Vacuum Insulated Glass Demand Propelled by Real Estate Entities’ InterestSeptember 12th, 2019 by Editor
A recent market intelligence study by Transparency Market Research (TMR) suggests that the vacuum insulating glass (VIG) market is gaining traction through the increased interest of real estate companies.
The study predicts that the global VIG market will expand at a CAGR of 4.2% between 2018 and 2026. Furthermore, it is projected to accumulate outstanding revenues by the end of the forecast period. The value of this market stood at $4.5 billion in 2017, with a major chunk of revenues flowing in from the residential sector, according to TMR.
Highlighting several trends in the commercial and residential VIG market, the study goes into detail about an increased interest in recreating ancient architectural designs and how those innovations will influence the market. Residential trends in architecture have led to an increase in the use of glass ceilings and walls, according to the study.
Though the VIG market began to gain traction in the commercial sector, the study suggests an increase throughout residential.