The Coated Glass Market is mainly driven by the growth of the building and construction sector and the rising emphasis on green buildings across the globe. The global Coated Glass market size is expected to be worth around US$ 57.2 billion by 2027, according to a new report by Vision Research Reports.
The global Coated Glass market size was valued at US$ 29.1 billion in 2019 and is anticipated to grow at a CAGR of 8.7% during forecast period 2020 to 2027.
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According to the Glass Association of North America, glass is coated in order to meet specific requirements such as improvement in visibility, improvement in solar and thermal performance, and to change surface characteristics without altering the composition. The product offers enhanced energy efficiency in comparison to the usual glass. It helps in improving insulation, solar control, anti-reflection, and hydrophobic properties. The product is used for both functional and decorative purposes.
The soft coated glass segment dominated the market in 2019. The product is characterized by more visible light transmission and higher optical clarity as compared to hard coated products. These aforementioned properties play a key role in the dominant share held by this segment in terms of volume in the global market.
In terms of application, the architecture segment dominated the market in 2019. The product is used in commercial as well as residential buildings to keep the indoors cool in a hot climate by reflecting the outside heat while allowing maximum transmission of visible light. Furthermore, the product is used in colder climates to keep the inside of a building warm by re-radiating the heat coming from inside.
The soft coating segment is expected to register the highest CAGR of 9.2% in terms of revenue from 2020 to 2027. Soft coated glass transmits 70.0% less UV radiation when compared with standard glazing. In colder regions, wherein the retention of heat is a priority, sputtered coating is typically applied on the outside face of the inner pane glass as it allows the glass to re-radiate the heat back into the room.
The architectural application segment dominated the market with a share of 92.4% in terms of volume in 2019. Increasing awareness regarding energy efficiency, global warming, rising construction of green buildings, and technological developments in coated glass are the key factors that are expected to drive the segment growth over the coming years.
Asia Pacific is estimated to witness the highest CAGR of 7.01% in terms of volume from 2020 to 2027. This can be attributed to high economic growth and rising disposable income, and the subsequent development of the region’s building and construction industry.
North America held a sizeable share of the market in 2019. Non-residential buildings in the U.S. are increasingly installing coated glass for windows and facades. According to the U.S. Census Bureau, the non-residential construction spending grew at a significant CAGR of 10.2% from 2013 to 2018. This upward trend is likely to continue over the coming years which is estimated to drive the demand for coated glass in the near future.
AGC Inc.; Nippon Sheet Glass Co., Ltd; and Vitro, Saint-Gobain
Coated Glass Coating Outlook
Coated Glass Application Outlook
Coated Glass Regional Outlook
- North America
- Asia Pacific
- Central & South America
- Middle East & Africa
In this study, the years considered to estimate the market size of Coated Glass are as follows:
- Historic Year: 2016-2019
- Base Year: 2020
- Forecast Year 2020 to 2027
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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