Tremendous Growth Expected in Global Solar Control Glass Industry in Future

Solar control glass refers to the glass which consists of a special coating that reflects a major portion of sunlight, thereby, reducing the heat entering into a building. Installation of such glass, therefore, helps in cooling and brightening indoor spaces. Additionally, the usage of such glasses can also reduce the need for blinds and air-conditioning systems in newly constructed green buildings. Thus, the surging use of glass in modern buildings is resulting in the large-scale installation of solar control glasses in residential and commercial structures.

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Moreover, the surging use of building-integrated photovoltaic (BIPV) materials in the construction of new buildings as electricity sources will also help the solar control glass market advance at 9.2% CAGR during forecast period. According to P&S Intelligence, the market generated a revenue of $4,198.0 million in 2015. BIPV materials are used on vertical and horizontal surfaces, that help in generating solar energy in a large number of areas. Besides, the ongoing innovations being made in BIPV products such as transparent, insulated, and colored BIPV windows will create a huge requirement for solar control glasses in the coming years.

Geographically, Europe has emerged as the largest user of solar control glasses in the recent past, due to the escalating construction of commercial and residential buildings and the increasing number of emission reduction regulations in the region. Moreover, the surging use of novel technologies in energy conservation will augment the installation of such glasses in residential and non-residential structures, as they help in reducing the load on air conditioning systems. According to the European Union (EU), the usage of solar control glasses helps in reducing up to 15 million tons of carbon dioxide emissions annually.

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Thus, the strengthening construction sector and the booming BIPV industry will boost the integration of solar control glasses in residential and non-residential buildings in the coming years.

GLOBAL SOLAR CONTROL GLASS MARKET

By Application – Commercial Buildings, Residential Buildings, Automotive, Others
By Region – North America, Europe, Asia-Pacific, Rest of the World

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This release was published on openPR.