How Has The Coated Glass Market Size Evolved Historically?
The coated glass market has seen considerable growth due to a variety of factors.
•Recent years have seen a steady increase in the size of the coated glass market. Its growth is projected to continue, rising from $34.32 billion in 2024 to $37.17 billion in 2025, marking a compound annual growth rate (CAGR) of 8.3%.
Factors contributing to this growth during the historic period include development in architecture, expansion of the automotive industry, the need for energy efficiency, consumer desire for UV protection, and an emphasized emphasis on safety.
What Will Be The Coated Glass Market Size In The Future?
The coated glass market is expected to maintain its strong growth trajectory in upcoming years.
• In the next few years, significant growth is anticipated in the coated glass market as it is projected to reach $53.55 billion in 2029, expanding at a compound annual growth rate (CAGR) of 9.6%.
This expansion during the predicted period is due to increased consumer awareness, advancements in smart glass technology, the trend towards green construction, the electronics and display market, and advancements in nanotechnology. Key future trends include the application of augmented reality (AR), integration with IoT devices, thin-film coating technologies, dynamic light control, and anti-reflective coatings.
What Are The Primary Growth Drivers In The Coated Glass Market?
The coated glass market is anticipated to experience increased growth due to the escalating number of construction projects. Essentially, construction activities involve establishing the steps needed to erect a building or structure, and implementing innovative techniques, materials, and technologies. Coated glass is prominently utilised within these construction processes due to its durability, scratch resistance, and repellence against water, dirt, ice, and snow. It also provides UV protection, is resistant to corrosion and possesses self-cleaning characteristics. For example, data from the UK's Office for National Statistics in November 2023 showed a significant 15.8% increase in the value of new construction work in Great Britain in 2022, amounting to a record-breaking $173,516 million (£132,989 million). This surge was supported by robust growth within both private and public sectors, contributing $18,387 million (£14,093 million) and $5,307 million (£4,068 million) respectively. Moreover, the third quarter of 2022 witnessed a 5.9% upsurge in the number of Value Added Tax (VAT) and Pay As You Earn (PAYE) registered construction companies in Great Britain, totaling to 374,332, in comparison to the previous year. As a result, this upward trend in construction activities is fuelling the expansion of the coated glass market.
What Is The Segmentation Of The Global Coated Glass Market?
The coated glass market covered in this report 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
Subsegments:
1) By Online Coatings: Low-E Coatings, Solar Control Coatings
2) By Offline Coatings: Decorative Coatings, Functional Coatings
3) By Dielectric Coatings: Multi-Layer Dielectric Coatings
4) By Dichroic Coatings: Reflective Dichroic Coatings, Transmissive Dichroic Coatings
5) By Mirror Silvering: Silver Coatings, Aluminum Coatings
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What Emerging Trends Are Shaping The Coated Glass Market Landscape?
Product innovation is emerging as a significant trend in the coated glass industry. Firms in the coated glass field are employing innovative technologies to maintain their market standing. For example, Guardian Industries, a US firm that manufactures glass, float glass, fabricated glass products, fiberglass insulation, and building materials for automotive, residential, and commercial uses, unveiled two innovative products called SunGuard SNR 35 and SunGuard SNR 50 coated glass in March 2022. Both of these products offer outstanding low solar heat gain, a neutral silver appearance, and top-notch neutral reflection, providing architects with options to use individually or mix for a particular style and turn their designs into reality. SNR 50 offers a balance of medium reflectivity and neutral aesthetic with a 48% visible light transmission and a solar heat gain coefficient of 02.5; conversely, SNR 35 has a sleek, glossy look and a lower solar heat gain ratio of 0.17 for enhanced energy efficiency. SNR 50 and SNR 35 can be used with various substrates, including UltraClear low-iron glass, for a more neutral look. Substrates are obtainable in 6mm, 8mm, and 10mm thicknesses. Additionally, architects can opt for clear float glass in thickness ranges from 6mm to 12mm.
Who Are the Key Players in the Coated Glass Market?
Major companies operating in the coated glass market include:
• 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.
• Aremco Products Inc.
What are the Regional Insights into the Coated Glass Market?
Asia-Pacific was the largest region in the coated glass market in 2024. 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, Africa.
