Global Glazing Market - 2023-2030

Overview

Global Glazing Market reached US$ 11.9 billion in 2022 and is expected to reach US$ 20.1 billion by 2030, growing with a CAGR of 6.9% during the forecast period 2023-2030.

The glass and frames in windows, outside doors, skylights or glazing, have a big impact on their ability to conduct heat. Buildings can lose up to 40% of their heating energy and gain up to 87% of their heat through windows. An important investment in the quality of the home is glazing. The price of glazing is directly correlated with the price of heating and cooling a home.

The annual heating and cooling costs can be significantly decreased with a little initial investment in energy-efficient windows, skylights and doors. The peak heating and cooling load is also decreased by energy-efficient glass, which can lower the size of an air-conditioning system required by 30% and result in additional cost savings.

Innovation is at the core of the glazing industry, with ongoing advancements ranging from smart glass technologies capable of real-time adjustments to self-cleaning coatings that enhance both the visual appeal and energy performance of structures. The innovations reflect the industry's commitment to addressing contemporary challenges and evolving consumer preferences.

Europe dominates the market, capturing the largest market share of over 1/3rd. Many European countries offer financial incentives, grants or tax benefits to encourage energy-efficient building practices, including the installation of advanced glazing solutions. The incentives play a crucial role in stimulating demand for glazing products.

Dynamics

Rising Demand for Energy-Efficient Solutions

Low-E glass and insulated glass units are examples of energy-efficient glazing components that are specially designed to reduce heat transfer between a building's interior and exterior. Homeowners can cut these expenses for energy by 15% to 20% by replacing energy-efficient windows. Both individuals and organizations will benefit financially from these savings.

The significance of environmental sustainability and growing climate change concerns have increased the focus on carbon footprint reduction. Various nation's governments are taking initiatives to reduce the emission of carbon dioxide. It demonstrates the significant positive effect on the environment that energy-efficient windows may have.

Governments globally have introduced regulations and incentives to promote energy-efficient construction practices. For instance, in U.S., the Energy Star program sets performance standards for windows and provides incentives for consumers to choose energy-efficient products. The programs encourage the adoption of energy-efficient glazing solutions.

Increased Demand for Glazing in the Construction Industry

The expanding global populace and swift urbanization have increased the demand for commercial space, housing and infrastructure. The need for glass items, including doors, doors windows and building facades, has increased as cities grow and new constructions pop up. Contemporary architectural trends often favor the use of glass for aesthetic purposes, offering sleek and modern designs that enhance natural lighting and visual appeal. Large glass panels and curtain walls have become popular choices in both residential and commercial construction.

In addition to new construction, renovation and retrofitting projects are also contributing to the demand for glazing products. Many older buildings are being updated with energy-efficient windows and modern glazing solutions to improve functionality and aesthetics. Government initiatives and infrastructure spending in various regions are boosting construction activities. For instance, the European Union's NextGenerationEU plan includes significant investments in building renovation and energy efficiency, which will drive demand for glazing.

Technological Advancements

One of the key technological advancements in the glazing market is the development of smart glazing solutions. The products can dynamically control light transmission, heat absorption and privacy levels. For instance, electrochromic windows can change their tint based on external conditions and user preferences.

Technological innovations have led to the creation of energy-efficient glazing products, including low-E (low emissivity) glass, vacuum glazing and advanced coatings. The innovations aid in overall sustainable energy objectives by reducing the price of cooling and heating. Constructions are responsible for 40% of primary energy use and 36% of all CO2 emissions, according to the European Union. The achievement of carbon neutrality by 2050 depends critically on increasing energy efficiency and upgrading to smart buildings constitutes a way to do it.

Smart glazing solutions are one of several cutting-edge alternatives available to manufacturers for creating smart buildings, which can help both new and old structures become more energy-efficient. Windows, skylights, facades and curtain walls become more contemporary, energy-efficient and adaptable thanks to smart glass's unique ability to modify the transparency of the glass by switching between clear and translucent in a split second.

Regulatory Challenges

Building codes and standards for glazing products have become increasingly complex and stringent over time. Regulations governing aspects such as energy efficiency, safety and environmental performance have evolved, making compliance more challenging. It complexity can slow down the product development process and increase compliance costs for manufacturers.

Environmental regulations and sustainability requirements are a growing concern. For instance, in Europe, the Construction Products Regulation (CPR) mandates that glass products used in construction projects meet specific environmental performance criteria, such as reduced carbon emissions. Compliance with these standards can necessitate changes in manufacturing processes and materials, impacting product costs.

Many regions have implemented energy efficiency mandates that impact glazing products, particularly in terms of U-values (thermal transmittance) and Solar Heat Gain Coefficients (SHGC). Meeting these requirements may require the development of new, energy-efficient glazing technologies, which can be time-consuming and costly.

High Initial Costs

Energy-efficient and technologically advanced glazing products, such as low-E glass, smart windows or vacuum glazing, often come at a premium compared to standard glazing options. The cost differential can be substantial, with energy-efficient glazing products potentially costing 10% to 30% more upfront.

High initial costs can deter homeowners and building owners from adopting advanced glazing technologies. According to a survey by the National Association of Home Builders (NAHB), cost was the most significant barrier to incorporating energy-efficient windows in residential construction projects. The study found that 73% of builders considered high initial costs a major obstacle.

Segment Analysis

The global glazing market is segmented based on type, material, application, end-user and region.

Increase in Demand for Double Glazing

Double glazing consists of two glass panes separated by a sealed airspace, creating an insulating barrier. The segment has since taken up more than 1/3 of the market owing to the numerous advantages of this design, which reduces heat transfer between a building's interior and exterior. In accordance with U.S. Department of Energy, double glazing may reduce the loss of heat via glass by 25% to 50%. It translates into lower heating and cooling costs for homeowners and businesses, contributing to long-term energy savings.

Improved insulation provided by double glazing helps maintain consistent indoor temperatures, reducing drafts and cold spots near windows. It enhances occupant comfort and reduces the need for temperature adjustments. The demand for environmentally sustainable building solutions has been on the rise. Double glazing aligns with sustainability goals by reducing energy consumption, which, in turn, leads to lower carbon emissions. It aspect has gained importance globally as countries strive to mitigate climate change.

In U.S., the Energy Star program promotes energy-efficient products, including double glazing. According to the program, replacing single-pane windows with Energy Star-certified double glazing can save homeowners an estimated US$126 to US$465 annually, which in turn, the demand for double glazing got increased.

Internationally, green building certifications such as LEED (Leadership in Energy and Environmental Design) and BREEAM (Building Research Establishment Environmental Assessment Method) prioritize the use of energy-efficient glazing products, driving demand for double glazing.

Geographical Penetration

Energy-Efficient Construction

The European glazing market held the largest market share of 41.3% in 2022 in the glazing market analysis. Europe has been at the forefront of energy efficiency initiatives and this directly impacts the demand for glazing products.

The European Union (EU) introduced the Energy Performance of Buildings Directive (EPBD) to promote energy-efficient construction. Glazing products, particularly those with low U-values and high energy performance, are essential for compliance with these regulations. Environmental sustainability is a key driver in the European glazing market. Green building techniques are in demand as a component of the campaign against climate change and the lowering of carbon emissions.

If the European Commission's objective of a decrease in greenhouse gases of at least 55% by 2030 is to be accomplished, the consumption of building energy and associated emissions must be significantly decreased. Since high-performance glazed materials can help buildings to save up to 37% of their total energy usage by 2050, the flat glass industry will be essential in the transition to zero-emission building stock.

Many European countries offer financial incentives, grants or tax benefits to encourage energy-efficient building practices, including the installation of advanced glazing solutions. The incentives play a crucial role in stimulating demand for glazing products. Europe's diverse climate conditions, from cold northern regions to Mediterranean climates, influence the demand for glazing products tailored to specific climate needs. It includes glazing with enhanced thermal insulation for colder climates and solar control features for sunnier regions.

Competitive Landscape

The major global players in the market include: Asahi Glass Co., Ltd., Saint-Gobain S.A., Nippon Sheet Glass Co., Ltd., AGC Inc., Guardian Industries, Central Glass Co., Ltd., Pilkington Group Limited, Vitro, S.A.B. de C.V., Schott AG and Sisecam Group.

COVID-19 Impact Analysis

The emergence of COVID-19 has decelerated glazing market growth, however, due to the lift of the lockdown, markets are slowly gaining traction. The sudden rise in CAGR is attributable to the glazing market's demand and growth, returning to the pre-pandemic level once the pandemic is over. Most industrial operations have been shut down as a result of the COVID-19 pandemic's spread and the demand for glazing products has been significantly impacted. Its numerous end-user industries have experienced a decline as a result.

Russia-Ukraine War Impact Analysis:

Instability caused by war influences energy prices, which can affect the production costs of glass and glazing products, especially those designed for energy efficiency. High energy prices can make energy-efficient glazing less cost-effective for consumers. Trade disruptions and restrictions imposed on Russia and Ukraine can affect the export and import of glazing products. Companies relying on these markets for sales or sourcing materials need to adapt their strategies.

Geopolitical conflicts can have ripple effects on the global economy, which can, in turn, affect consumer spending, construction activity and investments in various regions. The economic factors can indirectly influence the glazing market. Glass has been one of the industries most negatively impacted by the war. 23 countries on the continent are home to 162 glass manufacturing facilities, all of which are fuel-injected and must run continuously.

By Type

• Single Glazing
• Double Glazing
• Triple Glazing

By Material

• Insulated Glass
• Laminated Glass
• Tempered Glass
• Low-E (Low Emissivity) Glass
• Reflective Glass
• Wired Glass
• Tinted Glass
• Others

By Application

• Facades
• Windows
• Roof Glazing
• Interior Glass
• Automotive Windshields and Windows
• Others

By End-User

• Residential
• Commercial
• Industrial
• Automotive

By Region

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific

• Middle East and Africa

Key Developments

• On January 18, 2023, the latest addition to the SLIMPACT frameless impact glazing lineup was announced by SLIMPACT by Faour Glass Technologies, a leading supplier of specialized architectural glazing systems for high-end industries. With Allowable Design Pressures up to +/-90 PSF and a 3-sided steel portal structure with a single or paired door option, the SLIMPACT Portal is a specially designed product.
• On March 23, 2023, the launch of Vitro X Innovation Partnerships, a new strategic collaboration program aimed at finding and creating innovative solutions to current and upcoming difficulties in the glass industry, was announced by Vitro Architectural Glass. Vitro is also unveiling its first collaboration under the program with AERAS, a startup that specializes in cutting-edge drone applications.
• On September 1, 2023, a company providing manufacturing services for smartphones, Optiemus Infracom, announced a joint venture with Corning International Corporation, the world's largest supplier of smartphone glass, to establish India's first factory for producing finished, high-quality smartphone cover glass.

Why Purchase the Report?

• To visualize the global glazing market segmentation based on type, material, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of glazing market-level with all segments.
• The PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global glazing market report would provide approximately 69 tables, 76 figures and 208 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies