The global insulating glass market is projected to grow at a compound annual growth rate of 7.6 percent from 2016 to 2021, according to a new study from MarketsandMarkets, a research firm.
The market is projected to reach $58.71 billion by 2021. The growth is driven by increasing demand for energy-efficient products from the construction industry.
The demand for insulating glass units is rising due to various regulations related to the usage of energy-saving materials in buildings. Governments in developed as well as developing countries are propagating these regulations.
The Asia-Pacific insulating glass market is projected to grow at the highest rate during the forecast period. China, Japan and India are the leading countries in the Asia-Pacific insulating glass market.
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