PUNE, India, June 27, 2018 /PRNewswire/ --
According to a new market research report "Self-Cleaning Glass Market by Coating Type (Hydrophilic, Hydrophobic), Application (Residential Construction, Non-Residential Construction, Solar Panels, Automotive), and Region (Europe, Asia Pacific, North America) - Global Forecast to 2023", published by MarketsandMarkets™, the global Self-Cleaning Glass Market is projected to grow from USD 99.1 million in 2018 to USD 122.7 million by 2023, at a CAGR of 4.4% from 2018 to 2023. Growth in the construction industry in the US, China, and India is leading to the increasing demand for self-cleaning glass. The rising demand for self-cleaning glass for use on solar panels offers an opportunity for the growth of the Self-Cleaning Glass Market. The rising demand for eco-friendly glass products is another opportunity for the Self-Cleaning Glass Market.
Based on coating type, the hydrophilic segment is estimated to account for the largest share of the Self-Cleaning Glass Market in 2018
Based on coating type, the hydrophilic segment is estimated to account for the largest share of the Self-Cleaning Glass Market in 2018. Hydrophilic self-cleaning glass is used in windows, facades, and solar panels, among others. Increase in residential construction in the North American and Asia Pacific regions is leading to the high demand for hydrophilic self-cleaning glass.
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Based on application, the residential construction segment is estimated to be the largest application segment of the Self-Cleaning Glass Market in 2018
Based on application, the residential construction segment is estimated to be the largest application segment of the Self-Cleaning Glass Market in 2018. Growth in demand for advanced glass coatings for various functions, such as self-cleaning and energy efficiency, is expected to drive the Self-Cleaning Glass Market in residential construction.
The Self-Cleaning Glass Market in the Asia Pacific is expected to witness the highest growth during the forecast period
China is the largest consumer of self-cleaning glass in the Asia Pacific region. Changing consumer preference toward sustainable construction is driving the market for self-cleaning glass in China. The growth of the construction glass industry in this country is supported by the increase in income and expenditure levels. Construction spending by the Chinese government is expected to increase in both, residential and non-residential sectors during the forecast period, which, in turn, is expected to drive the Self-Cleaning Glass Market.
Key players in the Self-Cleaning Glass Market include Nippon Sheet Glass (Japan), Saint-Gobain (France), Guardian Industries (US), Cardinal Glass Industries (US), and Asahi Glass Co. (Japan), among others.
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