Coated Glass Market to Grow at a CAGR of 8.02% through 2028
Rapid
Urbanization & Advancements in Glass Coating Technology are the factors
driving the market growth.
According
to TechSci Research report, “The Global Coated Glass Market - By Region,
Competition, Forecast & Opportunities, 2029”. The Global Coated Glass Market is expected to grow with a
CAGR of 8.02% during the forecast
period. The construction sector's demand
for energy-efficient and aesthetically appealing building materials has led to
increased use of coated glass for windows, facades, and other architectural
applications. Urbanization trends are driving the demand for modern
infrastructure and buildings, creating a higher need for coated glass in urban
construction projects. Stringent energy efficiency regulations and a focus on
reducing carbon emissions have prompted the adoption of coated glass with
properties that enhance insulation and reduce energy consumption. The
automotive sector uses coated glass for windshields and windows, driven by
factors like enhanced UV protection, glare reduction, and improved aesthetics.
Ongoing advancements in glass coating technology have resulted in the
development of new, innovative coatings that offer improved performance
characteristics. The push for sustainable materials and practices has led to
the adoption of coated glass that contributes to energy savings and reduced
environmental impact. Coated glass can provide various aesthetic effects, such
as reflective, tinted, or patterned glass, meeting the demand for visually
appealing building designs. Coated glass can be engineered to provide enhanced
safety and security features, making it suitable for applications where these
qualities are crucial, such as automotive and architectural contexts. As the
automotive industry expands globally, the demand for coated glass for vehicles,
especially premium and electric vehicles, is expected to increase.
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over xx market data Figures spread through 180 Pages and an in-depth TOC on " The Global Coated Glass Market.”
The
expansion of the covered glass market is also driven by the increase in the
number of construction projects, the transfer of production facilities from
other regions to Asian countries, the increase in investment in the automotive
industry and the increase in the production of solar panels region The covered
glass industry is projected to benefit from the growth of automotive production
in the Asia-Pacific region. Automakers began to incorporate coated glass into
vehicles, especially luxury cars, although tinted glass was not widely used in
the automotive industry. Significant cost advantages in Asian countries could
help expand car production.
Coated
glass is widely used in the building and construction industry for facades,
partitions, windows, etc., making the building and construction industry a
critical market segment for coated glass. Coated glass is used in buildings as
energy-saving glass due to its capacity to minimize the expense of air
conditioning and heating for the building's occupants. Globally, there is a
rising emphasis on improving the energy efficiency of buildings. According to
International Energy Agency (IEA), 36% of global final energy consumption is
accounted for by buildings, including commercial, residential, and public
structures. As a result, they provide unprecedented energy savings prospects.
Over the previous two decades, there has been a rise in the global implementation
of building regulations mandating energy efficiency in buildings. In 2003, the
Design Standard for Energy Efficiency in Residential Buildings in the Hot
Summer and Warm Winter Zones was established in China, particularly for the
hottest southern regions of China. Low-e glasses are coated with metallic
and/or metal oxide to improve solar management and energy efficiency. With the
expansion of the worldwide construction sector and the tight enforcement of
building rules, the coated glass market is anticipated to expand rapidly.
Key
market players in the Global Coated Glass Market include:
- Saint-Gobain
S.A
- AGC
Inc
- Guardian
Industries
- NSG
Group
- PPG
Industries
- SCHOTT
AG
- Vitro,
S.A.B. de C.V
- Asahi
Glass Co., Ltd
- Euroglas
GmbH
- Xinyi
Glass Holdings Limited
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“Glass
is the most dominant material in modern architecture. In addition, glasses are
designed to contain many desired properties by changing their composition and
processing. The technical properties of the glass have been changed so that it
can be used for thermal, solar, sound control and safety glass. These glasses
undergo special chemical and mechanical treatments to increase their strength,
durability and coatings for specific applications. Coatings are applied to the
glass in such a way as to control the exposure of the glass surface to the
vapors that bind to the glass to form a permanent coating. In addition, glass
coatings improve specific reflection, transmittance, absorption properties,
scratch resistance and corrosion resistance.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Coated
Glass Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast Segmented By Production Process (Hard Coat, Soft Coat), By
Application (Architectural, Electronics, Automotive, Aerospace & Defense,
and Sports & Leisure), By Function (UV Protection, Heat Protection,
Water-Repellent Coating, Shatter Protection, Self- Cleaning Coatings, and
Graffiti Protection), By Product (Low-E Glass, Heat Reflective), By
Region, Competition 2018-2028”, has evaluated the future growth potential of Global
Coated Glass Market and provides
statistics and information on market structure, size, share, and future growth.
The report is intended to provide cutting-edge market intelligence and help
decision-makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities present in the Global Coated Glass Market.
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