Vacuum Insulating Glass (VIG) Market size is estimated to be USD 1.35 Billion in 2024 and is expected to reach USD 2.45 Billion by 2033 at a CAGR of 7.5% from 2026 to 2033.
South Korea's Vacuum Insulating Glass (VIG) Market is experiencing significant growth, driven by the nation's commitment to energy efficiency and sustainable development. The construction sector, in particular, is witnessing a surge in VIG adoption, aligning with the government's goal to reduce greenhouse gas emissions by 37% from business-as-usual levels by 2030. This initiative has led to a 27% reduction target in the building sector, emphasizing the importance of energy-efficient materials like VIG.
In the capital region, comprising Seoul and Gyeonggi Province, residential buildings account for a substantial portion of energy consumption. With over 1 million residential structures, the integration of VIG in apartment buildings has become a focal point for reducing energy loss and enhancing thermal insulation.
VIG types are categorized into tempered and non-tempered variants. Tempered VIG, known for its durability and thermal resistance, holds approximately 60% of the market share. Non-tempered VIG, offering cost-effective solutions, is gaining traction in residential applications, accounting for the remaining 40%.
The industrial demand for VIG extends beyond construction. The automotive industry is increasingly incorporating VIG to reduce vehicle weight and improve fuel efficiency. Additionally, the home appliance sector is projected to experience rapid growth, utilizing VIG in refrigeration and energy-saving appliances.
Despite its advantages, the high cost of VIG production poses a challenge. The complex manufacturing process and specialized equipment contribute to higher prices compared to traditional glass. However, advancements in manufacturing technologies are gradually reducing costs, making VIG more accessible.
As South Korea continues to prioritize energy efficiency and sustainable practices, the Vacuum Insulating Glass (VIG) Market is poised for continued expansion, offering innovative solutions across various industries.
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Nippon Sheet Glass
Guardian Glass
Vitro Architectural Glass
AGC
LandGlass
Panasonic
Taiwan Glass
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Vacuum Insulating Glass (VIG) Market
Residential Buildings
Commercial Buildings
Industrial Applications
Aerospace
Automotive
Double Glazing VIG
Triple Glazing VIG
Customized VIG
Low-E Coating VIG
Self-Cleaning VIG
Soundproof VIG
Smart Glass Solutions
Architects and Designers
Contractors and Builders
OEMs (Original Equipment Manufacturers)
Retail Customers
Thin VIG (up to 6mm)
Medium VIG (6mm to 12mm)
Thick VIG (above 12mm)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Vacuum Insulating Glass (VIG) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Vacuum Insulating Glass (VIG) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Vacuum Insulating Glass (VIG) Market, By Type
6. South Korea Vacuum Insulating Glass (VIG) Market, By Application
7. South Korea Vacuum Insulating Glass (VIG) Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Vacuum Insulating Glass (VIG) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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