Post Time：Jun 14,2019Classify:Industry NewsView：5782
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.
Market Overview:
The Self-Cleaning Glass market is a growth-assured market, as there is a rising demand for low maintenance automotive and constructions. The market is estimated to grow at a CAGR of 4.5% annually, owing to the high growth regions like Asia and Europe.
Recent Developments:
Pilkington Activ, a leading player in the glass industry, won the ‘Innovative Solution’ for its self-cleaning glass technology and bird-safe glass at the Glass Focus Awards 2018.
Self-Cleaning Glass Market Drivers and Restraints:
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.
Self-Cleaning Glass Market Segmentation Analysis:
By Coating Type
Based on the coating type used on the glass the market is segmented into Hydrophilic and Hydrophobic. Hydrophobic coatings are majorly used in the world for it does not let water stand for a long time, making it favorable for the user to clean all the dirt with ease.
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 are promising to be profit the market, considering the increase in search for an alternate power source. Automotive industry also uses the self-cleaning glass significantly due to the customers’ demand for low maintenance vehicles.
Self-Cleaning Glass Market Geographical Analysis:
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. Europe has CAGR as equal as the Asia Pacific and is anticipated to still be the leading region in the global market for self-cleaning glass.
North American market, on the other hand, is running moderately and with future research and developments, it may lead the global market.
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. Hence, the Self-Cleaning Glass market in these regions is slow growing in nature.
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), Foshan Qunli Glass Company Limited, Asahi Glass Co. (Japan), Gevergel Engineering Glass Co.Ltd.(Foshan), International Trading & Consulting Pty Ltd, PPG Industries. Inc., Saint-Gobain SA., DCEPRG Co.Ltd, Wuxi Glass Engineering Company Limited, Shanghai HuZheng Nanotechnology Company Limited, and ZNG Glass Company Limited., are the leading shareholders of the Global Self-Cleaning Glass market.
Source: https://amarketresearchgazette.com/Author: shangyi
