Solar Control Glass Market Size and Share Analysis by Application (Residential Buildings, Commercial Buildings, Automotives), Coating Method (Hard Coated, Soft Coated), Type (Tempered Glass, Laminated Glass, Float Glass, Heat Strengthened Glass) - Global Industry Growth Forecast to 2030

Market Overview

The global solar control glass market size was valued at $5,625.98 million in 2021, and it will grow at a CAGR of 9.0% during 2021–2030, to reach $12,219.04 million by 2030. This is ascribed to the increasing focus on reducing carbon emissions. International organizations framed guidelines to regulate greenhouse emissions, which compel various countries to control carbon emissions by framing various policies.

With the rise in the construction of green residential and non-residential buildings to support sustainable development, the market is growing. The adoption of green constructions provides benefits including the use of renewable energy, pollution and waste reduction, and improved quality of design for the installation of solar panels.

Moreover, the demand for solar control glass is increasing, due to the surging awareness about the high cost of air conditioning units required in residential and commercial spaces and the rising focus on smart construction activities in order to tackle the change in climatic conditions.

Commercial Buildings Hold the Largest Share

The commercial buildings category held the major market share, of more than 50%, in 2021. This is due to the rising industrialization across the world, leading to the construction of commercial spaces including malls, corporate spaces, industrial facilities, and others. The major share of the contribution industry is coming from countries like China, India, Japan, and others.

For instance, various government programs like the Make in India and other real-estate reforms like the implementation of the Real Estate Regulatory Authority (RERA) and GST have significantly strengthened the commercial real estate market in India. Developers and purchasers are relocating to the commercial real estate sector despite its initial difficulties because of the sector's transparency. This sector has also started attracting foreign direct investments in the commercial estate sector.

In addition, investors’ confidence is regained post-COVID-19 pandemic, due to the mass level of vaccination drive. Now with the opening up of offices, there is a surging requirement for building spaces. So, in order to meet the requirement, the demand for co-working spaces is rising, which, in turn, increases office leasing activity.

Residential is the second-largest category in the market. This is due to the construction of residential buildings across the globe. Various advantages offered by solar glass make it an attractive choice in new buildings along with the renovation of the existing buildings. It helps in ensuring the natural light in rooms and also prevents harmful UV rays from entering the rooms, which avoids the discoloration of furniture. Along with these, it helps in reducing the heat transmission in rooms, which helps in saving energy bills.

During winter seasons, it aids in the proper insulation and prevents the cold air from entering the home. Thus, it helps in creating a pleasant home environment and is a preferred choice for residential homeowners.

Moreover, another factor supporting the solar control glass market is the implementation of supportive government policies to encourage the creation of green buildings for lowering electricity consumption. Additionally, as consumers' awareness of the negative effects HVAC systems have on the environment grows, a trend toward environmentally friendly products like solar control glass is stirring. Also, the product demand is being positively impacted by the rising spending on sustainable building materials and the increasing consumer living standards.

Demand for Tempered Glass Will Witness Highest CAGR

The tempered glass category is expected to witness the highest CAGR, of more than 9%, during the forecast period. This can be because this glass facilitates the ease of cleaning and high strength in comparison to other control glasses. As the glass has strength six times higher than the normal plate glass and it offers safety and strength at the same time, it is increasingly used in new constructions.

Instead of using conventional building materials, building-integrated photovoltaics (BIPVs) are increasingly being employed in the construction of new buildings, as the primary source of electrical power. They have applications across residential and commercial spaces, including on vertical and horizontal surfaces, which contribute to the spread of solar energy generation. Furthermore, the market will see more potential due to the recent improvements and advancements in BIPV products, such as colored, transparent, and insulated BIPV windows.

Hard-Coated Category Dominates the Market

Hard-coated solar control glass helps in regulating the energy flow and helps in reducing the amount of heat entering the buildings and keeps places cooler and brighter. Thus, this category dominates the industry. Generally, solar control glass is coated with superior materials, which absorb ultraviolet wavelengths and reflect the infrared radiations of solar energy. Hence, the decrease in energy transfer can reduce the use of air conditioning and give a lower peak temperature in buildings as well as in cars.

As per data, buildings are responsible for 40% of global energy consumption and 33% of greenhouse gas emissions. Countries are developing their own policies and framework to make buildings energy efficient. For instance, in Europe, around 75% of the building stocks are energy efficient and the country is actively involved in policies and measures toward sustainable buildings. With the rise in the number of energy-efficient buildings, hard-coated solar panels are increasingly preferred, which contribute to energy savings.

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Europe Is the Market Leader

Europe is the largest market for solar control glass, accounting for more than 40% revenue share in 2021. This is attributed to the strict government regulations for carbon emissions and the rise in the usage of solar control glass in various applications such as commercial and residential buildings in the region. For instance, the European Commission is focusing on the proposal to meet climate neutrality by 2050.

The majority of the technology needed to decarbonize the construction industry is already in use. In order to meet the objectives, there is a need to invest in solar control glass in order to focus on energy-efficient practices and the proportion of homes using renewable heating sources would require to rise from the current 35% to 100%.

Moreover, the European market is growing, due to the requirement of renovating existing buildings and developing new commercial spaces with a focus on reducing carbon emissions. Further, legal requirements for new cars in the European Union to reduce emissions are projected to have a beneficial effect on the demand for solar control glass.

In the region, Germany has the largest market share, majorly driven by the increasing demand for the product from the construction and automobile sectors, and the country is focusing on energy-efficient measures. Also, it has a higher production of solar power energy and the government has supported the new solar control window film technology to be implemented in the country, to reduce energy costs and carbon footprint.

Untapped Markets Drive the Demand for Solar Control Glass

A large number of untapped markets for solar control glass in developing countries has provided numerous chances for key players to fully realize its potential. The industry revenue is still in its infancy, notably in developing nations of Asia-Pacific, Latin America, and Africa, despite significant progress in industrialized economies of Europe and in the U.S.

Furthermore, in emerging economies, the growing construction sector and the surging emphasis on carbon emissions are driving the market. Also, major manufacturers in the industry have been investing in raw-material-rich countries, such as Morocco and other African nations, to gain a competitive edge. This strategy helps manufacturers to gain access to new markets and reduce production costs.

Key Players in Solar Control Glass Market Are:

• Cardinal Glass Industries Inc.
• Central Glass Ltd.
• Compagnie de Saint-Gobain S.A.
• Guardian Industries LLC
• PPG Industries Inc.
• Pilkington Glass Group Co. Ltd.
• AGC Inc.

Solar Control Glass Market Size Breakdown by Segment

The study offers a comprehensive market segmentation analysis along with market estimation for the period 2017-2030.

Based on Application

• Residential buildings
• Commercial buildings
• Automotives

Based on Coating Method

• Hard coated
• Soft coated

Based on Type

• Tempered glass
• Laminated Glass
• Float Glass
• Heat Strengthened Glass

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Spain
  • Italy
• Asia-Pacific
  •  China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • South Africa
  • Saudi Arabia