Global solar control glass market was valued at an estimated $4,198.0 million in 2015, and it is expected to grow at a CAGR of 9.2 percent during 2016-2022, says a new report from Research and Markets.
The increased government initiatives and tax benefits, growing construction of residential and non-residential buildings, huge growth in the building-integrated photovoltaic (BIPV) market are driving the growth of the global solar control glass market.
Solar control glass is a value added glass with special coatings that reduces the amount of heat entering into buildings and reflects a major portion of sunlight, thereby making the indoor space cooler and brighter.
The increasing use of glass in modern buildings, and the increasing awareness of people’s comfort have resulted in a more dynamic usage of solar control glass in the buildings and automotive market.
Europe became the largest market for the solar control glass in 2015. The European solar control glass market is growing, due to increasing residential and commercial building construction, and environmental policies regarding curbing of harmful emissions. Moreover, the government initiatives are also driving the growth of the European solar control glass market.
Some of the major players operating in the global solar control glass market include Saint-Gobain, Asahi Glass, Nippon Sheet Glass, Guardian Industries, Taiwan Glass Group, Trakya Cam Sanayii A.S.