Key strategies adopted by the market players to maintain growth in the global Double Glazing Glass Market
Double glazing glass is used in windows, doors, façades, and other applications. The construction & infrastructure sector is one of the prime consumers of double glazing glass. The demand for double glazing glass is increasing at a significant pace owing to energy-efficient characteristics which help in reducing the energy consumption. However, amidst the global COVID-19 pandemic, the demand is expected to show a sharp decline until 2021. The global double glazing glass market size is expected to grow from USD 21.4 billion in 2020 to USD 27.4 billion by 2025, at a CAGR of 5.0% during the forecast period.
Europe is the largest double glazing glass market, and the trend is expected to remain the same during the forecasted period. Rising energy consumption and costs, requirements for legislative building compliance, and the need to manage the greenhouse gas emission are driving the growth of double glazing glass products. Furthermore, the government initiatives for green buildings and energy-efficient performance have made double glazing glass a very prominent choice amongst contractors boosting the market growth in Europe. However, COVID-19 is expected to affect the market in Europe. The UK, Italy, France, and Spain are the most severely affected countries in Europe that will face a sharp decline in the double glazing glass market in 2020 due to the closure of manufacturing facilities as well as a suspension in construction projects.
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Over the past years, companies have strengthened their position in the global double glazing glass market by adopting expansions as a major strategy. From 2016 to 2019, partnership was the key strategies adopted by the market players to maintain growth in the global double glazing glass market. For instance, in July 2019, Clayton Glass expanded its glass manufacturing facility to become the largest glass factory anywhere in mainland UK. The company invested USD 1.7 million for this expansion and installed an all-new and third fully automated Bystronic IGU line.
The major manufacturers profiled in this report include The key players in the market include Metro Performance Glass (New Zealand), CN Glass Limited (UK), Glass & Glazing Systems Pvt. Ltd (India), T & I Sealed Units Limited (UK), Clayton Glass Ltd (UK), Shenzhen Sun Global Glass Co., Ltd. (China), TAMCO Gulf Ltd. (UAE), Weatherbeater Windows (UK), and Abbey & Burton Glass (UK) among others. The double glazing glass business of these companies is drastically affected due to the outbreak of COVID – 19 pandemic. Reduced demand from several residential and commercial projects and disruption in the supply chain have compelled the manufacturing companies to operate at partial capacities and reduced staff.
In July 2019, Clayton Glass expanded its glass manufacturing facility to become the largest glass factory anywhere in mainland UK. The company invested USD 1.7 million for this expansion and installed an all-new and third fully automated Bystronic IGU line.
In October 2019, Clayton Glass acquired the services, business, and manufacturing capabilities of Nottinghamshire-based glass manufacturer, Global Glass, from Aperture Trading Limited. This acquisition has permitted Clayton to significantly increase its sales levels, manufacturing capacities, and geographical reach.
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