Coated glass refers to the glass' surface having been covered in one or more layers of metal, metal oxide, or other materials, or metal ions having moved over it. They are used for long-lasting, robust defense, scratch resistance, and resistance to water, dirt, ice, and snow. Additionally, they offer self-cleaning, corrosion resistance, and solar protection.
The main coated glass coating types are online coatings, offline coatings, dielectric coatings, dichroic coatings, and mirror silvering. Online coatings refer to the float glass production process of misting a Sn chemical solution or powder over the surface of the hot glass to create a single-layer composite coating of greyish grey. The coated glass types are low e-glass and heat reflective that offers various functions such as safety and security, solar control, optics, fire rated, and others. The various applications are automotive, aerospace and defense, optical, electronics, architecture, and others.
The global coated glass market 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
The global coated glass market size is expected to grow from $28.99 billion in 2022 to $31.80 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of coated glass market is expected to reach $44.44 billion in 2027 at a CAGR of 8.7%.
The rising number of construction activities is expected to propel the growth of the coated glass market going forward. Construction activities refer to the process of determining the stages necessary to create a structure as well as the activities associated with the application of innovative techniques, materials, and technologies in the construction of buildings, infrastructure, and other structures. Coated glass is used in construction activities to deliver long-lasting durability, scratch resistance, and water, dirt, ice, and snow repellence. They also have UV protection, resistance to corrosion, and self-cleaning qualities. For instance, in December 2021, according to the U.S. Census Bureau, the federal government's largest statistical agency, in the US, an estimated 1,595,100 housing units were started in 2021, or a 15.6% increase from the 2020 figure of 1,379,600 in 2020. Further, construction spending increased from $1,768.2 billion in March 2022 to $1,834.7 billion in March 2023, a 3.8 percent increase in construction spending. Therefore, the rise in construction activities is driving the growth of the coated glass market.
Major players in the coated glass market are 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., and Aremco Products Inc.
Product innovation is the key trend gaining popularity in the coated glass market. Companies operating in the coated glass market are adopting new technologies to sustain their position in the market. For instance, in March 2022, Guardian Industries, a US-based manufacturer of glass, float glass, fabricated glass products, fiberglass insulation, and building materials for commercial, residential, and automotive applications, launched two new products called SunGuard SNR 35 and SunGuard SNR 50 coated glass. SunGuard SNR 50 and SunGuard SNR 35 coated glass both offer exceptional low solar heat gain, a neutral silver look, and superb neutral reflection, giving architects alternatives to employ singly or in combination to establish a specific style and bring their plans to life. With a 48% visible light transmission and a solar heat gain coefficient of 02.5, SNR 50 provides a balance of medium reflectivity and neutral aesthetic; SNR 35 has a clean, shiny appearance and a lower solar heat gain coefficient of 0.17 for an even greater energy savings. SNR 50 and SNR 35 can be combined with a wide range of substrates, including UltraClear low-iron glass, for a more neutral appearance. All substrates are available in thicknesses of 6mm, 8mm, and 10mm. Architects can also select clear float glass in thicknesses ranging from 6mm to 12mm.
In March 2023, LX International Corporation, a South Korea-based commodity trading and mining company, acquired Hankuk Glass Industries Inc. for an undisclosed amount. Through this acquisition, LX International has established another reliable earnings foundation. LX International intended to diversify its company by accelerating its foray into other material industries. Hankuk Glass Industries Inc. is a South Korean-based glass manufacturing company, that mainly produces and sells glass plates, coated glass, and glazed glass that are mostly used for windows in buildings and houses.
Asia-Pacific was the largest region in the coated glass market in 2022. 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 and Africa.
The countries covered in the coated glass market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The coated glass market consists of sales of self-coating glass, insulation glass coatings, and building glass coatings. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The coated glass market research report is one of a series of new reports from The Business Research Company that provides coated glass market statistics, including coated glass industry global market size, regional shares, competitors with a coated glass market share, detailed coated glass market segments, market trends and opportunities, and any further data you may need to thrive in the coated glass industry. This coated glass market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.