Coated Glass Market size 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.

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.

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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

Increasing use of coated glass in optical

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.

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