Belgium Glass Insulation Market: Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Type, Application, and Region

Belgium Glass Insulation Market Definition:

Insulation Glass is a combination of two or more panes of glass with a layer of inert gas, namely argon or krypton, in between them. An insulated glass unit prevents heat loss through glass doors or windows. Glass insulators are typically manufactured with glass in thickness from 3 to 10 mm. Thicker glass is used in various applications. Silica and Zeolites are the most commonly used desiccant materials in insulated glass.

Further, the Belgium Glass Insulation Market is segmented by Type, Application, and Regions. On the basis of Type, the Belgium Glass Insulation Market is segmented under Insulating Glass, Glass Wool, and Cellular Glass. On the basis of Application, the Belgium Glass Insulation Market is segmented under Non-Residential Construction, Residential Construction, Industrial, HVAC, and Others. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Million).

 

Belgium Glass Insulation Market Dynamics for growth of the market:

Technological Innovation in Glass Insulation Provides Growth Drivers to the Market:

 

Insulation glass is a process of obstructing heat, electricity, and sound from passing through a physical space, which is done by the installation of glass, which acts as a hurdle for other materials. Insulation glass is highly adopted in the building and construction industry as it because it provides thermal insulation to the industries. The technology will help to innovate their qualities as well as the density or help to reduce the cost of manufacturing as well as transportation through huge research and development by the major key players.

 

Improvement in Construction Sectors Provides Opportunities to the Belgium Glass Insulation Market:

 

The factors such as rapid economic growth, increase in construction spending, and rising demand for the residential and industrial insulation glass also high demand for acoustic is the root because fuelling insulation glass market. The global construction market size was $ 12,744 billion in 2020, and it is increasing with a growth rate of 6.1% in a year; glass insulation is a highly adapted product for construction, and it captures the market share of 23.7% in the construction sector. In addition, the rising government initiatives to promote energy effectiveness and sustainable development through insulation technologies will also directly and positively impact the growth rate of the insulation glass market.

 

With the rapid development of mechanization, there was a concentration of the glass industry in Belgium, this helped to make the Belgian glass which is acceptable and used across the globe. Belgium is the major exporter of glass insulation and this market contributes 15-17.5% to the country's GDP. The Government of Belgium is also expanding its investment in this sector from 18.4% in 2018 to 24.2% in 2021 and also supports mergers by providing tax relaxation on the production of insulation glass. In 2019, AGC glass in Europe teamed with Inter-pane, a large Belgium glass processor company, for growth.

 

Challenges or Restraints in Belgium Glass Insulation Market:

 

Insufficiency in raw materials demand & supply owing to the lockdown and volatilities in their prices will pose a major challenge to the growth of the glass insulation market in Belgium. High costs associated with research & development proficiencies, lack of awareness regarding the availability of insulation glass, high cost of the energy-efficient manufacturing techniques, and strict global trade restrictions consider the restraining factors for the glass insulation market in Belgium.

 

Belgium Glass Insulation Market Segment Analysis:

By Type, the Insulating glass unit is the most dominant segment it holds a market share of 42% in 2021, and the factor which is attributed to the growth is the wide application of this glass in industries, it provides the facilitates like reducing heat loss and protecting interior items from external factors. In addition, Insulating glasses are also employed to reduce noise pollution, which can be created due to various machines at work inside the industry. Thus, it is also applicable to other industries; therefore it leads the market growth and the important factor is the key players who manufacture the insulating glass witness the growth in terms of revenue by 5-10% per year.

 

Glass wool is the segment held the market share by 32% in 2021, and is expected to increase its market share through the forecasted period. The factors influencing the growth it is widely used in various industries like refineries, process plants, chemical units, thermal power stations, and pre-engineered metal houses because it provides thermal and acoustic insulation in various work environments; also, it has low thermal conductivity, thermal insulation, good-sound absorption but it is not much suitable for residential construction.

 

Cellular glass also captures the market but is only limited to specific industries like chemical, some civil infrastructure applications, the factors which contribute towards the growth, it is lightweight, low embodied carbon building material, used as load-bearing structured fill. This is not applicable mostly in residential construction and non-residential construction as well, because it is not suitable for these industries. After all, it is lightweight.

 

 

By Application, the Non-Residential construction segment is widely capturing the market and stabilizes to an annual growth rate of 4.1% through the forecast period. The segment growth is attributed to the growing government of Belgium investment in the hospitality and other sectors which help to revive the domestic tourism sectors. The construction includes leisure and hospitality, buildings and office buildings, and other commercial constructions. These are the large projects of Belgium to execute and also for other countries as well so that Belgium will export the glass insulation to them for expanding infrastructure, it is considered as the major factor influencing the market of glass insulation market in Belgium.

 

Residential and Industrial are the other segments that are contributing to the market growth of glass insulation, opportunities that this sector is providing have influenced the market, and as Belgium has been considered the major producer and exporter of glass, lifts this segment by 30% and 35% in Belgium. The consumption of glass insulation is also increasing in Belgium because the government issued various permits to the country and also various industrial projects to increase the construction of both the industry.

 

Belgium Glass Insulation Market Key Players Insights:

The market is characterized by the existence of several well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the global market, key players in the market, particularly in Belgium, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

Competitive Landscape-

 

Gerresheimer recorded consolidated sales on insulating glass in the first quarter of 2022, up by 43% year-on-year. The group attributed the growth partly to a 28% year-on-year increase in the production of insulation glass with some technological advancements which help in transportation easy and also installation for the industrial sector.

 

Verallia is focusing on the improvement of their cellular glass with the help of technology to make it suitable for the other sectors and also to innovate their products with having high research and development in the market. This will influence their sales by 7-10% and their revenue by 10-14% in the forecasted period.

 

The objective of the report is to present a comprehensive analysis of the Belgium Glass Insulation Market to the stakeholders in the industry. The report provides trends that are most dominant in the Belgium Glass Insulation Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Belgium Glass Insulation Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Belgium Glass Insulation Market report is to help understand which market segments, and regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Belgium Glass Insulation Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Belgium Glass Insulation Market.

 

 

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Belgium Glass Insulation Market. The report also analyses if the Belgium Glass Insulation Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Belgium Glass Insulation Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Belgium Glass Insulation Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Belgium Glass Insulation Market is aided by legal factors.

 

Belgium Glass Insulation Market Scope:

Belgium Glass Insulation Market		Market Segmentation
Market Indicators:	Details	by Type	Insulating Glass Units Glass Wool Cellular Glass
Historical Data:	2017-2020	by Application	Non-Residential Construction Residential Construction Industrial HVAC Others
Forecast Period:	2022-2027
Base Year:	2021
CAGR:	3.32 %
Market Size in 2021:	USD 571.9 Million
The market size in 2027:	USD 825.8 Million

                                                                                       

BELGIUM GLASS INSULATION MARKET KEY PLAYERS: 

• Steklarna Hrastnik (Slovenia)
• Groupe Pochet (France)
• HENIZ-GLAS GmbH & Co. KGaA (Germany)
• Bormioli Luigi SpA (Italy)
• Gerresheimer AG (Germany)
• Stolzle-Oberglas GmbH (Austria)
• Verallia (France)
• Vidrala (Spain)
• Vetropack Group (Switzerland)
• Bruni Glass (Berlin)
• Ardagh Group (Luxemburg)