Global Automotive Solar Control Glass Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Automotive Solar Control Glass Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A solar control glass is a glass with a special coating designed to reduce the amount of heat entering a car. It reflects and absorbs heat as well as filtering light for reduced glare. Using a solar control glass can reduce the need for air-conditioning and blinds. There are many types of solar control glass offering different aesthetic options; tinted, reflective and neutral.

Market Overview:

The latest research study on the global Automotive Solar Control Glass market finds that the global Automotive Solar Control Glass market reached a value of USD 1624.75 million in 2022. It’s expected that the market will achieve USD 2350.48 million by 2028, exhibiting a CAGR of 6.35% during the forecast period.

Covid-19’s negative impact

The raging COVID-19 plunged the global economic environment into depression. The impact of COVID-19 on the automotive solar control glass industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The government has also put forward higher requirements for the production and operation of enterprises.
In the short term, from the supply side, the company's operating pressure will increase due to postponement of workers' arrival and logistics and transportation issues. In the long run, as the epidemic gradually improves or ends, the impact on the automotive solar control glass industry will gradually weaken. Production and sales will return to the original level and gradually increase.

Sales of automotive aftermarket parts have also taken a hit. With the economy in recession due to COVID-19, people are staying home and putting less wear and tear on their cars, cutting into demand for automotive glass. Vehicle miles traveled (VMT), the biggest driver of auto parts demand, is likely to remain low for a long time as telework and online shopping become more prominent in society. The continued decline in driving will have a significant impact on automotive industry players, including declining vehicle sales, assembly plant closures, declining gasoline consumption and aftermarket parts sales, to name a few.

Development of EVs/ HEVs

In the specific case of electric vehicles (EVs) and hybrid electric vehicles (HEVs), the use of solar control glass helps to increase range in summer conditions, as the use of air conditioning reduces the autonomy of the EV. Therefore, increasing the range of EVs/HEVs requires a significant reduction in the thermal demand of the cabin. The use of solar control glass can help increase the range of electric vehicles, as it already reduces the fuel consumption of internal combustion engine vehicles.

The increased demand for fuel-efficient vehicles is driving the demand for solar control glass. The use of solar control glass in vehicles can improve fuel efficiency, reduce CO2 emissions, and reduce the use of air conditioning by 10 to 15 percent. Governments in the European region are showing keen interest in obtaining compliance certification for fuel efficiency compliance, which is expected to further drive the market growth. The growth of the electric vehicle industry is also expected to increase the demand for solar control glass in the near future.

Risk of changes in raw material prices

The production cost of automotive glass is mainly divided into four categories: raw and auxiliary materials, energy costs, labor costs, and manufacturing costs. The main raw materials used to make glass include: soda ash, quartz sand, dolomite, limestone, silica sand, crushed glass, etc. In addition to the cost of raw materials, another more important component of the cost is the cost of energy. Flat glass commonly used fuels include heavy oil, natural gas, coal tar, coke oven gas, coal, etc. In these raw materials, natural gas costs the most, but also the cleanest, the industry is the development of the target trend. Raw and auxiliary materials and energy costs are the main components of the cost of float glass, the two together account for more than about 70% of the cost of glass is a decisive factor affecting the change.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

AGC is one of the major players operating in the Automotive Solar Control Glass market, holding a share of 23.3% in 2023.

Segmentation Overview:

By type, Reflective Solar Control Glass segment accounted for the largest share of market in 2022.

Absorbing Solar Control Glass

Absorptive solar control glass works by absorbing solar energy then reradiating part of the energy away from the automotive. The glass is darker than clear glass due to the absorbed light not fully penetrating the glass.

Reflective Solar Control Glass

Reflective solar control coatings work by reflecting solar energy away from the automotive interior. The advantages are that this coating is economical and the reflective coating is aesthetically desirable in some applications. The disadvantages of reflective solar control are reduced interior natural light and aesthetics that are not always preferred.

Application Overview:

By application, the Passenger Vehicles segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Automotive Solar Control Glass market covered in Chapter 3:

KCC
NSG
XINYI
Saint Gobain
Fuyao
SYP Glass
AGC
Guardian Glass
Vitro

In Chapter 4 and Chapter 14.2, on the basis of types, the Automotive Solar Control Glass market from 2018 to 2029 is primarily split into:

Reflective Solar Control Glass
Absorbing Solar Control Glass

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Automotive Solar Control Glass market from 2018 to 2029 covers:

Commercial Vehicles
Passenger Vehicles

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)