The insulating glass window market size was USD 12.0 billion in 2020 and is projected to reach USD 17.2 billion by 2026; it is expected to grow at a CAGR of 6.1% from 2021 to 2026. The increasing demand for energy-efficient buildings in various regions is expected to drive the growth of this market. The commercial segment accounted for the largest share of the insulating glass window market in 2020, owing to the increasing rate of commercial building construction in the countries such as the US, Germany, China, and India.
The key market players include AGC Inc. (Japan), Central Glass Co., Ltd. (Japan), Saint-Gobain (France), Dymax (US), Glaston Corporation (Finland), Guardian Glass (US), H.B. Fuller Company (US), Henkel AG & Co. KGaA (Germany), Internorm (Austria), Scheuten (Netherlands), Nippon Sheet Glass Co., Ltd. (Japan), Sika AG (Switzerland), 3M (US), Viracon (US). These players have adopted product launches, acquisitions, expansions, agreements, contracts, partnerships, investments, collaborations, and divestments as their growth strategies.
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Middle East & Africa region is projected to show positive growth, especially in the commercial construction industry, due to factors such as government initiatives (Saudi Arabia’s Vision 2030), increasing urbanization, and industrialization. Also, the Middle East & African insulating glass window market is projected to witness high growth till 2022, mainly because of the upcoming infrastructural projects such as Expo 2020 (UAE) and the 2022 FIFA World Cup (Qatar).
Saint-Gobain is one of the leading manufacturers and suppliers of insulated glass units in the world. The company has a global presence with operations in approximately 70 countries. In August 2020, Saint-Gobain developed a new product, ECLAZ, a new generation of enhanced thermal insulation glazing. The product offers higher transparency and thermal insulation.
Another important player in the insulating glass window market is AGC Inc. The company offers glass products for applications in the architecture, automotive, and display glass industries. In November 2020, AGC Inc. announced the completion of research and development building at the AGC Yokohama Technical Center (Tsurumi-ku, Yokohama) for around USD 182 million. This expansion reflects on the company’s interest to enhance its R&D for the development of new products and technology.
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