Solar Control Glass Market Analysis:
The Solar Control Glass Market is projected to grow USD 15.7 billion by 2032, CAGR of 10.3% during the forecast period (2023 - 2032).
Market Research Future Insights
According to MRFR analysis, the Solar Control Glass Market is expected to register a CAGR of 10.3% from 2023 to 2032 and hold a value of over USD 15.7 billion by 2032.
This type of glass incorporates advanced coatings or films that are engineered to reflect, absorb, and transmit specific wavelengths of solar radiation.
These coatings are strategically designed to minimize the amount of infrared and ultraviolet (UV) rays that pass through the glass, thereby preventing excessive heat buildup and minimizing the fading of interior furnishings due to UV exposure.
Key Players
Saint-Gobain S.A., Asahi Glass Co. Ltd., Guardian Industries Corp., Nippon Sheet Glass Co. Ltd., and PPG Industries Inc., among others
Covid-19 Impact on Solar Control Glass Market
Supply Chain Disruptions: Many solar control glass manufacturers rely on global supply chains for raw materials and components. Lockdowns, travel restrictions, and temporary closures of factories and mines disrupted the supply of essential materials, affecting production capacities.
Construction Slowdown: The pandemic led to halts or delays in construction projects worldwide due to lockdowns, labor shortages, and logistical challenges. This directly impacted the demand for solar control glass, as new construction and renovation projects were put on hold.
Regional Analysis
In North America, solar control glass is widely used, especially in regions with extreme climates. In hotter areas like the southern United States, solar control glass helps reduce cooling costs by blocking a significant amount of solar heat.
In colder regions, the focus might be on maximizing natural daylight while minimizing heat loss. Energy efficiency regulations and a growing interest in sustainable building practices drive the use of solar control glass in commercial and residential construction.
The Asia-Pacific region experiences a diverse range of climates, from tropical to temperate. Solar control glass is extensively used in countries with hot and humid climates such as India and Southeast Asian nations.
It helps regulate indoor temperatures, reduce reliance on air conditioning, and enhance occupants' comfort. Rapid urbanization and a rising middle class contribute to the increasing demand for energy-efficient solutions, including solar control glass, in commercial and residential construction.
Market Segmentation
Application - Residential Buildings, Commercial Buildings, Automotive.
Region - North America, Europe, Asia-Pacific, And Rest Of The World.
Related Reports: