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The global market for energy-efficient glass is expected to reach $41.79 billion in 2027
Views: 1 Author: Eileen Publish Time: 2020-02-14 Origin: Site
In 2018, the global energy-efficient glass market accounted for $23.2 billion. It is expected to reach $41.79 billion in 2027, with a compound annual growth rate of 6.8% over the forecast period.
The green building boom is driving the market for energy-efficient glass. A lack of access to raw materials and recycling is holding it back.
Increasing interest in energy dialogue and global warming has led to the development of energy-efficient glass. Energy-efficient glass is used to reduce ultraviolet and infrared light entering buildings. The glass does not affect the amount of light that enters the building. Energy-efficient glass is made up of nano-coatings which reflect light and keep buildings or rooms warm.
In the case of glass, there is expected to be a huge demand for triple Aglass. As building contractors switch from double glass to triple glass. Three layers of energy-saving glass have better low emission. Geographically, demand in the asia-pacific region is strong due to rising disposable income, increasing urbanization and population growth, which has contributed to the growth of the energy-saving glass market in the region.