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Glass Insulation Market


Chemicals & Material
Foam & Insulation

The global glass insulation market was valued at USD 37.94 Billion in 2015 and is projected to reach USD 58.71 Billion by 2021, at a CAGR of 7.6% from 2016. This growth is mainly attributed to growth in the construction industry, rising demand for value-added glass products, increasing demand for green buildings, increasing cost of energy, and stringent government regulations.

Among all types, the insulating glass units segment is the fastest-growing in the market, in terms of value. Value-added products such as low-e glass are increasingly used in insulating glass units to improve insulation. These products offer benefits such as low carbon dioxide emissions and energy savings. Insulating glass units offer other benefits such as sound insulation, safety, reduce damage to furnishings, and provide limited condensation. Governmental regulations in Europe and North America are driving the growth of this segment.

Among all applications, the non-residential construction segment is the fastest-growing in the glass insulation market, in terms of value. Non-residential construction includes construction activities in commercial buildings, offices, hotels, hospitals, educational institutes, stadiums, and airports and so on. Insulation helps these buildings reduce heating & cooling loads and manage indoor climate temperature, reduce noise pollution, and create a more environmentally sustainable building. Growth of this segment has been fueled by changes in building codes for increased energy efficiency.

The Asia-Pacific region held the largest share of the global market in 2015. The rising middle-class population of the region, with high disposable income, and demand for sustainable construction are contributing to the growth of the market. The growth of the Asia-Pacific market is also attributed to the availability of key raw materials, such as glass wool. The glass insulation market in the Asia-Pacific region is also driven by energy efficiency policies implemented by the governments of countries such as China, Japan, and India.

Glass Insulation Market

Factors inhibiting the growth of the global market include regulations related to carbon dioxide emissions, lack of awareness about insulation products, and difficulty in recycling glass wool. Owens Corning (U.S.), Nippon Sheet Glass Co. Ltd. (Japan), Johns Manville (U.S.), Knauf Insulation (U.S.), PPG Industries, Inc. (U.S.), Certain Teed Corporation (U.S.), Pittsburgh Corning Corporation (U.S.), Arabian Fiberglass Insulation Co., Ltd. (Saudi Arabia), Saint-Gobain ISOVER (U.S.), and Glassolutions Saint-Gobain (U.K.) are the key players operating in the glass insulation market.

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