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Solar Control Glass Market 2024: Segmentation, Global Size, and Growth Insights
Solar Control Glass Global Market Report 2024
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According to The Business Research Company's, The solar control glass market size has grown strongly in recent years. It will grow from $5.54 billion in 2023 to $5.92 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to cost reduction initiatives, energy efficiency concerns, urbanization and construction boom, focus on green buildings, automotive industry demand.
The solar control glass market size is expected to see strong growth in the next few years. It will grow to $7.72 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to consumer demand for comfort, research and development, uv protection needs, shift to energy conservation, architectural preferences. Major trends in the forecast period include smart glass innovations, dynamic architectural designs, smart cities initiatives, urban heat island effect:, smart automotive solutions, health and uv protection.
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Market Drivers and Trends:
The rising need for energy-efficient buildings is expected to propel the growth of the solar control glass market in the coming years. Energy-efficient buildings are constructions that are planned and built to reduce energy use and increase energy efficiency. Solar control glass is a versatile solution that addresses multiple aspects of energy efficiency and comfort in buildings, making it a valuable component of modern, sustainable construction practices. For instance, in July 2023, according to the International Energy Agency, a France-based worldwide research and data collection organization, building energy efficiency investment climbed by around 14% to more than $250 billion in 2022, maintaining the recent strong expansion. Therefore, the rising need for energy-efficient buildings is driving the solar control glass market.
Product innovation is a key trend gaining popularity in the solar control glass market. Major market players are developing advanced technologies, such as energy-saving technologies to sustain their position. Energy savings refers to the amount of energy saved that is calculated by comparing the quantity consumed before and after a change in energy efficiency. For instance, AGC Obeikan, a United Arab Emirates-based company introduced a new solar control-coated glass - Stopray Ace-30T for the MENA (countries situated in and around the Middle East and North Africa) market. Stopray family products are especially well suited for hot climate countries because they provide optimal solar control. Stopray Ace-30T double silver coatings are intended to improve comfort and energy efficiency. This soft coating's minimal internal light reflection ensures a clear view of the outside world while generating a cozy sunshine ambiance interior.
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Major Key Players of the Market:
Asahi Glass Company Limited, Arcon Flach- und Sicherheitsglas GmbH & Co. KG, Cardinal Glass Industries Inc., PPG Industries Inc., Euroglas GmbH, Guardian Industries LLC (Koch Industries Inc.), Schott AG, Saint-Gobain S.A., Sisecam (Türkiye Is Bankasi A.S.), CSG Holding Limited, Shanghai Yaohua Pilkington Glass Group Company Limited, Taiwan Glass Group, Trakya Cam Sanayii A.S., Central Glass Company Limited, Nippon Sheet Glass Company Limited, Vitro Architectural Glass, Fuyao Glass Industry Group Company Limited, Xinyi Glass Holdings Limited, China Glass Holdings Limited, Guangdong Golden Glass Technologies Limited, Pilkington Group Limited, Qingdao Kangdeli Industrial & Trading Company Limited, Yaohua Glass Company Limited, Luoyang Glass Company Limited, Jinjing Group Company Limited, Hebei Yingxin Glass Group Company Limited, Shandong Jinjing Science and Technology Stock Company Limited, Suzhou Huadong Coating Glass Company Limited, Viracon Inc., Kawneer Company Inc.
Solar Control Glass Market 2024 Key Insights:
• The solar control glass market size is expected to see strong growth in the next few years. It will grow to $7.72 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
• Solar Control Glass Market Surges Amid Global Rise In Green Building Practices
• Innovative Solutions Drive Solar Control Glass Marketfocus On Energy Efficiency
• Europe was the largest region in the solar control glass market in 2023
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