The self-cleaning glass market is projected to grow at a CAGR of 4.4% from 2018 to 2023
NEW YORK, July 4, 2018 /PRNewswire/ -- The self-cleaning glass market is projected to grow at a CAGR of 4.4% from 2018 to 2023.
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The global self-cleaning glass market is projected to grow from an estimated USD 99.1 million in 2018 to USD 122.7 million by 2023, at a CAGR of 4.4% from 2018 to 2023. The growth of the construction industry is the major factor driving the self-cleaning glass market. The low lifetime-cost of self-cleaning glass is another factor fueling the growth of this market; the cost-cutting on labor and detergent otherwise required to wash the glass reduces the lifetime-cost of self-cleaning glass. The growing 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. On the other hand, the low effectiveness of self-cleaning glass in areas with low rainfall and less sun exposure is a major factor restraining the market.
The residential construction segment is expected to be the fastest-growing application segment of the self-cleaning glass market during the forecast period
The residential construction application segment is projected to be the fastest-growing application of the self-cleaning glass market from 2018 to 2023.The growth of this segment can be attributed to the growth of the global construction industry.
Rising demand for self-cleaning glass for use in conservatories and rooftops is also expected to lead to the growth of the residential construction segment.
Europe is expected to account for the largest market share of the self-cleaning glass market in 2018
The construction industry is one of the largest and most important manufacturing sectors in Europe.The region's construction industry is focusing on adopting innovations and new product development strategies to sustain demand.
The construction market in the region is highly fragmented and consists of a large number of companies, most of which are small in scale; hence, only few can compete in the global market.
Profile break-up of primary participants for the report:
-- By Company Type: Tier 1 - 42 %, Tier 2 - 25%, Tier 3 - 33%
-- By Designation: C level - 33%, Director level - 25%, Others - 42%
-- By Region: North America - 44%, Europe - 25%, Asia Pacific - 19%, Middle East & Africa - 6%, South America - 6%
As part of the qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by market players, such as Nippon Sheet Glass (Japan), Saint-Gobain (France), Guardian Industries (US), Pilkington Group Limited (UK), Cardinal Glass Industries (US), and Asahi Glass Co. (Japan).
Research Coverage:
The report defines, segments, and projects the self-cleaning glass market based on coating type, application, and region.It provides detailed information regarding major factors influencing the growth of the market, such as drivers, opportunities, and industry-specific challenges.
It also strategically profiles key players and comprehensively analyzes their market shares and core competencies. The report analyzes competitive developments, such as new product launches/developments undertaken by the key players.
Reasons to buy the report:
The report will help market leaders/new entrants in this market by providing them the closest approximations of revenue numbers for the overall self-cleaning glass market and its subsegments.This report will help stakeholders better understand the competitive landscape and gain insights to position their businesses better and make suitable go-to-market strategies.
The report will also help stakeholders understand the pulse of the market and provide information on key market drivers, restraints, challenges, and opportunities.
Read the full report: https://www.reportlinker.com/p05468486
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