Coated Glass Market to Double its Valuation by 2029
Coated glass improves energy efficiency of infrastructure. Increasingly stringent construction regulations across the globe warrant an increase in energy efficiency of buildings.
Surging emphasis on reducing carbon emissions from corporate, as well as, industrial plants is impelling demand for coated glass in commercial applications.
Reflection properties such as solar control, helps in reducing excessive heat and promotes decreased consumption of electricity by cooling systems.
The coated glass market is set to project a growth trajectory of more than 8% CAGR during the forecast period (2019 – 2029).
Architectural Applications Accelerate Profitability
Architectural applications of coated glass currently make up 90% of the global coated glass sales.
Growth of this segment is promising throughout the projection period considering the significant value addition of coated glass in energy efficient architecture. Double digit growth rates can be witnessed in automotive, and optical applications.
Rising global temperature has made coated glass an industry standard in automotive. Owners of commercial, as well as, personal vehicles opt for coated glass windows, on the back of, surging need for sun blocking while driving.
Similarly, omnipresent need for sun blocking in optical lenses bolster demand from optic end-use. During the projection period, the optical and automotive coatings segment will grow at 16% and 10% CAGR respectively.
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APAC to Emerge as a Highly Lucrative Region on Back of Heavy Investments in Energy-efficient Infrastructure
APAC (East Asia and Southeast Asia & Oceania) will remain firmly in the lead with more than 40% share of the total market value.
Developing economies such as India, Indonesia are investing heavily in construction of energy efficient infrastructure.
Coated glasses are an ideal alternative to the traditional tint glasses, as the former only allows short wave light to pass through, while the latter only reduces the amount of heat and light transfer.
Middle east & Africa offer the most lucrative opportunities with a stellar CAGR of over 11% from 2019 to 2029.
GCC countries such as Saudi Arabia, Oman, and Kuwait face extremely high temperatures every year.
Hence, the development of new and renovation of old infrastructure will drive the demand for sun reflective coated glass throughout the forecast period.
Advanced Manufacturing Technologies Shape Competitive Landscape
Industry 4.0 technologies such as cobots and automated guided vehicles are reducing production costs associated with coated glass manufacturing.
Deployment of advanced, integrated, and augmented working systems enable manufacturers to conduct real time interaction with international customers and cater to emerging made-to-order manufacturing trends.
Market players are focused on developing robust positions in emerging markets via strategic partnerships, capacity expansion, and advancements in material science.
Market players are innovating products for niche customer segments to tap into potential revenue sources.
For instance, hydrophilic glasses clean and prevent fog collection, whereas, icephobic glass prevent snow collection on surfaces.
Noteworthy coated glass companies are, but not limited to,
- AGC Inc.
- Central Glass Co. Ltd.
- CEVITAL GROUP
- China Glass Holding Ltd.
- Fuyao Glass Industry Group Co.Ltd.
- Guardian Industries
- Nippon Sheet Glass Co.Ltd
- Saint-Gobain S.A.
- SCHOTT AG
- Sisecam Group
- Taiwan Glass Ind. Corp.
- Vitro S.A.B. DE C.V.
- Xinyi Glass Holdings Co. Ltd.
- Cardinal Glass Industries.
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Global Coated Glass Market: In-Depth Assessment on Key Segments
The global coated glass market is segmented on the basis of coating, application and region.
This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.
Country-specific assessment on demand for coated glass has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous coated glass manufacturers, experts, and suppliers.
Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.
The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries.
The market has been forecasted based on constant currency rates.
Global Coated Glass Market – Scope Of The Report
The following report provides forecast and analysis of the global coated glass market along with the historical data of 2014, estimated data 2019 and forecast data up to 2029 in terms of value (US$ Mn) and volume (Kilo Tons), according to a Fact.MR study.
The research propounds critical trends that are currently influencing growth within the global coated glass market along with several macro-economic indicators.
This newly published and insightful report on coated glass sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global coated glass market.
The report also comprises the study of current issues with end users and opportunities for coated glass. It also contains value chain analysis, including the key market participants.
To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews.
The dashboard included in the report provides a detailed comparison of coated glass manufacturers on parameters such as total revenue, product offerings, and key strategies.
A list of key companies operating in the coated glass market provided in the report adds to the credibility of this exhaustive research study.
Global Coated Glass Market: Research Methodology
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications.
Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research.
The report also includes a description of assumptions and acronyms utilized for research purposes.
Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the coated glass market.
A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the coated glass market, which includes global GDP growth rate, various industries growth rate such as building & construction, automotive and others.
This report serves as an authentic resource of intelligence on the coated glass market, enabling the readers to take fact-based decisions on the future direction of their businesses.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
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