BEIJING, July 21. 2022 (GLOBE NEWSWIRE) — The Global coated glass market The 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.
In recent years, the coated glass market has developed rapidly along with the flat glass industry. Economic downturns such as COVID 19 have impacted many coated glass end user industries including construction, automotive and solar glass. However, increasing adoption in the construction, automotive, renewable energy and manufacturing industries, along with the global economic recovery, are driving the demand for coated glass. Additionally, laws and regulations aimed at reducing CO2 emissions and conservation and natural energy propel the growth of the coated glass market. Additionally, retrofits of existing buildings in these areas are a significant opportunity for the coated glass market, especially for low-e glass, which appears to have sound insulation and passive solar design properties to improve the energetic efficiency.
In modernist architecture, glass became the most dominant material. Lenses can also be designed to have a wide range of desirable characteristics by changing their configuration and manufacture. Glazing changes the performance characteristics of glass, allowing it to be used for solar, sound insulation, thermal control and safety glass. These glasses have been subjected to specialized mechanical and chemical treatments to improve their resilience, durability and surface coating for specific applications. Coated glass is used to reduce the exposure of the glass screen to solar radiation and other heat waves, which bond to the crystal to form a durable coating. In addition, a coating on the glass improves special introspection, scratch resistance, absorption, transmission and corrosion resistance.
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|Market||coated glass market|
|Market size 2021||$32,951 million|
|Market Forecast 2030||$71,425 million|
|CAGR from 2022 to 2030||9.2%|
|Analysis period||2018 – 2030|
|Year of reference||2021|
|Forecast data||2022 – 2030|
|Segments Covered||By type, by application and by geography|
|Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Profiled Key Companies||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 SA, Euro glass, Central Glass Co. Ltd. and Guardian Industries.|
|Report cover||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis|
|Scope of customization||10 a.m. free customization and expert advice|
Growth aspects of the global coated glass market
Coated glass is an advanced type of glass that has been sprayed with thin layers of metallic nanoparticles. From a solar energy perspective, it changes the attitudes and behaviors of glass in the infrared and visible contexts. This material can only be used inside the protective glass. Flat glass that has been coated with introspective, Low-E, High Coat, Soft Coat, and anti-reflective coatings is called coated glass. Growing demand for residential and commercial construction, along with improved green infrastructure, is driving the coated glass market. Additionally, concerns about rapidly rising costs for commercial air conditioning are expected to increase the demand for solar glass in the near future. The rise of the automotive industry as a highly specialized application segment could further increase the demand for coated glass.
The spread of COVID-19 poses a significant threat to the global economic system and materialism. To combat the growing prevalence of the virus, the government has issued a complete compliance ban, which tends to lead to the suspension of manufacturing, the closure of all work environments, the limitation of public interactions and the possible suspension of commercial activities. and manufacturing worldwide. However, the global epidemic has stifled the growth of the coated glass market. Many production companies have been forced to temporarily halt operations in order to comply with government-imposed containment measures. This usually leads to a halt in vehicle manufacturing and infrastructure activity, as well as a slowdown in the market.
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Rising Global Solar Capacity Propels Coated Glass Market
The global solar industry, especially in infrastructure development, is expected to grow dramatically. Solar capabilities are growing due to depletion of clean energy resources, regulatory environment, environmental issues, falling cost of solar power systems, advancements in technology, and growing demand for electricity. Developments in the solar industry predict an increase in the use of solar panels, which could eventually affect the demand for coated glass. The glass of the solar panels is essential because it acts as a barrier between the harsh external elements and the photovoltaic solar cells. The coated glass of solar panels is important because it has a direct impact on the operation and performance of photovoltaic systems.
Coated Glass Market Regional Overview
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa constitute the regional classification of the global coated glass market. Asia-Pacific is expected to emerge the fastest and hold the largest market share over the forecasted years. This expansion is linked to the increase in discretionary income, rapid economic growth and the advancement of the infrastructure and construction industries. Additionally, the demand for coated glass is expected to rise in the Asia-Pacific region, including automotive manufacturing, manufacturing, aviation, scientific research, and defensive efforts. Thus, because the Asia-Pacific region has the most factories producing glass products, it is the dominant region. Moreover, the production of fuel-efficient and compact vehicles is increasing, resulting in a high demand for coating glasses. All these factors are driving and dominating the demand for coated glasses in the regional market.
Coated Glass Market Segmentation
The global coated glass market has been segmented by Acumen Research and Consulting on the basis of type and application. Based on type, the market is divided into low-e glass, solar control panel, hard coating, and soft coating. Based on application, the market has separated into automotive, construction, aerospace & defense, sports & leisure, and others.
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Coated Glass Market Players
Some key players covered globally in the coated glass industry 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 SA, Euro glass, Central Glass Co. Ltd. and Guardian Industries.
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About Acumen Research and Consulting:
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Mr. Richard Johnson
Acumen Research and Consulting
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