Flexible Spacer Market Size, Share, Growth, And Industry Analysis by Type (Plastic Spacers and Plastic/Metal Hybrid Spacers) By Application (Residential Application and Commercial Application), Regional Insights, and Forecast To 2031

Updated On: 11 September 2023

Flexible Spacer Market Report Overview

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The global flexible spacer market size was USD 843.3 million in 2021 and is expected to reach USD 2222.47 million in 2031, exhibiting a CAGR of 10.2% during the forecast period.

Flexible spacers are small materials made up of plastic or a hybrid of plastic and metal, that supports two panes of glass in a multi-gazed window. It can also support three panes of glass. They keep the window panes in place. This allows for the possibility of the creation of an air space filled with noble gases such as argon or krypton. Flexible spacers are an integral component of every window as they promote the structural integrity of the window. They also keep the thermal and moisture seal of the window intact. This improves the effectiveness of the window.

Flexible spacers are durable, strong, and come with advanced insulating capabilities. They are also energy efficient in nature. Flexible spacers also include a drying agent known as a desiccant which absorbs the moisture that enters the window. Flexible spacers offer less condensation build-up and better R-values. They are also more soundproof. They are used alongside organic sealants which provide structural support to the window and also act as a moisture barrier.

COVID-19 Impact: Halt of Operations to Impede Growth

The global COVID-19 pandemic has been unprecedented and staggering, with flexible spacers experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

The COVID-19 pandemic has disrupted all areas of business and production. The lockdowns which were imposed halted production activities of flexible spacers. The major manufacturers and users of flexible spacers, North America, and the Asia Pacific suffered enormously due to COVID-19, whether in terms of the number of people infected or the regression of the economy. The supply chain was completely disrupted and exports and imports were harder to manage. This led to reduced usage of flexible spacers in other parts of the world as well. Industrial activities were halted in many parts of the world so the production levels had considerably reduced in many areas. Factories are one of the major consumers of flexible spacers. This reduced production level affected the flexible spacers market significantly.

Latest Trends

"Sustainability of Flexible Spacers to Augment Growth"

Environmental protection and conservation have been receiving much-needed attention today. Governments, companies, and individuals are all doing their role in preserving the environment for the present and future generations. Flexible spacers are the most energy-efficient spaces in the market. They help in protecting ozone layer depletion by reducing the usage of air conditioners. All production activities are under immense scrutiny to be as sustainable as possible. This is going to lead to the flexible spheres market growth in the coming years as people become more and more active in the environmental protection sphere.

Flexible Spacer Market Segmentation

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• By Type Analysis

According to type, the flexible spacer market can be segmented into plastic spacers and plastic/metal hybrid spacers. Plastic spacers hold the majority of the flexible spacers market share.

• By Application Analysis

Based on application, the flexible spacers market can be bifurcated into residential applications and commercial applications. Residential applications dominated the flexible spacers market.

Driving Factors

"Ability to Accommodate Stresses to Improve Growth"

Flexible spacers have a great ability to accommodate stresses received by the window panes. The window panes expand and contract due to changes in temperatures. In very hot weather, they expand. In very cold weather, they contract. This creates a difference in pressure in different weathers. Due to climate change, the level of heat in the atmosphere is rising rapidly. More and more people are suffering from global warming. Due to these extreme changes in temperature, it is very important for flexible spacers to accommodate these changes in stress. The flexibility of the spacers ensures that the sealant does not collapse or break even while experiencing strong pressures. The strong seal on the window is a great driver for the flexible spacers market.

"Great Insulation Properties to Stimulate Flexible Spacers Market Growth"

As the global temperature increases every year, it is increasing the pressure on air conditioners and furnaces to keep the insides of buildings and homes cool. Flexible spacers have strong insulation properties. They trap the outside heat, thus reducing the heat levels. This paves the way for reduced usage of cooling agents such as air conditioners. Air conditioners are very harmful to the environment, as they release chlorofluorocarbons into the atmosphere and damage the ozone layer. This further increases global warming and worsens the climate change crisis. The flexible spacers market size is going to increase considerably in recent years due to this.

Restraining Factors

"Availability of Alternatives to Challenge Growth"

New alternatives are being developed for flexible spacers recently. These new alternatives will increase the performance of the material and maximize the efficiency of the flexible spacer. As these alternatives gain more prominence, it is going to be increasingly difficult for flexible spacers to maintain dominance in the market. This is going to challenge the growth of the flexible spacers market share.

Flexible Spacer Market Regional Insights

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"North America to Lead Global Share owing to Increasing Demand "

North America is the biggest consumer of flexible spacers. The region has a high number of households that use flexible spacers. As industrial development further improves, the demand for flexible spacers will also increase. The Asia Pacific follows North America in terms of the consumption of flexible spacers. The Asia Pacific region has a huge number of manufacturing plants and factories that make use of flexible spacers. The growing population in this region will constitute a major part in the flexible spacers market share.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Swisspacer (Switzerland)
• Ensinger (Germany)
• Technoform Glass Insulation (Germany)
• Glasslam (Mauritius)
• Alu-Pro (Rolltech) (Italy)
• Edgetech (Quanex) (India)
• Viracon (U.S.)
• AGC Glass (Japan)
• Thermoseal (U.K.)
• KOMMERLING (Germany)
• Nantong Heding Building Materials Technology (China)
• Lyva Building Decoratio
• Nanjing Nanyou Energy Saving Technology (China)
• Nanjing Nanyou New Materials (China)
• Liaoning Shuangqiang Plastic (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.