Low-E Glass Market Overview:
Low-E glass has a microscopically thin transparent coating that is significantly thinner than a human hair, which reflects long wave infrared energy. Some low-e’s also reflect significant amounts of short-wave solar infrared energy. During winter, low-e glass is used to maintain the warm temperature by reflecting the heat back to the room, and the reverse happens in summer by passing the heat outside. Low-E coatings have been developed to reduce the amount of ultraviolet and infrared light that are passing through glass without hindering the flow of visible light that is transmitted. Passive low-e coatings and solar control low-e coatings are the two different kinds of low-e coatings available in the market.
Low-E Glass Market Size and Growth Rate:
Global Low-E glass Market is expected to grow at a CAGR of 10.54% from 2015 to 2023.
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Low-E Glass Market Drivers and Restraints:
Improved energy efficiency in addition to reducing heat loss during winter months, Low-E glass also reduces heat gain during warmer months, reducing the strain on the air conditioning system. This is the major driver for the global low emissive market growth over the forecast period. By blocking most ultraviolet (UV) radiation, Low-E glass helps protect fabrics, leather, carpeting and finishes from the fading effects of sunlight which is major application that supports the market. Low-E glass can minimize or even eliminate unwanted condensation, propelling demand for this glass. However, the price that involves in the use of this Low-E glass is the major restrain and can be overcome by the future research activities.
Geographical Segmentation of Low-E Glass Market:
Geographically, North America is the largest and fastest growing market in 2018 due to the development of glass manufacturing rate and their demand for the newly constructed infrastructures and expected to continue in future forecast period. Asia Pacific is the second largest market due to the development of high industrialization and urbanization growth in the regions of China and India. Europe and Middle East will witness major growth due to the increase in its technology and development.
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Key Players of Low-E Glass Market:
Some of the key players are Asahi Glass Co, Nippon Sheet Glass Co, PPG Industries, Saint Gobain, Guardian Glass, Taiwan Glass Ind. Corp., Schott AG, Cardinal Glass Holdings, Xinyi Glass Holding and Fuyao Group
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