The global Low-E Glass market size is expected to reach USD 21.31 Billion in 2030 and register a revenue CAGR of 3.3 % over the forecast period, according to a latest report by Reports & Data. A major factor driving market revenue growth is increasing awareness regarding the benefits of Low-E Glass, or low-emissivity glass and government investment on energy saving technology.
Low-E Glass has excellent thermal insulation properties and is widely used in skyscrapers, commercial buildings, and glass facades. This glass prevents water droplets to stick on the window glass during the rainy season, increases the durability of the glass, and helps in energy saving as it allows light to pass and keep the temperature at desired level.
Ongoing research and development activities in the automotive industry to make vehicles light weight and fuel efficient is expected to positively impact revenue growth of the market over the forecast period. The window panes use in the vehicles is manufactured by using low-e glass for efficient air conditioning, improve fuel efficiency by reducing CO2 emission, minimize “cold wall” effect of the roof and maintain comfortable temperature in summer.
Moreover, market growth is projected to register an upward trend with increasing construction activities coupled with rapid urbanization. In addition, government initiatives to build smart cities support market growth going ahead. Low-E glass windows used in the commercial and residential buildings can absorb, reflect, and transmit the harmful ultraviolet rays for better solar control. This keep the warmer in winter months and interiors cooler in summer. This save energy as it maintain the temperature at the desired level and prevents the fading of colours on the leather, carpets due to direct sunlight.
Furthmore, increasing investments in research in the field of architectural designs is resulting in the advent of additional opportunities for further advancements in Low-E Glass.
However, Low-E Glass are expensive and provides a hazy view as compared to traditional windows are some major factors restraining global Low-E Glass market revenue growth over the forecast period.
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Some major players in the market research report include Xinyi Glass, Yaohua Pilkington Glass, Taiwan GlassBlue Star Glass, Sanxin Glass, Qingdao Jinjing, Kibing Group, Huadong Coating Glass, Zhongli Holding, Saint-gobain, NSG, PPG, AGC, Guardian Industries, Schott, Cardinal Glass, Padihamglass, and CSG Holding.
Some Key Highlights from the Report:
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Segments covered in the report:
For the purpose of this report, Reports & Data has segmented the global Low-E Glass market on the basis of type, application, and region:
Glazing Outlook (Revenue, USD Billion; 2019-2030)
Coating Type Outlook (Revenue, USD Billion; 2019-2030)
End use Outlook (Revenue, USD Billion; 2019-2030)
Regional Outlook (Revenue, USD Billion; 2019-2030)
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Key Questions Addressed in the Report:
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