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.
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.
Full research report on solar control glass market analysis:
Further key findings from the report 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.
View
more reports of this category by Grand View Research at: https://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
o
U.S.
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
Japan
·
Latin America
o
Brazil
·
MEA
View
Press Release of this research report by Grand View Research: https://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.
For More Information: www.grandviewresearch.com
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.
For More Information: www.grandviewresearch.com
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