Global Solar Control Glass Market Size to Grow at a CAGR of 9.10% During the Forecast Period of 2023-2028
The ‘Global Solar Control Glass Market Price, Size, Share, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global solar control glass market, assessing the market on the basis of its segments like applications and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Solar Control Glass Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): More than USD 6.01 Billion
• Forecast CAGR (2023-2028): 9.10%
• Forecast Market Size (2028): Around USD 10.13 Billion
The rising emphasis on reducing energy consumption is one of the major growth factors for the solar control glass market. As solar control glass can reduce the heat passing through the glass, consequently keeping the interior of a building or car at a pleasant temperature level, its utilisation to lower the consumption of electricity is expected to increase in the forecast period.
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Solar control glasses are experiencing high demand from commercial and residential spaces due to their cost-effectiveness. Such glasses can control the heat and allow light during the daytime, due to which they are used to reduce the utilisation of artificial lighting and air conditioners. Other benefits associated with the glasses, such as ease of cleaning and enhanced durability, are likely to favour the solar control glass market.
One of the main factors influencing the market growth is the rising demand for cars with lower carbon emissions. Hence, the utilisation of solar control glasses to provide the benefits of delivering cooling effects without requiring an air conditioner is likely to favour the market.
Solar Control Glass Market Definition and Major Segments
Solar control glass refers to glass with a special coating that allows sunlight and a limited amount of heat to enter through the glass while reflecting radiation from the sun. These control glasses are coated with metal oxide on the internal face of the external pane. They are one of the best solutions for heat-related issues in cars and buildings.
The market segments, based on application, include:
• Residential Buildings
• Commercial Buildings
The major regional markets for solar control glass include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Solar Control Glass Market Trends
The introduction of stringent government regulations aimed at controlling carbon emission is promoting the applications of solar control glass. Besides, the construction and automotive sectors are increasingly utilising new technologies to control emissions from various sources, which is likely to aid the solar control glass market development.
The increasing green construction activities owing to the surging eco-consciousness and the growing trend of sustainability are driving the demand for solar control glasses as they reduce energy consumption and carbon emissions in buildings.
There is a growing awareness regarding the impact of internal building environments on the productivity and mood of occupants, especially in commercial settings like schools and buildings. Thus, the installations of solar control glass to maximise natural light while enhancing the thermal comfort of interior spaces are likely to increase in the forecast period.
Key Market Players
The major players in the global solar control glass market report include
• Saint-Gobain Group
• Vitro, S.A.B. de C.V.
• Guardian Industries Holdings, LLC
• Euroglas GmbH
• Asahi India Glass Limited
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.