Solar Control Glass Market Size, Share, Trends, Growth 2030

Solar Control Glass Industry Prospective:

The global solar control glass market size was worth around USD 6.5 billion in 2022 and is predicted to grow to around USD 13.4 billion by 2030 with a compound annual growth rate (CAGR) of roughly 9.5% between 2023 and 2030.         

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Solar Control Glass Market: Overview

A metal oxide coating is applied to the inner face of the exterior pane of glass in solar control glass, which comes in double or triple-glazing options. One of the simplest methods to incorporate sun control into any glass structure especially a structural glass unit is to use this coating. This coating's purpose is to deflect solar radiation while letting light and vision pass through the glass. It is only applicable to double or triple-glazed units; it cannot be used on single glass panes. By decreasing the quantity of short-wave radiation passing through the glass unit, the metal oxide coating lowers the elevated temperatures within.

Key Insights

• As per the analysis shared by our research analyst, the global Solar Control Glass market is estimated to grow annually at a CAGR of around 9.5% over the forecast period (2023-2030).
• In terms of revenue, the global Solar Control Glass market size was valued at around USD 6.5 billion in 2022 and is projected to reach USD 13.4 billion, by 2030.
• The growing urbanization and rising product launches are expected to propel the solar control glass market growth over the forecast period.
• Based on the glass type, the tempered glass segment is expected to hold the largest market share over the forecast period.
• Based on its nature, the photochromic segment is expected to capture a significant market share over the forecast period.
• Based on the coating method, the hard coated segment is expected to capture the largest market share over the forecast period.
• Based on the application, the automotive segment is expected to grow at the fastest rate over the forecast period.
• Based on region, Europe is expected to hold the largest market share over the forecast period.

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Solar Control Glass Market: Growth Drivers

Growing green building practices drive market growth

Over the anticipated period, the global solar control glass market is expected to rise at a significant rate due to the increasing use of green building techniques worldwide. Low carbon emissions and environmental sustainability characterize green buildings. Because solar control glass performs the same purpose as green glass, it may be used to construct sustainable buildings that will increase sustainability. The 2021 World Green Construction Trends study projects an increase in green construction activities during the ensuing three years. By 2024, 42% of survey participants intend to have built more than 60% of their projects with green techniques, compared to 28% who said they were already employing green construction methods in more than 60% of their projects.

Solar Control Glass Market: Restraints

High initial costs and technical challenges hamper the market growth

When it comes to the initial price of installation, solar control glass might be more expensive than regular glass. Some consumers may be discouraged by this upfront cost, particularly in areas where financial factors are important in making decisions. Furthermore, some technological obstacles, such as preserving coatings' longevity and optical clarity over time, may act as a constraint. The durability of coatings and their ability to function well in a range of environmental circumstances is essential for solar control glass's long-term viability. Thus, the high initial cost and technical challenge are expected to hamper the solar control glass industry growth.

Solar Control Glass Market: Opportunities

The growing expansion of the product line by key players offers a lucrative opportunity for market growth

The growing expansion of the product line by the key players is expected to offer a lucrative opportunity for solar control glass market growth during the projected timeframe. In June 2023, as demand for enhanced-neutrality solar control glazing increases, AGC is broadening its selection of solar control glass products. In response, AGC Glass Europe has released three new Stopray products that emphasize providing high selectivity, a color-neutral appearance, and low reflection. Climate change is causing longer and more frequent periods of heat, and customers are demanding higher levels of light transmission to better utilize natural daylight.

Solar Control Glass Market: Challenges

Competition from alternative technologies poses a major challenge to market growth

Traditional solar control glass is being replaced by other technologies like dynamic glazing and smart windows. The market for solar control glass may be impacted by these technologies, which can dynamically modify transparency based on external factors. Thus, posing a major challenge to the market growth.

Solar Control Glass Market: Segmentation

The global Solar Control Glass industry is segmented based on the glass type, nature, coating method, application, and region.

Based on the glass type, the global market is bifurcated into float glass, heat strengthened glass, laminated glass, tempered glass, and others. The tempered glass segment is expected to hold the largest market share over the forecast period. Because of its safety qualities, tempered glass is frequently chosen in architectural and construction applications. Tempered glass reduces the chance of harm by shattering into tiny, spherical pieces rather than sharp shards. This safety factor is particularly crucial in regions where there is a risk of human impact or extreme weather. In addition, tempered glass and sun control measures work together to improve a building's overall energy efficiency. Energy savings may result from lowering the quantity of solar heat that enters a building thereby decreasing the need for cooling equipment. Thus, this is expected to drive the segment expansion.

Based on nature, the global solar control glass industry is bifurcated into electrochromic, gasochromic, and photochromic. The photochromic segment is expected to capture a significant market share over the forecast period. Photochromic glass adjusts to light changes by getting black in the presence of sunshine and becoming transparent again in the absence of light. This dynamic characteristic makes it possible to effectively regulate the amount of heat and visible light that enters a structure. Moreover, by controlling glare and preserving a more constant interior atmosphere, photochromic glass enhances occupant comfort. Creating a cozy and attractive environment can improve the well-being of building residents. These properties of photochromic glass drive the market growth.

Based on the coating method, the global market is bifurcated into hard coated and soft coated. The hard coated segment is expected to capture the largest market share over the forecast period. The growth of the segment is attributed to the applications in various climates. Hard-coated solar control glass may be used in a variety of climates, even in areas with severe weather. Because it protects against environmental elements, the coating is an effective choice for both commercial and residential applications.

Based on the application, the global solar control glass industry is bifurcated into automotive, residential, and commercial. The automotive segment is expected to grow at the fastest rate over the forecast period. In automobile applications, solar control glass is made to reduce solar glare, improving sight for both drivers and passengers. Furthermore, it frequently has UV-blocking qualities to shield occupants from dangerous UV rays. Additionally, the growing sales of passenger vehicle across the globe is expected to propel the market expansion over the forecast period. For instance, according to the Society of Indian Automobile Manufacturers, the total number of passenger vehicles sold rose from 30,69,523 to 38,90,114. In comparison to the prior year, sales of passenger cars grew from 14,67,039 to 17,47,376, utility vehicles from 14,89,219 to 20,03,718, and vans from 1,13,265 to 1,39,020 units in FY-2022–2023.

Solar Control Glass Market: Report Scope

Solar Control Glass Market: Regional Analysis

Europe is expected to hold the largest market share over the forecast period

Europe is expected to hold the largest solar control glass market share over the forecast period because solar control glass is increasingly being used in a variety of settings, including local businesses and residences. Additionally, the relevance of CO2 emission reduction is increasing, which supports the expansion of the coated solar control glass market in this area. For instance, with the adoption of the European Climate Law in June 2021, the EU set a goal to achieve net zero greenhouse gas emissions (GHG) by the year 2050. The law has an intermediate goal of lowering GHG emissions from 1990 levels by at least 55% by 2030. The European Commission has proposed a series of policies known as the "Fit for 55" package to meet this 55% reduction goal. These proposals need to be mutually agreed upon by the European Parliament and the Council to be implemented.

Besides, the Asia Pacific is expected to grow at the highest CAGR during the forecast period due to the increase in both residential and commercial construction as well as the region's shifting climate. Additionally, as infrastructure is developed more, the need for coated solar control glass in this area will rise even more.

Solar Control Glass Market: Competitive Analysis

The global Solar Control Glass market is dominated by players like:

• Asahi Glass Company
• Central Glass
• Corning
• CSG Architectural
• Cardinal Glass Industries Inc
• Euroglas GmbH
• Guardian Industries
• NSG
• Saint Gobain
• Schott
• Sisecam
• Xinyi Auto

The global Solar Control Glass market is segmented as follows:

By Glass Type

• Float Glass
• Heat Strengthened Glass
• Laminated Glass
• Tempered Glass
• Others

By Nature

• Electrochromic
• Gasochromic
• Photochromic

By Coating Method

• Hard Coated
• Soft Coated

By Application

• Automotive
• Residential
• Commercial

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa