat loss. The rising construction across both commercial and residential sectors is anticipated to drive the growth of the segment. The triple-glazed segment is projected to witness progressive growth in the global market. The huge demand for triple glazed windows from various countries with extremely cold climates is anticipated to drive the segment's growth. The use of these windows saves a huge amount of energy and also reduces carbon emissions.

Geographic Overview

North America is leading the global market in terms of value and volume. The huge market share of the region can be attributed to the rising construction industry, as the insulation product is used to make buildings more energy-efficient. Additionally, reduced impact on the environment, government regulations, and high quality of infrastructural construction, among other factors, are estimated to drive the growth of the market in the region.

The government initiatives across the region, including the building technology program of the DOE (Department of Energy), targets to reduce energy consumption across residential structures through the adoption of ZEH (Zero Energy Home), are expected to drive market growth in the region. The existence of various key market players in the region is one of the major factors leading to the dominance of the region in the global market.

The Asia Pacific is second in the lead in the global insulating glass window market. The market in this region is further likely to exhibit higher growth in comparison to other regions. The rapid growth in the construction industry in the region due to changing living standards of the population is anticipated to drive the growth in the market. The growing government initiatives such as ECBC (Energy Conservation Building Code) made by the Indian government that sets the minimum energy standards for new commercial structures are predicted to drive the demand in the region.

Competitive Insight

Some of the major players operating the global market include 3M, AGC Inc., Compagnie De Saint-Gobain S.A., Dymax, Glaston Corporation, Guardian Industries, H.B. Fuller Company, Henkel AG & Co. KGaA, Internorm, Nippon Sheet Glass Co., Ltd., Scheuten, Sika AG, Viracon, and Yongan Adhesive Industry Co., Ltd.

Insulating Glass Window Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 11.33 billion

Revenue forecast in 2030

USD 19.54 billion

CAGR

6.3% from 2022 - 2030

Base year

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD million/billion and CAGR from 2022 to 2030

Segments covered

By Product, By Glazing, By Sealant, By End-Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key companies

3M, AGC Inc., Compagnie De Saint-Gobain S.A., Dymax, Glaston Corporation, Guardian Industries, H.B. Fuller Company, Henkel AG & Co. KGaA, Internorm, Nippon Sheet Glass Co., Ltd., Scheuten, Sika AG, Viracon, and Yongan Adhesive Industry Co., Ltd.

Key Take-Away
Polaris Market Research
Insulating Glass Window Market Size Global Report, 2022 - 2030