Solar Reflective Glass Market Research, 2031
The global solar reflective glass market size was valued at $5.3 billion in 2021, and is projected to reach $10.6 billion by 2031, growing at a CAGR of 7.3% from 2022 to 2031.
A solar reflective glass is a glass with a special coating designed to reduce the amount of heat entering a building. It reflects and absorbs heat as well as filters light for reduced glare. Using a solar reflective glass can reduce the need for air-conditioning and blinds. In addition, ordinary glass allows nearly 80% of visible light, heat, and ultraviolet radiation to pass through without being absorbed or reflected. This results in soaring energy costs and discomfort for the building's occupants. Reflective glass on the other hand allows optimum natural daylight through, thereby improving occupants' health and well-being. Moreover, it reduces the energy used in artificial lighting, resulting in significant savings in electricity costs and it even blocks UV-rays.
The growth of the global solar reflective glass market is driven by surge in demand from house decoration. Solar reflective glasses are widely used in automobiles to reduce the amount of heat entering in a car. However, rise in demand for cars across the globe has led to increase in the demand for solar reflective glasses, which may create ample of opportunities for the market. Moreover, high cost associated with such glasses may act as a major restraining factor for the market. Furthermore, Middle East and North America are the potential markets for solar reflective glass market, due to presence of large number of superstructures and cars.
In addition, the development of automotive, construction, and aeronautical industries across the developing countries, such as Brazil, China, and India have propelled the demand for solar reflective glasses, which, in turn, led to increase in demand for solar reflective glass and may act as the major factor for the solar reflective glass market growth. Further more rapid expansion in decoration of glass in exteriors of house has led to increase in the demand for solar reflective glass however, rise in urbanization acts as the major driving factor for the market growth. Another key factors impacting the growth of the solar reflective glass market is increase in usage of solar reflective glass in automotive industry as it reduces substantial share of sunlight and declines the amount ofheat entering into the car.Moreover,according to the U.S. Energy department, solar energy is the fastest growing and most affordable source of newelectricity in America. Over 3 million installations have been built across the country—with 1 million being builtin the last two years.
The global solar reflective glass market analysis is segmented into type, coating method, application, and region. By type, the market is bifurcated into reflective and absorptive. Depending on coating method, it is fragmented into hard coated and soft coated. On the basis of application, it is segregated into automotive, commercial, and residential. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global solar refelective glass market forecast covers the profile of leading players that are studied in the report which includes Heliotrope, Guardian Industries, PPG Industries, Asahi Glass, Ravenbrick LLC, e-Chromic, Saint-Gobain, Gentex, Polytron, Xinyi Auto,Chromogenics AB,NSG,Central Glass,Corning,Euroglas GmbH and Gentex Corporation
Based on type reflective is the fastest growing segment during the forecast period.This is attributed to Surge in demand for reflective glass from construction industry led to increase in the production of solar reflective glass market, which act as the major driver of the market.
Based on coating method Hard coated is the fastest growing segment during the forecast period. owing to the fact that these glasses could also be used in single glazing without any fear of losing the coating however, the mentioned advantages of the hard coated solar reflective glass may act as the major driving factor for the market.
Based on application commercial is the fastest growing segment during the forecast period.This is attributed to use of solar reflective glass in exterior as well interior of building may act as the major driving factor for the market.
Based on region Asia-Pacific is the fastest growing segment during the forecast period.Owing to Strong demand for solar reflective glass from Asia-Pacific due to high population density may act as the major driving factor for the market. In addition, Russia, India and China are the major players of Asia in glass industry,which, in turn, has boosted the demand for solar reflective glass.
Impact of COVID-19 on the solar reflective glass
The impact of COVID-19 pandemic on the coated solar reflective glass market can be classified as adverse. With the implementation of lockdowns across the globe as a measure to prevent the widespread of the COVID 19 pandemic, the construction activities for both residential and commercial segment were on a halt or cancelled. The maintenance of the pre-existing structures was also postponed. On the other hand, the supply chain has improved, showing a positive movement of man, material and money to restore the growth of the global solar reflective glass market. Furthermore, the financial health of the construction & building industry as well as individuals also reaching to pre-covid level is rendering the builders to construct and the public to purchase or renovate their establishments. All these factors cumulatively led to show a growth of solar reflective glass market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the solar reflective glass market analysis from 2021 to 2031 to identify the prevailing solar reflective glass market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the solar reflective glass market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global solar reflective glass market trends, key players, market segments, application areas, and market growth strategies.
Solar Reflective Glass Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 10.6 billion |
 Growth Rate | CAGR of 7.3% |
 Forecast period | 2021 - 2031 |
 Report Pages | 322 |
 By Type |
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 By Coating Method |
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 By Application |
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 By Region |
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 Key Market Players | PPG Industries, Guardian Industries Corporation, Central Glass, Asahi Glass Co. Ltd., e-Chromic Technologies, Chromogenics AB, Polytron Technologies, Ravenbrick Llc,, Gentex Corporation, Magna Mirrors Holding GmbH, Euroglas GmbH,, saint gobain, NSG, Heliotrope Technologies, Corning |
Analyst Review
According to CXOs of leading companies, the solar reflective glass market is anticipated to witness notable growth during the forecast period driven by surge in demand for solar reflective glasses in automobile and construction activities. The exterior and interior decoration in construction market is growing globally at a significant pace, which acts as a key driver of the solar reflective glass market expansion. In addition, surge in demand for automotive and expansion of the construction industry in the emerging economies of Brazil, India, and China are expected to augment the market growth during the forecast period. Furthermore, solar reflective glasses are multi-functional as they be can easily paired with other types of glass to achieve multi-functional glazing as per requirements. Whether to reduce noise, thermal insulation, or to enhance the safety & security quotient, solar glass can easily be imbued with such attributes.
Although LAMEA has emerged as a lucrative region for investors, North America is perceived as a mature market for the solar reflective glasses due to rise in superstructures and cars in the region. Rise in demand for solar reflective glass from growing nations such as UAE, India, and China are expected to drive the growth of the market during the forecast period.
The development of automotive, construction, and aeronautical industries across the developing countries, such as Brazil, China, and India have propelled the demand for solar reflective glasses,
Commercial segment is the leading application of Solar Reflective Glass Market
Asia-pacific is the largest regional market for Solar Reflective Glass.owing to the fact that India and China are the major players of Asia in glass industry
Heliotrope, Guardian Industries, PPG Industries, Asahi Glass, Ravenbrick LLC, e-Chromic, Saint-Gobain, Gentex, Polytron and Xinyi Auto.are the top companies to hold the market share in Solar Reflective Glass
The global solar reflective glass market size is projected to reach $10.6 billion by 2031,
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