The Reflective Glass Market is expected to reach USD 12.44 Billion by 2028, according to a new report by Reports and Data. This can be mainly associated with increasing demand from construction building industries globally. Based on statistics, increased demand from automotive industry is expected to become the most common growth interest globally in the coming years.

Reflective Glass is a type of glass with special coatings that reduce the amount of heat entering into buildings and reflects a significant portion of sunlight, thereby making the indoor space fresher and brighter. The increasing use of glass in modern buildings and the growing awareness of people's comfort have resulted in the more effective use of Reflective Glass in the buildings and automotive market. It allows a minimum sunlight to pass through and reflects a high amount of solar heat thereby making it more favorable for green building applications. The growing trend of green buildings constructions with high energy efficiency and reduced CO₂ emissions is expected to drive the market demand for Reflective Glass over the forecast period.

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Key participants include NSG, AGC Glass, Saint-Gobain, PPG Glass Industries, Guardian Glass, Sisecam Flat Glass, Euroglas GmbH, AIG, SYP Glass, XINYI

Further key findings from the report suggest

• Reflective Glass is a hi-tech product manufactured by the glass industry to allow the needed amount of sunlight to pass through a window or façade while radiating and reflecting away a significant degree of the sun's heat. The indoor space stays bright and much more refreshing than would be the case if the ordinary glass were used.
• The global Reflective Glass Market is growing at the rapid speed owing to the enhanced demand from automotive and construction industry.
• Reflective glass is mostly ordinary float glass with a metallic coating that reduces solar heat. This special metallic coating also provides a one-way mirror effect thus, preventing visibility from the outside and maintaining privacy, reflective glass is used primarily for structural façade glazing.
• The reflective sector of the product segment accounts for the largest market share of 55.19% in 2020. This is due to the rising demand from the automotive and construction industries globally.
• Commercial Buildings accounts for the largest market share of 39.30% in 2020. The growth in this segment is due to the increase in the number of commercial buildings and growing concerns about costs for high air conditioning.
• Automotive sector is anticipated to be the fastest growing application segment growing at a CAGR of 8.6% during the forecast period. The rising demand of this segment is due to the vehicle design developed by major car manufacturers such as Mercedes and Ford-Chrysler USA LLC, which is expected to further propel the market growth.
• Among the thickness segment, 3-5mm is expected to grow a higher rate of 8.6% during the forecast period. 4 mm glass thickness gives the best efficiency when compared to other glass thickness. However, the use of a glass of 4 mm thick needs precautions in handling to avoid extra costs due to breakage.
• The consumption of the product in residential buildings is observed majorly in Europe and North America. The market for this product is assumed to increase steadily in the APAC and MEA due to the upcoming residential building construction projects in these regions.
• The residential buildings sector is the second largest application with a market share of 33.80% in 2020 of the global market.
• Due to adoption and increased usage in applications such as residential buildings and commercial buildings, Europe is forecasted to grow with the highest rate of 8.8%. The growth in North America is due to the concrete construction and automotive industry opportunity in this region.
• Other regions such as North America is estimated to reach USD 2.41 billion by 2028. Due to the significant increase in automotive and construction industry.

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For the purpose of this study, Reports and Data have segmented the global Reflective Glass Market on the basis of Product, Thickness, application and region:

Product Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2020-2028)

• Absorbing Reflective Glass
• Reflective Reflective Glass

Thickness Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2020-2028)

• 3mm
• 3-5mm
• 5mm

Application Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2020-2028)

• Commercial Buildings
• Residential Buildings
• Automotive

Regional Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2020-2028)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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