Low Emissivity Glass Market Worth USD 30.27 Billion in 2028, Growing 3.3% CAGR | Reports and data
Benefits of low-emissivity glass, growing awareness of energy saving and increasing construction activity
NEW YORK CITY, NY, UNITED STATES, December 11, 2021 /EINPresswire.com/ – According to the latest Reports & Data report, the Low-emissivity glass market The size is expected to reach USD 30.27 billion in 2028 and register a CAGR of 3.3% over the forecast period. One of the major drivers of market revenue growth is increased awareness of the benefits of low-emissivity glass, or low-emissivity glass, and government investment in energy-saving technologies.
Low-emissivity glass has excellent thermal insulation properties and is widely used in skyscrapers, commercial buildings and glass facades. This glass prevents water droplets from sticking to the glass during the rainy season, increases the durability of the glass and contributes to energy savings as it lets light through and keeps the temperature at the desired level.
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Global chemicals and materials have a wide range of application areas such as crop protection, animal nutrition, dietary supplements, preservatives, flame retardants, surface ingredients, active pharmaceutical ingredients and agents. mattifying, among others. Population explosion and rapid economic growth are expected to propel the growth of the market. Moreover, increasing urbanization, rapid industrialization and high investments in infrastructure development create market demand during the forecast period.
The global Low Emissivity Glass market research report provides a portfolio of competitive strategy analysis to provide a better understanding of the competitive landscape. The report further examines in depth the business strategies undertaken by major manufacturers in relation to mergers and acquisitions, joint ventures and collaborations. It highlights the companies with the largest market share by revenue in the global low emissivity glass market.
In addition, the increasing investments in research in the field of architectural designs are resulting in the advent of additional opportunities for new advancements in low emissivity glass.
However, low-emissivity glass is expensive and offers a blurry view compared to traditional windows. These are major factors restraining the revenue growth of the global low-emissivity glass market during the forecast period.
Some of the major players in the market research report include Xinyi Glass, Yaohua Pilkington Glass, Taiwan GlassBlue Star Glass, Sanxin Glass, Qingdao Jinjing, Kibing Group, Huadong Coating Glass, Zhongli Holding, Saint-gobain, NSG, PPG, AGC , Guardian Industries, Schott, Cardinal Glass, Padihamglass and CSG Holding.
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Some highlights of the report:
On the basis of type, the market report is segmented into single low-emissivity glass, double low-emissivity glass, and triple low-emissivity glass. Of these, the dual segment of Low-E glass accounted for the largest share of revenue in 2020 as it prevents ultraviolet (UV) rays from entering rooms without minimizing the amount of natural light, reducing energy costs and minimize outside noise.
On the basis of the application, the market report is segmented into commercial and residential. Among these, the business segment is expected to register a considerably rapid revenue CAGR during the forecast period due to rapid industrialization and growing start-up culture.
North America low emissivity glass market revenue is expected to remain significantly higher during the forecast period. This can be attributed to the rapid technological advancements in the automotive industry and the development of electric vehicles in countries in the region.
The Asia-Pacific Low Emissivity Glass market is expected to register the fastest revenue growth rate and dominate other regional markets during the forecast period. This can be attributed to the rapid urbanization and industrialization of countries in the region. In addition, an increasing number of construction activities to build smart cities is expected to drive the region’s market growth.
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Segments covered in the report:
For the purpose of this report, Reports & Data has segmented the global low-emissivity glass market on the basis of type, application, and region:
Type Outlook (Revenue, Billions USD; 2018 – 2028)
Single low-emissivity glass
Dual low-emissivity glass
Triple low emissivity glass
Application Outlook (Revenue, USD Billion; 2018 – 2028)
Regional outlook (revenue, billion USD; 2018 – 2028)
The Middle East and Africa
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