How is the Booming Construction Sector Contributing to Surge of Global Solar Control Glass Market?

One of the biggest factors propelling the demand for solar control glasses across the world is the soaring number of government initiatives and incentives, in the form of tax relief and tax benefit schemes, for the development of residential and commercial buildings, in several countries. For instance, policies like tax relief to construction manufacturers and 100% foreign direct investment (FDI) for infrastructure development, launched by the Indian government some years ago, have significantly boosted the adoption of solar control glass in the country.

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The Development Bank for Brazil, Russia, India, China, and South Africa (BRICS) was established in 2014 for providing funding for infrastructural development in member nations, which helps in promoting the construction sector in these countries, thereby causing a huge growth in the demand for solar control glasses. In addition to this, the rapid technological advancements in the construction sector and the rising awareness amongst the people regarding the soaring pollution levels have resulted in the development of technologically advanced solar control glasses by the manufacturers.

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Driven by the above-mentioned factors, the global solar control glass market is expected to demonstrate huge growth in the coming years. Engineers and architects all around the world are pursuing technological advancements that are allowing them to improvise the properties of functional glass, with respect to light and radiation. Solar control glasses have a coating which considerably reduces the amount of heat entering a building, which, in turn, plays a major role in creating a sustainable green environment and building design. According to the European Union (EU), the integration of solar control glasses in residential and commercial buildings can help in reducing carbon dioxide emissions by almost 15 million tonnes every year.

Leading players of the global solar control glass market include Guardian Industries, Asahi Glass Co. Ltd., Nippon Sheet Glass Co. Ltd., Taiwan Glass Group, Saint-Gobain S.A., and Trakya Cam Sanayii A.Ş.

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This release was published on openPR.