Coated Glass Market Global Outlook and Active Company Progress Report: 2019-2029

Posted by Arslan on March 11th, 2020

In a recent business intelligence study, FactMR presents the nitty-gritty of the global coated glass market considering 2014-2018 as the historic year and 2019–2029 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting coated glass market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.

Rising temperatures and increasingly stringent carbon emission norms position the global coated glass market to grow at a robust pace of over 8% CAGR during the forecast period (2019-2029). Coated glass characteristics such as solar control, and enhanced illumination garner consumer traction. Reduction of carbon emissions from cooling systems is a priority for organizations. Coated glass aids energy savings by reducing the amount of cooling or heating required in corporate and commercial buildings. Modern architecture is witnessing rampant adoption of coated glass in residential, as well as, commercial spaces. Architects at the forefront of modern designs, employ coated glass in strategic ways to extract maximum sun blocking, while enhancing visual appeal. When coupled with high-temperature outliers in GCC countries, analysts project a meteoric growth in Middle East.

The coated glass market study outlines the key regions – Latin America, North America, MEA, Europe and APEJ – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are Guardian Industries, Nippon Sheet Glass Co., Ltd, Saint-Gobain S.A., SCHOTT AG and many more.

Key Takeaways of Coated Glass Market Study

East Asia accounts for a majority of global sales with more than 1/4rd of the total market value. The region exhibits an impressive 7% CAGR growth. Middle East & Africa offers the most remunerative growth opportunities, on the back of, market penetration of international coating standards coupled with increasing disposable income of high-net-worth individuals. Owing to low emissivity and cost-efficient production processes, the soft coating segment will grow 2X from 2019 to 2029.

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Architectural applications will continue to lead product demand on the back of increasing infrastructure development and the consequent need for energy efficient buildings. Optical applications exhibit the highest growth rate of more than 15% CAGR till 2029. Consumer preference for sun blocking characteristics in lenses and anti-glare glasses propel the coated glass demand from this segment. Automotive applications will show the second highest growth of over 10% CAGR during the forecast period. Commercial and consumer vehicles are rapidly employing sun reflective glasses to address temperature control and anti-glare needs while driving.

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Arslan
Joined: December 18th, 2017
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