CLEVELAND, Dec. 10, 2019 /PRNewswire/ — Demand for glass used in windows and doors is forecast to increase 4.3% per year from $3.6 billion in 2018 to $4.4 billion in 2023, according to the study Window & Door Components.
https://www.freedoniagroup.com/industry-study/window-door-components-3777.htm
The primary factors driving demand increases include:
- above average advances in residential replacement window sales and homeowners’ tendency to trade up to higher quality products when selecting replacement fenestration
- ongoing efforts by home and commercial building owners to reduce energy costs by investing in higher value windows and doors with better insulative properties
- rising sales of insulated glass units and windows with low-e coatings for newly constructed commercial buildings in order to meet the standards of LEED and other environmental certification programs
- trends supporting demand for larger windows and patio doors – including multi-panel and multifold patio doors – that have expansive glazing areas
- growing demand for impact-resistant windows, which are much more expensive and feature significantly thicker glass panes than standard windows
- increasing awareness of the additional benefits of thicker glass panes, including security and sound dampening
- expanding interest in advanced glass tinting technologies, such as “smart glass” products that can be controlled via smartphones
Contact Corinne Gangloff for an interview with the analyst.
Additional Construction & Building studies can be viewed here:
https://www.freedoniagroup.com/industry-category/build/construction-building-products.htm
About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Studies can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.
Press Contact:
Corinne Gangloff
+1 440.842.2400
[email protected]
View original content to download multimedia:http://www.prnewswire.com/news-releases/demand-for-glass-used-in-windows-and-doors-forecast-to-increase-4-3-annually-through-2023–300972400.html
SOURCE The Freedonia Group
