Market Research Future (MRFR) has published a“Global Solar Control Glass Market”
MRFR recognizes the following companies as the key global solar control glass market players— Asahi Glass Company, Saint Gobain, NSG, Xinyi Auto, CSG Architectural, Corning, Central Glass, Schott, Sisecam, Asahi India Glass.
Market Highlights
The global solar control glass market is accounted to register a CAGR of 10.3% during the forecast period and is estimated to reach USD 15.7 billion by 2032.
Solar control glass has a special coating designed to limit the amount of heat entering a specific area. The solar control coating on the glass reflects heat from the sun outside the place it has been installed, such as a building, automobile, or greenhouse. It considerably limits the heat that can travel through, resulting in more usable and comfortable space. Along with absorbing and reflecting heat, these glasses also filter out light and decrease glare, keeping the inside cooler in the summer and decreasing the need for air conditioning. Different sun control glasses provide a variety of appearances, including reflecting, tinted, and neutral.
The growing use of solar control glasses in automobiles drives the market. They increase mileage and reduce fuel consumption by reducing the heat load on the car while minimizing the demand for air conditioning. This is further encouraged by consumer preferences for low-cost, energy-efficient vehicles. Significant demand for solar control glass in residential and commercial buildings is also driving growth as people become more mindful of the exorbitant expense of air conditioning. Rapid urbanization, rising worries about carbon dioxide emissions, growing awareness about climate change, and the rise of smart construction activities are major other factors propelling the global solar control glass market forward.
Browse In-depth Detailed Research Report [Table of Content, List of Figures, List of Tables] of Solar Control Glass Market Trends
Segment Analysis
The global solar control glass market has been segmented based on application.
The global solar control glass market has been segmented based on application into residential buildings, commercial buildings, and automotive. The chemical analysis segment was expected to hold the largest market share in 2022.
Regional Analysis
Based on region, the global solar control glass market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of US and Canada. The Europe solar control glass market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The solar control glass market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World solar control glass market comprises the Middle East, Africa, and Latin America.
The North American solar control glass market is the largest revenue-generating region globally, owing to high demand for energy-efficient buildings, increasing awareness of sustainable architecture, and rising concerns over carbon emissions. Additionally, the region's well-developed construction industry, stringent building codes, and favorable government initiatives have all contributed to the growth of the solar control glass market. Besides, the increasing adoption of advanced technology and the emergence of new players in the market are also expected to drive growth in the North American solar control glass industry over the forecast period.
The European solar control glass market is rapidly expanding due to increased government spending on sustainable construction, a greater emphasis on energy efficiency, and rising demand for eco-friendly building materials. Moreover, well-established regional companies, a mature construction industry, and strong laws for sustainable construction practices will fuel market expansion in the coming years.
The Asia-Pacific solar control glass market is expected to witness significant growth over the forecast period, owing to rising construction activities, increasing investments in infrastructure, and growing demand for energy-efficient solutions. The region's increasing population, urbanization, and rising disposable incomes will likely boost demand for solar control glass solutions. Additionally, supportive regional government policies, the adoption of advanced technologies, and collaborations between businesses and academic institutions are expected to drive the growth of the solar control glass market.
Other regions, such as Latin America, the Middle East, and Africa, are also expected to witness growth in the solar control glass market due to increasing investments in infrastructure development, a growing focus on sustainable construction practices, and rising demand for energy-efficient solutions. However, these regions may face challenges related to limited resources and infrastructure, which could impact the growth of the solar control glass industry to some extent.
Key Findings of the Study
- The global solar control glass market is expected to reach USD 15.7 billion by 2032, at a CAGR of 10.3% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market for solar control glass due to increasing construction activities, rising urbanization, and the implementation of favorable government policies and regulations.
- Based on application, the commercial buildings segment was attributed to holding the largest market in 2022, with an approximate market share of 43.6%.
- Asahi Glass Company, Saint Gobain, NSG, Xinyi Auto, CSG Architectural, Corning, Central Glass, Schott, Sisecam, Asahi India Glass.
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Companies Covered | 15 |
Pages | 128 |
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