Press release
Soaring Demand Set to Propel Solar Control Glass Market to $8.33 Billion by 2029
Solar Control Glass Market
What Is the Expected CAGR for the Solar Control Glass Market Through 2025?
The market size of solar control glass has experienced a significant surge in the past years. The market's worth will rise from $5.84 billion in 2024 to $6.2 billion in 2025, recording a compound annual growth rate (CAGR) of 6.3%. The past growth can be tied back to factors like initiatives towards reducing costs, heightened awareness concerning energy efficiency, rapid urbanization and construction growth, emphasis on eco-friendly buildings, and the demands of the automotive industry.
What's the Projected Size of the Global Solar Control Glass Market by 2029?
The market size of solar control glass is anticipated to witness robust expansion in the ensuing years. It's predicted to inflate to $8.33 billion by 2029, registering a compound annual growth rate (CAGR) of 7.7%. The uphill growth during the predicted period is linked to factors such as consumer inclination towards comfort, advancements in research and development, increasing need for UV protection, the move towards energy conservation, and architectural trends. The forecast period will also see the emergence of trends like the advent of smart glass technology, dynamic building designs, initiatives for building smart cities, addressing urban heat islands, smart solutions in the auto sector, and a focus on health and UV protection.
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Top Growth Drivers in the Solar Control Glass Industry: What's Accelerating the Market?
The growth of the solar control glass market is being fuelled globally by the expanding practices of green building. These buildings are not only eco-friendly but also produce minimal carbon emissions. Given that solar control glass embodies the attributes of green glass, it can be leveraged in the construction of sustainable buildings. For example, RubyHome, a US-based real estate company reported in September 2023 that the United States leads globally in the deployment of LEED-certified buildings and construction projects. They stated that there were over 511 million square feet of construction projects in the U.S. aiming for LEED certification in 2022. Consequently, the growing trend of green building practices will intensify the demand for solar control glass.
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What Trends Will Shape the Solar Control Glass Market Through 2029 and Beyond?
In the solar control glass industry, product innovation is emerging as an essential trend. To maintain their standing, prominent market participants are ushering in revolutionary technologies, such as those that save energy. The energy saved is determined by comparing the consumption before and after there is an improvement in energy efficiency. For example, AGC Obeikan, based in the United Arab Emirates, launched a novel solar control-coated glass - Stopray Ace-30T, targeted towards the MENA (Middle East and North Africa and surrounding regions) market. Stopray family products, with their superior solar control, are particularly beneficial for countries with a hot climate. The intention behind its double silver coatings of Stopray Ace-30T is to boost comfort and energy efficiency. The minor internal light reflection of this soft coating assures a clear external view, while nurturing a warm, sunlit interior ambiance.
What Are the Main Segments in the Solar Control Glass Market?
The solar control glass market covered in this report is segmented -
1) By Glass Type: Float Glass, Heat Strengthened Glass, Laminated Glass, Tempered Glass, Other Glasses
2) By Coating Method: Hard Coated, Soft Coated
3) By Nature: Electrochromic, Photochromic, Gasochromic, Other Nature
4) By Application: Residential, Commercial, Automotive, Other Applications
Subsegments:
1) By Float Glass: Clear Float Glass, Low-Emissivity (Low-E) Float Glass
2) By Heat Strengthened Glass: Heat Strengthened Clear Glass, Heat Strengthened Low-E Glass
3) By Laminated Glass: Laminated Safety Glass, Laminated Low-E Glass
4) By Tempered Glass: Tempered Clear Glass, Tempered Low-E Glass
5) By Other Glasses: Smart Glass (Electrochromic), Coated Glass, Insulated Glass Units (IGUs)
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Which Top Companies are Driving Growth in the Solar Control Glass Market?
Major companies operating in the solar control glass market are 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.
Which Regions Will Dominate the Solar Control Glass Market Through 2029?
Europe was the largest region in the solar control glass market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the solar control glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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