USD 7.30 Billion
Solar Control Glass Market Size, Share, Growth Analysis, By Technology(Passive Solar Control Glass, and Active Solar Control Glass), By Application(Residential Buildings, Commercial Buildings, Industrial Buildings, Automotive), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15F2101 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
75
Solar Control Glass Market Insights
Solar Control Glass Market size was valued at USD 7.30 Billion in 2021 and is poised to grow from USD 7.99 Billion in 2022 to USD 16.52 Billion by 2030, at a CAGR of 9.5% during the forecast period (2023-2030).
The purpose of the solar control glass market is to address the increasing demand for sustainable and energy-efficient building materials. With the rising global emphasis on environmental sustainability, reducing carbon emissions, and optimizing energy usage, solar control glass plays a crucial role in enhancing building performance. It enables architects, builders, and homeowners to create spaces that are comfortable, aesthetically pleasing, and environmentally responsible. One of the driving factors behind the growth of the solar control glass market is the escalating focus on energy efficiency in buildings. As energy costs rise and regulations become more stringent, there is a growing demand for materials that can help reduce energy consumption and operating costs. Solar control glass provides an effective solution by minimizing solar heat gain, thus reducing the reliance on air conditioning and enabling more sustainable energy usage. The solar control glass market presents significant opportunities for growth.
The increasing awareness and adoption of green building practices, government initiatives promoting sustainable construction, and the rising demand for energy-efficient solutions create a favorable environment for market expansion. Moreover, the development of innovative coatings, advanced glazing technologies, and smart glass solutions offer opportunities for enhanced performance and customization in solar control glass products. The global solar control glass market serves the purpose of providing sustainable and energy-efficient solutions for managing solar heat gain in buildings. It is driven by the need to reduce energy consumption, optimize indoor comfort, and meet environmental sustainability goals. While there are challenges and restraining factors, the market offers opportunities for innovation, cost reduction, and market penetration. By addressing challenges, leveraging technological advancements, and capitalizing on market opportunities, the solar control glass industry can continue to thrive and contribute to a more sustainable built environment.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Passive Solar Control Glass
Fastest Growth
Passive Solar Control Glass
Growth Rate
9.5% CAGR
Global Solar Control Glass Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Solar Control Glass Market Segmental Analysis
The global solar control glass market is segmented on the basis of technology, process, and region. By Technology, the market is segmented into Passive Solar Control Glass, Active Solar Control Glass. By Application, the market is segmented into Residential Buildings, Commercial Buildings, Industrial Buildings, Automotive, and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Solar Control Glass Market Analysis by Technology
Passive Solar Control Glass is the largest segment in the global solar control glass market, commanding a significant share due to its wide adoption and effectiveness in managing solar heat gain. Passive solar control glass is designed to selectively block solar radiation, reducing the amount of heat entering a building while allowing natural light transmission. Its popularity stems from its ability to enhance energy efficiency and reduce cooling costs in various applications.
Active solar control glass represents the fastest-growing segment in the global solar control glass market. Active solar control glass is equipped with advanced technologies that allow for dynamic control of solar radiation and heat gain. These glasses can be electronically tinted or switchable, enabling users to adjust the glass's transparency and thermal properties according to changing conditions. The demand for active solar control glass is surging as it offers flexibility, enhanced user control, and the ability to optimize natural lighting and thermal comfort.
Solar Control Glass Market Analysis by Application
Residential Buildings constitute the largest segment primarily because homeowners and residents are increasingly seeking energy-efficient and sustainable solutions for their living spaces. Solar control glass offers numerous benefits in residential applications, including reducing solar heat gain, preventing glare, and protecting furniture and furnishings from fading due to UV radiation. By effectively managing the amount of heat and light entering the building, solar control glass enhances indoor comfort and reduces the reliance on artificial cooling systems. With a growing emphasis on eco-friendly and energy-efficient homes, the demand for solar control glass in residential buildings continues to rise.
The automotive segment is experiencing significant growth as car manufacturers recognize the importance of solar control glass in enhancing energy efficiency, reducing carbon footprint, and improving occupant comfort. As more consumers prioritize these factors when purchasing vehicles, the demand for solar control glass in the automotive sector is projected to rise rapidly.
Global Solar Control Glass Market By Technology
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Solar Control Glass Market Regional Insights
Asia Pacific is projected to witness the highest growth rate in the solar control glass market, with a volume-based compound annual growth rate (CAGR) of over 12.0% during the forecast period. This growth can be attributed to the changing climatic conditions in the region and the increasing number of residential and commercial buildings. The Asia Pacific region is experiencing thriving infrastructure investments, which are expected to drive the demand for solar control glass.
Europe currently dominates the global demand for solar control glass due to its early adoption and widespread usage in various applications, including residential and commercial buildings. North America is also experiencing significant growth in the market, supported by a positive outlook in the construction and automotive industries. The Middle East region is expected to witness substantial demand growth due to upcoming construction projects. However, in Latin America, the market is expected to grow at a slower pace due to factors such as growing inflation and unstable political situations.
Global Solar Control Glass Market By Geography
- Largest
- Fastest
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Solar Control Glass Market Dynamics
Solar Control Glass Market Drivers
Increasing Focus on Sustainable Building Solutions
- With growing environmental concerns and the need for energy-efficient buildings, there is a rising demand for solar control glass as a sustainable solution. Builders and architects are incorporating solar control glass to reduce energy consumption, enhance indoor comfort, and meet green building certifications. For example, in 2022, a major construction project in Europe implemented solar control glass in its design to improve energy efficiency and create a comfortable indoor environment.
Stringent Energy Efficiency Regulations
- Governments worldwide are implementing stricter energy efficiency regulations for buildings. This has driven the adoption of solar control glass, which helps buildings meet the required energy performance standards. In 2022, several countries introduced or strengthened regulations related to energy efficiency, encouraging the use of solar control glass as a means to comply with these requirements.
Solar Control Glass Market Restraints
High Initial Cost
- Solar control glass typically has a higher initial cost compared to conventional glass options. This cost differential can pose a challenge, especially for budget-sensitive projects or regions with limited financial resources. However, advancements in technology and increased production volumes are gradually reducing the cost of solar control glass, mitigating this restraint.
Limited Awareness and Market Penetration
- Despite the advantages of solar control glass, there is still a need for greater awareness and market education. Some potential customers, such as builders, architects, and homeowners, may not fully understand the benefits and potential cost savings associated with solar control glass. Market players are investing in marketing campaigns and educational initiatives to overcome this restraint and promote wider adoption.
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Solar Control Glass Market Competitive Landscape
The global solar control glass market is highly competitive, with several key players vying for market share. These companies focus on innovation, product development, and strategic partnerships to gain a competitive edge and expand their presence in the market. The competitive landscape of the solar control glass market is characterized by both established glass manufacturers and specialized players focusing solely on solar control glass products. Some of the prominent companies operating in the market include AGC Inc., Saint-Gobain, Nippon Sheet Glass Co., Ltd., Guardian Glass, and NSG Group. These companies have a strong global presence and offer a wide range of solar control glass solutions to cater to different customer needs and applications. They leverage their expertise in glass manufacturing, research, and development to provide innovative products that meet stringent performance requirements.
Solar Control Glass Market Top Player’s Company Profiles
- AGC Inc. (Japan)
- Saint-Gobain (France)
- Nippon Sheet Glass Co., Ltd. (Japan)
- Guardian Glass (US)
- NSG Group (Japan)
- Vitro, S.A.B. de C.V. (Mexico)
- PPG Industries, Inc. (US)
- Corning Incorporated (US)
- Schott AG (Germany)
- Sisecam Group (Turkey)
- Xinyi Glass Holdings Limited (China)
- China Glass Holdings Limited (China)
- Asahi Glass Co., Ltd. (Japan)
- Central Glass Co., Ltd. (Japan)
- Taiwan Glass Ind. Corp. (Taiwan)
- Euroglas GmbH (Germany)
- Pilkington Group Limited (UK)
- Sedak GmbH & Co. KG (Germany)
- CSG Holding Co., Ltd. (China)
- Glaston Corporation (Finland)
Solar Control Glass Market Recent Developments
- In May 2023, Vitro announced the launch of its new solar control glass product, Solarban 70XL. This product is designed to provide superior solar heat rejection and energy efficiency.
- In April 2023, PPG Industries announced the launch of its new solar control glass product, SunGuard Eclipse SNX 70/35. This product is designed to provide superior solar heat rejection and energy efficiency.
- In March 2023, Asahi India Glass Limited announced the launch of its new solar control glass product, SAFINA. This product is designed to provide superior solar heat rejection and glare control.
Solar Control Glass Key Market Trends
- Integration of Smart Glass Technology: The integration of smart glass technology is a key trend in the solar control glass market. Smart glass can dynamically adjust its transparency based on external factors such as sunlight intensity or user preferences. This technology offers enhanced control over solar heat gain and light transmission, providing optimal energy efficiency and comfort. In 2022, advancements in smart glass technology were witnessed, with several companies introducing innovative solutions that offer seamless transitions between transparent and opaque states.
- Focus on Aesthetic Appeal: The market is witnessing a trend where solar control glass not only offers functional benefits but also focuses on aesthetic appeal. Market players are developing solar control glass with various design options, patterns, and colors to meet the evolving architectural and design preferences of customers. This trend aligns with the growing emphasis on creating visually appealing and sustainable building facades and interiors.
Solar Control Glass Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global solar control glass market analysis, the increasing focus on sustainable construction practices and energy-efficient buildings is driving the demand for solar control glass. Governments and organizations worldwide are implementing regulations and incentives to encourage the use of energy-efficient materials, including solar control glass. Secondly, rising awareness about the environmental impact of excessive heat and harmful UV rays has led to the adoption of solar control glass in residential and commercial buildings. This glass helps reduce heat gain, minimizes the need for air conditioning, and provides protection against UV radiation. Additionally, advancements in glass manufacturing technology have led to improved performance characteristics of solar control glass, such as enhanced solar heat gain coefficients and the ability to meet diverse climate requirements. However, challenges such as the initial cost of solar control glass and the availability of skilled installation expertise exist. Despite these challenges, the market presents opportunities in the form of evolving energy efficiency regulations, technological advancements, and the integration of smart glass technology. In conclusion, the global solar control glass market is driven by the increasing demand for energy-efficient building materials, growing environmental awareness, and advancements in glass manufacturing technology.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 7.30 Billion |
| Market size value in 2031 | USD 16.52 Billion |
| Growth Rate | 9.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Solar Control Glass Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Solar Control Glass Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Solar Control Glass Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Solar Control Glass Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Solar Control Glass Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Solar Control Glass Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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