Coated Glass Market
Coated Glass Market Forecasts to 2030 - Global Analysis By Product Type (Single-Coated Glass, Double-Coated Glass, Triple-Coated Glass and Other Product Types), By Coating Material (Metal Oxide Coatings, Low-E (Low Emissivity) Coatings and Other Coating Materials), Function, Distribution Channel, Application, End User and By Geography
According to Stratistics MRC, the Global Coated Glass Market is accounted for $41.48 billion in 2023 and is expected to reach $82.92 billion by 2030 growing at a CAGR of 10.4% during the forecast period. Coated glass is a specialized type of glass with one or more layers of coating applied to its surface, offering enhanced functionalities such as solar control, thermal insulation, self-cleaning, and anti-reflective properties. These coatings improve energy efficiency, provide protection against ultraviolet (UV) radiation, and enhance aesthetic appeal, making coated glass an ideal choice for various architectural, automotive, and industrial applications.
According to the European Council for an Energy-Efficient Economy, in 2016, there were 28% green buildings in Europe, with Germany and Poland among the leaders. According to International Energy Agency (IEA), 36% of global final energy consumption is accounted for by buildings, including commercial, residential, and public structures. As a result, they provide unprecedented energy savings prospects.
Market Dynamics:
Driver:
Increasing demand in construction industry
The increasing demand in the construction industry serves as a significant driver in the coated glass market. As construction activities rise globally, there is a growing need for coated glass products due to their aesthetic appeal, energy efficiency, and safety features. Coated glass enhances building designs, provides thermal insulation, controls solar radiation, and offers protection against UV rays. Architects, builders, and developers seek coated glass solutions to meet sustainability standards and create environmentally friendly buildings, thus driving market growth in the construction sector.
Restraint:
High production costs
The complex manufacturing processes involved in coating glass, such as pyrolytic coating or magnetron sputtering, require specialized equipment and materials, resulting in elevated production expenses. Additionally, stringent quality control measures and compliance with environmental regulations further contribute to cost pressures. These high production costs can limit market growth, particularly for smaller manufacturers or emerging markets, and may impact pricing competitiveness, profitability, and overall market expansion efforts.
Opportunity:
Rising focus on energy efficiency
Government initiatives and building regulations worldwide are increasingly emphasizing energy-efficient solutions to reduce carbon emissions and combat climate change. Coated glass, with its ability to enhance thermal insulation and solar control properties, enables buildings to achieve higher energy efficiency ratings. As a result, there is growing demand for coated glass products in construction projects seeking to achieve sustainability goals and meet stringent energy performance requirements, driving market growth.
Threat:
Substitute materials
Materials such as polycarbonate and acrylic can pose a threat to coated glass, particularly in price-sensitive segments or applications. Additionally, advancements in materials science and manufacturing techniques may lead to the development of new substitutes that offer improved performance or cost advantages. Competition from substitute materials can impact market share, pricing dynamics, and overall profitability for coated glass manufacturers.
Covid-19 Impact:
The COVID-19 pandemic has impacted the coated glass market by disrupting supply chains, delaying construction projects, and reducing consumer spending on non-essential items. Lockdown measures and economic uncertainties have led to decreased demand for coated glass products in industries such as construction and automotive. However, increased focus on health and safety measures may drive demand for certain functionalities, like antimicrobial coatings, in the post-pandemic recovery period.
The double-coated glass segment is expected to be the largest during the forecast period
The double-coated glass segment is anticipated to dominate the coated glass market during the forecast period due to its widespread applications and benefits. Double-coated glass offers enhanced thermal insulation, solar control, and soundproofing properties compared to single-coated glass, making it a preferred choice for energy-efficient buildings and automotive applications. Additionally, advancements in coating technologies and manufacturing processes have improved the performance and durability of double-coated glass, further driving its adoption across various end-user industries.
The anti-glare segment is expected to have the highest CAGR during the forecast period
The anti-glare segment is projected to experience the highest compound annual growth rate in the coated glass market during the forecast period. This growth can be attributed to increasing demand for anti-glare coatings in various applications, such as electronic displays, automotive windshields, and architectural windows. Anti-glare coatings reduce reflections and glare, improving visibility and the user experience. Additionally, advancements in coating technologies and the rising adoption of electronic devices and smart technologies further drive the demand for anti-glare-coated glass products.
Region with largest share:
Over the forecast period, Asia Pacific is expected to lead the coated glass market due to rapid urbanization, infrastructure development, and expanding construction activities in countries like China, India, and Southeast Asian nations. The region's booming automotive and electronics sectors also contribute to market growth. Additionally, government initiatives promoting energy-efficient building materials further boost demand. Moreover, increasing investments in solar energy projects drive the adoption of coated glass, cementing Asia Pacific's dominance in the global market.
Region with highest CAGR:
During the forecast period, Europe is poised for rapid expansion in the coated glass market due to stringent regulations promoting energy-efficient buildings and sustainability, which drive demand for coated glass in construction projects across the region. Additionally, growing investments in infrastructure development, coupled with the increasing adoption of coated glass in the automotive and electronics industries, further propel market growth. Moreover, technological advancements and innovations in coating technologies contribute to the region's leadership in the global coated glass market.
Key players in the market
Some of the key players in Coated Glass Market include AGC Inc., Asahi Glass Co., Ltd., Cardinal Glass Industries, Central Glass Co., Ltd., Emirates Glass LLC, Euroglas GmbH, Fuyao Glass Industry Group Co., Ltd., Guardian Industries, IQ Glass Solutions, Nippon Sheet Glass Co., Ltd., PPG Industries, Inc., Riou Glass, Saint-Gobain, Schott AG, Sisecam Group, Taiwan Glass Ind. Corp., Vitro, S.A.B. de C.V., Vitrum Glass Group and Xinyi Glass Holdings Limited.
Key Developments:
In March 2024, Şişecam will invest $114 million in three new coated glass lines. The lines will be located in Turkey, Italy and Bulgaria. Şişecam will have seven glass coating lines once the new machines start operations. Company officials say the investment addresses the demand for coated glass in the flat glass sector.
In November 2023, Riou Glass acquired Vidresif, a Spain-based glazing manufacturer. The acquisition will reinforce its high performance technical as part of a strategic initiative to expand its business portfolio in laminated, tempered, and coated glass and spread its presence across Spanish market.
In November 2023, Nippon Sheet Glass Co., Ltd. announced a new production line for solar glass in Malaysia as it started operations. Existing production line was converted into a TCO glass (transparent conductive oxide) production line. The coated solar glass is a part of company’s strategy to shift towards renewable energy and solve global environmental issues.
Product Types Covered:
• Single-Coated Glass
• Double-Coated Glass
• Triple-Coated Glass
• Laminated Coated Glass
• Other Product Types
Coating Materials Covered:
• Metal Oxide Coatings
• Low-E (Low Emissivity) Coatings
• Other Coating Materials
Functions Covered:
• UV Protection
• Heat Protection
• Thermal Insulation
• Safety & Security
• Self-Cleaning
• Anti-Glare
• Other Functions
Distribution Channels Covered:
• Direct Sales
• Distributors & Wholesalers
• Retailers
• Online Sales Platforms
• Other Distribution Channels
Applications Covered:
• Windows & Doors
• Display Screens
• Skylights & Conservatories
• Sunroofs
• Windshields
• Other Applications
End Users Covered:
• Construction
• Automotive
• Electronics
• Manufacturing and Industrial
• Architecture
• Hospitality
• Solar Energy
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Coated Glass Market, By Product Type
5.1 Introduction
5.2 Single-Coated Glass
5.3 Double-Coated Glass
5.4 Triple-Coated Glass
5.5 Laminated Coated Glass
5.6 Other Product Types
6 Global Coated Glass Market, By Coating Material
6.1 Introduction
6.2 Metal Oxide Coatings
6.3 Low-E (Low Emissivity) Coatings
6.4 Other Coating Materials
7 Global Coated Glass Market, By Function
7.1 Introduction
7.2 UV Protection
7.3 Heat Protection
7.4 Thermal Insulation
7.5 Safety & Security
7.6 Self-Cleaning
7.7 Anti-Glare
7.8 Other Functions
8 Global Coated Glass Market, By Distribution Channel
8.1 Introduction
8.2 Direct Sales
8.3 Distributors & Wholesalers
8.4 Retailers
8.5 Online Sales Platforms
8.6 Other Distribution Channels
9 Global Coated Glass Market, By Application
9.1 Introduction
9.2 Windows & Doors
9.3 Display Screens
9.4 Skylights & Conservatories
9.5 Sunroofs
9.6 Windshields
9.7 Other Applications
10 Global Coated Glass Market, By End User
10.1 Introduction
10.2 Construction
10.3 Automotive
10.4 Electronics
10.5 Manufacturing and Industrial
10.6 Architecture
10.7 Hospitality
10.8 Solar Energy
10.9 Other End Users
11 Global Coated Glass Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 AGC Inc.
13.2 Asahi Glass Co., Ltd.
13.3 Cardinal Glass Industries
13.4 Central Glass Co., Ltd.
13.5 Emirates Glass LLC
13.6 Euroglas GmbH
13.7 Fuyao Glass Industry Group Co., Ltd.
13.8 Guardian Industries
13.9 IQ Glass Solutions
13.10 Nippon Sheet Glass Co., Ltd.
13.11 PPG Industries, Inc.
13.12 Riou Glass
13.13 Saint-Gobain
13.14 Schott AG
13.15 Sisecam Group
13.16 Taiwan Glass Ind. Corp.
13.17 Vitro, S.A.B. de C.V.
13.18 Vitrum Glass Group
13.19 Xinyi Glass Holdings Limited
List of Tables
1 Global Coated Glass Market Outlook, By Region (2021-2030) ($MN)
2 Global Coated Glass Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Coated Glass Market Outlook, By Single-Coated Glass (2021-2030) ($MN)
4 Global Coated Glass Market Outlook, By Double-Coated Glass (2021-2030) ($MN)
5 Global Coated Glass Market Outlook, By Triple-Coated Glass (2021-2030) ($MN)
6 Global Coated Glass Market Outlook, By Laminated Coated Glass (2021-2030) ($MN)
7 Global Coated Glass Market Outlook, By Other Product Types (2021-2030) ($MN)
8 Global Coated Glass Market Outlook, By Coating Material (2021-2030) ($MN)
9 Global Coated Glass Market Outlook, By Metal Oxide Coatings (2021-2030) ($MN)
10 Global Coated Glass Market Outlook, By Low-E (Low Emissivity) Coatings (2021-2030) ($MN)
11 Global Coated Glass Market Outlook, By Other Coating Materials (2021-2030) ($MN)
12 Global Coated Glass Market Outlook, By Function (2021-2030) ($MN)
13 Global Coated Glass Market Outlook, By UV Protection (2021-2030) ($MN)
14 Global Coated Glass Market Outlook, By Heat Protection (2021-2030) ($MN)
15 Global Coated Glass Market Outlook, By Thermal Insulation (2021-2030) ($MN)
16 Global Coated Glass Market Outlook, By Safety & Security (2021-2030) ($MN)
17 Global Coated Glass Market Outlook, By Self-Cleaning (2021-2030) ($MN)
18 Global Coated Glass Market Outlook, By Anti-Glare (2021-2030) ($MN)
19 Global Coated Glass Market Outlook, By Other Functions (2021-2030) ($MN)
20 Global Coated Glass Market Outlook, By Distribution Channel (2021-2030) ($MN)
21 Global Coated Glass Market Outlook, By Direct Sales (2021-2030) ($MN)
22 Global Coated Glass Market Outlook, By Distributors & Wholesalers (2021-2030) ($MN)
23 Global Coated Glass Market Outlook, By Retailers (2021-2030) ($MN)
24 Global Coated Glass Market Outlook, By Online Sales Platforms (2021-2030) ($MN)
25 Global Coated Glass Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
26 Global Coated Glass Market Outlook, By Application (2021-2030) ($MN)
27 Global Coated Glass Market Outlook, By Windows & Doors (2021-2030) ($MN)
28 Global Coated Glass Market Outlook, By Display Screens (2021-2030) ($MN)
29 Global Coated Glass Market Outlook, By Skylights & Conservatories (2021-2030) ($MN)
30 Global Coated Glass Market Outlook, By Sunroofs (2021-2030) ($MN)
31 Global Coated Glass Market Outlook, By Windshields (2021-2030) ($MN)
32 Global Coated Glass Market Outlook, By Other Applications (2021-2030) ($MN)
33 Global Coated Glass Market Outlook, By End User (2021-2030) ($MN)
34 Global Coated Glass Market Outlook, By Construction (2021-2030) ($MN)
35 Global Coated Glass Market Outlook, By Automotive (2021-2030) ($MN)
36 Global Coated Glass Market Outlook, By Electronics (2021-2030) ($MN)
37 Global Coated Glass Market Outlook, By Manufacturing and Industrial (2021-2030) ($MN)
38 Global Coated Glass Market Outlook, By Architecture (2021-2030) ($MN)
39 Global Coated Glass Market Outlook, By Hospitality (2021-2030) ($MN)
40 Global Coated Glass Market Outlook, By Solar Energy (2021-2030) ($MN)
41 Global Coated Glass Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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