The global Glass Insulation Market has been growing at a moderate pace over the past five years owing to the increase in demand from the non-residential construction and residential construction segments. Currently, the global glass insulation market is dominated by various key players, such as Owens Corning (U.S.), Nippon Sheet Glass Co. Ltd. (Japan), Johns Manville (U.S.), Knauf Insulation (U.S.), PPG Industries, Inc. (U.S.), Certain Teed Corporation (U.S.), Pittsburgh Corning Corporation (U.S.), Arabian Fiberglass Insulation Co., Ltd. (Saudi Arabia), Saint-Gobain ISOVER (U.S.), and Glassolutions Saint-Gobain (U.K.).
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The insulating glass units segment
held the largest share of the global glass insulation market
The insulating glass units segment of
the glass insulation market is expected to witness significant growth in the
coming years. Growing concerns about the environment, especially in countries
such as China and India, will lead to the growth of this segment in these
countries. The governments of European countries are also supporting the
development of energy-efficient green buildings, which is in turn contributes
the growth of this unit.
Non-residential construction
application held the largest share of the global glass insulation market
The non-residential construction
application of the glass insulation market is expected to witness significant
growth in coming years. Insulation helps these non-residential buildings in
reducing heating & cooling loads, managing indoor climate temperature,
reducing noise pollution, and hence creating a more environmentally sustainable
building. Growth in this segment has been fueled by changes in building codes
for increased energy efficiency.
The Asia-Pacific region was the
largest market for glass insulation in 2015
The Asia-Pacific region was the
largest market for glass insulation in 2015, owing to the increasing demand for
glass insulation products in developing economies, such as India and China.
China is the leading consumer of glass insulation products in the Asia-Pacific
region.
Companies in this region are
investing in developing cost-competitive glass insulation products. The
extensive growth and innovation, along with industry consolidations, is
expected to drive the growth of the Asia-Pacific glass insulation market.
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Acquisitions were also made by major
players in the global glass insulation market to leverage their technologies,
products, and production facilities of the companies that were acquired. Knauf
Insulation acquired Guardian Insulation, thus gaining access to the assets of
its subsidiary, Guardian Fiberglass. Guardian Fiberglass is an important
supplier of insulation products for the residential construction application.
This improved the position of the company, especially in the North American
market.
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