Nov 19, 2020   SOURCE: BusinessWire

Global Insulating Glass Window (Residential, Commercial) Market 2020-2025: Increasing Demand for Non-Hazardous, Green, and Sustainable Adhesives for Glass Windows - ResearchAndMarkets.com

The "Global Insulating Glass Window Market by End-use (Residential, Commercial), Spacer Type (Aluminum, Stainless Steel, Intercept, 4SG Thermoplastic, Others), Sealant (Silicone, Polysulfide, Polyurethane, Hot-melt Butyl, Others) and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global insulating glass window market is projected to grow from USD 12.8 billion in 2020 to USD 16.2 billion by 2025, at a CAGR of 4.8% from 2020 to 2025.

The key factors for the growth of the insulating glass window market such as optimal energy saving performance of insulating glass windows, the growing construction industry in regions like the Middle East and Asia-Pacific, and the rising demand for value added glass products are driving factors for growth of insulating glass window market.

Nowadays, a triple-paned window system or IGU is being used in residential construction, which is estimated to have an R-value of about 5. There are also other variants in insulating glass windows that are incorporated in residential construction, such as Low-E insulating glass windows and dual-seal silicone insulating glass windows. These factors are expected to drive the insulating glass window growth in the residential end use segment.

"Other spacers are estimated to lead the insulating glass window market, by spacer type in terms of value during the forecast period"

By spacer type, other spacers are estimated to be the largest segment in insulating glass window market in 2020. The other spacers considered in this report are silicone spacers, structural foam spacers, composite spacers, and warm edge spacers. These spacers fall under the non-metal spacers category and offer the primary benefit of thermal efficiency for insulating glass windows. This factor is estimated to drive the growth of other spacer segment in the insulating glass window market during the forecast period.

"Silicone sealant segment is estimated to dominate the insulating glass window market"

By sealant type, silicone is estimated to be dominate the global insulating glass window market. The unique combination of organic and inorganic chemistries in silicone sealants to form stable organic-like materials exhibiting excellent chemical structure and inherent properties makes these sealants applicable for various applications such as, in insulating glass windows, including as a sealant, sealant for structural glazing, waterproofing sealant in insulating glass window or IGUs, and sealant in gas-filled insulating glass windows. These factors are driving the demand for silicone sealant in insulating glass window market.

"Asia-Pacific insulating glass window market is projected to grow at the highest CAGR during the forecast period, in terms of value"

Asia-Pacific is projected to be the fastest-growing market for insulating glass window during the forecast period. Growing demand for insulating glass window due to the increasing investments in the commercial construction sector, as well as government initiatives that support the use of insulating glass windows in commercial buildings. Furthermore, the presence of leading insulating glass window manufacturers is expected to drive the insulating glass window market in the region.

Market Dynamics

Drivers

  • Optimal Energy-Saving Performance
  • Growth in Construction Industry
  • Rising Demand for Value-Added Glass Products

Restraints

  • Higher Cost of Glass Bonding Adhesives Than Conventional Adhesives
  • Lack of Awareness About Insulation Products

Opportunities

  • Increasing Demand for Non-Hazardous, Green, and Sustainable Adhesives for Glass Windows
  • Creating Awareness Regarding Benefits of Glass Bonding Adhesives

Challenges

  • Use of Energy-Efficient Manufacturing Techniques

Companies Mentioned

  • AGC Inc.
  • Beijing Hanjiang Automatic Glass Machinery Equipment Co. Ltd.
  • Cardinal Glass Industries
  • Central Glass Co. Ltd.
  • Compagnie de Saint-Gobain SA
  • Dymax Corporation
  • Eco Glass
  • Glaston Corporation
  • Guardian Glass
  • H.B. Fuller
  • Henkel AG & Co. KGaA
  • Internorm International GmbH
  • Ittihad Insulating Glass Co.
  • JE Berkowitz (JEB)
  • Migo Glass Co. Ltd.
  • Nippon Sheet Glass Co. Ltd.
  • Oyade Sealant Industry Co. Ltd.
  • Shenzhen Jimy Glass Co. Ltd.
  • Sika AG
  • Strathclyde Insulating Glass Ltd.
  • The 3M Company
  • Viracon
  • Vitro Architectural Glass
  • Yongan Adhesive Industry Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/jr3ulo