Coated Solar Control Glass Market - Global Forecast and Opportunity - 2022

The 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% during 2016-2022. The factors driving the growth of the global market are increased government initiatives and tax benefits, growing construction of residential and non-residential buildings, huge growth in the building-integrated photovoltaic (BIPV) market.
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According to the EU, the use of solar control glass in residential and non-residential buildings in the region could save up to 15 million tons of carbon dioxide every year. Moreover, the new technology will help in saving energy, as it reduces the load on air conditioning systems.
Among the various applications of solar control glass, the commercial building segment is estimated to hold the largest share in the global solar control glass market in 2015. Solar control glass is a specially made glass, which is designed to keep building interiors soothing by preventing the build-up of solar heat. Solar control glass can be used in building design and construction, thus reducing the need for expensive air-conditioning or obtrusive window blinds.
Asia-Pacific is anticipated to be the fastest growing market of solar control glass. The major reason for the highest growth in the region is the strong surge in construction industry. Moreover, the several tax benefit schemes and growing BIPV market are also supporting the growth of the Asia-Pacific solar control glass market.
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Some of the major players operating in the global solar control glass market include Saint-Gobain S.A., Asahi Glass Co. Ltd., Nippon Sheet Glass Co. Ltd., Guardian Industries, Taiwan Glass Group, Trakya Cam Sanayii A.Ş.
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