Extensively being driven by the incremental development of both commercial as well as residential buildings and a tremendous rise in the BIPV market (Building Integrated Photovoltaic) solar control glass market is expected to brace in the near future.
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The accelerating growth of BIPV (Building Integrated Photovoltaic) market is the major factor driving the growth of global solar control glass market. BIPV helps in developing on-site electricity from the sun rays without hampering the resources or spreading pollution. It is integrated in the building as a part of design by the developers; replace traditional building materials and helps in generating power.
According to a recent report, these new designs are infused in several buildings in Europe although it is still at the introduction stage of the product lifecycle in Canada. Furthermore, technological upgradation in the solar control glass market is further anticipated to rapidly affect the growth of solar control glass market during the forecast period.
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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Geographically, Asia-Pacific was the largest solar control glass market due to extensive construction of residential as well as commercial buildings. Furthermore, stringent regulatory frameworks by government for environmental regulations are driving the growth of solar control glass market in this region.
Some of the key players operating in the global solar control glass market are 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