Solar control glass market is likely to experience growth on account of increasing concerns over implementation of clean development mechanism in industrial sector. Also, escalating concerns regarding global warming will impact the market positively. Rising significance of substitute sources of energy in light of growing concerns over green house emissions is estimated to affect the market demand.
Rising integration of solar photovoltaic module in glass production to provide good insulation is expected to impact the industry positively. Solar control glass renders the indoor space vivid unlike the normal glass. They also decrease the need for window blinds or air conditioning at commercial and residential buildings. The demand is expected to grow due to factors such as good absorption, high reflectance and tremendous transmission of solar energy.
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Laminated safety, printed tempered safety glass, float glass and tempered safety glass are majorly used solar control products. Due to rapid growth in construction sector in emerging countries like India and china at domestic level, Asia Pacific is expected to undergo lucrative growth. Supportive policies by government such as tax assistance to construction manufacturers and 100% foreign direct investment in India for infrastructure development will positively impact the solar control glass market.
Supportive government policies encouraging energy savings in Europe is expected to fuel the market demand. Also, supporting bio-economy in the region will impact the market. A strategy launched by European Union in 2010 known as Europe 2020 is expected to increase energy-efficiency by 20%.Also; it is aimed to reduce greenhouse gas emissions at domestic level by 20%. This approach is anticipated to support the procurement of energy-saving products.
Leading players in solar control glass market are Taiwan Glass Group Ltd., Nippon Sheet Co., Pilkington, Saint-Gobain, Nippon Sheet Co, Trakya Cam Sanayi and ACG Company. Furthermore, Regulatory support in Taiwan, China, Japan, Germany and South Korea for escalating the production capacity of solar energy – based products is expected to bring new opportunities to the market participants.
ISGG PLANITHERM 4S was launched by Saint-Gobain in 2013, which is energy saving glass. It has major applications in home or offices spaces and conservative glazing. ACG Glass Company launched solar control glass known as Energy Select23 in August 2015.
Information Source: Grand View Research