Global Solar Control Glass Market Overview
Solar Control Glass Market Size was valued at USD 6.5 billion in 2022. The solar control glass market is projected to grow from USD 7.1 Billion in 2023 to USD 15.7 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.3% during the forecast period (2023 - 2032).Increased demand for green buildings, government initiatives for energy-efficient structures, and rising awareness about energy conservation are the primary market drivers propelling Solar Control Glass Market expansion.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Solar Control Glass Market Trends
-
Increasing demands for sustainable buildings and energy-efficient solutions to drive market growth
Solar control glass is a form of glass with a specific coating designed to minimize the heat that enters a structure. It absorbs and reflects heat and filters light to reduce glare. Solar control glass eliminates the need for air conditioning. The solar control coatings on the glass reflect heat from the sun outside the conservatory, keeping the interior cooler in the summer and greatly reducing the amount of heat that can pass through the conservatory, making it a more useable and comfortable living area. Solar control glass is used in dual-glazing windows with self-cleaning systems and attractive glass solutions. Combining sun control glass with Low E thermal insulation provides year-round comfort.
Green construction is a comprehensive concept that a structure positively impacts climate conditions and the natural environment through its design, operation, or construction. Green construction has several advantages, including renewable energy, pollution & waste reduction, non-toxic materials, enhanced design, operation, and structure quality, and the ability to adapt to changing environmental conditions. The green construction process comprises structural planning, construction, design, and operational considerations for water consumption, energy use, material section, and indoor environmental quality. Green construction technology usage is predicted to boost market CAGR growth.
Moreover, solar control glazing is a device that helps to reduce the temperature in buildings induced by sunshine. Solar control glazing reduces pressure on building air-conditioning systems and lowers carbon emissions, making a structure more beautiful and efficient. This breakthrough will propel the coated solar control glass industry forward. In addition, rapid urbanization, rising concerns about carbon dioxide emissions, growing awareness about climate change, and the global expansion of smart construction activities are other factors driving the solar control glass market revenue growth.
Solar Control Glass Market Segment Insights
Solar Control Glass Application Insights
Based on application, the Solar Control Glass Market segmentation includes residential buildings, commercial buildings, and automotive. The commercial buildings segment dominated the global market, accounting for 43.6% of market revenue (2.8 billion). The necessity for energy-efficient buildings that cut cooling costs, minimize carbon emissions, and provide comfortable indoor conditions drives the demand for solar control glass in commercial buildings. Besides, regulations and building rules requiring using energy-efficient materials in commercial buildings, such as solar control glass, are projected to boost market expansion. The expanding adoption of green construction practices and the increased emphasis on lowering carbon emissions will likely fuel demand for solar control glass in commercial buildings.
Figure 1: Solar Control Glass Market, by Application, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The residential buildings application segment is expected to grow at the fastest CAGR in the solar control glass industry in the coming years. The demand for residential construction is increasing as the population grows. An increasing trend in residential building repair and remodeling in various emerging countries propels market expansion for solar control glass. Furthermore, rising awareness of the benefits of employing solar control glass in residential buildings, such as enhanced energy efficiency, less glare, and increased privacy, will drive market development in the future years.
Solar Control Glass Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American solar control glass market was valued at USD 2.98 billion in 2022 and is expected to grow at a significant CAGR during the study period. This can be attributed to a well-established construction industry in the region and stringent government regulations to reduce carbon emissions from buildings. Moreover, the rising demand for green buildings, increasing investments in infrastructure development, and the adoption of sustainable energy solutions in the region are also driving the growth of the solar control glass market.
Also, the major countries studied in the market report are the U.S., German, Canada, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Solar Control Glass Market Share By Region 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The European solar control glass market accounts for the second-largest market share. This expansion can be ascribed to factors such as the well-established European construction sector, increased investments in sustainable infrastructure development, and adoption of green building rules. Besides, government initiatives and laws aiming at decreasing energy usage and carbon emissions are propelling the expansion of the regional solar control glass market. Further, the German solar control glass market held the largest market share, and the UK solar control glass market was the fastest-growing market in the European region.
The Asia-Pacific Solar Control Glass Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the region's rapidly developing construction industry, pushed by increased urbanization and infrastructural development. Moreover, rising demand for energy-efficient buildings and the adoption of green building rules in countries such as China, India, and Japan are propelling the solar control glass market forward. The presence of many important industry players in the region is helping further to expand the Asia Pacific solar control glass industry. Furthermore, China’s solar control glass market held the largest market share, and the Indian solar control glass market was the fastest-growing market in the Asia-Pacific region.
Solar Control Glass Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, leading to the solar control glass industry growth. Strategic market developments such as new product launches, mergers & acquisitions, and collaborations with other organizations are helping major players to expand their global footprint and increase market demand. In addition, cost-effective solutions, such as local manufacturing to minimize operational costs, are being employed in the global solar control glass industry to benefit clients and increase market share.
Major players in the solar control glass market, including Saint-Gobain S.A., Asahi Glass Co. Ltd., Guardian Industries Corp., Nippon Sheet Glass Co. Ltd., and PPG Industries Inc., among others, are focused on staying ahead in this highly competitive market by investing in R&D operations and delivering innovative products that cater to the evolving demands of customers. With the increasing focus on sustainability and energy-efficient solutions, the solar control glass industry is witnessing a rise in demand for smart glass and advanced glazing systems.
Asahi Glass Co. Ltd is a Japanese multinational firm with glass, electronics, and chemicals operations. It is one of the world's largest glass manufacturers, producing solar control glass to limit the amount of solar heat that enters a structure. Asahi Glass offers a variety of solar control glass products, including clear, tinted, and reflective glass, as well as low-emissivity glass, which helps to save energy by keeping heat inside during the winter and blocking it out during the summer. In 2018, the firm introduced a new product called SunactTM, which has a distinct color and reflection that contributes to a more comfortable interior atmosphere. SunactTM is also engineered to provide good thermal insulation, which aids in energy cost reduction.
Saint-Gobain is a French multinational firm specializing in designing, manufacturing, and selling construction materials, high-performance materials, and glass goods. The corporation, founded in 1665, has its headquarters in Paris, France, and works in 70 countries with over 170,000 people globally. Saint-Gobain's goods include flat glass, mirrors, and glazing solutions for buildings, as well as different construction materials, insulation, and performance polymers. Its glass products are utilized in various applications, including sun control, acoustic insulation, and energy efficiency. The business announced the release of SageGlass Harmony in 2020, a dynamic glass product that enables consumers to customize the tint of the glass to their preferred degree, ensuring the best possible solar control and daylighting.
Key Companies in the solar control glass market include
- Asahi Glass Company
- Saint Gobain
- NSG
- Xinyi Auto
- CSG Architectural
- Corning
- Central Glass
- Schott
- Sisecam
- Asahi India Glass
Solar Control Glass Industry Developments
July 2021 Schott announced the release of its new SCHOTT TIKANA solar control glasses. These glasses improve thermal insulation and help to minimize the amount of solar heat that enters a structure, resulting in increased energy efficiency.
June 2018 Asahi India Glass Ltd has launched a new ornamental architectural glass series. Through a wide spectrum of functionality and exceptional visual appeal, this strives to transform living spaces and improve lifestyles. The glass spans from patterned heat-reflective glass that can be used for the building's exteriors and interiors while giving a rich and elegant appearance.
Solar Control Glass Market Segmentation
Solar Control Glass Application Outlook
- Residential Buildings
- Commercial Buildings
- Automotive
Solar Control Glass Regional Outlook
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
Report Attribute/Metric |
Details |
Market Size 2022 |
USD 6.5 billion |
Market Size 2023 |
USD 7.1 billion |
Market Size 2032 |
USD 15.7 billion |
Compound Annual Growth Rate (CAGR) |
10.3% (2023-2032) |
Base Year |
2022 |
Market Forecast Period |
2023-2032 |
Historical Data |
2018- 2022 |
Market Forecast Units |
Value (USD Billion) |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
Application and Region |
Geographies Covered |
Europe, North America, Asia Pacific, and the Rest of the World |
Countries Covered |
The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled |
Saint Gobain, Asahi Glass Company, Xinyi Auto, CSG Architectural, NSG, Central Glass, Corning, Schott, Asahi India Glass, Sisecam |
Key Market Opportunities |
Emerging trends of smart homes and smart cities that require advanced building materials and technologies |
Key Market Dynamics |
Increased awareness about the benefits of solar control glass in terms of improved comfort and reduced glare Expansion of the automotive industry and the use of solar control glass in vehicles |
Solar Control Glass Market Highlights:
Frequently Asked Questions (FAQ) :
The Solar Control Glass Market size was valued at USD 6.5 Billion in 2022.
The global market is projected to grow at a CAGR of 10.3% during the forecast period, 2023-2032.
North America had the largest revenue share of the global market.
The key players in the market are Saint Gobain, Asahi Glass Company, Xinyi Auto, CSG Architectural, NSG, Central Glass, Corning, Schott, Asahi India Glass, and Sisecam.
The commercial buildings category dominated the market in 2022.