San Francisco, Oct 30 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.
Browse full research report on Solar Control Glass Market:
www.grandviewresearch.com/industry-analysis/solar-control-glass
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.
Browse more reports of this category by Grand View Research: 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
- U.S.
- Europe
- Germany
- UK
- Asia Pacific
- China
- Japan
- Latin America
- Brazil
- MEA
Browse press release of this report
by Grand View Research: 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
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