Global Coated Glass market will register a CAGR of over 12.7% during the period from 2020 to 2026.
The global Coated Glass market will register a CAGR of over 12.7% during the period from 2020 to 2026. The report offers assessment and analysis of the Coated Glass market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
Details of the Report:
Introduction
A coating is a kind of covering that is applied on the object’s surface. Moreover, the aim of applying coating to the glass can either be functional or decorative or even both. In coating of glass, coating is merged into surface of glass at rising temperatures, thereby making it durable along with enhancing its stiffness. In addition to this, glass coating helps in saving 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, rust resistance, and possesses self-cleaning features.
Market Growth Drivers
Escalating need for clean energy source due to large-scale use of solar panels in construction activities will embellish the market growth. Apart from this, massive demand for affordable households, thriving IT & ITES sector, rapid industrialization, and construction of green buildings will steer the industry trends.
Furthermore, rising construction activities and strict implementation of building codes will elevate the business growth over the forecast timeline. Additionally, coated window glass will contribute notably towards the power savings of the buildings. Apparently, the glass coated with metal oxide will demonstrate outstanding sun ray control and increase 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.
Europe To Account Noticeably Towards Overall Market Revenue By 2026
The growth of the industry in the European continent over the forecast timeline is owing to rise in the green constructions, offices, hospitals, and institutions in the countries like France, Russia, UK, Germany, and Poland.
Key players profiled in the report include are 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.
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FrequentlyAsked Questions
The key growth drivers that will leverage the market growth include escalating need for clean energy source due to large-scale use of solar panels in construction activities.
The CAGR of the industry is expected to be nearly approximately 12.7% during the forecast timeline.
Europe will contribute remarkably towards the global market share over the estimated timeline.
The key market players include Sisecam Flat Glass, Nippon Sheet Glass Company Ltd., AGC Solar, Xinyi Solar Holdings Ltd., Hecker Glastechnik GmbH & Co.KG, Borosil Glass Works Ltd, Saint Gobain, and Guardian Industries.
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