Global Low E-Glass Market Is Slated To Grow Tremendously

Global Low E-Glass Market Is Slated To Grow Tremendously

The robust evolution in the global market for low E-glass is primarily motivated by the momentous increase in the need for energy-efficient products. This is owing to the new construction ventures, designed for infrastructural developments in developing and developed economies. Nevertheless, the upsetting increase in the release of carbon dioxide, as a result of the rising heat radiations and the amplifying demand for daylight diffusing solution, is estimated to upset the growth of this market adversely to some degree in the upcoming years. The international low E-glass market is expected to grow at a CAGR of 15.51% between 2016 and 2021

Low Emissivity (Low-E) glass is a category of insulating glass, which upturns the energy efficacy of windows by dropping the transmission of heat or cold through glass. This makes the houses warmer in winters and cooler in summers. Extensively used in doors, windows, and sunrooms for domestic sector, and in glazing for commercial segment, Low-e glass market makes for nearly two-fifth of the insulating glass market. The world-wide manufacture of low-e glass has been growing with the mounting demand from both the residential and commercial segments. Residential sector takes the extreme share in low-E glass market out of which doors and windows make up for almost equivalent cuts.

The global consumption rate of low-E glass is the maximum in the US trailed by Europe. In Europe, low-e glass market has practically doubled in terms of volume over the time period of 2005 and 2009 as a result of obligatory energy efficacy guidelines and standards. The consumption rate of low-E glass in 2009 was the maximum in Germany tailed by the UK, France, and Italy. Maximum of the Asian countries are untouched. As a result the Asian market offers incredible growth prospects. South Korea is the most advanced market amongst the Asian nations when it comes to usage of low-E glass.

Also, low-E glass infiltration in commercial glazing watched a steady rise over 2000-2009. This is due to rising environmental alarms universally and the subsequent stress on the erection of energy efficient constructions. Triple glazing is also acquiring importance in construction due to latest governing alterations in many nations. Low-E glass makers are uneven and the foremost players functioning in this industry include Saint-Gobain, Guardian Industries, and Asahi Group.

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