Portland, OR, Feb. 20, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global double glazing glass market generated $11.7 billion in 2021, and is estimated to reach $22.3 billion by 2031, witnessing a CAGR of 6.8% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $11.7 Billion |
| Market Size in 2031 | $22.3 Billion |
| CAGR | 6.8% |
| No. of Pages in Report | 533 |
| Segments Covered | Thickness, Application, End-Use Industry, and Region |
| Drivers | Rising demand for double-glazing glass in windows and door and façade applications |
| Increase in demand for double-glazing glass in the construction & infrastructure sector due to its improved energy-saving performance | |
| Benefits offered by double glazing glass such as increased security, reduced noise transmission, protection from UV, upgraded energy efficiency and improved thermal & acoustic properties | |
| Opportunities | Increase in building and construction in emerging economies and more stringent government regulations |
| Rising R&D activities | |
| Technological advancements in manufacturing processes | |
| Restraints | A lack of awareness and knowledge regarding the benefits of double glazing glass among consumers |
Covid-19 Scenario:
- The outbreak of the COVID-19 pandemic had a negative impact on the double glazing glass market due to less demand from the construction and infrastructure sector. This is owing to the disruption in the supply chain, leading to delay in the arrival of raw materials, disrupted financial flows, and growing absenteeism among the workforce on the production line.
- This compelled construction & infrastructure companies to operate at zero or partial capacities. Europe and North America were the most severely affected regions during the pandemic.
- However, the market has recovered post the pandemic.
The report offers a detailed segmentation of the global double glazing glass market based on thickness, application, end-use industry, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on thickness, the more than 12mm segment held the largest share in 2021, accounting for more than three-fifths of the global double glazing glass market and would rule the roost through 2031. The same segment is estimated to witness the fastest CAGR of 6.9% during the forecast period. The report also studies the less than 10mm and 10mm to 12mm segments.
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In terms of application, the window and door segment captured the largest market share of nearly three-fifths of the global double glazing glass market in 2021 and is expected to lead the trail during the forecast period. The same segment is likely to achieve the fastest CAGR of 6.9% through 2031. The report also studies the façade segment.
In terms of end-use industry, the residential segment captured the largest market share of more than two-fifths of the global double glazing glass market in 2021 and is expected to show a noteworthy revenue growth during the forecast period. The same segment is likely to achieve the fastest CAGR of 7.0% through 2031. The report also studies the commercial and industrial segments.
Based on region, the market in Europe was the largest in 2021, accounting for over one-third of the global double glazing glass market in 2021 and is expected to dominate the market in terms of revenue in 2031. The same market would manifest the highest CAGR of 7.1% from 2022 to 2031. The other regions analyzed in the study include Asia-Pacific, North America and LAMEA.
Leading players of the global double glazing glass market analyzed in the research include Abbey Glass, CN Glass Limited, Shenzhen Sun Global Glass Co., Ltd., TAMCO Gulf Ltd., Metro Performance Glass, Glass & Glazing Systems Pvt. Ltd., Royal Tough Glass Works, Chevron Glass Pty. Ltd., Clayton Glass Ltd., and Weather beater Windows.
The report analyzes these key players of the global double glazing glass market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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