Global Solar Control Glass Market: Primarily Boosted by Huge Growth Potential in Automotive Industry
According to the latest report published by Variant Market Research, the global solar control glass market size was valued at $4,526 Million in 2016 and is estimated to reach $9,288 Million by 2024. In this report, the global solar control glass market forecast says that the global market is growing at a CAGR of 9.4% from 2016 to 2024.
Rising construction of residential and commercial building in emerging nations drives the global market
Rising construction of residential and commercial building in developing countries, and huge potential in automotive industry are the major solar control glass market trend. In addition, growing concerns about CO2 releases from air conditioners have also supported the solar control glass market growth. However, price uncertainty of raw materials is the major hindrance for the market growth. Furthermore, rising government initiatives to support the market, high budding growth in emerging economies and rising adoption of solar control glass in cars are expected to equally influence the overall growth of market during the forecast period.
The global solar control glass market has been mainly segmented on the basis of application, and geography. The application segment is sub-segmented into automotive, residential buildings, residential buildings, and other applications. By geograp