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Coated Glass Market Trends, Top Companies, Share, Growth And Forecast 2033
Coated Glass Market
The Business Research Company presents an extensive market research report on the Coated Glass Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The coated glass market size has grown strongly in recent years. It will grow from $31.8 billion in 2023 to $34.8 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to architectural advancements, automotive industry growth, energy efficiency requirements, consumer demand for uv protection, increased focus on safety.
The coated glass market size is expected to see strong growth in the next few years. It will grow to $48.51 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to rise in consumer awareness, smart glass innovations, green building trends, electronics and display market, advancements in nanotechnology. Major trends in the forecast period include augmented reality (ar) application, integration with iot device, thin-film coating technologies, dynamic light control, anti-reflective coatings.
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Key Market Players:
Major companies operating in the coated glass market report are AGC Inc., Central Glass Co Ltd., Cardinal Glass Industries Inc., China Glass Holdings Limited, Euroglas GmbH, Fuyao Glass Industry Group Co Ltd., Guardian Industries Corporation, Saint-Gobain SA, Schott AG, Sisecam Group, Taiwan Glass Group, Vitro Architectural Glass, Xinyi Glass Holdings Co Ltd., Interfloat Corporation, PPG Industries Ltd., Arkema SA, Nippon Sheet Glass Co Ltd., Vitro Architectural Glass, CSG Holding Co. Ltd., Corning Inc., North Glass Technology Co Ltd., Gold Plus Glass Industry Limited, Asahi India Glass Ltd, Borosil Glass Work Ltd., Safelite AutoGlass, Specialty Glass Products Inc., Ellsworth Adhesives, Hecker Glastechnik GmbH, Shanghai North Glass Technology Industrial Co Ltd., Aremco Products Inc.
Market Drivers:
The rising number of construction activities is expected to propel the growth of the coated glass market going forward. Construction activities refer to the process of determining the stages necessary to create a structure as well as the activities associated with the application of innovative techniques, materials, and technologies in the construction of buildings, infrastructure, and other structures. Coated glass is used in construction activities to deliver long-lasting durability, scratch resistance, and water, dirt, ice, and snow repellence. They also have UV protection, resistance to corrosion, and self-cleaning qualities. For instance, in December 2021, according to the U.S. Census Bureau, the federal government's largest statistical agency, in the US, an estimated 1,595,100 housing units were started in 2021, or a 15.6% increase from the 2020 figure of 1,379,600 in 2020. Further, construction spending increased from $1,768.2 billion in March 2022 to $1,834.7 billion in March 2023, a 3.8 percent increase in construction spending. Therefore, the rise in construction activities is driving the growth of the coated glass market.
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https://www.thebusinessresearchcompany.com/report/coated-glass-global-market-report
The coated glass market covered in this report is segmented -
1) By Coating Type: Online Coatings, Offline Coatings, Dielectric Coatings, Dichroic Coatings, Mirror Silvering
2) By Type: Low E-Glass, Heat Reflective
3) By Function: Safety And Security, Solar Control, Optics, Fire Rated, Other Functions
4) By Application: Automotive, Aerospace And Defense, Optical, Electronics, Architecture, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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