Automotive Solar Control Glass Market - Forecast(2023 - 2028)

A solar control glass refers to a uniquely treated glass that prevents the buildup of solar heat inside buildings and vehicles. Solar control glass significantly reduces the requirement for expensive air-conditioning or prominent window blinds. Automotive Solar Control Glass is classified into two major types, namely Absorbing Solar Control Glass and Reflective Solar Control Glass. The Automotive Solar Control Glass Market is estimated to grow at a CAGR of 3.91% during the forecast period 2018–2023. APAC is forecast to be the fastest growing market with a CAGR of 4.54% during the forecast period, which can be mainly attributed to the well-established automotive industry in the region. 

Automotive Solar control glass is a laminated glass with high amounts of iron content, which helps in absorbing the infrared rays and reducing the amount of heat in cars. Solar glass is majorly employed to reduce the solar energy entering the car, reduce the temperature inside the car, and reduce the load of the car’s air conditioning system, thus plummeting the car’s fuel intake, and reducing skin irritations caused to humans by sunlight. 

The automotive solar control glass market report analyzes the different product types in the automotive solar control glass market. Reflective solar control glass has the highest share among the product types and is expected to reach $874m by 2023, growing at a CAGR of 4.00% during the forcast period.  

The rise in demand for fuel-efficient cars is driving the demand for solar glass. The use of solar control glass in cars improves fuel efficiency, lowers carbon dioxide emissions, and reduces the usage of air conditioning by 10% to 15%. Keen interest shown by the regional governments in Europe to obtain compliance certificates with regard to the adherence to fuel efficiency is expected to additionally boost the market growth. The growth of the Electric vehicles sector is also projected to increase the demand for solar control glass in the near future.

The increase in raw material prices is one of the major challenges that the automotive solar control glass market faces.. Raw materials such as silica sand, soda ash, silicates, and limestone used in the manufacture of glass are expensive. Out of the mentioned raw materials, soda ash is the most expensive raw material used in glass manufacturing, accounting for more than 50% of total cost of raw materials.

 

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. These provide the key market participants with the necessary business intelligence and help them understand the future of the Automotive Solar Control Glass Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of solar control glass and their specific applications in the automotive industry.

Type of Automotive Solar Control Glass: Absorbing Solar Control Glass and Reflective Solar Control Glass.  

Applications of Automotive Solar Control Glass: Sunroof, Mirrors, Windshield, and windows. 

Vehicle Types in the Automotive Solar Control Glass Market: Passenger Vehicles, Commercial Vehicles, Medium and Heavy duty vehicles. 

The Automotive Solar Control Glass market report also analyzes the key regions for the market. The regions and countries covered in the study include:

Nippon Sheet Glass Co. Ltd. is a major company that manufactures automotive solar control glass in bulk. The company has its headquarters in Japan and operates in North America, South America, EMEA and Asia-Pacific.

Asahi Glass Co. Ltd. is the next leading player in the automotive solar control glass market. The company is headquartered in Japan and has its presence in more than 30 countries across regions such as Asia, Europe, North America, and South America.