Demand for Glass Used in Windows and Doors Forecast to Increase 4.3% Annually Through 2023

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