Insulated glass windows consist of two or more panes of glass separated by an air-filled space or vacuum to reduce heat transfer in residential or non-residential areas. Factors such as falling energy and air conditioning costs, increasing awareness of sustainability, and surging global energy demand are driving the growth of insulating glass windows globally. The increase in the installation of insulating glass windows, limiting energy losses and helping to reduce energy costs, is particularly contributing to the growth of the global market. Double-glazed or triple-glazed windows can save up to 50% in temperature loss compared to regular windows.
The growth factor
The regional analysis
North America is the largest market and is expected to grow at a CAGR of 6.5% during the forecast period. Europe is the second largest market and will reach USD 6.56 billion, growing at a CAGR of 7.3% during the forecast period. The Asia Pacific is the fastest-growing region.
The major market size
The global insulating glass window market size was valued at USD 11.871 billion in 2021 and is expected to reach USD 21.16 billion in 2030, growing at a CAGR of 6.9% during the forecast period (2022-2030).
Figure 1 The global insulating glass window market
By type, the global insulating glass window market is segmented into double glazing, triple glazing, and others. Double glazing is expected to be the highest market and will grow at a CAGR of 7.5% during the forecast period.
By sealant type, the global insulating glass window market is segmented into hot melts, PIB primary sealants, polysulfides, and silicone sealants. Silicone sealants are the largest market and will grow at a CAGR of 6.6% during the forecast period.
By end user, the global insulating glass window market is segmented into residential and non-residential. The residential market dominates over the forecast period and will grow at a CAGR of 6.6%.
By region, the global insulating glass window market includes North America, Europe, Asia Pacific, Latin America, and the Middle East. The North American region is forecast to grow at a CAGR of 6.5% during the forecast period.
The major players in the global insulating glass window industry are
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