Coated Glass: Core Growth Enabler in the Coated Glass Market Driven By Surge In Construction Activities Market, 2025

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What Will the Coated Glass Industry Market Size Be by 2025?
In the past few years, the market size for coated glass has experienced a significant surge. The projection predicts that it will expand from $34.32 billion in 2024 to $36.74 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%. The notable growth during the historic period can be linked to the progress in architecture, the rise of the automotive industry, the need for energy efficiency, the consumer's desire for UV protection, and an augmented emphasis on safety.

What's the Long-Term Growth Forecast for the Coated Glass Market Size Through 2029?
The market size of coated glass is anticipated to witness robust growth in the coming years and is predicted to reach $52.18 billion by 2029, with a compound annual growth rate of 9.2%. This growth during the projected period can be credited to an increase in consumer awareness, advancements in smart glass technology, a surge in green building trends, the electronics and display market, and developments in nanotechnology. Some major trends expected during the forecast period include the application of augmented reality (AR), integration with IoT devices, advancements in thin-film coating technologies, dynamic light control, and anti-reflective coatings.

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What Are the Key Growth Drivers Fueling the Coated Glass Market Expansion?
The coated glass market's expansion is predicted to be boosted by the escalating number of construction projects. These activities pertain to the determination of necessary steps for ing a framework and implementing breakthrough techniques, materials, and technologies in the creation of buildings, infrastructure, and other edifices. Offering enduring robustness, scratch resilience, and repulsion of water, dirt, ice, and snow, coated glass is an established part of these activities. They also provide UV protection, resistance to corrosion, and self-cleaning features. As noted by the Office for National Statistics, a UK governmental agency, the value of fresh construction projects, counting in current prices, in Great Britain, escalated by 15.8% in 2022, breaking records at $173,516 million (£132,989 million). This increase was powered by growth in both private and public sectors, contributing $18,387 million (£14,093 million) and $5,307 million (£4,068 million) respectively. In the third quarter of 2022 (from July to September), 374,332 Value Added Tax (VAT) and Pay As You Earn (PAYE) registered construction businesses were observed functioning across the construction industry in Great Britain. This number is a 5.9% increase compared to 2021. Hence, the surge in construction activities is propelling the expansion of the coated glass market.

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What Trends Will Shape the Coated Glass Market Through 2029 and Beyond?
In the coated glass market, the increasing prominence of product innovation is a significant trend. Companies in this market are embracing new technologies to maintain their competitive edge. For example, Guardian Industries, a US-based company that manufactures glass, float glass, fabricated glass products, fiberglass insulation, and building materials for different applications like commercial, residential, and automotive, introduced two new products - SunGuard SNR 35 and SunGuard SNR 50 coated glass -in March 2022. Both products offer excellent low solar heat gain, a neutral silver appearance, and impressive neutral reflection, providing architects with variants they can use individually or in amalgamation to develop a unique style and bring their designs to life. SNR 50, with a visible light transmission of 48% and a solar heat gain coefficient of 0.25, offers a blend of medium reflectivity and neutral aesthetic, while SNR 35 presents a neat, glossy look and a lower solar heat gain coefficient of 0.17, leading to higher energy savings. Both SNR 50 and SNR 35 can be paired with a variety of substrates, such as UltraClear low-iron glass, for a more neutral look. These substrates come in 6mm, 8mm, and 10mm thicknesses. Architects also have the option of choosing clear float glass in thicknesses from 6mm to 12mm.

How Is the Coated Glass Market Segmented?
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

Subsegments:
1) By Online Coatings: Low-E Coatings, Solar Control Coatings
2) By Offline Coatings: Decorative Coatings, Functional Coatings
3) By Dielectric Coatings: Multi-Layer Dielectric Coatings
4) By Dichroic Coatings: Reflective Dichroic Coatings, Transmissive Dichroic Coatings
5) By Mirror Silvering: Silver Coatings, Aluminum Coatings

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Which Companies Are Leading the Charge in Coated Glass Market Innovation?
Major companies operating in the coated glass market include 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.

Which Regions Are Leading the Global Coated Glass Market in Revenue?
Asia-Pacific was the largest region in the coated glass market in 2024. 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.

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