Low E-Glass Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Coating Type (Hard Coating, Soft Coating), End-User (Residential, Commercial, Industrial), And By Geography- Forecasts From 2022 To 2027

The low e-glass market is estimated to foresee a CAGR of 5.62% to reach a market size of US$11.242 billion by 2027, up from US$7.669 billion in 2020.

Rising awareness regarding energy saving is significantly driving the demand for low e-glass across various end-users worldwide.

Growing concerns regarding environmental sustainability are pressurizing glass companies to invest heavily in R&D to meet both consumer demands and environmental-focused legal requirements, thus positively impacting the growth of the low e-glass market in the forecast period. In summer, the low E-glass reflects more heat into the exterior, thereby reducing cooling costs and providing a comfortable room temperature. During winters, these glasses help in the reflection of excess heat back into the room, thus, lowering heating costs. Geographically, North America and Europe hold a significant market share owing to strict CO2 emission standards. APAC is projected to witness a significant CAGR during the projected period owing to rising construction activities across both the residential and commercial sectors.

The growing demand for eco-friendly glass materials for green construction is driving the market demand in the forecast period.

With technological advancements, the market for green materials offers great potential for the low E-glass industry to thrive in the forecast period. Hence, promoting sustainable construction and contributing to lowering the carbon footprint. The international level construction industry. along with growing urbanization and the increasing world economy, is further expected to propel the market during the forecast period. The global urban population rose from a population size of 3.724 billion in 2012 to a population size of 4.196 billion in 2018 (source: World Bank). Significant efforts are being made for the provision of efficient infrastructural services in the construction activities to be carried out in a sustainable manner. This has further resulted in the development of smart cities and green building solutions, providing better growth prospects for the market to prosper in the forecast period and in the upcoming years.

Favorable government initiatives

The government is also supporting the use of green building construction materials in order to reduce carbon emissions and prevent global warming. In addition, consumers around the globe, especially in emerging economies of the world, are gaining awareness regarding green building construction and its benefits in curbing high electricity costs and being environmentally friendly. This has further encouraged the manufacturers of green materials to produce innovative green products and enhance their market outreach in the potentially lucrative markets of the world. For this, manufacturers are investing in research and development activities in order to deliver high-quality commodities to a wide range of consumers.

It is being realized that with time, green construction will become more economical due to the high demand. Manufacturers and builders would ensure that the development of green building materials and their use in green construction meet sustainability standards. With global warming and ecological problems becoming topics of concern, industries are trying materials that would help in diminishing their harmful effects. Glass is one of the most important green building construction materials. It is highly energy-efficient and environmentally friendly. To achieve sustainability, green builders are utilizing glass as one of the major components in construction as it is known to be an excellent green building material.

As a result, policymakers in European countries are planning to use low E-glass in many of their new and existing building infrastructures in order to combat climate change and reduce carbon footprint. This is because of the fact that by adapting to the building regulations requiring the usage of high-performance low E double or triple glazing in all new building construction, the EU 27 will be able to save between 50,000 and 113,000 TJ of energy per year by 2020, and this, in turn, would lead to cutting carbon dioxide emissions by between 4.7 million tonnes and 11.3 million tonnes every year. And this would be free of cost for the European government (source: Glass for Europe, Trade Association of Europe’s Manufacturers of Building, Automotive, and Transport Glass). Similarly, by utilizing a combination of legislation and market-based incentives for the promotion of retrofitting of existing buildings with high-performance Low E double glazing, the EU 27 would be able to save up to 860,000 TJ of energy annually by the end of 2020 and cut carbon emissions by as much as 85 million tonnes every year (source: Glass for Europe, Trade Association of Europe’s Manufacturers of Building, Automotive, and Transport Glass).

Key Developments

• May 2022: TOYOTA MOTOR CORPORATION will launch the LEXUS RZ in the second half of 2022 with a light-control panoramic roof with a Low-E coating developed by AGC. Through the use of low-E glass with high solar control and heat insulation, the panoramic roof provides both an open cabin environment and a comfortable cabin temperature, while eliminating a sunshade makes for a lighter vehicle as per an article published by AGC in May 2022.     
• January 2022: The Echo 5G BoostTM subscriber repeater for low emissivity glass (Low-E) windows launched commercially by Pivotal Commware. As with Echo 5G, Boost is a customer-installable, on-the-window precision beamforming repeater designed to counteract mmWave penetration, reflection, and structural shadowing losses to flooding an interior with mmWave signals as per January 2022 report by Pivotal Commware.

Impact of COVID-19 on Low E-Glass Market

The COVID-19 outbreak caused manufacturing units in various countries to close for months, resulting in a significant reduction in the global low-E glass market. The closure of major ports has caused delays and increased costs for imported raw materials such as aluminum and vinyl frames, insulating glass, coatings, and so on. Raw material delivery has also been delayed due to limited transportation and travel restrictions. As a result of the pandemic, customer interest in acquiring any items dropped sharply, and the shutdown of the transportation sector significantly lowered the demand for Low-E glass. This resulted in an interruption of production. Chinese parts shipments were disrupted and production disruptions spread across Europe, which impacted the automotive sector's growth. In 2020, Hyundai suspended vehicle production due to an interruption in the supply chain of automotive parts from China. Increasing construction activities and awareness of energy saving among the population have led to an expansion of the Low-E glass market in residential and commercial buildings. Building and construction activities are also picking up at a rapid pace, increasing the demand for low-E glass around the world.

Segmentation:

• By Coating Type
  • Hard Coating
  • Soft Coating
• By End-User
  • Residential
  • Commercial
  • Industrial
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Others
  • Middle East and Africa
    • UAE
    • Israel
    • Saudi Arabia
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

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Vitro

Glaz-Tech Industries

Dellner Romag Ltd

Guardian Industries Holdings Site

Schott AG

AGC Glass Europe SA

Nippon Sheet Glass Co., Ltd

Saint-Gobain Group

Central Glass Co., Ltd.