The demand within the global vacuum insulated glass market is slated to beacon a plethora of opportunities for growth, finds Transparency Market Research (TMR). Infrastructural developments, especially in the commercial sector, have gathered popularity across the globe. The need for developing sound-proof cabins and meeting areas in hotels and offices has played a vital role in market growth. The corporate sector has instituted several changes with regard to infrastructural developments.
The archetypes for residential constructions have changes in recent times, and new practices have pervaded the industry. The use of glass and fibrous materials for aesthetic designs has become commonplace. This trend has led to the growth of the global vacuum insulated glass market in recent times. The growing sound pollution has also compelled real estate companies to design houses with sound-proof glasses and ceilings. It is expected that vacuum insulated glasses would find new vendors and distribution channels in the years to follow.
Investments in the vacuum insulated glass market have flown in from modern-age developers in the real estate industry. The quest of real estate companies to stay in sync with the latest practices within infrastructural works has aided market growth.
Transparency Market Research (TMR) predicts that the global vacuum insulated glass market would expand at a sluggish CAGR of 4.2% over the period between 2018 and 2026. Furthermore, the global vacuum insulated glass market is projected to accumulate outstanding revenues by the end of the forecast period. The value of this market stood at US$ 4.5 Bn in 2017. A major chunk of revenues within this market flow in from the residential sector.
Imitating Ancient Architectural Practices
Modern architecture lays immense focus on reviving ancient designs and archetypes in the constructions industry. This has led architects to reinvent previous models using glass work and other key techniques. Therefore, the global vacuum insulated glass market is projected to grow alongside innovations in the architectural industry. The ned to preserve ancient glass houses has also created demand within the global vacuum insulated glass market.
Use of Glass Ceilings and Walls
Glass walls are commonly seen across restaurants that overlook seas, beaches, and other aesthetic landscapes. Hence, the demand for vacuum insulated glass across global tourist destinations has increased by a substantial margin. Furthermore, street-style cafes also use glass ceilings in order to enhance the look and feel of the space. The vacuum insulated glass market endows a multitude of possibilities for growth in recent times.
Finery of Glasswork in European Architecture
The global vacuum insulated glass market is regionally segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The vacuum insulated glass market in Europe has become a goldmine for vendors. Several European countries boast of finery in building and constructions, and aesthetic structures line European streets. The vacuum insulated glass market in Europe is expected to mature at a faster pace as against other markets.
Market Vendors to Focus on Capturing Commercial Markets
The use of vacuum insulated glass across commercial buildings has increased by several notches. The use of glass material for designing facades of commercial centers offers lucrative opportunities to the market players. Hence, the market players in the vacuum insulated glass market are expected to focus on reaping optimal revenues from the commercial sector.
Some of the leading vendors in the global vacuum insulated glass market are Panasonic Corporation, V-Glass LLC, LandGlass Technologies Co., Ltd., and Nippon Sheet Glass Co Ltd.
The review is based on the TMR’s report titled, “Vacuum Insulated Glass Market for Building & Construction (Application - Roof Lights, Windows, Doors, Roof Glazing, Glass Façade; End use Industry - Residential, Commercial, Industrial) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”.
The global vacuum insulated glass market for building & construction can be segmented as follows:
Global Vacuum Insulated Glass Market for Building & Construction, by Application
- Roof Lights
- Roof Glazing
- Glass Façade
- Others (Walls, etc.)
Global Vacuum Insulated Glass Market for Building & Construction, by End-use Industry
Global Vacuum Insulated Glass Market for Building & Construction, by Region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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