The
global solar control glass market is expected to reach
USD 8.88 billion by 2024, according to a new report by Grand View Research,
Inc. Increasing demand owing to positive construction and automotive industry
outlook is expected to propel solar control glass market growth.
Solar
control glass allows a significant amount of sunlight to pass through and
reflects a large amount of solar heat thus making it suitable for green
building applications. The growing trend of green buildings constructions with
high energy efficiency and reduced CO2 emissions is expected to
drive market demand for solar control glass over the forecast period.
Germany solar control glass market revenue, by application, 2013 - 2024 (USD Million) |
The
demand is driven by countries such as U.S and Germany where there is a growing
trend of green buildings. The favorable government policies in China and Japan
are expected to boost demand for this product. The growing usage in the
automotive industry owing to reduced air conditioning costs will have a
positive impact on demand for solar control glass over the forecast period.
Browse full
research report on Solar Control Glass Market: www.grandviewresearch.com/industry-analysis/solar-control-glass
Further key
findings from the study suggest:
- Commercial buildings will witness the fastest
growth at a CAGR of 9.1% in terms of volume from 2016 to 2024 as a result
of increasing projects that are energy efficient coupled with government
regulations promoting energy efficient buildings.
- European market was valued at USD 1.74 billion
in 2015 and will show significant rise owing to growing demand for
commercial buildings with provisions to reduce the CO2 emissions
resulting from the air conditioning in the building. Growing automotive
industry in in Germany is expected to propel demand for this product.
- MEA will witness significant revenue growth at
a CAGR of 10.1% from 2016 to 2024 in light of the increasing construction
projects and arid climatic conditions in that region.
- Key participants include NSG, AGC Glass Europe,
and Saint-Gobain together accounting for a major market share in 2015.
Other prominent players include PPG Glass Industries, Guardian Glass,
Sisecam Flat Glass and Euroglas GmbH.
- Companies are focusing on increasing their
footprint within the global solar control glass industry through various
strategic initiatives. For instance, in June 2016, PPG announced the sale
of its European fiberglass operations to Nippon Electric Glass Co. to
focus on growing market of low emissivity solar control glass. In July
2016, AGC introduced Ipasol neutral 70/37 and Ipasol light gray 60/33
solar control glass products in the market to meet the growing demand.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Grand View Research has segmented the global solar control glass market
on the basis of application and region:
Application
Outlook (Volume, Million Square Meter; Revenue, USD Million, 2013 - 2024)
- Commercial
Buildings
- Residential
Buildings
- Automotive
Regional
Outlook (Volume, Million Square Meter; Revenue, USD Million, 2013 - 2024)
- North
America
- U.S.
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- Latin
America
- Brazil
- MEA
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-solar-control-glass-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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