The Business Research Company’s report on the Coated Glass Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the coated glass market’s growth in recent years?
The rising number of construction activities is expected to propel the growth of the coated glass market going forward. Construction activities refer to the process of determining the stages necessary to create a structure as well as the activities associated with the application of innovative techniques, materials, and technologies in the construction of buildings, infrastructure, and other structures. Coated glass is used in construction activities to deliver long-lasting durability, scratch resistance, and water, dirt, ice, and snow repellence. They also have UV protection, resistance to corrosion, and self-cleaning qualities. For instance, in November 2023, according to the Office for National Statistics, a UK-based government department, the value of new construction work in current prices in Great Britain rose by 15.8% in 2022, reaching a record high of $173,516 million (£132,989 million). This increase was fueled by growth in both the private sector, which contributed $18,387 million (£14,093 million), and the public sector, which added $5,307 million (£4,068 million). During Quarter 3 (July to September) of 2022, there were 374,332 Value Added Tax (VAT) and Pay As You Earn (PAYE) registered construction firms operating in the industry across Great Britain, reflecting a 5.9% increase compared to 2021. Therefore, the rise in construction activities is driving the growth of the coated glass market.
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How does the future projection of the coated glass market size compare to its historical growth?
The coated glass market size has grown strongly in recent years. It will grow from $34.32 billion in 2024 to $37.17 billion in 2025 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to architectural advancements, automotive industry growth, energy efficiency requirements, consumer demand for UV protection, increased focus on safety
The coated glass market size is expected to see strong growth in the next few years. It will grow to $53.55 billion in 2029 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to rise in consumer awareness, smart glass innovations, green building trends, electronics and display market, advancements in nanotechnology. Major trends in the forecast period include augmented reality (AR) application, integration with IoT device, thin-film coating technologies, dynamic light control, anti-reflective coatings.
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Which key players are shaping the future of the coated glass market?
Major companies operating in the coated glass market include AGC Inc., Central Glass Co Ltd., Cardinal Glass Industries Inc., China Glass Holdings Limited, Euroglas GmbH, Fuyao Glass Industry Group Co Ltd., Guardian Industries Corporation, Saint-Gobain SA, Schott AG, Sisecam Group, Taiwan Glass Group, Vitro Architectural Glass, Xinyi Glass Holdings Co Ltd., Interfloat Corporation, PPG Industries Ltd., Arkema SA, Nippon Sheet Glass Co Ltd., Vitro Architectural Glass, CSG Holding Co. Ltd., Corning Inc., North Glass Technology Co Ltd., Gold Plus Glass Industry Limited, Asahi India Glass Ltd, Borosil Glass Work Ltd., Safelite AutoGlass, Specialty Glass Products Inc., Ellsworth Adhesives, Hecker Glastechnik GmbH, Shanghai North Glass Technology Industrial Co Ltd., Aremco Products Inc.
What trends will propel the growth and evolution of the coated glass market?
Product innovation is the key trend gaining popularity in the coated glass market. Companies operating in the coated glass market are adopting new technologies to sustain their position in the market. For instance, in March 2022, Guardian Industries, a US-based manufacturer of glass, float glass, fabricated glass products, fiberglass insulation, and building materials for commercial, residential, and automotive applications, launched two new products called SunGuard SNR 35 and SunGuard SNR 50 coated glass. SunGuard SNR 50 and SunGuard SNR 35 coated glass both offer exceptional low solar heat gain, a neutral silver look, and superb neutral reflection, giving architects alternatives to employ singly or in combination to establish a specific style and bring their plans to life. With a 48% visible light transmission and a solar heat gain coefficient of 02.5, SNR 50 provides a balance of medium reflectivity and neutral aesthetic; SNR 35 has a clean, shiny appearance and a lower solar heat gain coefficient of 0.17 for an even greater energy savings. SNR 50 and SNR 35 can be combined with a wide range of substrates, including UltraClear low-iron glass, for a more neutral appearance. All substrates are available in thicknesses of 6mm, 8mm, and 10mm. Architects can also select clear float glass in thicknesses ranging from 6mm to 12mm.
Which regions are expected to become dominant players in the coated glass market?
Asia-Pacific was the largest region in the coated glass market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the coated glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the coated glass market, and how are they evolving?
The coated glass market covered in this report is segmented –
1) By Coating Type: Online Coatings, Offline Coatings, Dielectric Coatings, Dichroic Coatings, Mirror Silvering
2) By Type: Low E-Glass, Heat Reflective
3) By Function: Safety And Security, Solar Control, Optics, Fire Rated, Other Functions
4) By Application: Automotive, Aerospace And Defense, Optical, Electronics, Architecture, Other Applications
Subsegments:
1) By Online Coatings: Low-E Coatings, Solar Control Coatings
2) By Offline Coatings: Decorative Coatings, Functional Coatings
3) By Dielectric Coatings: Multi-Layer Dielectric Coatings
4) By Dichroic Coatings: Reflective Dichroic Coatings, Transmissive Dichroic Coatings
5) By Mirror Silvering: Silver Coatings, Aluminum Coatings
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What defines the structure and scope of the coated glass market?
Coated glass refers to the glass’ surface having been covered in one or more layers of metal, metal oxide, or other materials, or metal ions having moved over it. They are used for long-lasting, robust defense, scratch resistance, and resistance to water, dirt, ice, and snow. Additionally, they offer self-cleaning, corrosion resistance, and solar protection.
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