The global glass insulation market is projected to grow at a CAGR of 7.6%, in terms of value, from 2016 to 2021”
The global glass insulation market is projected to reach USD 58.71 billion by 2021, at a CAGR of 7.6% from 2016. The growth of this market is driven by the growing demand for energy-efficient products from the construction industry.
“The insulating glass units segment is the fastest-growing”
The demand for insulating glass units is rising due to various regulations related to the usage of energy-saving materials in buildings. Governments in developed as well as developing countries are laying these regulations.
“The non-residential construction segment is the fastest-growing”
The demand for non-residential construction is rising due to the increasing construction activities of green buildings and regulations laid down by governments of various countries related to energy-efficient buildings. New offices, hotels, and hospitals are using glass insulation products as building materials.
“The Asia-Pacific region led the global glass insulation market”
The Asia-Pacific glass insulation market is projected to grow at the highest CAGR during the forecast period. This growth is mainly triggered by the increasing demand for glass insulation from applications, such as non-residential construction and residential construction. China, Japan, and India are the leading countries in the Asia-Pacific glass insulation market.
Profile break-up of primary participants for the report:
• By Designation — C level — 25%, Director level — 30%, and Others — 45%
• By Region — Asia-Pacific — 45%, North America– 30%, Europe — 20%, and RoW — 5%
As a part of qualitative analysis, this research study provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by different market players such as Owens Corning (U.S.), Nippon Sheet Glass Co. Ltd. (Japan), Johns Manville (U.S.), Knauf Insulation (U.S.), PPG Industries, Inc. (U.S.), Certain Teed Corporation (U.S.), Pittsburgh Corning Corporation (U.S.), Arabian Fiberglass Insulation Co., Ltd. (Saudi Arabia), Saint-Gobain ISOVER (U.S.), and Glassolutions Saint-Gobain (U.K.)
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• Glass Insulation Traders, Distributors, and Suppliers
• Manufacturers in End-use Industries
• Associations and Industry Bodies
Scope of the report: This research report categorizes the global Glass Insulation market on the basis of type, application and region; forecasting volumes and revenues as well as analyzing trends in each of these submarkets.
On the basis of type, the Glass Insulation market is segmented into:
• Insulating Glass Units
• Glass Wool
• Cellular Glass
On the basis of application, the Glass Insulation market is segmented into:
• Non-Residential Construction
• Residential Construction
• Others (OEM products, railways, automotive)
On the basis of region: the Glass Insulation market is segmented into:
• North America
• Middle East & Africa
• Latin America
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