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Energy Efficient Glass Market


Chemicals & Material
Ceramics & Glass

The global energy efficient glass market is estimated to be USD 25.11 billion in 2018 and is projected to reach USD 32.02 billion by 2023, at a CAGR of 5.0% between 2018 and 2023. The increased demand for energy efficient glass in the building & construction, automotive, and solar panel industries is expected to drive the energy efficient glass market.

The energy efficiency glass market has been segmented on the basis of coating into hard coat and soft coat. The hard coated energy efficiency glass market is projected to register the highest CAGR during the forecast period. This high growth is attributed to its low emissivity, durability, and easy availability for installation.

On the basis of glazing, the energy efficient glass market has been segmented into single glazing, double glazing, and triple glazing. The triple glazing energy efficiency glass market is projected to register the highest CAGR during the forecast period. The high growth of the segment is attributed to building contractors shifting to triple glazing energy efficient glass from double glazing energy efficient glass, due to its excellent low emission properties.

On the basis of end-use industry, the energy efficiency glass market has been segmented into building & construction, automotive, solar panel, and others. The market in the building & construction end-use industry is projected to register the highest CAGR during the forecast period. This high growth is attributed to the growing construction activities in emerging countries of APAC due to the growing population as well as the increasing urbanization.

APAC is the largest energy efficient glass market, which is projected to register the highest CAGR between 2018 and 2023.  The increasing disposable income, growing wealth, and rising urbanization and population growth have led to industrial growth in the region. Several government initiatives such as FDI have also encouraged international companies to build production units in the region. Hence, APAC has emerged as a manufacturing hub for automotive, appliances, and building & construction products. All these factors are expected to fuel the consumption of energy efficient glass in various end-use industries.

Energy Efficient Glass Market

The major factors challenging the growth of the energy efficient glass market include lack of access to raw materials, promotion of recycling, and management of chemicals in the most responsible manner.

Companies such as  Saint-Gobain S.A. (France), Nippon Sheet Glass Co., Ltd. (Japan), AGC Inc. (Japan), SCHOTT AG (Germany), Guardian Glass, LLC. (US), Sisecam Group (Turkey), and Vitro Architectural Glass (US) are the leading players in the energy efficient glass market, globally.  Diversified product portfolio, high depth in application reach, and technical assistance to customers are factors responsible for strengthening the position of these companies in the energy efficient glass market. They have also been adopting various organic growth strategies such as new product launch and expansion to enhance their current scenario in the energy efficiency glass market. 

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