Infrared reflective glazing is a reflective anti-radiation layer that helps in reducing the UV rays and heat that shine through rooms and cars. This layer can eliminate flares and enhance the driver’s experience. The increasing adoption of automobiles is anticipated to bolster the rising demand for advanced anti-glare and safety features in cars. Infrared reflective glazing is an advanced coating material used in car windows to protect from harsh sunlight and harmful UV rays.
Business Research Insights states that the infrared reflective glazing market size was USD 2014.8 million in 2020 and is projected to reach USD 3951.4 million by 2026 at a CAGR of 10.1% during the projected period.
Disrupted Supply Chain & Halted Manufacturing Amid Pandemic Restricted the Industrial Growth
The COVID-19 pandemic has greatly impacted transportation services and disrupted the supply chain. Also, governments imposed strict restrictions on import/export activities and affected the logistics activities globally. These factors affected industrial expansion and hindered growth opportunities during the pandemic period. Furthermore, due to lack of raw material supplies, the production rate of the leading companies was severely hampered.
Will Automated & Electric Powered Automobiles Foster Industry Development?
Leading market players' technological advancements and the adoption of emerging technologies are expected to support the infrared reflective glazing industrial growth. Leading companies are focusing on adopting the latest technologies to propel growth and enhance their overall business performance. Furthermore, the rising adoption of electric-powered vehicles and in-built protecting shields to resist UV rays is anticipated to bolster industry development.
Below Mentioned are the Profiles of the Leading Infrared Reflective Glazing Companies:
1. Nippon Sheet Glass Co. Ltd:
Nippon Sheet Glass Co Ltd is a leading market player, established in 1918 and headquartered in Tokyo, Japan. The company acquired Pilkington of the U.K. in 2006. This acquisition supported the company in expanding its business globally. The company’s approximate revenue per year is around USD 5.526 billion
2. Eastman Chemical Co. (Southwall):
Eastman Chemical Company is an American organization working in the chemical industry. The company was established in 1920, and its headquarter is located in the U.S. The company is specialized in producing advanced materials, fibers, and chemicals. Eastman Chemical Company has around 50 manufacturing sites globally
3. Asahi Glass Co. Ltd:
Asahi Glass Co Ltd is a Japanese company headquartered in Tokyo. The company was established on 8th September 1907 and is known as one of the leading glass manufacturing companies. The company provides a wide range of products such as architectural glass, chemicals, and applied glass materials and works on research & development activities.
4. Saint Gobain:
Saint Gobain is a leading multinational company founded in 1665 and headquartered on Paris's outskirts. Initially, the company focused on producing glass material and now produces a variety of construction, high-performance, and other materials.
5. Guardian Industries Corporation:
Guardian Industries Corporation is a private glass manufacturer headquartered in the U.S. The company was established in 1932 and produces float glass, fabricated glass products, building materials, and fiberglass insulation for residential, automotive, automotive, and commercial applications
6. Fuyao Group:
Fuyao Glass Industry Group Co. Ltd is a glass manufacturing company headquartered in China. The company was established in 1987 and is specialized in manufacturing construction glass, float glass, and automobile glass. The organization provides its services globally to improve its business performance.
7. Central Glass:
Central Glass Co. Ltd. was established on 10th October 1936 and is headquartered in Japan. The company produces both glass and chemicals that can be used by various end-use industries such as construction and automobiles. Central Glass developed its brand image globally.
8. Xinyi Glass Holdings:
Xinyi Glass Holding was established in 1988, and its headquarters are located in Hong Kong, China. The company is recognized as the world’s leading integrated glass manufacturer. Its major business areas are manufacturing construction, float glass, and automobile glass.
Potential Growth Scope for the Infrared Reflective Glazing Industry
The rising crisis of global warming and changing climatic conditions is expected to propel growth due to increasing product demand. The companies operating in this industry focus on