Coated Glass Market Analysis Report By Application, By Coating, By Region And Segment Forecasts From 2020 To 2027

Industry Insights

The coated glass market size across the globe was accounted for USD 29.2 billion in 2019. It is expected to witness growth with an 8.8% CAGR over the forecasted years, 2020 to 2027. This growth can be attributed to rising awareness about the construction of energy-efficient green buildings in urban areas.

The windows made by these coated glasses help in energy saving by restricting the flow of U.V. rays. They are coated with a metal oxide or metallic coating for producing good solar control performance thereby boosting the energy efficiency of buildings. Thus, the surging infrastructure and construction industry across the globe is expected to drive market growth for coated glass in upcoming years.

These glasses are widely used in producing windows, partitions, and facades owing to their feature of allowing high light transmission along with the reflection of infrared energy of the sun. This helps in maintaining room temperature and reducing the air conditioning needed across the buildings.

The construction industry is expected to upsurge across the western U.S., which is anticipated to drive the demand for coated glass. Many companies are shifting their offices in metro areas across Colorado due to the increasing population and fast economic growth. This rapid urbanization is expected to drive the demand for coated glass in upcoming years.

Coating Insights

The soft coating segment is anticipated to witness the fastest growth with a 9.3% CAGR during the forecasted period. This can be associated with its feature reducing the transmission of U.V. radiation by 70% as compared to standard glazing. Sputtered coating is majorly used in regions having colder climates on account of their feature to re-radiating the heat.

A hard type of coating requires low production cost as compared to a soft coating. In its manufacturing process, a hard or pyrolytic coating is done on the glass which is being produced on the float line. This process is exactly opposite to the soft coating process where the application of a coating is done away from the float line.

Application Insights

In 2019, the architectural segment of application held the largest market share around 92.5% across the global market. This growth can be attributed to surging awareness about global warming, energy efficiency, increasing green building construction coupled with rapid developments in manufacturing processes of coated glasses.

The automotive segment constituted the second-largest share in 2019. This can be associated with initiatives being undertaken by governing bodies for the usage of such glasses in the manufacturing of automobiles. For example, the CARB (California Air Resources Board) had unanimously voted for the usage of low e-coated glass for all automotive manufacturers.

Regional Insights

Asia Pacific is anticipated to register the fastest growth with 7.0% CAGR during forecasted years, 2020 to 2027. This growth can be associated with rapid economic growth, increasing disposable income, and development across the construction and infrastructure industry.

Developing economies like China and India are expected to register significant growth in the upcoming years. For example, in 2018, 3rd position has been acquired by India in ranking made by USGBC (U.S. Green Building Council) in the LEED (Leadership in Energy & Environmental Design) as stated by IBEF (India Brand Equity Foundation). The rising trend for constructing green buildings and rapid progress being made in the real estate sector across India is anticipated to boost demand for coated glass in upcoming years.

In 2019, North America also accounted for a significant share across the global coated glass market. This growth can be attributed to the rising number of commercial buildings and complexes which are installing coated glass across facades and windows. As stated by the U.S. Census Bureau, spending on non-residential construction activities splurged at 10.1% CAGR during years, 2013 to 2018.

In 2019, Europe held the second-largest share across the global market. Further, a shifting trend towards green construction is projected to drive the demand for coated glass across this region. As stated by the European Council, in 2016, green buildings held a 28.0% share across Europe which drove the demand for coated glass across countries like Poland and Germany.

COVID-19 Impact Insights

The outbreak of the COVID-19 virus has negatively impacted the coated glass market. Lockdown imposition and travel restrictions have majorly affected the infrastructure development and construction industry. Further, external factors such as hindrance in the supply chain due to limitations in the goods and cargo movement, lack in availability of laborers, and fluctuating raw material prices have stagnated the demand for coated glass. Also, economic instability across the automobile sector owing to reduced demand has adversely affected the market growth. But, increasing awareness about benefits associated with coated glass such as anti-reflectiveness, self-cleaning, energy conservation of the buildings are projected to trigger its market growth over the post-pandemic period.

Coated Glass Market Share Insights

This market includes key players like Vitro; CEVITAL GROUP; Nippon Sheet Glass Co., Ltd; AGC Inc.; Saint-Gobain S.A.; SCHOTT AG and Euro glass. They are engaged in widening their product portfolio, and innovation. Other external factors contributing to their growth are a huge client base, larger experience, and a good financial base.

Extensive R&D for product development is also being carried out by these players. For example, Ubiquitous Energy and AGC, Inc. signed a strategic agreement for the development of neutral and transparent solar coating to launch electricity-producing windows where AGC, Inc. would provide eco-friendly glass solutions. Further, in 2018, Guardian Glass opened up a manufacturing plant in Poland to cater to the demand across Europe.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends from 2016 to 2027 in each of the sub-segments. For this study, Million Insights has segmented the global coated glass market report based on coating, application, and region:

• Coating Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
    • Hard
    • Soft

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
    • Architectural
    • Automotive
    • Optical
    • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
        • France
        • Russia
    • the Asia Pacific
        • China
        • India
        • Japan
    • Central & South America
        • Brazil
    • Middle East & Africa