Increase in demand from construction and automotive industries globally are the major factors influencing market growth.
Market Size â€“ USD 5.30 billion in 2018, Market Growth – CAGR of 4.8%, Market Trends â€“Rise in number of commercial buildings
NEW YORK, April 24, 2019 (GLOBE NEWSWIRE) — The Solar Control Glass Market is expected to reach USD 10.59 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with increasing demand from construction & building industries globally. Based on statistics, increased demand from automotive industry is expected to become the most common growth interest globally in the coming years.
Solar control glass is a type of glass with special coatings that reduce the amount of heat entering into buildings and reflects a significant portion of sunlight, thereby making the indoor space fresher and brighter. The increasing use of glass in modern buildings and the growing awareness of people’s comfort have resulted in the more effective use of solar control glass in the buildings and automotive market. It allows a minimum sunlight to pass through and reflects a high amount of solar heat thereby making it more favorable for green building applications. The growing trend of green buildings constructions with high energy efficiency and reduced CO2 emissions is expected to drive the market demand for solar control glass over the forecast period.
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Key participants include NSG, AGC Glass, Saint-Gobain, PPG Glass Industries, Guardian Glass, Sisecam Flat Glass, Euroglas GmbH, AIG, SYP Glass, XINYI
APAC accounts for the largest market share of 35.31% in 2018. The emerging economies in developed countries like India and China are one of the significant reasons for the growth of the market in APAC. The favorable government policies in Japan and China are expected to encourage demand for this market. The increasing usage in the automotive industry resulting in reduced air conditioning costs is expected to impact the demand for solar control glass positively over the forecast period.
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Further key findings from the report suggest
Segments covered in the report:
This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2019 to 2026. For the purpose of this study, Reports and Data have segmented the Solar Control Glass Market on the basis of Product, Thickness, application and region:
Product (Revenue, USD Million; 2016-2026)
Thickness Outlook (Revenue, USD Million; 2016-2026)
Application Outlook (Revenue, USD Million; 2016-2026)
Regional Outlook (Revenue, USD Million; 2016-2026)
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