(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for Solar Control Glass Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Solar Control Glass Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
As per the latest report published by Variant Market Research, Global Solar Control Glass Market is estimated to reach $9,288 million by 2024; growing at a CAGR of 9.4% from 2016 to 2024. Solar control glasses have widespread use in various applications such as residential buildings, commercial buildings, and automotive, to bypass excess heat from the sun while allowing brightness of the light. Many key manufacturers of the market are offering solar control glasses in various forms such as transparent, mirrored, and tinted. Increasing concerns about CO2 emissions from air conditioners, and high price of air conditioners is projected to increase its adoption in construction sector over the coming years.
Major factors driving the global solar control glass market are growing building and construction in emerging nations, huge growth potential in automotive industry, and growing awareness about CO2 releases from ACs. However, price instability and accessibility of raw material may hamper the market growth. Furthermore, rising government initiatives and high potential growth in emerging economies would unfold with numerous growth opportunities in the forecasted years.
Major segments in the global solar control glass market are application, and geography. Application segment comprises commercial buildings, residential buildings, automotive, and other applications.
Geographically, global solar control glass market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into China, Japan, India, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The major market players are CSG Holding Limited, AGC Glass Europe, Saint Gobain, Guardian Glass Company, PPG Industries Inc., Asahi India Glass Ltd., Euroglas GmbH, Arcon Flachglas-Veredlung GmbH & Co. KG, Cardinal Glass Industries, Inc., and Nippon Sheet Glass Co., Ltd., among others.
The key takeaways from the report
The report will provide detailed analysis of Solar Control Glass Market with respect to major segments such as application and geography
The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024
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Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Solar Control Glass Market has been included in the report
Profile of the key players in the Solar Control Glass Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Solar Control Glass Market
Application Segments
Commercial Buildings
Residential Buildings
Automotive
Other Applications
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
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