The incremental development of both commercials, as well as residential buildings and a tremendous rise in BIPV market (Building Integrated Photovoltaic), are major factors contributing towards the growth of the solar control glass market globally.

Solar control glass is excessively being used for reducing the gain of solar heat and helps in dispersing a huge amount of natural light enabling a comfortable and pleasant stay for individuals.

Based on product, the global solar control glass market is categorized into absorbing solar control glass, and reflective solar control glass. Among these two, the reflective solar control glass category accounts for the larger market share of more than 55.0% in 2018 in the global market owing to the increasing demand from construction and automotive industries.

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On the basis of application, solar control glass market is segmented into commercial buildings, residential buildings and automotive. In 2018, among all these applications commercial building segment is projected to occupy the largest share in the global solar control glass market.

The increasing tax benefits and government initiatives are the major factors driving the growth of global solar control glass market. The various subsidies provided by government agencies in regions of Europe and Asia-Pacific are the key reforms for strengthening this market.

The various aids provided by government organizations include investment tax credit, FIT programs and other tax assistance reforms. For instance, in India, it has been observed that government has introduced several developmental reforms for the upgradation and upliftment of solar glass market.

The increased number of cases witnessing seasonal fluctuations in solar power availability is the major factor hindering the growth of global solar control glass market. For instance, the setting up of solar control glasses in a cool climate is not a viable option as it can reduce the requirement of crucial solar heat in the building.

Globally industry players in global solar control glass market are employing besieged investments in optimizing manufacturing process and investing in improved and upgraded technology.

Asia-Pacific is expected to witness the fastest growth in the global solar control glass market. Large number of population, increasing disposable income and swelling construction industry in this region are the major factors contributing towards the growth of solar control glass market.

Saint-Gobain S.A., Asahi Glass Co. Ltd., Nippon Sheet Glass Co. Ltd., Guardian Industries, Taiwan Glass Group, Trakya Cam Sanayii A., PPG Industries Inc., CSG Holding Limited, Arcon Flachglas-Veredlung GmbH & Co. KG, and Cardinal Glass Industries, Inc.

Source: VynZ Research