Coated Glass Market Insights, Growth, Demand 2024-2033: Analysis Report

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Coated Glass Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $48.51 billion In 2028 At A CAGR Of 8.7%.

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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Coated Glass Market Major Segments
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

Key Driver - Coated Glass Market Driven By Surge In Construction Activities

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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Prominent Trend - Coated Glass Market Driven By Emphasis On Product Innovation

Product innovation is the key trend gaining popularity in the coated glass market. Companies operating in the coated glass market are adopting new technologies to sustain their position in the market. For instance, in March 2022, Guardian Industries, a US-based manufacturer of glass, float glass, fabricated glass products, fiberglass insulation, and building materials for commercial, residential, and automotive applications, launched two new products called SunGuard SNR 35 and SunGuard SNR 50 coated glass. SunGuard SNR 50 and SunGuard SNR 35 coated glass both offer exceptional low solar heat gain, a neutral silver look, and superb neutral reflection, giving architects alternatives to employ singly or in combination to establish a specific style and bring their plans to life. With a 48% visible light transmission and a solar heat gain coefficient of 02.5, SNR 50 provides a balance of medium reflectivity and neutral aesthetic; SNR 35 has a clean, shiny appearance and a lower solar heat gain coefficient of 0.17 for an even greater energy savings. SNR 50 and SNR 35 can be combined with a wide range of substrates, including UltraClear low-iron glass, for a more neutral appearance. All substrates are available in thicknesses of 6mm, 8mm, and 10mm. Architects can also select clear float glass in thicknesses ranging from 6mm to 12mm.

Coated Glass 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.

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the coated glass market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the coated glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Coated Glass Market Report Structure
3. Coated Glass Market Trends And Strategies
4. Coated Glass Market - Macro Economic Scenario
5. Coated Glass Market Size And Growth
…..
27. Coated Glass Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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