Rising Demand for Energy Efficient Glass in the Construction Industries fuels the Growth of the Global Energy Efficient Glass Market

Energy-Efficient Glass is the low-emissivity coated glass beneficial for preventing heat exchange through the glass surface, making it highly thermally insulating, thereby enhancing the energy efficiency of the building and results in cost-saving energy bills.
 
Since the previous few years, the global glass industry is astronomically growing due to the gradual shift of consumers toward energy-efficient glass technologies. The demand for energy-efficient glasses is surging rapidly in the market and shall continue to increase over the forthcoming years.
 
Further, the demand for energy-efficient glass products in the developed countries like the US, UK, Germany, and France is substantially increasing. In the developing countries, especially in China, India, and Brazil, a rapidly expanding construction & transportation industry due to high population growth is crucially boosting the energy-efficient glass market growth. Besides, mounting urbanization and snowballing disposable incomes further encourage the consumption of energy-efficient glass products.
 
The Global Energy Efficient Glass Market is likely to grow at a CAGR of 20% from 2016-2026 due to the mounting market penetration toward sustainable & energy-efficient technologies. Besides, the rising government initiatives to raise awareness regarding energy-efficient glasses and regulations toward using these glasses significantly propel the demand for energy-efficient glass products. Therefore, to adhere to the governmental norms, the adoption rate of energy-efficient glass products has rapidly increased.

The major leading players in the Global Energy Efficient Glass Market are Asahi Glass Co., Corning Inc., Guardian Glass, Morley glass & glazing, Nippon Glass, Pilkington, Research Frontiers Inc., Saint Gobain S.A., SageGlass, Smartglass International Ltd., and View Inc.
 

Moreover, with the surge in construction of residential & commercial buildings and the development of the automotive industry, the demand for energy-efficient glasses is significantly increasing due to the rising need for energy conservation.

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Apart from this, the use of energy-efficient glass eliminates the requirement of external temperature control devices like air conditioners or heaters. It further helps in reducing the energy bills of the entire building and monitors & controls the level of carbon emissions.

Lastly, the surging adoption of energy-efficient and Smart glass technologies by various end-user industries, rising concerns towards increasing carbon emissions, and higher living standards are prominent factors likely to propel the growth of the Global Energy Efficient Glass Market in the coming future.