Global Vacuum Insulated Glass Market – Industry Trends and Forecast to 2031

Global Vacuum Insulated Glass Market, By Product (Dual Glaze Vacuum Insulated Glass and Triple Glaze Vacuum Insulated Glass), Application (Roof Lights, Windows, Doors, Roof Glazing, Glass Façade, and Others), End-Use (Residential, Commercial, and Industrial - Industry Trends and Forecast to 2031.

Vacuum Insulated Glass Market Analysis and Size

The essential factors contributing to the growth of the market include the increasing demand for energy-efficient building materials, stringent regulations promoting sustainability, and ongoing technological advancements in glass manufacturing. These factors collectively contribute to the growing adoption of vacuum-insulated glass worldwide in residential, commercial, and automotive sectors.

Data Bridge Market Research analyses that the global vacuum insulated glass market which was USD 389.30 Million in 2023, is expected to reach USD 414.22 Million by 2031, growing at a CAGR of 6.4% during the forecast period of 2024 to 2031. In 2024, the commercial segment will dominate the market due to the increasing demand of energy-efficient building materials. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

Vacuum insulated glass (VIG) is a insulating glass unit (IGU) composed of two or more panes of glass separated by a vacuum-sealed space. This design minimizes heat transfer through the glass, enhancing thermal insulation and reducing energy consumption for heating and cooling. VIG finds applications in buildings, windows, and facades where high thermal performance is crucial. Compared to traditional single or double-pane windows, it offers improved energy efficiency, sound insulation, and condensation resistance. Additionally, VIG can be utilized in specialized applications such as laboratories, clean rooms, and refrigerated displays where precise temperature control is necessary.

Vacuum Insulated Glass Market Dynamics

Drivers

• Growing Concerns About Energy Consumption and Environmental Sustainability

The demand for construction materials that prioritize thermal efficiency is expanding. Vacuum insulated glass (VIG) has emerged as a solution, addressing the substantial heat transfer that often occurs through windows. By utilizing a vacuum-sealed space between multiple panes of glass, VIG minimizes thermal conduction, thereby significantly reducing heating and cooling losses in buildings. This enhanced insulation translates into tangible energy savings for occupants and reduces reliance on heating and cooling systems powered by fossil fuels. Consequently, VIG contributes to cost savings and aligns with efforts to mitigate carbon emissions and combat climate change, making it a preferred choice for environmentally conscious construction projects globally.

• Stringent Building Regulations by the Governments

Governments globally enact stringent regulations to combat climate change by curbing carbon emissions and promoting sustainable building practices. Vacuum insulated glass (VIG) aligns perfectly with these mandates due to its remarkable thermal insulation properties. By significantly reducing heat transfer through windows, VIG improves the energy efficiency of buildings, meeting or exceeding regulatory standards for sustainable construction. This enhanced energy performance reduces carbon footprints and aligns with government targets for energy conservation and environmental protection. Consequently, VIG has witnessed a surge in adoption within the construction industry as developers and builders strive to meet regulatory requirements while delivering energy-efficient, environmentally sustainable structures for a greener future.

Opportunities

• Ongoing Advancements in Glass Manufacturing Technology

Continuous technological advancements in glass manufacturing have led to increased accessibility and cost-effectiveness of VIG, making it a more attractive option for both residential and commercial buildings. The improvements in production processes and materials have resulted in higher-quality VIG products with superior thermal performance, meeting the growing demand for energy-efficient building materials. As a result, VIG manufacturers can capitalize on this opportunity by expanding their market presence and catering to the increasing need for sustainable construction solutions worldwide. With its enhanced thermal insulation capabilities, VIG is poised to become a key player in the market, offering substantial benefits to consumers and the environment.

• Potential Application in Emerging Sectors

As transportation and automotive industries increasingly focus on enhancing energy efficiency and reducing carbon emissions, there is a growing demand for innovative materials that can improve thermal insulation in vehicles, including cars, trains, and aircraft. Vacuum insulated glass, with its superior thermal performance, lightweight properties, and potential for customization, presents an opportunity for manufacturers to tap into this expanding market segment. VIG manufacturers can capitalize on this opportunity to diversify their product offerings and expand their market reach by providing solutions that contribute to the overall energy efficiency and comfort of transportation vehicles.

Restraint/Challenge

• Fragility and Longevity of Vacuum Insulated Glass Units

Vacuum-insulated glass units are typically more fragile than traditional glass due to their intricate construction and the need to maintain a vacuum-sealed space between glass panes. This fragility can pose challenges during transportation, handling, and installation, leading to potential breakage and increased costs. Furthermore, ensuring long-term durability and preventing seal failures or performance degradation over time can be a technical challenge for manufacturers, impacting the reliability and lifespan of VIG products. Addressing these challenges requires ongoing research and development efforts to improve production efficiency, reduce costs, and enhance the durability of vacuum insulated glass.

• High Production and Installation Cost

Despite advancements in manufacturing technology, the production of VIG remains relatively complex and expensive compared to traditional insulated glass units. The high cost of production can pose a barrier to widespread adoption, particularly in regions with budget constraints or where cost-conscious consumers prioritize initial investment over long-term energy savings. Additionally, the cost of installation and maintenance may also deter some potential buyers from investing in VIG.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the vacuum insulated glass market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In July 2020, Guardian Glass unveiled a new glass coater in Czestochowa, Poland, employing advanced technology to transform standard float glass into high-performance, value-added glass. This will increase the manufacture of low-emissivity (low-E) solar control glass for residential and commercial applications.

Vacuum Insulated Glass Market Scope         

The market is segmented on the basis of product, application, and end-use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Dual Glaze Vacuum Insulated Glass
• Triple Glaze Vacuum Insulated Glass

End-Use

• Residential
• Commercial
• Industrial

Application

• Roof Lights
• Windows
• Doors
• Roof Glazing
• Glass Façade
• Others

Vacuum Insulated Glass Market Regional Analysis/Insights

The global vacuum insulated glass market is analysed and market size insights and trends are provided by country, product, end-use, and application as referenced above.

The countries covered in the global vacuum insulated glass market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa.

Asia-Pacific region is expected to dominate the marketdue to to rapid urbanization, increasing construction activities, and stringent energy efficiency regulations in countries such as China, Japan, and South Korea. These nations have significant demand for energy-efficient building materials to address environmental concerns and reduce energy costs, thereby driving the adoption of vacuum insulated glass in the construction sector.

Europe is showing the CAGR in the market. This growth is propelled by a strong focus on sustainable building practices and increasing awareness regarding the benefits of energy-efficient materials. European countries are actively promoting using vacuum insulated glass in construction to reduce carbon emissions and achieve energy conservation goals, thereby driving market growth in the region.

The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Vacuum Insulated Glass Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the market are:

• AGC Inc. (Japan)
• Panasonic Corporation (Japan)
• LandGlass Technologies Co., Ltd (China)
• Nippon Sheet Glass Co Ltd (Japan)
• Guardian Glass (U.S.)
• QINHUANGDAO YIWO GLASS CO., LTD. (China)