Demand for Glass Used in Windows and Doors Projected to Increase Through 2023
Homeowners tend to trade up to higher quality products when selecting replacement windows and doors.
Demand for glass used in window and doors is forecast to increase 4.3% per year from $2.6 billion in 2018 to $4.4 billion in 2023, according to a new forecast from The Freedonia Group. The Cleveland, Ohio-based research organization outlines several of the factors driving demand increases in its new report Window & Door Components.
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.
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 multi-fold 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.
Expanding interest in advanced glass tinting technologies, such as "smart glass" products that can be controlled via smartphones.