DOUBLE GLAZING GLASS MARKET TO REACH USD 29.6 BILLION BY 2027 | CAGR 4.8% – FORENCIS RESEARCH

Double Glazing Glass Market - Global Industry Analysis and Forecast 2020 to 2027

Global Double Glazing Glass Market: Key Highlights

  • According to the new market research report Double Glazing GlassMarket by Material (Glass, Frame & Spacer Bar, Sealant, Others), by Thickness (< 10MM, 10MM - 12MM, > 12MM), by End-use (Residential, Commercial, Industrial), by Application (Window, Door, Façade, Others), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2027)”, the global double glazing glass market is estimated to reach USD 29.6 Billion by 2027 at a CAGR of around 4.8% during the review period.
  • Double glazing glass iscommonly known as insulated glazing which is a combination of two or more glass panels spaced apart with the space bar and hermetically sealed with primary and secondary sealant
  • Thermal insulation, acoustical insulation, and reduced condensation are some of the properties of double glazing glass
  • Double glazing glass isused in a wide range of applications including fixed & operational windows, curtain walls, storefronts, slopped or overhead glazing, and amongst others.

Double Glazing Glass Market

Global Double Glazing Glass Market: Key Market Dynamics

  • Growing importance of green building t improve energy efficiency has anticipated to drive the growth of double glazing glass market
  • Excellent energy-saving performance of double glazing glass has expected to boost its demand in developed regions during the forecasted period
  • Lack of awareness regarding benefits offered by double glazing glass may hinder the growth of the product market.

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Global Double Glazing Glass Market: Regional Overview

  • North America

North Americais anticipated to witness prominent growth in double glazing glass market owing to rising awareness regarding green buildings coupled with ongoing innovation and construction industry. According to U.S. Census Bureau, in May 2020 USD 1,001,209 million was spent on private constructions. The infrastructure investment and smart city projects are contributing towards the growth of the market. Additionally, the growing renovation activities of old buildings and improve its energy efficiency in the U.S. have expected to surge the demand for double glazing glass market in the region

  • Europe

Europe is anticipated todominate the growth in double glazing glass market during the forecasted period. This has attributed by rising energy consumption and cost, the requirement for legislative building compliance, and need to manage the greenhouse gases. Furthermore, government initiative for green building and energy-efficient performance has surged the double glazing glass as a prominent choice amongst contractors has expected to boost the demand in the region. For instance, according to the World Green Building Council, in June 2018, 37 major European banks launched a new energy efficiency mortgage pilot scheme to develop green lending products.

Global Double Glazing Glass Market: Key Players Overview

  • Clayton Glass Ltd:

Clayton Glass Ltdis one of the leading glass manufacturers in the region and IGU supplier. The company operates through insulated glass units, specialist products, smartglass, and composite door glass business segment.SMARTGLASS is one of the market-leading conservatory wall and roof glazing brand. In November 2019, Clayton Glass Ltd acquired services, business and manufacturing capabilities of Nottinghamshire-based glass manufacturer, Global Glass, from Aperture Trading Limited. This acquisition will help to increase sales level, manufacturing capacity and geographical reach.

  • Saint-Gobain:

Saint-Gobain is engaged in designing, manufacturing, and distributing materials & solutions. The company has a strong global presence and operates in more than 68 countries across the globe. Saint-Gobain is one of the leaders in providing sustainable housing solutions. The company operates through construction, building distribution, transport, general manufacturing & industry, and healthcare & life science business segments. CertainTeed, Gyproc, ISOVE, JWESON, and among others are some of the leading product brands of Saint-Gobain. 

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Rep Id : CM 0131

Published : 2020-08-17

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