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Real Estate News Releases
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(EstateNewsWire.com, October 17, 2019 ) Market Overview:
Millions of millions dollars are spent on glass cleaning in the world every year. Window glass cleaning, especially on sky high buildings, is a very risky, unsafe and deadly work. Self-cleaning glass will be a relief for these workers. Self-cleaning glass is a specific type of glass with a surface that keeps itself free of dirt and grime. Nanotechnology is used for the fabrication of this special glass in which an ultra-thin coating is applied to achieve the self-cleaning property.
Market Dynamics:
Rising demand for self-cleaning glass in solar panels and increasing growth of the construction industry worldwide are the major factors impacting the market growth globally. Increasing the growth of the construction industry is the key driver for the growth of self-cleaning glass market. For instance, a recent survey of ENR’s top 400 contractors, as a group, revealed the firms generated USD 375 billion in contract revenue in 2017, compared to USD 366 billion in 2016—an increase of 2.1 %.
Penetration rate is low in emerging countries is the key restraints hindering the growth of the market. Adding to this, the low effectiveness of self-cleaning glass in areas with low rainfall and less sun exposure is a major factor restraining the market.
Market Segmentation:
By application, the Self-cleaning glass market is segmented into construction, automotive windows, solar panels and others. The construction application segment is expected to hold the largest market share in the estimated period owing to the increase in the growth of the global construction industry.
An increase in residential construction in the Asia Pacific and middle east countries is leading to the huge interest for hydrophilic self-cleaning glass. For instance, as per MEED, Saudi Arabia appears to be the most active player in the Middle East construction market. The total value of the Saudi Arabian capital projects is estimated to approximately USD 1.2 trillion.
By coating type, the Self-Cleaning Glass market is segmented into hydrophobic and hydrophilic. The hydrophilic segment is estimated to grow with a high CAGR rate in the forecast period. Hydrophilic self-cleaning glass is used in windows, facades, and solar panels, among others. Rising demand for self-cleaning glass for use in skylights, conservatories and rooftops is the major driver for the market growth.
Geographical Analysis:
By geography, the Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
North America has grabbed major market share in the year 2018. The construction industry is one of the largest and most important manufacturing sectors in North America. The region's construction industry is focusing on accepting new inventions to sustain in the market. Furthermore, companies in North America are focusing to invest in the heavy construction projects which acts as a crucial factor for the growth of the Self-cleaning glass market. For instance, In August 2019, Infrastructure and Energy Alternatives, Inc. has announced a new wind energy project award valued at approximately USD 98 million.
Asia pacific is expected to grow with high CAGR in the estimated period. Increase in income and expenditure levels are the major reason for the growth of the market in Asia pacific countries
Competitive Analysis:
Some of the major players include Asahi Glass Co, Cardinal Glass Industries, Nippon Sheet Glass, Guardian Industries, Saint-Gobain, Foshan Qunli Glass Company Limited, PPG Industries, Inc., Wuxi Yaopi Glass Engineering Company Limited, ZNG Glass Company Limited, Dongguan City of East Pearl River Glass Company Limited and Australian Insulated Glass.
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About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
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