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 is 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 the 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 the forecast period.
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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 the 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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