Global Glass Insulation Market: Overview
Glass is one of the most versatile materials used in buildings and glass insulation has emerged as a preferred technology to improve the solar and thermal efficiency of infrastructures. Insulated glasses are mainly employed in domestic, commercial, and public buildings to regulate indoor temperature and maintain air quality including the humidity in the environment. The application of glass insulation is gaining significance in residential buildings and in numerous commercial infrastructures such as hospitals, hotels, and offices.
A large number of refurbishments are using glass insulation to enhance energy efficiency and to meet various government regulations related to eco-friendly buildings. The use of low-emission insulated glass in homes promotes passive solar heat gain and keeps the space warmer. Several coating modifications are being made to improve insulation leading to multi-functional glazing properties such as low maintenance, improved safety, noise reduction, enhanced condensation control, and security. Different types of glass insulation find extensive application for specialized uses. For instance, laminated glass and dual-seal silicone insulated glass ensures safety and weather changes. The continued demand for these glasses have contributed to the steady evolution of the market.
The report offers in-depth insights into the key drivers and restraints, market share and size of various segments, recent technological advances, notable trends and lucrative avenues, and competitive landscape.
Global Glass Insulation Market: Trends and Opportunities
The rising costs of energy and the soaring environmental awareness to improve the energy efficiency of buildings have stimulated the use of various glass insulation technologies. The increasing number of stringent government regulations to optimize the energy efficiency of new buildings has spurred the demand for glass insulation products. Furthermore, the growing popularity of green buildings across the commercial and residential segments is expected to propel the demand for glass insulation. The soaring use of glass insulation in various non-residential applications such as in automobiles and in heating, ventilation and air conditioning (HVAC) technology are anticipated to boost the market in the coming years.
Continuous technological advancements in glass technology has led to the advent of products with advanced functionalities, thereby boosting the glass insulation market. For instance, low-e coatings have been developed which minimizes the amount of UV and IR rays. Such developments catalyze the glass insulation market. Lack of awareness about advanced insulation products to be used in homes and the marked difficulty in recycling glass wool used in HVAC are key factors that may hinder the glass insulation market to an extent. Nevertheless, the advent of energy efficiency requirements in building codes, especially in developed nations, stringent government regulations related to the adoption of green buildings, and the indices for measuring window energy rating in homes, are crucial factors expected to unlock exciting opportunities for market players.
Global Glass Insulation Market: Regional Outlook
Geographically, Asia Pacific is a prominent market for the uptake of glass insulation products. A major demand comes from China, Japan, and India. The substantial demand for glass insulation in this regional market is driven by the easy availability of various raw materials, stringent implementation of energy regulations in buildings, and rising disposable incomes of consumers. North America is one of the major markets for the production of glass insulation products. The growth of the regional market is fuelled by the presence of a large number of regional and global manufacturers of glass insulation and innovative product launches in the developed nations.
Companies mentioned in the report
Companies vying for a sustained share in the glass insulation market include Certain Teed Corporation, Saint-Gobain ISOVER SA, PPG Industries Inc., Johns Manville, Arabian Fiberglass Insulation Co., Ltd., Knauf, Nippon Sheet Glass Co., Ltd., and Owens Corning.
Leading players are adopting vertical integration strategy and acquiring small enterprises to consolidate their operations and expand their presence across major regions.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.