Press release
Solar Control Glass Market – Analysis and Forecast To 2024, Asahi Glass Co. Ltd., Nippon Sheet Glass Co. Ltd., Guardian Industries, Taiwan Glass Group, Trakya Cam Sanayii A., PPG Industries Inc., CSG Holding Limited
Global solar control glass market was valued at USD 5,401.3 million in 2018 and is expected to grow at a CAGR of 9.0% during the forecast period 2019–2024. The incremental development of both commercials, as well as residential buildings and a tremendous rise in BIPV market (Building Integrated Photovoltaic), are major factors contributing towards the growth of the solar control glass market globally.
Solar control glass is excessively being used for reducing the gain of solar heat and helps in dispersing a huge amount of natural light enabling a comfortable and pleasant stay for individuals.
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Market Segmentation
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.
Insight by Application
On the basis of application, solar control glass market is segmented into commercial buildings, residential buildings and automotive. In 2018, among all these applications commercial building segment is projected to occupy the largest share in the global solar control glass market. These glasses help in decreasing the requirement for costly obtrusive blind windows and air-conditioners. Moreover, solar control glasses reflect an infrared (IR) component that eliminates the huge amount of heat in entering buildings, as a result, it helps in reducing unpleasant glare. However, it enables efficient transmission of natural sunlight into the interior of the buildings.
Geographic Overview
Asia-Pacific is expected to witness the fastest growth in the global solar control glass market. Large number of population, increasing disposable income and swelling construction industry in this region are the major factors contributing towards the growth of solar control glass market. Moreover, technological upgradation, supportive government regulations and increasing demand for BIPV market in the region are further accelerating the growth of solar control glass in Asia-Pacific.
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Competitive Insight
Market players in the solar control glass market are constantly upgrading and enhancing their technological efficiency in order to provide the 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.
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Email: kundan@vynzresearch.com
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VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies.
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