Global Insulated Glass Market By Sealant Type (Hot Melt, PIB Primary Sealants, Polysulfide, and Silicone), By Application (Non-residential construction, Residential construction, Industrial, and Others), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Insulated Glass Market Overview:

Global insulated glass market value was USD 2,170 million in 2021, growing at a CAGR of 6.7% over the analysis period 2023-2032.

Global Insulated Glass Market

Sealant Type Analysis

Depending upon the type of sealant, the insulating glasses window market can be divided into hot melt and PIB primary sealants as well as polysulfide and silicon. The fastest-growing segment of insulating glass is the hot melt. This is due in part to its excellent properties, such as low viscosity and cost, ease of gunnability at low temperature, low viscosity, and anti-sag.

Hot melt butyl sealing agent for insulated glasses is in high demand due to the rapid expansion of the automotive and food processing sectors.

Application Analysis

In 2021, the non-residential building was the dominant application segment, which accounted for 41.2% global revenue share. Insulating glass helps reduce heating and cooling loads on an air conditioner. It can regulate the indoor climate and reduce noise pollution to make a building more sustainable.

Over the forecast period, residential construction will experience the greatest growth. This application segment will see increased demand because of the positive outlook on residential construction in developing nations. The use of this product has been highlighted in guidelines regarding energy-efficient houses for housing.

In 2021, the market share for industrial applications in insulated glass was more than 16%. This is due to the increased use of these products for niche applications. This application segment will see high demand for soundproof labs equipped with the product.

Key Market Segments

Sealant Type

• Hot Melt
• PIB Primary Sealants
• Polysulfide
• Silicone

Application

• Non-residential construction
• Residential construction
• Industrial
• Others

Market Dynamics

This growth is expected to be attributed to the growing demand for energy-efficient buildings, which will reduce carbon footprint. The stringent regulations that encourage the use and conservation of energy-efficient materials within the construction industry are expected to positively impact growth over the period.

Insulated glass refers to a combination of 2 or more glasses, which have been separated by dry oxygen. This product reduces energy use, pollutes less, and increases comfort within the building. These products have been proven to be highly popular due to their superior thermal insulation properties and acoustic isolation.

The rising demand for sustainable buildings is expected to drive the German industry. Demand will rise due to various government initiatives designed to reduce carbon emissions caused by air conditioning in buildings.

The high manufacturing cost is the biggest obstacle to the product’s growth. The product costs more because of the material, which includes the spacer and desiccant. To increase the market share of low-cost products, manufacturers invest heavily in their development.

Regional Analysis

The Asia Pacific had the largest regional share, more than 42%, in 2021. Japan and China are driving regional growth, as they have different climates. There is also a rise in demand for countries like India and Vietnam.

The Middle East & Africa region’s growing number of nonresidential buildings is fueling demand. It is projected to grow at a CAGR of over 8% between 2023-2032. As it provides cooling, the demand for this product will increase with the construction projects that are planned in the region.

Slowdowns in the region are expected to slow down the European market’s growth. Germany is the country that has seen the greatest demand in this area. Over the forecast period, this product is likely to be more in demand because of the growing population in Eastern Europe and the mild climate.

North America’s non-residential building market is driving North America’s industry. This product will be used more because of the increased use of office spaces and the government’s efforts to curb rising carbon emissions. Installations have increased due to the increasing number of tornadoes and hurricanes in the region.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share Analysis

In order to remain competitive, there is a lot of product innovation. Due to its high price, penetration is currently low for this product. This industry is expecting to see the development of new products with significant cost advantages as a key differentiating factor.

Key Market Players

Manufacturers in this sector:

• NSG(Pilkington)
• Saint-Gobain (Guardian Glass)
• Viracon
• Vitro Architectural Glass Inc.
• Tower Insulating Glass Inc.
• Strathclyde Insulating Glass Company
• Eco Glass Company
• JE Berkowitz
• Other Key Players

For the Insulated Glass Market research study, the following years have been considered to estimate the market size: