Insulated Glass Market Size, Share & Trends Analysis Report By Application (Residential Construction, Non-residential Construction, Industrial), By Region, And Segment Forecasts, 2024 - 2030

Report Overview

The global insulated glass market size was valued at USD 88.6 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2030. Market growth worldwide is driven by factors government regulations and incentives fueling demand. Regulatory requirements for higher thermal insulation standards make insulated glass a crucial component for compliance, driving growth in energy-efficient building solutions.

The rising awareness of environmental sustainability has prompted both consumers and builders to seek eco-friendly building materials. Insulated glass contributes to reducing carbon footprints by improving energy efficiency, making it a preferred choice in new constructions and renovations. Moreover, innovations in glass manufacturing and technology, such as the development of smart glass and improved acoustic insulation features, are enhancing the performance of insulated glass products.

The increasing demand for energy-efficient building materials is also driven by urbanization and construction activities. Rapid urbanization and a boom in construction activities, especially in emerging economies, are driving the demand for insulated glass. As cities expand, the need for energy-efficient building materials becomes more pronounced. Furthermore, the growing need for acoustic insulation is also contributing to the demand for insulated glass, which effectively reduces sound transmission.

The market growth in residential and commercial sectors is also a significant driver of the insulated glass market. Both sectors are witnessing a surge in demand for insulated glass due to ongoing construction projects and renovations aimed at improving energy efficiency and comfort levels within buildings. Government initiatives promoting energy conservation, such as the European Union’s “Renovation Wave” initiative and tax incentives in the U.S., are also contributing to the growth of the insulated glass market. As countries invest in infrastructure development, insulating glass becomes a vital solution for creating sustainable and efficient structures.

Application Insights

Residential construction segment accounted for 54.8% of the total revenue generated in 2023, dominating the market, driven by the escalating demand for energy-efficient buildings. Homeowners seek to reduce energy costs and enhance comfort, making insulated glass a crucial component for minimizing heat transfer and improving thermal insulation. Government regulations, eco-friendly practices, and environmental awareness further fuel demand.

Non-residential construction is expected to register the fastest CAGR of 4.9% over the forecast period, owing to the demand for energy-efficient and sustainable buildings. Building owners and developers seek to reduce operating expenses and enhance occupant comfort, making insulated glass a crucial component for thermal insulation and energy efficiency. Stringent building codes and green certifications further boost adoption.

Regional Insights

Asia Pacific insulated glass market dominated the global market in 2023 with over 50.0% of the total revenue generated. The region’s dominance is attributable to rapid urbanization, infrastructure development, and government initiatives promoting green building practices in countries such as China, India, and Japan. Growing economies, globalization, and liberalization reforms drive investment in infrastructure and energy-efficient materials, making insulated glass a preferred choice for residential and commercial applications.

China Insulated Glass Market Trends

The insulated glass market in China dominated the Asia Pacific insulated glass market with a share of 38.4% in 2023. The growing middle class, increasing disposable incomes, and stringent energy regulations fuel demand for energy-efficient building materials. China’s established manufacturing base and global sustainability goals, including the UN’s 2050 zero carbon emission target, position the country as a key player in the market.

North America Insulated Glass Market Trends

North America insulated glass market held a significant share in the global market in 2023. Factors driving market growth in the region include increasing energy efficiency regulations, sustainable construction practices, and government initiatives promoting green building standards. The growing construction industry and residential/commercial projects also fuel demand. Favorable government initiatives and investments in sustainable growth and energy conservation further enhance the adoption of insulated glass solutions, solidifying North America’s leadership position in the market.

The insulated glass market in the U.S. is expected to grow substantially over the forecast period, driven by growing demand for energy-efficient buildings, stringent building codes, and high energy costs. Advancements in smart glass and acoustic insulation, combined with environmental awareness and sustainability initiatives, position the U.S. market as a global leader in the insulated glass industry.

Europe Insulated Glass Market Trends

Europe insulated glass market was identified as a lucrative region in this industry. Insulated glass solutions effectively reduce heat transfer between interior and exterior building spaces, enhancing thermal comfort and energy efficiency. In response to the Russia-Ukraine conflict, European countries are seeking alternative energy sources, and insulated glass is playing a crucial role in reducing household energy consumption, thereby mitigating reliance on gas imports.

The insulated glass market in the Germany is poised for significant growth over the forecast period, aided by the increasing demand for eco-friendly buildings and the government’s initiatives to reduce carbon emissions. Energy-efficient insulated glass minimizes heat transfer, meeting energy-saving goals. Smart glass technologies and improved acoustic insulation advancements, along with sustainability focus, drive adoption.

Key Companies & Market Share Insights

Some of the key companies in the Insulated glass market include AGC Inc.; Central Glass Co., Ltd.; Glas Trösch Holding AG (Euroglas); fuyaogroup.com; and Glaston Corporation; among others. Key players in the insulated glass market are leveraging strategic initiatives such as mergers, acquisitions, and partnerships to expand their customer base.

• AGC Inc. provides innovative solutions for energy efficiency and sustainability in construction, automotive, and electronics. Recognized for its advanced glass production technologies, AGC focuses on vacuum insulated glass, offering superior thermal insulation. Through research and development, strategic partnerships, and acquisitions, AGC establishes a strong global presence in eco-friendly building materials.

• Nippon Sheet Glass Co., Ltd is a manufacturer of glass products for architectural, automotive, and technical applications. Renowned for high-quality insulated glass units, the company prioritizes innovation and sustainability through significant research and development investments. With a global presence in Asia, Europe, and North America, Nippon Sheet Glass is a key player in the insulated glass industry.

Recent Developments

• In September 2024, Vitro Architectural Glass’s VacuMax Vacuum Insulating Glass (VIG) received the 2024 Best of Products Award from The Architect’s Newspaper for its innovation, aesthetics, performance, and value.

• In April 2024, AGC Inc. acquired its first EPD for domestically manufactured and sold architectural glass at its Kashima plant, marking a significant milestone.

• In March 2024, Şişecam announced the completion of its largest glass production complex in Eskişehir, Turkey, with a consolidated capacity of approximately 1 million tons, following investments of USD 174 million.

Insulated Glass Market Report Scope

Global Insulated Glass Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global insulated glass market report based on application and region.

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Non-Residential Construction

  • Residential Construction

  • Industrial

  • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • Russia

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

  • Latin America

    • Brazil

    • Argentina

  • Middle East and Africa (MEA)

    • Saudi Arabia

    • UAE

    • South Africa