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Global Energy Efficient Glass Market Report 2019: Market Accounted for $23.20 Billion in 2018 and is Expected to Reach $41.79 Billion by 2027

Post Time:Nov 29,2019Classify:Industry NewsView:954

The Global Energy Efficient Glass market accounted for $23.20 billion in 2018 and is expected to reach $41.79 billion by 2027 growing at a CAGR of 6.8% during the forecast period.


The growing prominence of green buildings is driving the market. However, lack of access to raw materials and promotion of recycling are hampering the market.


The rise in focus on energy conversation and increase in global warming has led to the development of energy-efficient glass. Energy-efficient glass is used to reduce the ultraviolet and infrared rays that enter buildings. The glass does not compromise upon the volume of light entering the structure. Energy-efficient glass is made up of Nanocoatings, which reflects light. These coatings preserve the temperature of the building or room by not allowing the outside temperature to enter the room.


In terms of glazing, the triple glazing segment is estimated to have a huge demand due to the building contractors shifting to triple glazing energy efficient glass from double glazing energy-efficient glass, due to its excellent low emission properties.


By Geography, Asia Pacific is estimated to have a huge demand due to the increasing disposable income; rising urbanization and population growth have led to industrial growth in this region.

Source: https://finance.yahoo.com/Author: shangyi

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