Low iron glasses are ultra-clear and provide significantly higher degree of transparency than any other form of glass such as clear float glass. The optimum transparency is derived by removing maximum level of iron oxide content used in producing glass. The low iron glass market is segmented into two categories, by application and by geography. The application type for the low iron glass market includes concentrating solar power (CSP) sector and architectural sector. Architectural sector is further segmented into Commercial and residential.
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This report covers an in-depth analysis and an estimation of the low iron glass market, for the period of 2015 – 2021. The low iron glass market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). In addition, the current market dynamics including the drivers, restraints, trends and recent developments have been captured throughout the report.
The global low iron glass market is expected to poise a steady growth due to increasing adaptation of concentrating solar power globally for solar thermal energy. Concentrating solar power plants uses low iron glasses to generate electricity through traditional thermodynamic cycle. The growing demand of glass for interior designs and as architectural features is creating a positive impact on the demand for low iron glass market. Low iron glass provides better visibility. Moreover, the increasing usage of this type of glass as windows, doors, partitions and skylights in commercial as well as residential buildings is contributing to the growth of low iron glass market globally.
One of the major challenges faced by the low iron glass market is the high price of the products. Premium quality low iron glasses are costlier than the general glasses. To increase the efficiency of the low iron glasses, manufacturers are using premium quality solutions and raw materials in their products, which lead to increased product cost. These high priced low iron glasses are beyond the reach of mass consumers. Thus, cost constraint is one of the key factors restraining this industry.
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The major usage of low iron glass is in solar industry. Glass manufacturers are emerging as partners of solar plant operators. The growth of solar industry is stimulating the demand for low iron glass market globally. The demand for low iron glasses are increasing in concentrating solar plants, as these glasses are transparent and efficiently capture solar power. Concentrating solar power technology uses low iron glasses to concentrate the sunlight’s energy and converts it into heat to generate electrical power through turbine. Consumer demand for premium quality glasses for windows, doors with better visibility and clarity is fueling the demand for low iron glass in architectural sector globally. Research is being carried out to design the premium quality low iron glasses for better clarity.
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