The global solar control glass market was pegged at USD 5,401.3 million in 2018 and is expected to reach USD 9,016.9 million by 2024. Extensively being driven by the incremental development of both commercial as well as residential buildings and tremendous rise in BIPV market (Building Integrated Photovoltaic) solar control glass market is expected to brace in the near future. The solar control glass market is poised to grow at CAGR of 9.0% during the forecast period (2019–2024).
The accelerating growth of BIPV (Building Integrated Photovoltaic) market is the major factor driving the growth of global solar control glass market. BIPV helps in developing on-site electricity from the sun rays without hampering the resources or spreading pollution. It is integrated in the building as a part of design by the developers; replace traditional building materials and helps in generating power.
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According to a recent report, these new designs are infused in several buildings in Europe although it is still at the introduction stage of product lifecycle in Canada. Furthermore, technological upgradation in solar control glass market is further anticipated to rapidly affect the growth of solar control glass market during the forecast period. According to a report published by EU, solar control glasses helps in significantly reducing carbon dioxide emission in Europe in a year by approximately 15 million tons. These technological improvements in this market will help in saving energy by eliminating the unwanted load generated from air-conditioners.
In terms of application, solar control glass is segmented into commercial buildings, residential buildings and automotive. Among all the applications, commercial building is occupying largest market share in this segment of global solar control glass market as these glasses helps the building in decreasing the requirement for costly obtrusive blind windows and air-conditioners. Moreover, the solar control glass enables efficient transmission of sunlight and helps in protecting the environment of building from excessive heat along with protecting the furniture from not fading away.
Based on product, the global solar control glass market is categorized into absorbing solar control glass, and reflective solar control glass. Among these two, the reflective solar control glass category accounts for the larger market share of more than 55.0% in 2018 in the global market owing to the increasing demand from construction and automotive industries.
Based on thickness, the global solar control glass market is segmented into <3mm, 3-5mm, and >5mm. Of all, the 3-5mm thickness category is expected to witness fastest growth during the forecast period.
Geographically, Asia-Pacific was the largest solar control glass market due to extensive construction of residential as well as commercial buildings. Furthermore, stringent regulatory frameworks by government for environmental regulations are driving the growth of solar control glass market in this region.
Moreover, Asia-Pacific is expected to witness fastest growth in the global solar control glass market. Large number of population, increasing disposable income and swelling construction industry in the region are the major factors contributing towards the growth of this market. Additionally, increasing demand for BIPV market, technological upgradation and supportive policies and reforms by government agencies is further accelerating the growth of solar control glass market in Asia-Pacific.
Market players in the solar control glass market are constantly upgrading and enhancing their technological efficiency in order to provide best offerings to its customers. Some of the key players operating in the global solar control glass market are Saint-Gobain S.A., Asahi Glass Co. Ltd., Nippon Sheet Glass Co. Ltd., Guardian Industries, Taiwan Glass Group, Trakya Cam Sanayii A.?., PPG Industries Inc., CSG Holding Limited, Arcon Flachglas-Veredlung GmbH & Co. KG, and Cardinal Glass Industries, Inc.
Global Solar Control Glass Market Coverage
Product Insight and Forecast 2014–2024
Thickness Insight and Forecast 2014–2024
Application Insight and Forecast 2014–2024
Solar Control Glass Market by Region
Middle East and Africa