Energy Efficient Glass Market Size to surge at 4.3% CAGR and Hit 36.91 Billion by 2027

(MENAFN - iCrowdNewsWire) Energy Efficient Glass Market Size to surge at 4.3% CAGR and Hit 36.91 Billion by 2027

Energy Efficient Glass Market

Energy efficient glasses are useful for solar and thermal insulation. These glasses conform with all International and National Green Standards and therefor are a viable choice for sustainable construction. Properties like U-value, solar factor, visual light transmission, and internal reflection allow for use in sustainable buildings.

Key Players Profiled in the Report are:

Nippon Sheet Glass, Kaphs SA, Sisecam Group, Saint-Gobain, Vitro Architectural Glasses, AGC, Metro Performance Glass, Schott AG, Morley Glass & Glazing, and Guardian, among others.

Market Drivers

The energy efficient glass market accounted for USD 26.25 billion in 2019 and is anticipated to reach USD 36.91 Billion in 2027 growing at a CAGR of 4.3%. The energy efficient glass market witnesses robust demand owed to the increase in demand from automotive, building & construction, and solar panels. Factors like growing demand for green buildings, rising demand for smart glass, and an increase in global solar capacity fuel the demand in the market.

Coating Type Outlook (Revenue, USD Billion; 2017-2027)

Soft Coat

Hard Coat

Glazing Type Outlook (Revenue, USD Billion; 2017-2027)

Single Glazing

Double Glazing

Triple Glazing

Application Outlook (Revenue, USD Billion; 2017-2027)

Building & Construction

Automotive

Solar Panels

Others

Key Objectives of the Energy Efficient Glass Market Report:

Analysis and forecast of the Global Energy Efficient Glass Market by segmentation of the market

Analysis of various macro and micro-economic factors influencing the growth of the market

Extensive SWOT analysis and Porter's Five Forces analysis to offer a detailed view of the competitive landscape

Insights into drivers, restraints, opportunities, limitations, threats, and challenges

Analysis of the key players operating in the industry

Strategic recommendations to the new entrants pertaining to entry-level barriers and to established players for formulating fruitful business plans

Regional Outlook

On the basis of region, Europe emerged as the largest market with a share of over 43% of the global energy efficient glass market in 2019.The demand in Europe is due to the stringent government regulations' imposition for upholding sustainable renovations measures. The Asia Pacific region is anticipated to grow at a faster rate during the period 2020-2027 due to a growth in the construction of commercial and residential buildings and an increase in the level of disposable income of consumers.