Coated Glass Market Size Worth $31.1 Billion By 2025 | CAGR: 12.1%: Grand View Research, Inc.

September 10 10:12 2019
Coated Glass Market Size Worth $31.1 Billion By 2025 | CAGR: 12.1%: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting
In terms of revenue, Central & South America is expected to register a CAGR of 15.4% over the forecast period, thanks to increasing construction activities in the region

SAN FRANCISCO – September 09, 2019 – According to report published by Grand View Research,”Coated Glass Market Size, Share & Trends Analysis Report By Application (Optical, Architectural, Automotive), By Coating Type (Hard, Soft), By Region, And Segment Forecasts, 2019 – 2025″ 

The global coated glass market size is expected to reach USD 31.1 billion by 2025, registering a CAGR of 12.1% over the forecast period, according to a new report by Grand View Research, Inc. Increasing emphasis on energy-efficient products in architectural and automotive applications is anticipated to augment market growth over the forecast period.

Growth in the building and construction industry, coupled with increasing urgency to minimize energy utilization is anticipated to boost product demand. Low-E glass helps in reducing energy costs and CO2 emissions as it reflects the outside heat in summers and retains heat inside the room in winters. Hence, its usage is increasing in windows and façades.

The soft coating segment held the largest share in 2018, accounting for a volume share of 56.7%. Soft coated glass has higher preference especially in cold regions and is usually employed in double glazed units. In cold regions, heat retention is a priority, hence the coating is applied on outside face of the inner pane as the glass re-radiates heat back in the room. This ability is expected to further boost product consumption over the forecast period.

Demand for coated glass is increasing in the automotive industry in order to address sustainability issues. Coated glazing helps in keeping the cabin cool in summers and warm in winters. Using coated glass on windshields helps control the heat entering the vehicle, which impacts air conditioning usage, thereby leading to less fuel consumption and reduced CO2 emissions.

Asia Pacific was the largest segment in 2018. Key players are increasing their production capacities in developing economies as they find lucrative growth opportunities in the region. For instance, in April 2019, AGC Inc. announced its plans to start operations at its plant in Indonesia, along with the launch of a new float furnace and mass production of new magnetron sputtering coater. The company aims at catering to consumer preference in terms of creativity and helping them abide by energy regulations and green building trends.

North America is another significant region in the coated glass market, where U.S. held a volume share of 77.0% in 2018. Construction spending in the country has increased notably. According to the U.S. Census Bureau, construction spending in the country rose at a CAGR of 8.3% during 2013-2017. This had a positive influence on demand for solar glass in the country. On account of a booming solar market, in November 2018, the NSG group announced its plans to start a new production facility of online transparent conductive oxide coated glass in U.S.

The market is highly competitive in nature. Presence of key players like Saint-Gobain; AGC Inc.; Guardian; and NSG Group increases the competition and restricts new entrants. Acquisition of PPG Industries glass operations by Vitro and Saint-Gobaininvestments in India are among major strategic alliances in the market.

Germany coated glass market size, by coating, 2014 - 2025 (USD Million)

To view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/coated-glass-market

Further key findings from the report suggest:

  • In terms of volume, the automotive segment held a share of 8.8% in 2018, owing to increasing consumption of coated glass in windshields. In terms of revenue, the segment is anticipated to witness a CAGR of 13.2% during the forecast period due to increasing production and emphasis on reduction of CO2 emissions in vehicles

  • In terms of revenue, Central & South America is expected to register a CAGR of 15.4% over the forecast period, thanks to increasing construction activities in the region

  • China held the largest revenue share in the global coated glass market and was valued at USD 2.6 billion in 2018. Increasing number of skyscrapers are anticipated to augment product demand in the country

  • In August 2018, Vitro started production of super-sized energy-efficient glass panels that are coated by the company’s new magnetron sputter coater, at the Wichita Falls plant in Texas, U.S.

To request a sample copy of this report, click the link below:

www.grandviewresearch.com/industry-analysis/coated-glass-market/request/rs1

 

Global coated glass market share, by application, 2018 (%)

 

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Grand View Research has segmented the global coated glass market on the basis of coating type, application, andregion:

Coated Glass Coating Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

  • Hard

  • Soft

Coated Glass Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

  • Architectural

  • Automotive

  • Optical

  • Others

Coated Glass Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

  • Europe

    • Germany

    • U.K.

    • France

    • Russia

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

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About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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