Global Energy Efficient Glass Market, By Coating (Hard Coat and Soft Coat), Glazing (Single Glazing, Double Glazing, and Triple Glazing), End-Use Industry (Building and Construction, Automotive, Solar Panel, and Others) – Industry Trends and Forecast to 2031.
Energy Efficient Glass Market Analysis and Size
The global energy efficient glass market is experiencing significant growth driven by increasing awareness about energy conservation and environmental sustainability. The demand for energy-efficient glass is rising in both residential and commercial sectors due to stringent regulations aimed at reducing carbon emissions and the need to lower energy costs. The construction industry, particularly in regions such as North America, Europe, and Asia-Pacific, is a key driver of this market, with a growing emphasis on green building practices. Additionally, advancements in glass coating technologies and the development of innovative products are further fueling market growth.
Global energy-efficient glass market size was valued at USD 29.36 billion in 2023 and is projected to reach USD 45.05 billion by 2031, with a CAGR of 5.5% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Coating (Hard Coat and Soft Coat), Glazing (Single Glazing, Double Glazing, and Triple Glazing), End Use Industry (Building and Construction, Automotive, Solar Panel, and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America
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Market Players Covered
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Saint-Gobain Glass India (India), AGC Inc. (Japan), Nippon Sheet Glass Co., Ltd (Japan), SCHOTT AG (Germany), Sisecam (Turkey), Guardian Industries (U.S.), Vitro (Mexico), Morley Glass & Glazing Ltd. (U.K.), KAPHS S.A. (Greece), Sedak GmbH & Co. KG (Germany), Metro Glass site (New Zealand), CSG Holding Co., Ltd. (China), Taiwan Glass Industry Corporation (Taiwan), Abrisa Technologies (U.S.), Bendheim (U.S.), Central Glass Co., Ltd. (Japan), GSC Glass Ltd. (India), Arnold Glas (Germany), Fuso (Japan), DuPont (U.S.), Corning Incorporated (U.S.), PPG Industries Inc. (U.S.), Raven Products Pty Ltd. (Australia), Smartglass International (Ireland)
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Market Opportunities
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Market Definition
Energy-efficient glass, also known as low-emissivity (low-E) glass, is designed to minimize the amount of ultraviolet and infrared light that can pass through it without compromising the amount of visible light. This type of glass helps to reduce the transfer of heat through windows, which can result in lower heating and cooling costs for buildings.
Energy Efficient Glass Market Dynamics
Drivers
- Energy Efficiency Regulations
Stringent regulations promoting energy-efficient construction practices are often put in place by governments and local authorities to reduce energy consumption, lower carbon emissions, and enhance overall building performance. As a result, builders and developers are increasingly turning to energy-efficient glass to meet these requirements and ensure compliance with regulations. This trend is expected to continue as more countries and regions implement stricter energy efficiency standards, further boosting the demand for energy-efficient glass in the construction industry.
- Growing Construction Industry
Rapid urbanization, population growth, and increasing disposable incomes are driving the construction of new buildings and infrastructure projects, creating a significant market for energy-efficient glass. Additionally, the construction industry's shift towards sustainable and eco-friendly practices is driving the adoption of energy-efficient building materials, including glass. This trend is expected to drive substantial growth in the energy-efficient glass market in the coming years as the construction industry continues to expand.
Opportunities
- Green Building Certification
Green building certifications, such as LEED (Leadership in Energy and Environmental Design) and BREEAM (Building Research Establishment Environmental Assessment Method), emphasize the importance of energy efficiency and environmental sustainability in building design and construction. As a result, builders and developers are increasingly incorporating energy-efficient glass into their projects to meet these certification requirements and appeal to environmentally conscious consumers. The growing trend of green building certification programs presents an opportunity for the energy-efficient glass market, as these programs often require the use of energy-efficient materials.
- Retrofitting Energy Efficiency Glass Project
Many older buildings are not designed with energy efficiency in mind and may have outdated or inefficient glass windows. Retrofitting these buildings with energy-efficient glass can improve their energy performance, reduce energy costs, and enhance overall comfort for occupants. As more building owners and managers recognize the benefits of energy-efficient retrofitting, the demand for energy-efficient glass in retrofitting projects is expected to increase. This presents a lucrative market opportunity for manufacturers and suppliers of energy-efficient glass to capitalize on the growing demand for retrofitting solutions.
Restraints/Challenges
- Limited Awareness and Accessibility
Many consumers may not be aware of the energy-saving potential of energy-efficient glass or the various options available in the market. Additionally, in some regions, energy-efficient glass may not be readily accessible or may be prohibitively expensive, further limiting its adoption. Lack of awareness about the benefits of energy-efficient glass and limited availability in some regions can hinder market growth.
- High Initial Cost of Energy-Efficient Glass
The initial cost of energy-efficient glass is higher than traditional glass, which can be a barrier to adoption for some consumers. While energy-efficient glass offers long-term cost savings through reduced energy bills, the higher upfront cost can deter budget-conscious consumers from choosing these products. Manufacturers and suppliers of energy-efficient glass are working to address this issue by developing more cost-effective solutions without compromising on performance.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In January 2023, Yes World Climate Tech Pte Ltd, based in Singapore, introduced the first energy-efficient Windows Solution for residential and commercial buildings. This new range of specialty glass products is part of the company's SAVE EARTH MISSION, which aims to reduce the carbon footprint on the environment
- In June 2021, Saint Gobain acquired Vi-Lux Building Products, a leading manufacturer of cellular polyvinyl chloride (PVC) moulding. This strategic acquisition was driven by Saint Gobain's goal of expanding its product portfolio and meeting the diverse needs of its customers. The purchase of Vi-Lux Building Products allowed Saint Gobain to improve its offerings and better address the requirements of a wide range of customers
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Energy Efficient Glass Market Scope
The market is segmented into three notable segments based on coating, glazing and end-use industry. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Coating
- Hard Coat
- Soft Coat
Glazing
- Single Glazing
- Double Glazing
- Triple Glazing
End Use Industry
- Building and Construction
- Automotive
- Solar Panel
- Others
Energy Efficient Glass Market Regional Analysis/Insights
The market is analyzed and market size insights and trends are provided by country, coating, glazing and end-use industry as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.
Asia-Pacific dominates the market due to increasing disposable income among consumers. This rise in disposable income enables more individuals and businesses to invest in advanced, energy-saving technologies, including energy-efficient glass. The region is experiencing rapid urbanization, which is further stimulating market growth.
Europe is expected to be the fastest growing due to increasing emphasis on enhancing the energy efficiency of residential buildings. As homeowners and developers seek to reduce energy consumption and costs, energy-efficient glass has become a vital component of modern construction. Moreover, the region is subject to stringent regulatory compliance regarding energy conservation.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Energy Efficient Glass Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- Saint-Gobain Glass India (India)
- AGC Inc. (Japan)
- Nippon Sheet Glass Co., Ltd (Japan)
- SCHOTT AG (Germany)
- Sisecam (Turkey)
- Guardian Industries (U.S.)
- Vitro (Mexico)
- Morley Glass & Glazing Ltd. (U.K.)
- KAPHS S.A. (Greece)
- Sedak GmbH & Co. KG (Germany)
- Metro Glass site (New Zealand)
- CSG Holding Co., Ltd. (China)
- Taiwan Glass Industry Corporation (Taiwan)
- Abrisa Technologies (U.S.)
- Bendheim (U.S.)
- Central Glass Co., Ltd. (Japan)
- GSC Glass Ltd. (India)
- Arnold Glas (Germany)
- Fuso (Japan)
- DuPont (U.S.)
- Corning Incorporated (U.S.)
- PPG Industries Inc. (U.S.)
- Raven Products Pty Ltd. (Australia)
- Smartglass International (Ireland)
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