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Energy Efficient Glass Market Segmented By Coating, Glazing, Application & Region - Global Analysis on Size, Share, Trends, Opportunities & Forecast Report | (2023-2028)

Published: March, 2023
ID: 8155
Pages: 175
Formats: report pdf report excel report power bi report ppt

Energy Efficient Glass Market Size (2023-2028):

Energy Efficient Glass Market was calculated at $ 29.19 billion in 2022 and is predicted to reach $ 34.12 billion by 2028, at an annual rate of 9.1% between 2023-2028

The focus on energy conversion and escalating global warming has led to the advancement of energy-efficient glass. Energy-efficient glass is employed to decrease ultraviolet and infrared rays from entering the buildings. Glass does not compromise the volume of light entering the structure. Low-consumption glass is made of nano-coatings that reflect light. These coatings help preserve the temperature of a building or the room by not allowing the outside temperature to enter the room.

Drivers, Challenges & Opportunities in the Energy-Efficient Glass Market

The highest demand for glass with efficient energy in the construction, automotive, and solar panel industries is expected to drive the global energy-efficient glass market. Leading glass manufacturers and research laboratories are funding highly to improve permits for efficient glass raw materials as they are not present in abundance in most regions. Research institutes are also conducting studies to find substitutes for energy-efficient glass raw materials. Manufacturers are also investing to enhance their portfolio of energy-efficient glass products to meet the needs of various industries.

Awareness of the green building concept is the main driver of the global energy-efficient glass market. Growing concerns about carbon emissions worldwide are also stimulating the energy-efficient glass market. Nevertheless, the problems faced while accessing raw materials owing to their unavailability in the major regions is probable to hinder the energy-efficient glass industry throughout the foreseen period. However, the sharp increase in construction and construction activities in the Asia-Pacific should offer lucrative opportunities to the market. The growing glass market and the consumption of hard mounting coatings as a solution are some of the vital circumstances that are expected to increase the market demand for efficient glass.

Some of the other factors driving the market growth are the increased demand for energy-efficient glass as a solvent in the residential and commercial end-user sectors. The increase in the number of orders to restrict liquid crystal display crystals into efficient glass is also expected to hamper the energy-efficient glass market during the forecast period. Despite this, progress on analytical projects aimed at inflating the effective content of glass using hard coats is expected to offer profitable opportunities to entrepreneurs shortly.

Driving factors in the energy-efficient glass industry are escalating the use of energy-efficient glass in the transportation and building industry. Growing concerns about global carbon emissions levels and sustainability have facilitated substantial government investments in various countries around the world. Favorable business initiatives and policies, a growing world population, and people demanding the latest devices will create more opportunities in the global energy-efficient glass market. Escalating raw material prices and the economic downturn can hinder the expansion of the energy-efficient glass industry.

ENERGY-EFFICIENT GLASS MARKET REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2022-2028

Base Year

2022

Forecast Period

2023-2028

CAGR

9.1%

Segments Covered

  • By Coating
  • By Glazing
  • By Region 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

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

Market Leaders Profiled

SGG, AGC Inc., Nippon Sheet Glass Co., Ltd, SCHOTT AG, Şişecam Group, GUARDIAN INDUSTRIES, Vitro, Morley Glass & Glazing Ltd., Kaphs.in,, sedak GmbH & Co. KG, Metro Performance Glass, CSG Holding Co., Ltd., Taiwan Glass Ind Corp., Abrisa Technologies, Bendheim, Central Glass Co., Ltd., GSC GLASS LTD, Arnold Glas, Fuso Glass India Pvt. Ltd, DuPont, Corning Incorporated, Glass Apps, PPG Industries Inc, Raven Products

 

Energy Efficient Glass Market

Energy Efficient Glass Market Segmentation is studied as per the recent survey towards 2028.

Energy Efficient Glass Market - By Coating

  • Hard
  • Soft

The energy-efficient soft-coated glass market is expected to experience the highest CAGR during the forecast period. This high expansion is credited to its less emissivity, durability, and easy presence for installation.

Energy Efficient Glass Market - By Glazing

  • Single glazing
  • Double glazing
  • Triple glazing

The energy-efficient triple-glazed glass market is expected to experience the highest CAGR during the outlook period. The strong growth in the segment is attributable to building contractors switching to efficient triple-glazed glass from efficient double-glazed glass, due to its excellent low-emission properties.

Energy Efficient Glass Market - By End-Use 

  • Building & construction

  • Automotive

  • Solar panel

  • Others

The building & construction end-use business is predicted to witness the highest CAGR throughout the calculated period.

Energy Efficient Glass Market - By Region

The Energy Efficient Glass Report includes the segmentation of Regions with their respective Countries as follows.

  • North America Energy Efficient Glass Industry includes the U.S. and Canada.

  • Europe Energy Efficient Glass Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.

  • Asia Pacific Energy Efficient Glass Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.

  • Latin America Energy Efficient Glass Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.

  • The Middle East & Africa Energy Efficient Glass Industry includes KSA, UAE, Israel, the rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, and the rest of MEA.

APAC is the largest market for energy-efficient glass, which is expected to have the highest annual growth rate between 2020 and 2025. Increasing disposable income, increasing wealth, and growing urbanization and population have led to growth in the region. Various government initiatives, such as FDI, have also encouraged international companies to build production units in the region. As a result, APAC has become a hub for the manufacturing of automobiles, appliances, and construction and construction products. All of these factors are expected to fuel energy-efficient glass consumption in various end-use industries. Europe has a rich market for the energy-efficient glass sector due to increased demand in the construction industry and the largest producer in Germany, the UK, Italy, and France. The increase in the energy efficiency of residential buildings is increasing and its direct positive impact on fuel poverty has considerably changed the European market. Strict regulatory compliance with regard to energy conservation, increased disposable income, changes in living standards, and a strong awareness of innovative and sustainable products for the energy-efficient glass market will be developed.

Impact of COVID-19 on Energy Efficient Glass Market:

The construction industry in the world comes to a halt when the national blockade to combat the Covid-19 pandemic breaks out, raising fears that companies may see their revenues suffer and even suffer losses on certain projects. As a general rule, the January to March quarter is crucial for most construction companies, accounting for 30 to 40% of their annual income. It is also the time when many of the orders are finalized, according to industry experts. For a segment that is already under pressure owing to the poor financial health of several firms and falling orders, this is terrible news. The financial stress in the construction industry is expected to worsen next year and it is early to assess the overall impact of the coronavirus crisis. This effect on the construction industry has a huge direct impact on the revenue of the global energy-efficient glass market.

Major Key Players:

The key players operating in the energy-efficient glass industry are SGG, AGC Inc., Nippon Sheet Glass Co., Ltd, SCHOTT AG, Şişecam Group, GUARDIAN INDUSTRIES, Vitro, Morley Glass & Glazing Ltd., Kaphs.in,, sedak GmbH & Co. KG, Metro Performance Glass, CSG Holding Co., Ltd., Taiwan Glass Ind Corp., Abrisa Technologies, Bendheim, Central Glass Co., Ltd., GSC GLASS LTD, Arnold Glas, Fuso Glass India Pvt. Ltd, DuPont, Corning Incorporated, Glass Apps, PPG Industries Inc, Raven Products, , and Smartglass International Limited among other domestic and global players.

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