Coated Glass Market Size Forecast to Reach $46.80 Billion by 2025

Coated Glass Marketsize is forecast to reach $46.80 billion by 2025, after growing at a CAGR of 9.12% during 2020-2025. Coatings improve the properties of reflection, transmission & absorption and have scratch & corrosive resistance owing to which coated glass has experienced rising demand from all the manufacturing processes of automobiles. The rising emphasis on increasing the energy efficiency of buildings across the globe is estimated to be the key driver of market growth. Also, coated glass due to its commercial glazing provides superior performance in solar control over transparent or tinted glass products; hence it is expected to drive the growth of the coated glass industry in the forecast period.

By Coating Type – Segment Analysis

Online Coating is extensively used in Coated Glass Market. The primary advantage of hard-coated glass is its toughness, due to which it can also be treated as normal / annealed glass; it can also easily be thermally reinforced, toughened, laminated, or curved. These glasses can be used in windows as single glazing without any fear of losing the coating. Online Coating is also known as Hard Coat or Pyrolytic coating. The pyrolytic coating is used as a protective or decorative coating in parts of machinery, an energy-insulator for window glasses, and an anti-friction agent in molding due to its durability and toughness.

Request for Sample of the Report @https://www.industryarc.com/pdfdownload.php?id=501525

Report Price: $ 4500 (Single User License)

By Product Type – Segment Analysis

Low-E coating is the extensively used product in Coated Glass Market in 2019. Low-E coating is engineered which is used to reduce the amount of ultraviolet and infra-red light that can pass through glass without reducing the amount of visible light transmitted. Low-E glass has a microscopically thin, translucent coating which reflects long-wave infra-red energy or heat. Some Low-e coatings also reflect significant amounts of short-wave solar infra-red power. Also, the temperature is preserved due to the continuous reflection that occurs, as well as the isolating advantages that air space offers, similar to an insulating glass unit. Due to these properties, the growth of Low-E glass coating is estimated to rise in the forecast period.

Function- Segment Analysis

Protection from Ultraviolet rays is the main function owing to which Coated Glass is widely used in the Market. Ultraviolet light (UV) is invisible to human eyes by electromagnetic radiation which due to over-exposure to UV radiation can cause skin cancer, eye damage and immune system suppression. Increasing the use of coated Glass helps minimize the amount of dangerous ultraviolet radiation that passes through. To protect consumers, this is useful for eyeglasses and car screens. A coating can also be used in the photography and videography to avoid unnecessary exposure of film or digital sensors. Certain properties such as scratch-resistance, anti-fogging, and reduction of glare can be impacted by the coating process. Also, UV cured coatings are often more environmentally friendly, non-toxic, usable alternatives than other materials and they depend less on harmful solvents.

End Use – Segment Analysis

Architecture Industry held the largest share in the Coated Glass Market in 2019 and is projected to grow at a CAGR of 8.65% during the forecast period 2020-2025. Coated glass is a glass that is coated with various metallic compounds that only permit specific portions of solar radiation to enter a building. Factors including rapid urbanization, demand for affordable housing, population growth, and service sector development such as IT & ITES drive the coated glass industry. Coated Glass adds many specific properties such as mechanical & chemical stress, improved scratch resistance, and shatter safety is the most effective, convenient, and cost-efficient alternative to the products. In Addition, the driven growth demand for decorative glass with digital prints and the adoption of green building techniques and energy-efficient technologies is anticipated to boost the growth of the market over the forecast period. Also, coated glass rejects UVA and UVB rays & Infra-red rays owing to which it is highly preferred in the architecture industry. Moreover, factors such as lockdown initiated by government bodies due to recent COVID-19 virus outbreak are not rendering projects completely impossible to complete at this point. But it is slowing them down, causing delay and chaos. Many ventures have also stopped, usually with the goal of resuming work later.

Geography- Segment Analysis

Asia Pacific held the largest share with 52.65% in Coated Glass Market in 2019, due to the increasing residential and non-residential construction industry. Increasing the use of coated glass in the construction of green buildings due to less use of water, optimized energy efficiency, conserve natural resources, and produce a considerably less amount of waste is estimated to drive the market in the forecast period. China is the world’s leading construction market. According to the International Trade Administration, the construction industry in China is expected to expand at an annual average of 5% in real terms between 2019 and 2023. Rising urbanization, as well as national stability and environmental goals, has helped China broaden its commitments to resource conservation and reduce greenhouse gas emissions through green construction. The Green Building Action Plan in China also provides a reconstruction of some 400 million square meters of existing urban housing in northern China, and 400,000 rural dwellings will experience major thermal rehabilitation work. In, addition with about 75% of global digital talent present in the region, India has become the world’s digital capabilities center. According to the India Brand Equity Foundation, the IT-BPM sector in India stood at US$ 177 billion in 2019, with a rise of 6.1 per cent year-on-year, and the size of the industry is expected to grow to US$ 350 billion by 2025.

Drivers – Coated Glass Market

Increasing use of coated glass in automotive

Coated glass has glassy properties and glass-ceramic. Consequently, they reduce the degree of corrosion and wear resistance to scratching or tarnishing, and other oxidation processes on surfaces. Windshields often use high-tech coated glass to enhance thermal comfort inside the cars. Windshields protect the occupants of the vehicle from wind and airborne objects such as dust, insects, and rocks and provide an aerodynamically shaped front-facing window. UV coating can be used to filter out harmful UV radiation. Today windshield is considered a safety device just like seatbelts and airbags and is extensively used in the automotive industry.

Increasing use of coated glass in optical

Anti-Reflective coating glass is used in binocular glasses for reduced reflection capability and to reduce eye strain. It is particularly useful for telescopes which improve contrast and other applications which include camera and correction lenses.AR coating glass is especially effective when applied to high-index lenses, reflecting more light than normal plastic lenses.AR coating improves the visibility and comfort of these luxury lenses without reducing their sun-reactive efficiency in all light conditions. Also, anti-reflective coating glass is a smart idea for sunglasses, because when the sun is behind you, it removes glare from sunlight reflected in your eyes from the back surface of tinted lenses. Due to these properties, the coated glass market is estimated to rise in the forecast era.

Talk to one of our sales representative about the full report by providing your details in the link below:

https://www.industryarc.com/support.php?id=501525

Challenges – Coated Glass Market

Health Hazards from the metallic coating

The Metallic coating is used during the production of coated glass. Metallic Coatings carry health and safety risks for the industrial workers who come in contact with them. Workers are at risk of inhaling these harmful pollutants when surface preparation or additional applications are needed for a coating. Inhaling VOCs and HAPs can lead to health problems such as headaches, dizziness, nausea, and irritation of the eyes or skin. According to the Environmental Protection Agency, hazardous air pollutants are released into the atmosphere at the rate of millions of pounds per year which are suspected to cause cancer and other serious health problems.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Coated Glass Market. Major players in the Coated Glass Market are AGC Solar, Borosil Glass Work Ltd, Corning Inc, Guardian Industry, Hecker Glastechnik Gmbh, Interfloat Corporation, Nippon Sheet Glass Co., Ltd, Saint Gobain, Sisecam Flat Glass, Xinyi Solar Holding among others.

Acquisitions/Technology Launches

In March 2018, Nippon Sheet Glass Co., Ltd produced the world’s thinnest glass with transparent electro-conductive coating manufactured with online chemical vapor deposition (CVD) due to increased demand for the glass with a transparent electro-conductive coating that is thinner and lighter while being durable and resistant to chemicals.

Key Takeaways

APAC dominates the Coated Glass Market due to the increasing construction of residential and non-residential buildings owing to superior solar and thermal radiation control performance in the coated glass.

Use of Coated Glass provides glass products with long-lasting protection and repellence against water, dirt, or snow while at the same time providing them with an attractive appearance is expected to boost the demand of Coated Glass Market in the predicted period.

Metallic coatings used in coated glass produce hazardous chemical vapor, fume, and mist that have negative health effects if inhaled by workers. Hence, this can create hurdles for the Coated Glass Market in the forecast period.

Manufacturing and Construction Industry is being significantly affected due to the COVID-19 pandemic as they depend on workers whose jobs cannot be carried out remotely. In the current situation, this factor restricts the growth of the coated glass market.

Related Reports:

A. Low-e Glass and Coating Market

https://www.industryarc.com/Research/Low-e-Glass-And-Coatings-Market-Research-503083

B. Advanced Glass Market

https://www.industryarc.com/Report/15105/advanced-glass-market.html

About IndustryARC :IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail tosales@industryarc.comto discuss more about our consulting services.

Tags: Coated Glass Market, Coated Glass Market industry, Coated Glass Market industry outlook, Coated Glass Market Report, Coated Glass Market Share, Coated Glass Market Size, Coated Glass top 10 companies