Energy Efficient Glass: Introduction
- Rise in focus on energy conversation and increase in global warming have led to the development of energy efficient glass. Energy efficient glass is used to reduce the ultraviolet and infrared rays that enter buildings. The glass does not compromise upon the volume of light entering the structure. Energy efficient glass is made up of nanocoatings, which reflect light. These coatings preserve the temperature of the building or room by not allowing the outside temperature to enter the room.
Key Drivers and Restraints of Global Energy Efficient Glass Market
- Growth in awareness about the concept of green buildings is the major factor driving the energy efficient glass market. Increase in concerns about carbon emission across the globe is also boosting the energy efficient glass market. However, difficulty in access of raw materials owing to its unavailability in major regions is likely to hamper the energy efficient glass market during the forecast period. Nevertheless, surge in building & construction activities in Asia Pacific is expected to offer lucrative opportunities to the market.
- Leading glass manufacturers and research institutions are investing significantly to improve the access to raw materials of energy efficient glass, as they are not available in abundance in most of the regions. Research institutions are also conducting studies to come up with substitutes of raw materials of energy efficient glass. Manufacturers are also investing significantly to enhance their product portfolio of energy efficient glass in order to cater to various end-user industries.
Energy Efficient Glass: Coating Segment
- Based on coating, the energy efficient glass market can be bifurcated into hard coat and soft coat.
- The hard coat segment is projected to expand at a fast pace during the forecast period
Energy Efficient Glass: Glazing Segment
- Based on glazing, the energy efficient glass market can be divided into triple glazing, double glazing, and single glazing
- Shift from double glazing to triple glazing by building contractors is likely to propel the triple glazing segment in the near future
Energy Efficient Glass: Application Segment
- In terms of application, the energy efficient glass market can be segregated into automotive, building & construction, and solar panels
- The building & construction segment is anticipated to expand at a rapid pace during the forecast period owing to the increase in population in Asia Pacific
COVID-19 Impact on Energy Efficient Glass Market
- On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
- Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
- The COVID-19 pandemic has hampered the construction industry. Ongoing projects are getting delayed, while sanctioned projects have been put on hold. These factors are expected to negatively impact the energy efficient glass market.
Asia Pacific to Dominate Energy Efficient Glass Market
- In terms of region, the global energy efficient glass market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific is the major region of the global energy efficient glass market. Growth in disposable income and rise in urbanization are the key factors driving the energy efficient glass market in the region.
- Growth in emerging economies such as India, Taiwan, Indonesia, and Malaysia has boosted construction activities. This is also augmenting the energy efficient glass market in Asia Pacific. Increase in automotive production in China and Japan has propelled the usage of energy efficient glass, thereby driving the market in Asia Pacific.
Key Manufacturers Operating in Global Energy Efficient Glass Market
The global energy efficient glass market was consolidated in 2020. Major players have prominent presence in developed and developing countries. The vendors in the market are adopting various organic and inorganic growth strategies to expand their product portfolio and geographical reach. Key manufacturers operating in the global energy efficient glass market include:
- Saint-Gobain
- AGC
- Guardian
- Kaphs S.A.
- Metro Performance Glass
- SCHOTT AG
- Morley Glass & Glazing
- Vitro Architectural Glass
- Sisecam Group
- Sedak GmbH & Co. Kg.
Global Energy Efficient Glass Market: Research Scope
Global Energy Efficient Glass Market, by Coating
Global Energy Efficient Glass Market, by Glazing
- Triple Glazing
- Double Glazing
- Single Glazing
Global Energy Efficient Glass Market, by Application
- Automotive
- Building & Construction
- Solar Panels
Global Energy Efficient Glass Market, by Region
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
