Coated Glass Market To Grow At 7% CAGR To Hit US $24.5 Billion By 2024

These negative impacts associated with thermal bridging are likely to create ideal growth conditions for the coated glass market in years to come.

With the increasing prevalence of thermal bridging, condensation risks to the internal surfaces are rapidly on the rise. The process causes interstitial condensation and results in an unpleasant greenhouse effect during summer, due to the reduction of window glasses’ transparency to infra-red rays, enabling the unrestricted flow of the thermal radiation.

The negative effect of thermal bridging can be significantly reduced by coating the float glasses. The objective of glass coating is to influence its transmittance characteristics and help meet the energy-specific requirements, including the low level of thermal dissipation.

Furthermore, glass surfaces are coated for myriad reasons, including safety, convenience, and enhanced stability. Durability and uniformity of the surface coated glass can also be significantly improved by preparing the coating and glass surface by using instruments and tensiometers, thereby resulting in design & quality assurance of this coating process.

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Rapid R&D activities to drive coated glass uses

The coated glass application scope is vast, including graffiti, shatter, heat, and UV protection. In addition, the product consists of a water-repellent feature for use in shower walls, spectacle lenses, and automobile glass. It is also gaining widespread popularity owing to its ease of use and self-cleaning properties.

Reliable reports from the Asian Journal of Chemistry have revealed that the indium tin-coated oxide glass has an efficient response time to the conduction of electricity and can be deposited as thin films. The component has been observed to be widely used in touchscreen devices, electro-chromatic displays, and flat panel TV, among others. A critical analysis has been conducted to prepare different types of tin films on this indium tin-coated oxide glass via electrodeposition and chemical bath deposition (CBD) method. These increasing R&D activities, along with technological advancements, are projected to exhibit a notable growth in the coated glass industry over the coming years.

Robust adoption of glass coating in automobile manufacturing processes

Low-e (low emissivity) coated glass has been developed by major market players to lower the level of UV and infrared rays passing through the glass surface, without compromising on the visible light being transmitted. Moreover, it favorably reduces the utility and maintenance costs, which will add significant impetus to coated glass adoption in the near future.

The construction and automotive industries are expected to account for a large portion of product sales in the coated glass market, which is attributable to accelerating demand for glass coating in automobile manufacturing processes. Furthermore, rapid growth of the construction sector in developing and developed economies will favor product deployment in the foreseeable future.

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Strong focus towards developing sustainable building materials

Studies suggest that researchers are presently focusing on innovative ways to enhance glazing technologies, as building developers seek sustainable materials in response to the global push towards lowering carbon footprint and developing green buildings. According to estimates, glazing technology can reduce the cooling load of the building by up to 20%.

On the other hand, soft-coated glass is adopted in double glazed units as well as single glazed (monolithic) form. Due to these myriad benefits, key players are focusing on developing high-performance soft coated glass and meet changing customer expectations.

For instance, in October 2019, AGC Inc. launched 2 solar control coatings, namely Stopray Ultra-70 on Clearvision & Stopray Titanium 34T. These soft- and magnetron-coated glass products were designed for the objective of meeting the rising aesthetic and energy requirements across the globe.

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