According to IMARC Group’s latest report, titled “Electrochemical Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market grew at a CAGR of around 10% during 2015-2020. Electrochemical glass, or dynamic glass, is powered by very low-voltage electricity. It is a type of smart glass that uses sensors, manual operation or a building management system (BMS) to adjust its opacity according to the temperature, occupancy, and light. It can be differentiated into electrochromic or thermochromic glass. An electrochemical glass can be installed in various architectural components, including mirrors, doors, skylights and windows. Other than this, it is extensively used in the automotive, marine and aerospace industries.
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The escalating demand for energy-efficient solutions is primarily driving the global electrochemical glass market toward growth. Governments of various nations have been undertaking several green building initiatives, which is further promoting the growth of the market on a global level. Besides this, an increase in disposable incomes has escalated the demand for premium-quality vehicles with various automated features, which, in turn, is facilitating the utilization of electrochemical glasses in the automotive industry. Moreover, increasing installation of smart glass in residential, hospital and office buildings is creating a positive outlook for the market. Looking forward, IMARC Group expects the electrochemical glass market to continue its strong growth during 2021-2026.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- 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)
- View Inc.
Market Segmentation:
Breakup by Material:
- Nanocrystal
- Transition Metal Oxide (TMO)
- Viologen
- Polymer
- Reflective Hydride
Breakup by Technology:
- Low E-Glasses
- Passive Glasses
- Active Glasses
Breakup by Product:
- Windows
- Mirrors
- Doors
- Displays
- Sunglasses
- Others
Breakup by End Use Industry:
- Commercial
- Educational Buildings
- Corporate
- Healthcare and Lab Facilities
- Others
- Residential
- Transportation
- Automotive
- Aerospace
- Marine
- Others
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Also Read: Home Décor Market Report Significant Highlights, Statistical and Historical Data Forecast 2022-2027
