Global solar control glass market was valued at USD4.2 billion in 2015. It is forecast to grow at a CAGR 9.3% during the forecast period. The glass industry's latest offering is solar control glass. It reflects large amounts of the sun's radial warmth and helps keep indoor temperatures down, as opposed to normal float types.
Due to the increased use of solar control glass in commercial buildings, the market is expected to expand significantly. Increased awareness about carbon dioxide emissions from air conditioners has led to increased use of solar control glasses in construction projects like the Gibraltar Airport in Gibraltar and the Onyx Hotel Hamburg.
The global industry will benefit from a growing emphasis on reducing carbon oxide emissions. The European Union's mandatory emission reduction targets for new cars will have a positive effect on solar glass demand.
It also has the ability to cool down in extreme temperatures. This makes it suitable for use in all climates. The product's ability to provide adequate cooling will likely increase demand in tropical countries like Brazil, Singapore, Malaysia, and Malaysia.
Saint-Gobain, AGC and other major manufacturers have invested in Africa and raw material rich countries like Morocco to increase their competitiveness in the sector. This will allow manufacturers to access new markets and lower production costs.
The largest segment was commercial buildings, which accounted for 56.7% of total volume in 2015. This is due to an increase in commercial buildings and rising concerns about high air conditioning costs.
Automotive will experience a 8.4% CAGR in volume over the forecast period. Major car manufacturers, such as Ford-Chrysler USA LLC or Mercedes, will integrate this product into their vehicle designs to drive segment growth.
The European Automobile Manufacturers'Association (ACEA) has specified the usage of solar control glass in automobiles in a report, which states various benefits of the product such as reduction of heat load on the vehicle, substantially reducing the need for A/C. This results in higher mileage and lower fuel consumption.
The second most popular application was residential buildings. The North American and Europe are the main markets for this product. Due to the increasing number of residential building construction projects in these areas, this product will see steady demand in Asia Pacific and MEA.
Asia Pacific will be the region with the fastest-growing regional market for solar control glass. The forecast period sees a volume-based CAGR exceeding 12.0%. This region's growth is due to changes in climatic conditions as well as an increase in residential and commercial buildings. This product will be in high demand due to the region's infrastructure investments.
Due to its early adoption and increased use in commercial and residential buildings, Europe is the market leader in global demand. Positive construction and automotive industry outlooks are responsible for North America's growth. Due to the upcoming construction projects, Middle East demand is expected to rise significantly. Due to rising inflation and instabilities in the political environment, Latin America will experience slower growth.
Because of the few players such as Saint-Gobain, AGC Europe and NSG, the market is well-consolidated. The market is dominated by key players who produce solar control glass for architectural purposes on a larger scale. To promote the use of the product in automobiles, manufacturers are now looking to form alliances with automakers. PPG Industries Inc., Guardian Glass; Asahi India and CSG Architectural Glass are other players in this market.
Up Market Research published a new report titled “Solar Control Glass Market research report which is segmented by Application (Commercial, Automotive, Residential), By Players/Companies PPG Industries Inc; Guardian Glass; Asahi India; CSG Architectural Glass; Arcon Flachglass Veredlung Gmbh Co & KG; Sisecam Flat Glass; Cardinal Glass; and Euroglas GmbH”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Solar Control Glass Market Research Report |
By Application | Commercial, Automotive, Residential |
By Companies | PPG Industries Inc; Guardian Glass; Asahi India; CSG Architectural Glass; Arcon Flachglass Veredlung Gmbh Co & KG; Sisecam Flat Glass; Cardinal Glass; and Euroglas GmbH |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 218 |
Number of Tables & Figures | 153 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Application (Commercial, Automotive, Residential).
Solar Control Glass Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Solar Control Glass Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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