Post Time：Mar 27,2019Classify:Industry NewsView：9280
The Global Self-Cleaning Glass market size was around USD 94.9 million by revenue, at the end of 2018. It is anticipated to grow at CAGR of 4.5% to reach USD 118.3 million by 2023.
The public demand for low maintenance products is a major driving factor leading to the growth of the self-cleaning glass market across the globe.
The increasing number of strategically placed R&D centers also adds to be a reason for the market’s growth.
However, the in-effectiveness of self-cleaning glass in places with less sun exposure and low rainfall is one of the major restraining factors of the market.
Self-cleaning Glass manufacturing requires high investment making the end product 15-20% expensive than regular glass. The cost barrier poses a restraint to the growth of the market.
By geography, the Global Self-Cleaning Glass market is segmented as Latin America, Europe, Asia Pacific, Middle-East & Africa, and North America.The Asia Pacific is the fastest-growing market, attributed to increasing demand for growing industries and scope of future opportunities, mainly in economies like India and China. With the growing middle-class population, in India and China, and increasing demand for sustainable construction in this region creates a favorable environment for the self-cleaning glass market to grow rapidly. Europe had the highest Global Self-Cleaning Glass market share in 2018 followed by the Asia Pacific and North America. The Middle East & Africa and Latin America regions, being in the low developing countries due to the contribution of low GDP countries, have fewer chances for industry growth.
By Coating Type
Based on the coating type used on the glass the market is segmented into Hydrophilic and Hydrophobic.
By Application
Based on the application of the glass the global Self-Cleaning Glass market is categorized into Residential Construction, Non-Residential Construction, Solar Panels, Automotive and Others. Nowadays this technology is applied in the above-mentioned sectors, of which solar-panels and automotive are promising to be profit the market.
Self-Cleaning Glass Market Key Market Players:
By the end of 2018, Nippon Sheet Glass (Japan), Clear Glass Solutions, Saint-Gobain (France), Guardian Industries (US), Cardinal Glass Industries (US), Asahi Glass Co. (Japan), PPG Industries. Inc., are the leading shareholders of the Global Self-Cleaning Glass market.
Source: theworldnewsgazette.comAuthor: Shangyi
