Friday, May 3, 2024

Global Solar Control Glass Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

Solar control glass is a high-tech item created by the glass industry that allows sunlight to enter a window or façade while reflecting and radiating a significant amount of the heat from the sun. The indoor environment remains much brighter and cooler than would be the case if the ordinary glass were used.

Sizing and Forecast
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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Segmentation & Regional Insights
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

Europe was the largest region in the solar control glass market in 2023. 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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Major Driver Impacting Market Growth
The rising green building practices globally are key factors driving the solar control glass market growth. Green buildings are environmentally sustainable and produce low carbon emissions. Solar control glass functions as green glass; therefore it can be utilized to build sustainable structures to improve sustainability. According to the 2021 World Green Building Trends report, green building activity is expected to rise over the next three years. 28% of survey respondents stated that they were implementing green building strategies in more than 60% of their projects and by 2024, 42% of respondents plan to build more than 60% of their projects using green practices. Thus, rising green building practices will increase the demand for solar control glass.

Key Industry Players
Major companies operating in the solar control glass market report 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.

The solar control glass market report table of contents includes:
1. Executive Summary

2. Solar Control Glass Market Characteristics

3. Solar Control Glass Market Trends And Strategies

4. Solar Control Glass Market - Macro Economic Scenario

5. Global Solar Control Glass Market Size and Growth
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31. Global Solar Control Glass Market Competitive Benchmarking

32. Global Solar Control Glass Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Solar Control Glass Market

34. Solar Control Glass Market Future Outlook and Potential Analysis

35. Appendix


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