15th January 2020 – Global Insulated
Glass Market is predicted to grow significantly in the forecast period
owing to the increasing awareness. Insulated Glass (IG unit) is also known as
double glazing glass. It is the mixture of two or more glass panes with an air
space between or vacuum to reduce the transfer of heat and form a single unit.
They are widely used in commercial and residential construction because they
offer better thermal and sound insulation.
Insulated glass market is growing due to
the factors like rise in disposable income of consumers, rapid
industrialization and urbanization and improving economic conditions of the
developing economies like China and India. Moreover, growing focus on
environment-friendly solutions is also expected to boost the insulated glass
industry in the years to come. However, factors like the current market
scenario and economic conditions are obstructing the glass industry.
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Insulating glass market is categorized
on the basis of application and geography. On the basis of application, the
market is divided into residential, non-residential, and industrial. The
non-residential segment is expected to dominate insulated glass industry owing
to the extensive use of insulated glass. This is attributed to the factors like
ability to reduce load on air-conditioning systems, noise pollution, ability to
control temperature, and achieving sustainability.
Geographically, insulated glass market
is segmented as North America, Latin America, South America, Europe, Asia
Pacific, and RoW. Owing to the increasing number of commercial and residential buildings
in emerging economies and changing climatic conditions, Asia Pacific is
predicted to lead insulating glass industry in future. The developing countries
like India and China are the major consumers of Insulated Glass in this region.
The major players in insulated glass
industry include AGC Glass Company, Cardinal Glass Industries, Bent Glass
Design, Nippon Sheet Glass, Saint-Gobain, Guardian Glass, Viracon, Decor Glass
Specialties, Oldcastle Building Envelope, PRL Glass System, Dlubak Specialty Glass,
Major Industries, GSC GLASS, Gray Glass, IJ Research, Kochhar Glass, Insulite
Glass, NGG, Thermoseal, and Gino's Glass Factory.
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