Global Double Glazing Glass Market worth $27.4 billion by 2025 – Exclusive Report By MarketsandMarkets
The report "Double Glazing
Glass Market by Material (Glass, Frame
& Spacer, Sealant), Application (Window & Door, Façade), Spacer
Thickness (Less than 10mm10mm to 12mm, More than 12mm), Industry, and Region –
Global Forecast to 2025" 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.
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Façade application holds the major market share in the double
glazing glass market. This high consumption is attributed to the increase in
the number of commercial projects across APAC. Furthermore, stringent
government norms are pushing eth infrastructure companies to reduce the energy
consumption n by adopting energy-efficient solutions in Europe, and North
America is also fueling the growth in façade applications.
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COVID-19 has disastrously affected the market for composites
in the aerospace industry. In Europe, Spain, the UK, Germany, France, and Italy
are the major countries where COVID-19 has taken a heavy toll. The construction
& infrastructure industry is expected to be highly affected by the COVID-19
pandemic in the short run. Supply chain disruption, shortage of subcontractors
and materials, and the termination of contracts to control expenses are the
factors. In the long term, a weak project pipeline is expected for the entire
industry.
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