Solar Reflective Glass Market size is estimated to register an appreciable CAGR from 2022 to 2028. These products are equipped with a special coating for decreasing the amount of heat entering a building. Another advantage is that these products absorb and reflect heat as well as filtering light for the purpose of reduced glare. Different types of solar control glass include neutral, reflective, and tinted.
On the basis of application, the solar reflective glass market is estimated to depict substantial growth from the automotive segment over the projected period. This is due to the benefit of reduction of A/C usage by 10% to 15% through lowering of carbon dioxide emissions and improvement of fuel efficiency. Moreover, the usage of sun reflective glass gives UV protection and helps in reducing issues such as sunburn, tanning, skin cancer, eye damage, and premature aging of the skin. These factors are expected to drive segment growth in the coming years.
By end-use, the commercial buildings segment is anticipated to record considerable growth through 2028. This rise is prominently credited to the increasing demand for tinted reflective glass that provides color neutrality and optimal light filtration. This enables coordination with the building’s framing, inclusive of stonework, metal panels, and spandrels. Furthermore, the application of the metallic coating to reflective glass gives a spectacular view from inside the building, preventing the people outside the structure from seeing in.
Based on region, the Asia Pacific solar reflective glass market share is set to witness lucrative expansion by 2028 impelled by an increase in product rollouts by various companies. For instance, in March 2021, Sisecam strengthened its competitive power through the introduction of its innovative solutions and value-added product range in India. The company is known for its contribution to sustainable development with its energy-efficient and eco-friendly products.
Key players in the solar reflective glass industry comprise Heliotrope, Guardian Industries, PPG Industries, Asahi Glass, Ravenbrick LLC, e-Chromic, Saint-Gobain, Gentex, Polytron, and others. These companies are taking keen interest in the adoption of strategic initiatives such as mergers, acquisitions, collaborations, partnerships, and product developments for maintaining their position in the market.
A few instances of the same have been mentioned below:
The COVID-19 pandemic has impacted the solar reflective glass industry in the form of supply chain disruptions with a number of market players focusing on the efforts towards the minimization of these disruptions. For mitigating this effect, companies are also chalking out continuity plans, preparing to address any further disruptions to facilities and production units. These aspects are set to create new challenges for solar reflective glass market participants during the pandemic period.