Coated Glass Market – Global Industry Analysis And Forecast (2023-2029)

The Coated Glass Market was valued at US$ 38.15 Bn. in 2022. The Global Coated Glass Market size is estimated to grow at a CAGR of 8.8 % over the forecast period.
Coated Glass Market Overview:
The report explores the market’s segments (Type, Application, End-User, and Region). Data has been provided by market participants and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2022. The report investigates the market’s drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the market’s contemporary competitive scenario.



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Coated Glass Market Dynamics:
Factors Affecting the Increase in Coated Glass Market across the Globe:

Coated Glass contains a conductive oxide infrared reflecting layer that makes them water repellence, dirt and snow repellence, durable protection, cleansing properties, and corrosion resistance. It is used in different sectors like marine, aviation, building and construction, automotive, and other sectors due to their physical factors. Urbanization has boosted the construction of Eco green commercial buildings and green projects, which are driving the growth of market. Innovative technologies like computers, smartphones, tablets, laptops, etc.

Coating glass is required for the manufacturing of these. These coating glasses provide anti-scratch, anti-reflective improved resistance, and unwanted ultraviolet and irradiation reflection. Growing popularity for anti-reflective coating solar tempered glass. Increase in growth of green construction buildings. Coated glass is often used in windshields which is high-tech and improves thermal comfort inside the cars.

These windshields protect the driver of the vehicle from wind and different objects like dust, insects, and pieces of rocks. UV coatings on the windshields can be used for filtering UV radiation. Binocular glasses use anti-reflective coating glasses to reduce reflection, which helps in reducing eye strain. These anti-reflecting coating glasses are useful for telescopes which improve contrast and other applications. Sunglasses also have anti-reflecting coating glass for removing the glare of sunlight. With the increasing growth of fuel-efficient cars, the overall demand for the market is increasing globally during the forecasted period.

Factors that are Hampering the Market:

During the manufacturing of coating glasses, metallic coatings are used, which has safety and health risks associated with the work for the industrial workers who are in contact with them. Inhaling of these harmful coatings is hazardous for the worker. VOCs and HAPs are leading to health problems like headaches and nausea, dizziness, and also irritation of skin and ice. The safety of workers is an important factor. The Environmental Protection Agency says dangerous air pollutants are released into the external environment at a rate of millions of pounds every year that are proven to be a reasonable cause of cancer and other serious respiratory diseases. As a result, these factors are responsible for hampering the growth of the market.

High Replacement Cost Associated with Coated Glasses:

There is a high cost associated while replacing the existing window glass with coated glasses. This reason is hampering the growth of the market. The cost for the initial installation of Low-E glasses is higher than the initial cost for installing uncoated glasses. A soft-coated Low-E glass has a much more expensive installation cost as compared to Low-E glass. Optical devices which have anti-reflecting coatings are expensive because of the cost involved in the process and machinery for manufacturing coatings. Moreover, industrial workers working in coating glass manufacturing industries suffer the dangerous health issues and safety risks of metallic coatings. All these are the major restraints that can hamper the growth of market globally.

Coated Glass Market Trends:

Coated glass is made of silicon dioxide or also called Silica. It is used for reducing the emission of pollutants. Glass Coatings have many advantages as they provide water repellence, increase the durability of the glass, and reduce the UV and IR rays. Coated glass improves the energy efficiency of buildings. Coating Glass is contributing to the infrastructure and construction industry by projecting Eco- Green techniques for buildings that would conserve energy and also reduce global warming. To promote these projections government is also providing incentives for encouraging these. All these features are fueling the demand for  Market.
Coated Glass Market Segment Analysis:
Based on Product Type, the Coated Glass Market is segmented into Low-E glass, Solar Control Panel, Hard Coated, and Soft Coated. The low-E glass segment held the largest market share accounting for 37.1% in 2022. Low- E Glass provides energy-saving, aesthetic and soft coated. Architectural designs are demanding for Low-E glass. Using Low- E glass has become a smart option as it reduces the UV rays that are entering inside a building which impacts damaging the fabrics and carpets. When Low-E coatings are applied to glass, it improves its U-Value.

Based on Application, the Coated Glass Market is segmented into Facades, Windows, Partitions, and others. The widow segment is expected to have the maximum market share of the coated glass market. The growing demand for energy-conserving building methods is initiating the growth in the use of energy costs, so this is leading to the growth of coated glass market for windows. Low-E coatings tend to reduce the emissivity of the glass of the window. It insulates the windows as the maximum heat through the windows. Hence the window segment is expected to hold the maximum market shares.
Coated Glass Market Regional Insights:
The Asia Pacific region held the largest market share accounting for 34.8% in 2022. There is a significant growth expected in demand for coated glass within various sectors of the countries of the Asia Pacific region like automobile, construction, aerospace, research, and defense. Asia Pacific region has the highest glass products manufacturing units, which is a reason for it being the dominating region. Also, the manufacturing of fuel-efficient and lightweight vehicles is emerging, which is having a high demand for Coating Glasses. All these factors are fuelling the need for coated glasses and also dominating them.

The North American region is expected to witness significant growth at a CAGR of 9.4% through the forecast period. This is due to a significant increase in the use of facades for the building of the hotels and skyscrapers. Many developed countries are using these in Commercial buildings. The emerging advanced technologies are used for conserving energy and also getting the benefits of government incentives. These government incentives are encouraging the people to go green and conserve energy. Hence all these factors can contribute to the North American region expecting a witness significant growth during the forecast period.

The objective of the report is to present a comprehensive analysis of the global Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear, futuristic view of the industry to the decision-makers.

The reports also help in understanding the Coated Glass Market dynamic and structure by analyzing the market segments and projecting the Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Coated Glass Market make the report investor’s guide.
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Global Coated Glass  Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 38.15 Bn.


Forecast Period 2023 to 2029 CAGR:
8.8%
Market Size in 2029:
US $ 68.85 Bn.


 Segments Covered:
by Type
Low-E glass
Solar Control Panel
Hard Coated
Soft Coated


by Application
Facades
Window
Partitions
Others


by End-Use
Construction
Automotive
Sports & Leisure
Aerospace & defense
Others



Coated Glass Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Coated Glass Market Key Players:
1 AGC Inc.
2 Central Glass Co. Ltd.
3 CEVITAL GROUP
4 China Glass Holding, Ltd
5 Euro glass
6 Fuyao Glass Industry Group Co., Ltd
7 Guardian Industries
8 Nippon Sheet Glass Co., Ltd
9 Saint-Gobain S.A
10 SCHOTT AG
11 Sisecam Group
12 Taiwan Glass Ind. Corp
13 Vitro S.A.B. DE C.V
14 Xinyi Glass Holdings Co. Ltd
15 Guardian Industries
16 Saint Gobain
17 Corning Inc.
Frequently Asked Questions
1) How big is the market?
Ans: The global coated glass market size was estimated at USD 38.15 billion in 2022 and is expected to reach USD 68.85 billion in 2029.

2) What is the market growth?
Ans: The global coated glass market is expected to grow at a compound annual growth rate of 8.8% from 2022 to 2029 to reach USD 68.85 billion by 2029

3) Which segment accounted for the largest market share?
Ans: Partitions application dominated the coated glass market with a share of 38.15% in 2022. This is attributable to increasing awareness regarding energy efficiency, global warming, the rising construction of green buildings, and technological developments in the coated glass.

4) What are the factors driving the market?
Ans: Key factors that are driving the market growth include the rising emphasis across the globe on increasing the energy efficiency of buildings