The global coated glass market size is expected to reach USD 48.17 Billion by 2027, registering a revenue-based CAGR of 8.3% over the forecast period, according to a new report by Report and Data. One of the key drivers of the industry is the growth of the building and construction industries and the growing focus on green buildings worldwide. Glass is coated to meet particular requirements in thermal and solar efficiency, advancement in visibility, and to adjust the surface characteristics without altering the fundamental structure of the glass, states the Glass Association of North America. As compared to natural variation of the glass, the resulting product increases energy conservation. Coated glass contributes to improving safety, sunlight control, and hydrophobic qualities. For both practical and ornamental purposes, the coated glass is used.
Technological advancement in the transport sector has positively influenced manufacturers in terms of safety and high fuel efficiency to invest in R&D and to expand & improve the product range, stimulating the growth of the coated glass industry. The size of the coated glass market will be enhanced by increased product use in automotive windshields. These products help to reflect excessive IR and UV radiation and provide safety, and resistance to thermal shock, thus propelling demand for coated glass on the market. In 2019, over 70 million passenger car units were sold worldwide, of which more than 25% of sales occurred in Europe.
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Asia Pacific dominated the world-wide industry in 2019. China held the highest share in the region, while emerging economies, such as India and the nations of Southeast Asia, are assessed to witness substantial growth in the coming years. Rapid industrialization in the area is due to the development of the building and construction sector and such a factor will play a major role in driving coated glass industrial growth.
Europe will register steady growth of over 3.5 percent. Due to increase in demand for green buildings, hospitals, offices and institutions, construction demand has increased in Europe. The growth in environmental issues has led to numerous regulations for carbon emissions and energy savings being introduced. In vehicles, coated glass is used by car manufacturers as they do not break in to sharp shards after accidents. Accordingly, the presence of numerous automotive manufacturers in the region has favoured a rise in demand for coated glass.
Impact of COVID19 on Coated Glass Market
The business was negatively affected by COVID-19. The lower consumer demand for many commodities will also have a negative impact on the products of this industry, but for a shorter period of time. Business has been slower for both building developers and car manufacturers, but working on the premise that the government would implement the requisite quantitative easing initiatives to help the development of these sectors, the impact is likely to be short-term rather than crisis-ridden. The building supply chain is heavily affected. By intensified focus on worker safety and increased cost pressure, the transition to offsite construction methods could be accelerated. Because of these uncertain conditions, this industry will therefore be slower for a brief period of time, but it is expected to gain momentum by the end of 2021.
Coated glass market participants include:
- Guardian Industries
- Saint-Gobain, PPG
- Sisecam Group
- Glaze-Tech Industries
- Schott AG
- Euroglas
- Abrisa Technologies
- Pilkington Group
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Coated Glass Market: Segmentation
For the purpose of this report, Reports and Data has segmented into the global coated glass market on the basis of product type, end use, application, and region:
Product Type (Revenue, USD Million; 2017-2027 and Volume, Kilo Tons; 2017-2027)
- Hard coated
- Soft coated
- Low-E Glass
- Solar control
Application Outlook (Revenue, USD Million; 2017-2027 and Volume, Kilo Tons; 2017-2027)
- Facades
- Window
- Partition
- Others
End Use Industry Outlook (Revenue, USD Million; 2017-2027 and Volume, Kilo Tons; 2017-2027)
- Construction
- Automobile
- Sports and leisure
- Aerospace & defense
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Regional Outlook (Revenue, USD Million; 2017-2027 and Volume, Kilo Tons; 2017-2027)
- North America
o U.S
- Europe
o Germany
o U.K
o France
- Asia Pacific
o China
o India
o Japan
- MEA
- Latin America
o Brazil
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