GITNUX MARKETDATA REPORT 2024

Insulating Glass Industry Statistics

The insulating glass industry is experiencing steady growth with an increasing demand for energy-efficient windows and doors.

Highlights: Insulating Glass Industry Statistics

  • Global insulating glass market size was USD 2.77 billion in 2017.
  • The insulating glass market is projected to reach USD 3.71 billion by 2026.
  • Insulating glass units (IGUs) held over 40% market share in 2017.
  • China leads the global market by installing insulating glass in over 40% of its high-rise buildings.
  • North America's insulating glass market accounted for 35.7% of the global market in 2017.
  • The insulating glass industry is expected to grow at a CAGR of 4.8% from 2019 to 2026.
  • Europe's insulating glass market was valued at USD 991.0 million in 2017.
  • Over 70% of insulating glass is used in the residential sector.
  • Triple glazing products are expected to grow at the highest CAGR of 5.6% from 2019 to 2026.
  • The commercial sector was the second-largest consumer of insulating glass, accounting for 35% in 2017.
  • The automotive insulating glass segment is projected to grow at a CAGR of 5.4% during 2019-2026.
  • Insulating glass units had a market share of over 55% in 2019.
  • Insulating glass market value in North America will surpass USD 1 billion by 2026.
  • Asia Pacific represents the fastest-growing region for the insulating glass industry with an estimated CAGR of 6.39% during 2020-2027.
  • UK's insulating glass market was valued at USD 282.6 million in 2019.
  • Non-residential segment occupies nearly 45% of the US insulating glass market.
  • The Middle East and Africa region insulating glass market is expected to grow by 5.2% CAGR from 2018-2023.
  • The insulating glass demand for non-residential construction in the U.S. was valued at over 550 million US dollars in 2020.

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The Latest Insulating Glass Industry Statistics Explained

Global insulating glass market size was USD 2.77 billion in 2017.

The statistic indicates that the global insulating glass market was valued at USD 2.77 billion in 2017. This figure represents the total revenue generated by the insulating glass industry worldwide during that particular year. Insulating glass refers to a type of glass made up of two or more panes separated by a space filled with air or gas, providing improved thermal insulation and energy efficiency. The market size suggests the economic importance and scale of the insulating glass industry, and may be used by stakeholders such as manufacturers, investors, and policymakers to understand the market’s current state and potential for growth in the future.

The insulating glass market is projected to reach USD 3.71 billion by 2026.

The statistic indicates a projection for the insulating glass market to achieve a total value of USD 3.71 billion by the year 2026. This figure represents the expected total revenue generated by the insulating glass industry, which is used in construction for enhancing energy efficiency by reducing heat transfer through windows. The projected growth reflects increasing demand for energy-efficient building materials and advancements in construction technologies. This statistic is valuable for stakeholders in the insulating glass market, including manufacturers, suppliers, and investors, as it signals future opportunities and potential for expansion within the industry.

Insulating glass units (IGUs) held over 40% market share in 2017.

The statistic suggests that Insulating Glass Units (IGUs) were a dominant player in the market in 2017, holding a market share of over 40%. This indicates that IGUs, which are double or triple glass panes separated by a spacer and sealed, were the preferred choice for consumers or industry professionals seeking energy-efficient solutions for windows and doors during that time. The high market share of IGUs implies that they were perceived as effective in providing insulation, reducing energy costs, and enhancing overall comfort and sustainability in buildings. This statistic highlights the strong presence and popularity of IGUs within the construction and building materials industry in 2017.

China leads the global market by installing insulating glass in over 40% of its high-rise buildings.

The statistic indicates that China is the worldwide leader in the adoption of insulating glass technology for high-rise buildings, with over 40% of such buildings in the country incorporating this energy-efficient solution. Insulating glass is designed to improve thermal insulation and reduce energy consumption by minimizing heat transfer and enhancing the building’s overall energy efficiency. By embracing this technology on a large scale, China is demonstrating a proactive approach towards sustainable construction practices and addressing climate change concerns. This statistic not only reflects China’s commitment to environmental conservation but also highlights its leadership in leveraging innovative solutions to create more sustainable and energy-efficient urban environments.

North America’s insulating glass market accounted for 35.7% of the global market in 2017.

This statistic indicates that in 2017, North America held a notable share of the global insulating glass market, contributing to 35.7% of the total market size. This suggests that North America plays a significant role in the insulating glass industry, with a substantial portion of global demand and consumption originating from the region. Factors such as infrastructure development, construction activities, energy efficiency standards, and consumer preferences likely influence this market share. Understanding North America’s position in the global insulating glass market can provide insights into regional trends, competitive dynamics, and potential growth opportunities for industry stakeholders operating within or targeting this market segment.

The insulating glass industry is expected to grow at a CAGR of 4.8% from 2019 to 2026.

This statistic indicates that the insulating glass industry is projected to experience a Compound Annual Growth Rate (CAGR) of 4.8% from 2019 to 2026. A CAGR is a measure of the annual growth rate of an investment over a specified period of time. In this context, it suggests that the insulating glass industry is anticipated to grow steadily at an average annual rate of 4.8% during the specified time frame. This forecast implies a positive outlook for the industry, as it signifies an increasing demand for insulating glass products and services over the next several years, potentially driven by factors such as sustainable building practices, energy efficiency regulations, and technological advancements in the field.

Europe’s insulating glass market was valued at USD 991.0 million in 2017.

The statistic “Europe’s insulating glass market was valued at USD 991.0 million in 2017” indicates the total monetary worth of insulating glass products sold in Europe during the year 2017. This value includes all sales revenues related to insulating glass products such as windows and doors designed to improve energy efficiency and reduce heat loss. The USD 991.0 million figure serves as a measure of the market size and economic activity within the insulating glass industry in Europe specifically for the year 2017, providing insight into the level of demand for such products in the region during that period.

Over 70% of insulating glass is used in the residential sector.

The statistic “Over 70% of insulating glass is used in the residential sector” indicates that a significant majority of insulating glass products are utilized in residential buildings rather than commercial or industrial entities. This suggests that residential construction or renovation projects are the primary drivers of demand for insulating glass, likely due to the growing emphasis on energy efficiency and sustainability in the housing sector. The preference for insulating glass in residential applications may be driven by the desire to reduce energy costs, improve overall comfort levels, and enhance environmental performance. This statistic underscores the importance of the residential sector in shaping the market for insulating glass products.

Triple glazing products are expected to grow at the highest CAGR of 5.6% from 2019 to 2026.

The statistic indicates that the market for triple glazing products is projected to experience rapid growth from 2019 to 2026, with a compound annual growth rate (CAGR) of 5.6%. This suggests a significant increase in demand for triple glazing products over the forecasted period, likely driven by factors such as increasing awareness of energy efficiency, rising adoption of sustainable building practices, and advancements in technology leading to more efficient and cost-effective triple glazing solutions. The high CAGR of 5.6% highlights the strong potential for growth in the triple glazing market, making it an attractive segment for businesses and investors looking to capitalize on this trend.

The commercial sector was the second-largest consumer of insulating glass, accounting for 35% in 2017.

The statistic indicates that in 2017, the commercial sector was the second-largest user of insulating glass. Specifically, they accounted for 35% of the total consumption of insulating glass. This suggests that a significant portion of insulating glass products were utilized by commercial entities such as office buildings, retail establishments, and other non-residential structures. The high demand for insulating glass within the commercial sector could be attributed to its energy-efficient properties, which can help reduce heating and cooling costs for large commercial buildings. Overall, this statistic highlights the importance of insulating glass in enhancing energy efficiency and sustainability within the commercial sector.

The automotive insulating glass segment is projected to grow at a CAGR of 5.4% during 2019-2026.

This statistic indicates that the automotive insulating glass segment is expected to experience a Compound Annual Growth Rate (CAGR) of 5.4% between the years 2019 and 2026. This means that the market for automotive insulating glass is projected to steadily increase at an annual rate of 5.4% over this time period. The CAGR is a useful metric for understanding the growth rate of a market segment over multiple years, providing insights into the potential expansion and opportunities within the industry. This forecast suggests that there is expected growth and demand in the automotive insulating glass sector in the coming years.

Insulating glass units had a market share of over 55% in 2019.

The statistic “Insulating glass units had a market share of over 55% in 2019” indicates that insulating glass units, also known as double glazing, were the dominant product in the market for glass units in 2019, capturing more than half of the market share. This suggests high demand and popularity for insulating glass units among consumers and businesses seeking energy-efficient, noise-reducing, and sustainable building materials. The significant market share held by insulating glass units highlights their effectiveness and acceptance in the industry, possibly driven by their proven benefits and cost-effectiveness compared to other types of glass units available in the market.

Insulating glass market value in North America will surpass USD 1 billion by 2026.

The statistic indicates that the market value of insulating glass within North America is expected to exceed USD 1 billion by the year 2026. This suggests a significant growth and expansion within the insulating glass industry, driven by factors such as increasing demand for energy-efficient building materials, regulations promoting sustainable construction practices, and improvements in technology. The prediction of surpassing the USD 1 billion mark signifies the potential for robust market growth and opportunities for businesses operating within the insulating glass sector in North America.

Asia Pacific represents the fastest-growing region for the insulating glass industry with an estimated CAGR of 6.39% during 2020-2027.

The statistic suggests that the Asia Pacific region is experiencing significant growth in the insulating glass industry, as evidenced by a compound annual growth rate (CAGR) of 6.39% projected for the period spanning 2020 to 2027. This indicates that the demand for insulating glass products, which are used for thermal insulation and energy efficiency in buildings, is on the rise in the Asia Pacific region. Factors such as increasing construction activities, infrastructure development, and a growing focus on sustainable building practices are likely driving this growth. The statistic implies that businesses operating in the insulating glass industry may find lucrative opportunities in the Asia Pacific market and should consider expanding or entering this region to capitalize on its growth potential.

UK’s insulating glass market was valued at USD 282.6 million in 2019.

The statistic indicates that the insulating glass market in the UK was estimated to be worth USD 282.6 million in the year 2019. This value represents the total revenue generated from the sale of insulating glass products within the UK during that time period. Insulating glass, commonly used in windows and other building structures, is designed to improve energy efficiency by reducing heat transfer between the interior and exterior environments. The market value of USD 282.6 million suggests that there is a significant demand for insulating glass products in the UK, likely driven by factors such as energy-efficiency regulations, construction activity, and consumer preferences for environmentally-friendly building materials.

Non-residential segment occupies nearly 45% of the US insulating glass market.

The statistic indicates that the non-residential segment, which includes commercial buildings, industrial facilities, and other non-residential structures, accounts for almost half (approximately 45%) of the insulating glass market in the United States. This suggests that a significant portion of the demand for insulating glass products comes from the non-residential sector, highlighting the importance of energy-efficient and high-performance glazing solutions in commercial and industrial applications. The prominence of the non-residential segment in the insulating glass market reflects the growing emphasis on energy conservation and environmental sustainability in the construction industry, as these types of buildings often have larger window areas and higher energy consumption compared to residential structures.

The Middle East and Africa region insulating glass market is expected to grow by 5.2% CAGR from 2018-2023.

The statistic indicates that the insulating glass market in the Middle East and Africa region is projected to experience a compound annual growth rate (CAGR) of 5.2% over the period from 2018 to 2023. This suggests a steady and relatively strong growth trajectory in the demand for insulating glass products in this region over the specified timeframe. Factors such as increasing construction activities, rising awareness about energy efficiency, and advancements in construction technologies may be driving this growth. The statistic implies an optimistic outlook for the insulating glass market in the Middle East and Africa, highlighting potential opportunities for industry players and indicating a positive trend in the market dynamics.

The insulating glass demand for non-residential construction in the U.S. was valued at over 550 million US dollars in 2020.

The statistic indicates that in 2020, the market demand for insulating glass specifically for non-residential construction projects in the United States exceeded 550 million US dollars. This figure highlights the substantial financial investment made in insulating glass products for commercial, industrial, and institutional buildings across the country during that year. The demand for insulating glass can be attributed to the focus on energy efficiency, sustainability, and overall performance in non-residential construction projects. This statistic demonstrates a significant market size and a strong demand for insulating glass within the commercial construction sector in the U.S.

References

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How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

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