Warm Edge Spacer Market - Forecast(2023 - 2028)

Warm Edge Spacer Market Overview

The Global Warm Edge Spacer Market size is forecast to reach US$735 million by 2027, after growing at a CAGR of 4.9% during the forecast period 2022-2027. Globally, increasing investments in the development of green building infrastructure with strict energy efficiency protocols will boost industry statistics. Government regulations aimed at improving building energy efficiency are likely to support market demand. Increased efforts to reduce ultraviolet radiation, thermal insulation, environmental degradation, temperature performance, and green building will help the industry grow. According to the EU's energy efficiency directive 2012/27/EU (EED), building structures' energy consumption should be reduced, and public-owned companies should be renovated to reduce power consumption in buildings. Increased use of triple-pane insulated glazing windows will add to the thermoplastic spacers and gain an edge over the market outlook.

COVID-19 Impact

The global economy has taken a significant hit as a result of the COVID-19 pandemic, which has also had an impact on the Warm Edge Spacer. Complete lockdown measures implemented by the various governments during the first half of 2020, and this has not only eased ongoing building construction projects, but have also had an impact on global fenestration product imports. Although, following the lifting of lockdowns and the introduction of vaccines in various countries, the situation has improved. It is expected that by the end of 2022, the industry will return to its previous growth rate, due to state initiatives to improve economic structure.

Report Coverage

The report: “Warm Edge Spacer Market Report– Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Global Warm Edge Spacer Industry.

By Type: Flexible Spacers, Plastic/Metal Hybrid Spacers, Stainless Steel Spacers, and Others.
By Glazing Window: Double Glazing and Triple low-E.
By End-Use Industry: Residential (Private Dwellings, Apartments, Row Houses), Commercial (Office, Industrial Buildings, Healthcare, Hotels and Restaurants, Educational Institutes, (Schools, Universities and Colleges, Research Center), Transport, (Railway Stations, Airports and Others) and Others).
By Geography: North America (USA, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and the Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America), the Rest of the World (the Middle East, and Africa).

Key Takeaways

• Over the forecast period, rising stringent laws and regulations pertaining to the improvement of building energy efficiency are expected to drive sales in the global warm edge spacer market.
• In the coming years, rising measures to control ultraviolet radiation, regulate temperature performance, green building, and protect the environment are also expected to stimulate high growth opportunities in the global warm edge spacer market.
• Increased demand for highly conductive windows in residential, commercial, and industrial construction applications is also driving the global warm edge spacer market revenue higher.
• The demand for double insulated glazing warm edge spacers is being driven by several factors, including a low price index and ease of installation. Furthermore, an effective noise insulation property with a higher U-value will boost product adoption.
• The fenestration industry in APAC is currently focusing on developing units with higher thermal performance. With rising concern about increasing building energy efficiency, demand for sustainable building products such as warm edge spacers is increasing significantly in the region

Warm Edge Spacer Market Segment Analysis – By Type

The plastic/metal hybrid spacer held the largest share in the Global Warm Edge Spacer Market in 2021 and is expected to grow at a CAGR of 4.7% between 2022 and 2027. It’s the most common type of spacer in the market. They are made up of a metal insert and a plastic frame. The metal insert aids in heat transfer from one glass pane to the next, while the plastic frame prevents condensation from forming between the panes. Stainless steel spacers are made up of metal inserts and stainless steel frames. The metal insert aids in the transfer of heat from one glass pane to the next, while the stainless-steel frame prevents condensation from forming between the panes. They are more effective than hybrid plastic/metal spacers.

Warm Edge Spacer Market Segment Analysis – By End-Use Industry

The residential construction held the largest share in the Global Warm Edge Spacer Market in 2021 and is expected to grow at a CAGR of 5.2% between 2022 and 2022, owing to the increase in construction of residential buildings across the globe. For instance, in October 2021, the Ministry of Construction of Vietnam proposed VND 30 trillion (US$ 1.3 billion) credit package to build low-cost residential homes for workers. Likewise, MoC had proposed 266 residential housing projects with more than 142,000 units totaling more than 7.1 million square meters across the country in 2021. Another 278 residential projects including 276,000 units with a total area of 13.8 million square meters are currently under development in Vietnam. All of these projects are scheduled to begin in 2022 and be completed by the end of 2025. Furthermore, recent insights from Construct Connect state that the US government has funded around US$ 20,000 for the construction of a Real Estate and Development project called One Central Project in Chicago. The project is under the Schematic Design phase and is currently undergoing construction in 2022. In residential applications, the spacer is used in thermal insulation of windows and doors. It helps in reducing the heat loss through the window panes, thereby improving the energy efficiency of buildings. In this way, an increase in the construction of buildings for residential sectors is expected to increase the demand for thermoplastic spacers such warm edge spacer.

Warm Edge Spacer Market Segment Analysis – By Geography

The North America held the largest share in the Global Warm Edge Spacer Market in 2021 up to 38%. The rise in the number of green buildings and increased demand for energy-efficient windows and doors can be attributed to the region's growth. Furthermore, countries like the United States, Canada, and Mexico are increasingly adopting modern methods to improve the efficiency of their infrastructure, resulting in a higher adoption rate for these products in both the residential and commercial sectors. Government regulations aimed at reducing carbon emissions, as well as rising demand for energy-efficient windows, will propel the global warm edge spacer market forward. According to the American Council for an Energy-Efficient Economy, deploying sustainable fenestration systems across commercial buildings could save up to USD 60 billion and reduce US energy consumption by more than 1% by 2030.

Warm Edge Spacer Market Drivers

Increasing Energy Conservation Concerns

With a focus on lower thermal transmittance values, energy conservation is becoming a more important factor in shaping the market. In response to increasing industry fragmentation, increased output, and lower labour costs, flexible spacer production has been dramatically simplified. Advanced flexible silicone foam spacers provide significant improvements in thermal performance while providing high flexibility for natural expansion and contraction of glass. In the commercial IG, particularly the four-sided silicone structural glazing wall, spacers have proven to have significant strength, durability, and performance. Furthermore, a shift in trends toward replacing traditional aluminium spacers with plastic, hybrid, or stainless-steel spacers to ensure energy efficiency will encourage product adoption over available alternatives. Thermoplastic spacers reduce condensation risk by increasing thermal efficiency. It has been determined that a double-glazing window with warm edge spacers can provide nearly 1,000 times more thermal insulation than a conventional window, resulting in a 50% increase in efficiency.

Increasing Installation of Triple Low E Glazing Windows

The deployment of triple low-E insulated glazing windows with warm edge spacers is expected to significantly impact the warm edge spacer market in the coming years across European economies. The introduction of stringent energy management and efficiency measures in the countries is one of the main reasons for the increased installation of these. Furthermore, industry statistics for triple low-E glazed window warm edge spacers market could be augmented by goals of reducing carbon footprint to a specific level.

Warm Edge Spacer Market Challenges

Availability of Alternatives

Aluminum or regular steel spacers are warm edge spacer alternatives. The most common type of spacer was aluminium. This material has been around for a long time and provides a basic level of performance. Aluminum is a very efficient thermal conductor despite being a structurally strong material. Aluminum spacers allow indoor heat to easily escape to the outside. Furthermore, the aluminum's cold glass edges cause a temperature difference between the glass's centre and edges. As a result, condensation can develop on the insulating glass units. The properties of stainless steel and aluminium spacers are similar. Stainless steel, on the other hand, has a thermal conductivity of one-tenth that of aluminium and thus improves condensation resistance. Therefore, the availability of these spacers may limit warm edge spacer market growth.

Warm Edge Spacer Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Global Warm Edge Spacer Market. Global Warm Edge Spacer top 10 companies are:

1. Thermotech Systems Ltd
2. Cardinal Glass Industries Inc
3. Hygrade Components
4. GED Integrated Solutions Inc
5. Viracon Inc
6. AGC Flat Glass North America Inc
7. Saint Best Group Limited
8. Fenzi Group S.p.A.

Recent Developments

• In June 2020, Technoform has expanded its Spacer M line of high-performance and long-lasting insulating glass edge seal solutions with a plastic hybrid stainless steel (PHSS) and high-profile warm edge.

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