Residential Sector to Lead Self-Cleaning Glass Market During Forecast Period
Rapid growth in construction
industry coupled with rising demand for value-added glass products and
self-cleaning glass in solar panels to drive global self-cleaning glass market
through 2024
According to
TechSci Research report, “Global Self Cleaning Glass Market By Product Type, By Application,
By End User, By Region, Competition, Forecast & Opportunities, 2024”, the global self-cleaning
glass market is expected to grow at a CAGR of around 4% during the forecast
period on account of its increasing demand in construction industry. Self-cleaning
glass are witnessing adoption on account of their durability, scratch
resistance property, low maintenance cost, environment friendly abilities,
protection from dirt and other environmental conditions. Moreover, factors like
heavy demand from the construction sector,
increasing demand for self-cleaning glass in solar panels and rising
investments in chemical industry are further fuelling the growth of global self-cleaning
glass market. However, low efficiency and
lack of awareness among people in developing countries, are likely to hamper
the growth of the market during forecast period.
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Glass Market"
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The global
self-cleaning glass market is segmented based on product type, application,
end-user, company and region. Based on product type, the market can be bifurcated
into hydrophilic coatings and hydrophobic coatings. The hydrophilic coatings
segment dominates the market on account of its use in windows, facades, solar
panels, etc. Based on end user industry, the market is segmented into residential,
commercial and industrial, of which the residential segment is estimated to
register the highest CAGR during the forecast period owing to the surging
demand for advanced glass coatings across different applications.
Saint-Gobain
Glass, Nippon Sheet Glass Co. Ltd, Cardinal Glass Industries, Inc., Asahi Glass
Co., Atis Group, Guardian
Industries, Roof-Maker Limited, Wuxi
Yaopi Glass Engineering Co., Viridian Glass, Kneer-Südfenster and others are some
of the leading players operating in global self-cleaning glass market.
Companies operating in the market are using organic strategies such as product
launches, mergers and collaborations to boost their share.
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“Asia-Pacific is anticipated
to be the fastest growing market for self-cleaning glass during the forecast
period. This can be attributed to the growing middle-class population with high
disposable incomes and growing demand from the construction industry. Moreover,
rising demand for solar panel across different countries of the region would
further fuel growth in the market over the next five years.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Self Cleaning Glass Market By Product
Type, By Application, By End User, By Region, Competition, Forecast &
Opportunities, 2024” has evaluated
the future growth potential of global self-cleaning glass market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global self-cleaning glass market.
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