The global solar control glass market size was valued at USD 5.17 billion in 2018 and is projected to reach USD 10.68 billion by 2026, exhibiting a CAGR of 9.5% during the forecast period. The global solar control glass market size is expected to witness significant growth backed by increasing adoption of technology and growing awareness regarding ill-effects of carbon emissions across the globe. Fortune Business Insights, publish this information in its latest report, titled “Solar Control Glass Market Size, Share & Industry Analysis, By Application (Residential Buildings, Commercial Buildings, and Automotive), and Regional Forecast, 2025-2032.”
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Segmentation Analysis:
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Commercial buildings lead the market, driven by rapid industrialization and construction growth in emerging economies like China, India, and South Africa.
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Residential buildings are growing due to rising population, repair, and renovation trends in developing countries.
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Automotive demand is increasing as manufacturers integrate solar control glass into vehicle designs, boosting adoption.
Drivers and Restraints:
Technological Advancements in the Product to Augur Growth
In May 2020, Ferro, a leading enamel manufacturer, collaborated with Guardian Glass to develop new age solutions for edge-enameling sputter coatings. The new technology creates a uniform and stable ceramic surface that can be beneficial to provide efficient coated glass for several applications such as glass roofs, structural glazing, and louvre windows, among others. Furthermore, increasing adoption of technology such as solar control glazing to minimize temperature in commercial and residential building is expected to contribute to the growth of the market during the forecast period. Moreover, increasing emphasis on reducing carbon emission by introducing solar control glass in automotive will bolster the global solar control glass market.
Regional Analysis:
High Investments for Infrastructure Development in Asia-Pacific to Spur Demand
Among the regions, the market in Asia-pacific was worth USD 626.6 million in 2018 and is expected to hold the highest global solar control glass market revenue during the forecast period. This is ascribable to factors such as large-scale investment in infrastructural development by the governments of countries such as India, South Korea, and China. North America, on the other hand, is likely to witness growth owing to awareness among people for energy-saving technologies along with supportive government policies.
The market in Europe is expected to witness significant growth for the market during the projected horizon. This is ascribable to factors such as increasing adoption of green solutions in development of commercial and residential buildings in the region.
Competitive Landscape:
Product Launches by the Companies to Stoke Demand
The global solar control glass market is highly organized comprising of players keen to maintain stronghold and consolidate their position. They are doing so by adopting strategies such as launching innovative products, expansion of product offerings, collaboration, and merger and acquisition. The fiercely competitive market provides exciting opportunities for the companies to strengthen their place and maintain presence. For instance, in June 2020, LG SIGNATURE, a global premium brand, announced its portfolio expansion strategy over the United States by launching the novel LG SIGNATURE Wine Cellar. According to the company, the new product is capable of controlling humidity levels and temperatures to enable ideal storage option for a variety of wines. Furthermore, it contains a three-layered dark tinted glass door that efficiently blocks light, heat, and UV rays to preserve the quality of the wines.
List of the Companies Operating in the Market:
- Asahi Glass Company
- Saint Gobain
- NSG
- Xinyi Auto
- CSG Architectural
- Corning
- Central Glass
- Schott
- Sisecam
- Asahi India Glass
- Other Players
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