The Global Coated Glass Market size accounted for USD 32,951 Million in 2021 and is expected to reach USD 71,425 Million by 2030 growing at a CAGR of 9.2% during the forecast period from 2022 to 2030.
The growing awareness of energy-efficient eco-friendly building projects in urban areas is attributed to the growth of the coated glass market. Additionally, changes in consumer lifestyle preferences, as well as excessive consumption of aesthetically beautiful and luxury vehicles, are expected to drive global coated glass market growth.
Coated glass is a high-tech glass product with protective coatings of nanostructured materials (0.01 m to 0.8 m) sprayed on it. As a result, the coating is composed of a stack of different types and thicknesses of sub-coatings. In response to solar irradiance, it changes the behavior patterns of the crystal in the infrared and visible domains. Transparency is now required in industrial and residential infrastructure, with many high-rise buildings featuring massive glass expanses and external cladding. Despite the fact that glass is still relevant in contemporary architectural styles, technology developments are still the subject of research and development in order to obtain new performance properties from the glass coating material.
Coated Glass Market Dynamics
Coated Glass Market Drivers
Coated Glass Market Restraints
Coated Glass Market Opportunity
|Market||Coated Glass Market|
|Market Size 2021||USD 32,951 Million|
|Market Forecast 2030||USD 71,425 Million|
|CAGR During 2022 - 2030||9.2%|
|Analysis Period||2018 - 2030|
|Forecast Data||2022 - 2030|
|Segments Covered||By Type, By Application, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||AGC Inc., Nippon Sheet Glass Co., Ltd, SCHOTT AG, China Glass Holding, Ltd, Taiwan Glass Ind. Corp, Fuyao Glass Industry Group Co., Ltd, Sisecam Group, CEVITAL GROUP, Saint-Gobain S.A, Euro glass, Central Glass Co. Ltd., and Guardian Industries.|
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
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Coated glass has a resistive oxide infrared replicating layer that resists dirt and snow, has clean-up properties, provides long-lasting safeguards, repels water, and is corrosion resistant. It is used in a wide range of industries due to its physical properties, including aviation, automotive, building and construction, marine, and others. Urbanization has speeded up the construction of environmentally friendly commercial buildings and developments, fueling the expansion of the coated glass market. Coating glass is considered necessary for the development of new and innovative consumer electronics advanced technology such as cell phones, laptops, tablets, computers, and so on. These coating glasses are anti-reflective, anti-scratch, and resistant to infrared light and irradiation reflection. Solar tempered glass with anti-reflective coating is gaining popularity. Green building construction structures are becoming more popular, with the use of coated glass for improved appearance and efficiency, driving the market trend.
The increasing demand for renewable energy resources, combined with the increasing use of solar panels in building structures, will have an impact on the growth of the coated glass market in the coming years. The increasing use of heat reflective glass in office towers, strong growth in low-cost housing, technological advancements in the automotive sector for accident prevention, and rapid industrialization are all expected to drive coated glass market trend. On the other hand, the thriving IT & ITES industry, as well as the expansive construction of green architecture, will create numerous opportunities for the coated glass market size to grow throughout the forecast period. Besides that, high production costs and the environmental effects on glass resilience will stifle growth in the coated glass industry in the coming years.
Coated Glass Market Segmentation
The global coated glass market segmentation is based on the type, application and geographical region.
Coated Glass Market By Type
In terms of type, the low-E glass segment held the largest market share in 2021. Low-e glass is a type of glass that is made by wrapping it in metallic particles. This glass has a low emission spectrum, indicating that it emits the least amount of thermal radiation from the surface. To reduce heat transmission, all surfaces are recognized for their ability to transmit, reflect, and absorb heat. It is also used to stop ultraviolet radiation waves in light waves. Building activity and public awareness of energy conservation in residential development and green constructions are driving the global low-E glass segment. The growing use of Low-E glass in automobiles for lighter weight glazed windows to reduce vehicle weight and improve fuel efficiency is a promising factor influencing the low-E glass segment's and increase the coated glass market share. Furthermore, because of its superior characteristics, Low-E glass is becoming increasingly popular in both residential and commercial architectural structures.
Coated Glass Market By Application
Based on the application, the construction segment is projected to expand with significant market shares in the coming years. Coated glass is glass that has been slathered with various metallic elements to allow only specific wavelengths of solar irradiance to reach a building. Factors such as rapid population growth, increasing urbanization, demand for affordable housing, and advancements in service industries such as IT and ITES drive the coated glass industry in the construction segment. Due to its numerous specific properties such as improved scratch resistance, chemical and mechanical stress, and shatters protection, coated glass is the most advantageous, convenient, and cost-effective alternative to the products. Furthermore, the market is anticipated to expand as a result of the increased supply of home decoration glass with photographic prints, as well as the adoption of sustainable and green construction practices, as well as energy-efficient innovations.
Coated Glass Market Regional Outlook
The Middle East & Africa (MEA)
Europe is expected to grow at the fastest rate in the coated glass during the projected timeline. The region's focus on green building development is expected to boost the coated glass market. The region's environmentally friendly construction industry focuses on heating, lighting, insulation, and self-powered housing developments. Low-E coated solar control glass represents heat away from the windows in several high-efficiency buildings, leaving cooler air for airflow during the summer season. Furthermore, the European Council reports that green and sustainable buildings accounted for 28.0 percent of all building projects in Europe in 2016, boosting demand for coated glass in countries such as France and Germany. Increased vehicle production in the region is also another factor driving the covered glass market in Europe. Additionally, luxury automakers are starting to use coated glass windscreens to improve the driving experience, which drives the regional market.
Coated Glass Market Players
Some of the prominent global coated glass market companies are AGC Inc., Nippon Sheet Glass Co., Ltd, SCHOTT AG, China Glass Holding, Ltd, Taiwan Glass Ind. Corp, Fuyao Glass Industry Group Co., Ltd, Sisecam Group, CEVITAL GROUP, Saint-Gobain S.A, Euro glass, Central Glass Co. Ltd., and Guardian Industries.
The global coated glass market size accounted for USD 32,951 Million in 2021.
The projected CAGR of coated glass during the analysis period of 2022 to 2030 is 9.2%.
The prominent players of the global coated glass market involve AGC Inc., Nippon Sheet Glass Co., Ltd, SCHOTT AG, China Glass Holding, Ltd, Taiwan Glass Ind. Corp, Fuyao Glass Industry Group Co., Ltd, Sisecam Group, CEVITAL GROUP, Saint-Gobain S.A, Euro glass, Central Glass Co. Ltd., and Guardian Industries.
Asia-Pacific held the dominating share for coated glass during the analysis period of 2022 to 2030.
Europe region exhibited fastest growing CAGR for coated glass during the analysis period of 2022 to 2030.
Increasing demand for a clean source of energy, growth in the Building and Construction Industry, and elevated use is luxurious and autonomous automotive are the prominent factors that fuel the growth of global coated glass market.
Based on type, low-e glass segment held the maximum share for coated glass market in 2021.