The global electrochemical glass market size reached US$ 2.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.9 Billion by 2028, exhibiting a growth rate (CAGR) of 13.21% during 2023-2028.
Electrochemical glass, also known as dynamic glass, refers to an electronically tinted glass used in windows, doors, mirrors, and indoor applications. A low-voltage electrical charge is passed through a thin coating on the glass surface that activates an electrochromic layer, which can change color from transparent to translucent or opaque. Electrochemical glass helps to reduce overheating in highly glazed spaces by decreasing the G factor and light transition of glass, thereby keeping the interiors cooler and saving additional air-conditioning costs. As a result, these glasses are widely used across diverse industries, including construction, automotive, aerospace, marine, etc.
The rising environmental concerns towards high carbon emissions from conventional glasses in commercial and residential buildings are driving the need for energy-efficient solutions. Electrochemical glass helps in controlling the amount of heat generation based on ambient temperature, which further reduces the emission of greenhouse gases. Moreover, the growing construction of smart infrastructures is also propelling the demand for electrochemical glass for controlling overheating and maintaining room temperature. In line with this, several government bodies across the globe are increasingly investing in the sustainable development of green and energy-efficient buildings, thereby catalyzing the demand for electrochemical glass. Additionally, the rising number of refurbishment and remodeling activities has led to the replacement of conventional glasses with electrochemical glass across office buildings, institutions, retail facilities, healthcare centers, etc. Moreover, the growing demand for glare-free glass components, such as windshields, rear- and side-view mirrors, windows, etc., in automobiles is also propelling the market growth on a global level. The electrochemical glass in vehicles helps in minimizing extra glaze, improving vehicular efficiency, maintaining interior temperature, and enhancing passenger comfort. In the coming years, the increasing usage of electrochemical glass in various smart devices will also continue to further drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global electrochemical glass market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on material, technology, product and end use industry.
Breakup by Material:
- Transition Metal Oxide (TMO)
- Reflective Hydride
Breakup by Technology:
- Low E-Glasses
- Passive Glasses
- Active Glasses
Breakup by Product:
Breakup by End Use Industry:
- Educational Buildings
- Healthcare and Lab Facilities
Breakup by Region:
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
- Saudi Arabia
The competitive landscape of the industry has also been examined with some of the key players being AGC Inc., ChromoGenics AB, Dupont De Nemours Inc., Econtrol-Glas GmbH & Co. KG, Gentex Corporation, Guardian Industries (Koch Industries Inc), Ravenbrick LLC, SAGE Electrochromics (Compagnie De Saint-Gobain) and View Inc.
|Base Year of the Analysis
||Material, Technology, Product, End Use Industry, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Turkey, Saudi Arabia
||AGC Inc., ChromoGenics AB, Dupont De Nemours Inc., Econtrol-Glas GmbH & Co. KG, Gentex Corporation, Guardian Industries (Koch Industries Inc), Ravenbrick LLC, SAGE Electrochromics (Compagnie De Saint-Gobain) and View Inc.
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Key Questions Answered in This Report:
- How has the global electrochemical glass market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global electrochemical glass market?
- What are the key regional markets?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global electrochemical glass market and who are the key players?
- What is the degree of competition in the industry?