Published on: May 2022
Exploring the global market of Low-E Glass
From USD 24.07 billion in 2020 to USD 30.27 billion in 2028, the global Low E Glass Market is expected to increase at a CAGR of 3.3 percent. Low-E (low emissivity) glass is widely utilized in both residential and commercial construction. It contains a low-emissivity coating that reflects long-wave infrared light, reducing heat gain or loss. It is a unique and cost-effective method for conserving energy in buildings in various climates.
Key market segmentation of Low-E Glass
Windows are commonly recognised as one of the least energy-efficient building components. Energy-efficient windows are one of the current popular notions as a result of these growing technologies. Several attempts to produce energy-efficient vehicles and buildings are being undertaken as a result of increased efforts to reduce individual energy consumption. The key drivers of market demand are conscious attempts to preserve energy in the home and commercial sectors. It is critical to the window's performance in terms of providing a "thermal barrier" to prevent energy loss. Not only in the winter, but also in the summer, this glass helps to reduce heat gain, resulting in less use of air conditioners. However, high costs and the risk of overheating are major roadblocks to the industry's expansion.
Type Outlook:
There are three types of E-glass in the type segment: single, double, and triple E-glass. Coatings are typically applied to both brilliant and tinted glass in commercial structures.
To protect the interior of the structure from haze and premature deterioration, a single glass coating is applied. In the case of double glass, the coating is normally applied on the glass's sides that face each other in the air space to protect it from any exposure. On a global scale, the double glass category has the biggest market share, and demand for it is rapidly expanding. During the projection period, the double glass segment is expected to rise at a CAGR of 5.8%.
Application Outlook:
Commercial and residential structures are classified into two categories in the application segment. The reduction of UV radiation, the lowering of energy expenses, and the blockage of infrared light are three key advantages of adopting low e glass.
In 2020, commercial buildings held a major share of the global market, accounting for 59.6 percent.
To develop security glass that doesn't sacrifice energy efficiency, the glass can be loaded as blast-resistant or bullet-resistant, depending on the requirements. It is utilized on huge, commercial buildings with large expanses of windows that are quite different from what is used on residential building window glass.
Regional Outlook:
Due to advantages such as lower heating and cooling costs in commercial and residential spaces, Asia-Pacific held the greatest global share in 2020. The main drivers of growth in this region are an increase in the number of construction activities as well as increased urbanization. With a CAGR of 11.6 percent over the projected period, the region is also expected to be the fastest expanding segment. Europe and North America, in addition to Asia-Pacific, are major players in the worldwide sector. Two of the most important elements driving this industry's growth are technological advancements and rising consumer demand for environmentally friendly products.
From application outlook, type outlook, to global market share, you will find the key insights and tactics to grab your hold in the international market in our expert report. https://www.industrydataanalytics.com/reports/global-low-e-glass-market