The global solar control glass market was valued at an estimated $4,198.0 million in 2015, and it is expected to grow at a CAGR of 9.2% during 2016-2022. The factors driving the growth of the global market are increased government initiatives and tax benefits, growing construction of residential and non-residential buildings, huge growth in the building-integrated photovoltaic (BIPV) market. The key trend witnessed in the global market is technological advancements. New product innovation and rapid transformation of coating technology allows architects and engineers to fine tune the properties of functional glass with light and radiation. Solar control glass is the most important innovation in the modern glass technology field. Solar control glass is a glass with special coatings that reduce the amount of heat entering into buildings. It plays an important role in building design and helps to create a sustainable green environment.
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According to the EU, the use of solar control glass in residential and non-residential buildings in the region could save up to 15 million tons of carbon dioxide every year. Moreover, the new technology will help in saving energy, as it reduces the load on air conditioning systems. The recent advancement in solar control glass technology is expected to fuel the growth of the global market during the forecast period.
Among the various applications of solar control glass, the commercial building segment is estimated to hold the largest share in the global solar control glass market in 2015. Solar control glass is a specially made glass, which is designed to keep building interiors soothing by preventing the build-up of solar heat. Solar control glass can be used in building design and construction, thus reducing the need for expensive air-conditioning or obtrusive window blinds. Commercial building owners are expected to invest an estimated $960 billion globally between 2015 and 2023 on greening their built infrastructure. Therefore, the commercial building segment is anticipated to retain its dominance in the global market during 2016 – 2022.
Asia-Pacific is anticipated to be the fastest growing market of solar control glass. The major reason for the highest growth in the region is the strong surge in construction industry. Moreover, the several tax benefit schemes and growing BIPV market are also supporting the growth of the Asia-Pacific solar control glass market. A high investment from China and Japan in the solar control glass market is expected to fuel its growth in Asia-Pacific during the forecast period.
The information and data in the publication “Global Solar Control Glass Market Size, Share, Development, Growth and Demand Forecast to 2022”, represents the research and analysis of data from various primary and secondary sources. An amalgamation of bottom-up and top-down approach has been used to calculate the market size. P&S Market Research analysts and consultants interacted with leading companies of the concerned domain to substantiate every value of data presented in the report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.
Some of the major players operating in the global solar control glass market include Saint-Gobain S.A., Asahi Glass Co. Ltd., Nippon Sheet Glass Co. Ltd., Guardian Industries, Taiwan Glass Group, Trakya Cam Sanayii A.Ş.
GLOBAL SOLAR CONTROL GLASS MARKET SEGMENTATION
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