APAC Market Statistics
The Asia Pacific solar control glass market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037, owing to the rapid expansion of the construction industry in the region. The building construction industry in Asia Pacific is expected to reach at a value of USD 3 million by 2024. Further, the high disposable income of the burgeoning population in Asia Pacific is expected to increase the demand for non-residential and residential building construction, which is further anticipated to bloom the global solar control glass market. It was calculated that Asia Pacific was the largest region in the global non-residential building construction market, accounting for 43% of the total in 2021.
North American Market Forecast
On the other hand, the market in North America is also estimated to hold a noteworthy share during the assessment period. The large investments made by the government in construction development, along with the rising need for repair and renovation in many buildings in the region, are anticipated to drive the market. Rising support for adopting energy-saving technologies and stringent regulations for carbon emissions are further generating the demand for solar control glass. Moreover, the surging demand for electric vehicle in the region is increasing the demand for solar control glass, and it is anticipated to boost the market’s growth in the region.
Author Credits: Rajrani Baghel
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