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Coated Glass Market 2018-2024 Global Key Players SCHOTT, Metro Performance Glass, FUSO Glass India Pvt. Ltd., Asahi Glass Co., Ltd., Saint-Gobain Abrasives BV, Guardian Industries, PPG Industries, Abrisa Technologies
Coated Glass Market
Solar control glass market demand from construction applications will witness gains at over 4% during the projected timespan. The products are used in combination to create multi-functional glazing which results in noise reduction, low-maintenance, enhanced safety & security and aesthetic appeal. They have a microscopically thin coating on one side of the glass which reflects the heat from the sun to the outside and keeps the interiors cooler, thereby enhancing the energy efficiency of the building and stimulating coated glass market growth.
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It is prudent to mention that coated glass market, despite encompassing a diversified application spectrum, has been anticipated to witness significant monetary returns from automotive sector. The substantially increasing product demand for automotive windshields, on virtue of its assistance in reflecting unwanted UV and IR radiation would be the pivotal factor contributing toward the growth of coated glass industry from this application.
In recent times, coated glass industry has witnessed a new wave of contemporary innovations in this sector, grounding on two major rationales- size and complexity of automotive windshield. In the regard, AGP eGlass has recently made it to the headlines with the announcement of its manufacturing of largest windshield in the history of passenger vehicles.
Key raw materials such as soda ash, natural gas, and silica coupled with specialized chemical and mechanical are used in manufacturing coated glass. High production cost and environmental impact on glass durability may hamper coated glass market supply demand gap.
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Coated Glass Market, By Product
• Low Emissivity (Low E) Glass
• Solar Control Glass
• Hard Coat Glass
• Soft Coat Glass
Low-E coated glass market demand from commercial buildings may exceed USD 4 billion by 2024. The product offers low surface emissivity and helps in reduction of UV-value, thus it enhances energy efficiency of the buildings and minimizes CO2 emissions. Increased R&D spending and technological advancement in the product portfolio will surge industry growth.
U.S. solar control glass market size from residential buildings will exceed USD 50 million at the end of 2024. Increasing expenditure on household remodeling and renovation activities in the U.S along with promotion of renewable energy resources will fuel industry growth.
Hard coat glass market demand from automotive windshield application will witness steady gains at over 4.5% by the end of forecast period. Increased usage of product in windscreens to offer convenient driving during harsh weather conditions such as fog, ice, mud and rain will boost product demand.
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India soft coat glass market size is likely to register significant gains close to 6% during the forecast timeline. Increasing construction projects along with styling flexibility, transmittance and reflection properties of these product will drive regional industry growth. The product offers thermal performance and neutral appearance similar to its counterparts, resulting into coated glass market demand.
Europe, with steady growth in Germany, UK and France coated glass market size will exceed 380 million square meters during the forecast period. Builders are more concerned towards safety & security, environmental protection and natural insulation in residential as well as commercial buildings. Superior solar performance, absorption, transmission and reflection properties of the product along with increasing approach towards achieving greater energy efficacy of the buildings will drive industry growth.
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