The energy efficient glass market is projected to register a CAGR of 5.0% between 2018 and 2023
NEW YORK, Sept. 12, 2018 /PRNewswire/ -- The energy efficient glass market is projected to register a CAGR of 5.0% between 2018 and 2023.
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The global energy efficient glass market is estimated to be USD 25.11 billion in 2018 and is projected to reach USD 32.02 billion by 2023, at a CAGR of 5.0% between 2018 and 2023. The increasing urbanization, growing population, and new construction activities are expected to fuel the growth of the building & construction industry, which, in turn, is expected to drive the energy efficient glass market. However, the lack of access to raw materials, promotion of recycling, and management of chemicals responsibly are the challenging factors for the growth of the energy efficient glass market.
Hard coat, the fastest-growing coating type of energy efficient glass
The hard coated energy efficient glass market is projected to register the highest CAGR during the forecast period. The high demand for hard coated energy efficient glass in APAC, especially in India and the ASEAN countries due to its excellent low-E properties is expected to drive the growth of the segment.
Triple glazing, the largest segment of the energy efficient glass market
Triple glazing energy efficient glass is projected to be the largest segment of the market.Stringent regulations globally for energy conservation in the building & construction industry have compelled the contractors to use high energy efficient products.
This, in turn, is expected to drive the growth of the triple glazing energy efficient glass segment.
APAC to be the largest energy efficient glass market
The APAC energy efficient glass market is projected to register the highest CAGR between 2018 and 2023.This high growth is attributed to the increased use of energy efficient glass in the building & construction, automotive, and solar panel industries.
Moreover, the presence of key manufacturers of energy efficient glass in the region along with the increased demand for energy efficient glass in various end-use industries is expected to fuel the growth of the APAC energy efficient glass market during the forecast period.
Breakdown of profiles of primary interviews for the report on the energy efficient glass market
• By Company Type – Tier 1 – 45%, Tier 2 –22%, and Tier 3 – 33%
• By Designation – C Level – 50%, Director Level – 10%, and Others – 40%
• By Region – Europe – 50%, APAC– 31%, North America – 13%, and RoW – 6%
Some of the key companies profiled in this report such as Saint-Gobain S.A. (France), Nippon Sheet Glass Co., Ltd. (Japan), AGC Inc. (Japan), SCHOTT AG (Germany), Guardian Glass, LLC. (US), Sisecam Group (Turkey), and Vitro Architectural Glass (US) are the leading energy efficient glass manufacturers, globally.
Research Coverage:
The report covers the energy efficient glass market on the basis of coating, glazing, end-use industry, and region.This report aims at estimating the size and future growth potential of the energy efficient glass market across various segmentation types.
The report also includes an in-depth competitive analysis of the key market players along with their profiles and key growth strategies.
Key Benefits of Buying the Report
From an insight perspective, this report has been focusing on various levels of analyses, which include industry analysis (industry trends) and company profiles. These insights together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the energy efficient glass market, high-growth regions, and drivers, restraints, opportunities, and challenges in the energy efficient glass market.
The report provides insights on the following pointers:
• Market Penetration: A comprehensive information on energy efficient glass offered by top players operating in the energy efficient glass market.
• Product Development/Innovation: A detailed insight into upcoming technologies, R&D activities, and new applications in the energy efficient glass market.
• Market Development: A comprehensive information about the lucrative and emerging markets. The report analyzes the markets for energy efficient glass across different regions.
• Market Diversification: An exhaustive information about new products, untapped geographies, recent developments, and investments in the energy efficient glass market.
• Competitive Assessment: An in-depth assessment of strategies, products, and manufacturing capabilities of leading players in the energy efficient glass market.
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