U.S. SECONDARY GLAZING MARKET ANALYSIS
US Secondary Glazing Market was valued at US$ 55.2 Mn in 2022, exhibiting a CAGR of 5.25% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 83.1 Mn by 2030. When new windows are not suitable for the house, secondary glazing is quite useful. It is perfect for classic homes, listed buildings, and properties in conservation areas, and homes that jUSt don't require replacement. Sturdy and long-lasting frames made of thin aluminum can be USed for many years.
Rising investment by the government in energy-efficient solutions to boost the real-estate sector is expected to propel market growth. Real estate owners increasingly adopting the energy-efficient solution to reduce their carbon footprint. According to Forbes, existing buildings account for 40% of North American energy USe, and also account for at least 35% of total carbon emissions. Hence, rising investment by the government in adopting smart energy solutions is projected to fuel market growth.
A growing number of acquisitions among major players in the US is expected to fuel the market growth of secondary glazing. For instance, in November 2019, MI Windows and Doors finalized its acquisition of Milgard Windows & Doors from Masco Corporation today. The acquisition combines two leading brands in the residential window indUStry and positions MI to become the most well-known window bUSiness in America.
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