Coated Glass Market Outlook
According to a new report by Expert Market Research titled, “Global Coated Glass Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global coated glass market grew significantly in 2023. Aided by the evolving demands of energy efficiency and the expanding architectural trends emphasising aesthetic appeal, the market is projected to further grow at a CAGR of 12.5% between 2024 and 2032.
Coated glass, an innovation in the glass industry, refers to glass surfaces treated with a specific compound or polymer to cater to various functional requirements. These coatings can be both reflective and non-reflective. Primarily used in architectural applications, the coated glasses offer enhanced thermal efficiency, controlled light transmission, and UV protection while also ensuring aesthetic charm. Apart from architecture, coated glasses have found essential roles in automotive, electronics, and renewable energy sectors due to their multifunctional properties.
The driving force propelling the global coated glass market growth is the escalating demand for energy-efficient infrastructures. With the surge in global temperatures and the pressing issue of climate change, there’s an increasing emphasis on creating sustainable and energy-efficient buildings. Coated glass, with its ability to regulate indoor temperatures and reduce energy consumption, has emerged as an essential material in green building solutions.
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Complementing the push for energy efficiency is the undying human penchant for aesthetic beauty. The modern architectural landscape, characterised by sprawling skyscrapers with gleaming facades, heavily relies on coated glass to achieve the desired visual appeal while maintaining functional integrity. This symbiosis of form and function accentuates the market’s potential.
Venturing beyond the realms of architecture, the automotive industry’s consistent growth has boosted the coated glass market demand. Advanced vehicles, aiming for optimal fuel efficiency, deploy coated glass to reduce the need for air conditioning, thus conserving energy. Additionally, the safety features of coated glass, including its enhanced strength and reduced glare, make it an ideal choice for modern vehicles.
Diversifying its applications, the electronics industry too has tapped into the benefits of coated glass. Given the surging demand for high-end displays and touchscreens, manufacturers are keenly incorporating coated glass to ensure durability, clarity, and touch sensitivity.
As per the coated glass market analysis, it is the solar energy sector where the future potential of coated glass shines the brightest. As nations shift towards sustainable energy sources, solar panels are becoming ubiquitous. These panels, leveraging coated glass for optimal light absorption and minimal reflection, are pivotal in augmenting the efficiency of photovoltaic cells.
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Coated Glass Market Segmentation
The market can be divided based on function, production process, product, applications, and region.
Market Breakup by Function
- Safety and Security
- Solar Control
- Optics and Lightening
- Fire Rated
- Others
Market Breakup by Production Process
- Hard coat
- Soft coat
Market Breakup by Product
- Low E-Glass
- Heat Reflective
Market Breakup by Applications
- Architectural
- Electronics
- Automotive
- Optical
- Aerospace and Defence
- Sports and Leisure
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global coated glass market. Some of the major players explored in the report by Expert Market Research are as follows:
- AGC Group
- Nippon Sheet Glass Co., Ltd
- Central Glass Co., Ltd.
- Fuyao Glass Industry Group Co., Ltd.
- Guardian Industries
- Others
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