|Market Size in 2022||Market Forecast in 2030||CAGR (in %)||Base Year|
|USD 36.22 million||USD 72.30 million||9.6%||2022|
Coated Glass Market
The global coated glass market size was evaluated at $36.22 billion in 2022 and is slated to hit $72.30 billion by the end of 2030 with a CAGR of nearly 9.6% between 2023 and 2030.
A coating is a kind of covering that is applied on the object’s surface. Moreover, the aim of applying a coating to the glass can either be functional, decorative, or even both. In the coating of glass, the coating is merged into the surface of glass at rising temperatures, thereby making it durable along with enhancing its stiffness. In addition to this, glass coating helps save energy along with minimizing carbon emissions. Apart from this, coated glass offers longevity, scratch resistance, and resistance against dirt, snow repellence, water, and ice. It also imparts protection against sun rays, and rust resistance, and possesses self-cleaning features.
Growing demand for renewable energy sources to prop up the global market demand
The escalating need for clean energy sources due to the large-scale use of solar panels in construction activities will embellish the global coated glass market growth. Apart from this, massive demand for affordable households, thriving IT & ITES sector, rapid industrialization, and construction of green buildings will steer the global market trends. Furthermore, rising construction activities and strict implementation of building codes will elevate the market space over the forecast timeline. Additionally, coated window glass will contribute notably towards the power savings of the buildings.
In addition to this, the glass coated with metal oxide has demonstrated outstanding sun ray control along with enabling energy conservation. Moreover, windows manufactured with the help of coated glass will help in optimum transmission of visible light and reflect infrared rays of the sun, thereby minimizing heating & air conditioning prices of the edifice. All these aforementioned factors will drive the market growth over the forecast timespan. Product innovations are likely to facilitate the expansion of the global market in the coming years. For instance, in July 2023, HeatCure, a key player in the heat reflective & proofing glass coating blocks manufacturing business, launched its operations of producing nanotechnology-based coatings in India Such moves will steer the global market expansion in APAC.
Massive production costs can restrict the expansion of global industry surge over the forecast timeline
Huge costs of manufacturing the product can restrict the expansion of the coated glass industry globally. In addition to this, a surge in the competition among the players and the entry of new players in the coating glass-producing business is likely to further retard the growth of the industry across the globe.
An increase in product penetration in construction activities will generate new opportunities for growth for the global market
A surge in the use of products in the building & construction sector will open new growth avenues for the global coated glass market. Escalating demand for solar panels owing to renewable energy trends will translate into massive preference and use of coated glass in the production of solar panels, thereby driving the expansion of the global market.
Less access to raw materials can prove detrimental to the expansion of the global industry
The lack of availability of raw components can prove a big challenge for the expansion of the global coated glass industry in the upcoming years. Fluctuations in government policies can further impact the sales of the product in the near future, thereby proving a deterrent for global industry growth.
The global coated glass market is sectored into function, production process, product, application, and region.
In product terms, the global coated glass market is segregated into heat-reflective and low-E glass segments. Furthermore, the heat reflective segment, which acquired approximately 56% of the global market revenue in 2022, is anticipated to register the fastest growth rate in the next few years. The growth of the segment during the assessment timeline can be attributed to the massive use of heat-reflective coated glass in automotive and buildings & construction sectors.
Based on the application, the global coated glass industry is sectored into electronics, architectural, optical, automotive, sports & leisure, and aerospace & defense segments. Moreover, the architectural segment, which accumulated the largest share of the global industry in 2022, is predicted to dominate the segmental landscape in the next couple of years. The expansion of the segment in the ensuing years can be subject to massive use of the product in various architectures owing to the ability of coated glass in low energy utility, thereby reducing the energy bills related to electronic equipment such as fans, air conditioners, and coolers.
Based on the function, the coated glass market globally is bifurcated into solar control, optics & lighting, safety & security, fire rated, and others segments.
Based on the production process, the coated glass market across the globe is divided into magnetron sputter vacuum deposition/soft coat and pyrolytic/hard coat segments.
|Report Attributes||Report Details|
|Report Name||Coated Glass Market|
|Market Size in 2022||USD 36.22 Billion|
|Market Forecast in 2030||USD 72.30 Billion|
|Growth Rate||CAGR of 9.6%|
|Number of Pages||207|
|Key Companies Covered||Xinyi Solar Holdings Ltd., Hecker Glastechnik GmbH & Co.KG, Borosil Glass Works Ltd, Saint Gobain, Sisecam Flat Glass, Nippon Sheet Glass Company Ltd., AGC Solar, Guardian Industries, and others.|
|Segments Covered||By Function, By Application, By Production Process, By Product, and By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)|
|Historical Year||2017 to 2021|
|Forecast Year||2023 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
Asia-Pacific is predicted to maintain its dominant position in the global coated glass market over the prognosis timespan
Asia-Pacific, which amassed approximately 47% of the global coated glass market revenue share in 2022, is predicted to dominate the regional space in the ensuing years. Additionally, the regional market expansion over the upcoming years can be attributed to surging environmental concerns and awareness about power conservation in countries such as South Korea, Taiwan, Japan, China, and Singapore. Moreover, the Industry 4.0 revolution and the use of automated guided vehicles will further drive regional market trends.
The European coated glass industry is set to register the fastest CAGR in the upcoming years subject to a rise in the use of HVAC systems in the countries of Europe. Apart from this, a rise in the focus on green constructions and massive use of Low-E coated solar control glass in energy-efficient structures to reduce heat emissions will spearhead the industry surge in the continent.
The global coated glass market profiles key players such as:
By Production Process
A coating is a kind of covering that is applied on the object’s surface. Moreover, the aim of applying a coating to the glass can either be functional decorative, or even both.
The global coated glass market growth over the forecast period can be owing to the glass coated with metal oxide exhibiting outstanding sun ray control along with enabling energy conservation.
According to a study, the global coated glass industry size was $36.22 billion in 2022 and is projected to reach $72.30 billion by the end of 2030.
The global coated glass market is anticipated to record a CAGR of nearly 9.6% from 2023 to 2030.
The European coated glass industry is set to register the fastest CAGR over the forecasting timeline subject to a rise in the use of HVAC systems in the countries of Europe. Apart from this, a rise in the focus on green constructions and massive use of Low-E coated solar control glass in energy-efficient structures to reduce heat emissions will spearhead the industry surge in the continent.
The global coated glass market is led by players such as Xinyi Solar Holdings Ltd., Hecker Glastechnik GmbH & Co.KG, Borosil Glass Works Ltd, Saint Gobain, Sisecam Flat Glass, Nippon Sheet Glass Company Ltd., AGC Solar, and Guardian Industries.
The coated glass market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.