Growth Factors of Solar Control Glass Market
The solar control glass market size was valued at USD 5.17 billion in 2018, and the market is now projected tgrow from USD 10.68 billion by 2026, exhibiting a CAGR of 9.5% during the forecast period of 2019-2026.
Increased carbon emissions consciousness is supplementing the solar control glass market. Regulations on carbon reduction in automobiles drive demand. Solar control glass reduces heat, lowering the need for air conditioning and improving fuel efficiency. This is especially beneficial in tropical regions. Lower fuel consumption helps reduce CO2 emissions, driving the solar control glass market growth.
Sustainable construction, therefore, seeks tminimise the impacts of built works in construction, operation and the type of materials used. The concept revolves around using renewable energy in power, reducing the use of raw materials and eco-friendly products. This enhances building quality and adaptability tenvironmental changes. Key areas include energy and water use, material selection, and indoor quality. The growing adoption of green technologies drives the solar control glass market share.
Comprehensive Analysis of Solar Control Glass Market
The solar control glass market and chemicals & advanced materials industry is rising at an exponential rate due tits market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the chemicals & advanced materials industry. These segmentations are methodically segregated by application. The application includes, Residential Buildings, Commercial Buildings and Automotive.
The Asia Pacific solar control glass market size was USD 626.6 million in 2018. Region experts reveal that the Asia Pacific region is expected tshow significant growth in the market because of massive investment planned in infrastructure by China, India and South Korea. Also, India and China are predicted tintroduce stricter measures on the use of building materials in the next half a decade, which would continue tboost the market.
The top players in the market play a crucial role in the chemicals & advanced materials industry assuring industrial prospectus growth and setting market standards. These players include, Asahi Glass Company, Saint Gobain, NSG, Xinyi Auto, CSG Architectural, Corning, Central Glass, Schott, Sisecam, Asahi India Glass and Other Players. These market players provide a level-playing competitive landscape.
In June 2018, Asahi India Glass Ltd.'s new decorative series of architectural glass was launched. This aims ttransform living environments and enhance people’s living standards by achieving a wide utility range and an aesthetic appeal that can be described as outstanding. The glass includes patterned heat reflective glass designed for both exteriors and interiors of the entire building while simultaneously incorporating the lavish and beautiful dimension tthe appearance of the building.
Segmentation Table
Global Solar Control Glass Market Scope
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Growth Rate CAGR of 9.5% from 2019 t2026
Historical Period 2015-2017
Unit Value (USD Million) and Volume (Million Square Meters)
Segmentation By Application, and Geography
By Application
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