Coated Glass Global Market Report 2024

Coated glass refers to glass surfaces treated with one or more layers of metal, metal oxide, or alternative materials, or having undergone a process where metal ions are deposited onto it. These coatings are employed to ensure durability, robust defense, resistance against scratches, and protection from water, dirt, ice, and snow. Moreover, they provide additional benefits such as self-cleaning capabilities, resistance to corrosion, and solar protection.

The primary types of coated glass coatings include online coatings, offline coatings, dielectric coatings, dichroic coatings, and mirror silvering. Online coatings involve the application of a tin-based chemical solution or powder onto hot glass during the float glass production process, resulting in a single-layer composite coating with a greyish appearance. Coated glass types include low e-glass and heat-reflective glass, each serving various functions such as enhancing safety and security, controlling solar heat, improving optics, achieving fire-rated properties, among others. These types of glass find diverse applications in industries such as automotive, aerospace and defense, optical technology, electronics, architecture, and other sectors due to their multifunctional properties and suitability for various purposes.

The coated glass market research report is one of a series of new reports from The Business Research Company that provides coated glass market statistics, including coated glass industry global market size, regional shares, competitors with a coated glass market share, detailed coated glass market segments, market trends and opportunities, and any further data you may need to thrive in the coated glass industry. This coated glass market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The coated glass market size has grown strongly in recent years. It will grow from $31.8 billion in 2023 to $34.8 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth observed in the historical period can be attributed to several factors. These include advancements in architecture that necessitated specialized glass solutions, the growth of the automotive industry which demanded specific glass applications, increasing requirements for energy-efficient materials leading to the adoption of coated glass, consumer demand for UV protection in various products, and a heightened emphasis on safety measures across industries driving the use of specialized glass.

The coated glass market size is expected to see strong growth in the next few years. It will grow to $48.51 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. Anticipated growth in the forecast period can be linked to several key factors. These encompass an increased consumer awareness regarding specialized glass solutions, ongoing innovations in smart glass technologies, the rise of green building trends emphasizing energy-efficient materials, the expanding electronics and display market, and notable advancements in nanotechnology influencing the glass industry. Key trends expected in this period include the application of augmented reality (AR) in conjunction with glass solutions, integration with Internet of Things (IoT) devices for enhanced functionality, the development of thin-film coating technologies for specialized functionalities, the implementation of dynamic light control features, and the utilization of anti-reflective coatings to enhance glass performance and usability.

The anticipated growth in the number of construction activities is poised to drive the expansion of the coated glass market. Construction activities encompass the stages involved in creating structures, employing innovative techniques, materials, and technologies for building construction, infrastructure development, and other structural projects. Coated glass plays a crucial role in construction by providing long-lasting durability, scratch resistance, and protection against water, dirt, ice, and snow. Notably, coated glass also offers UV protection, resistance to corrosion, and self-cleaning properties. In December 2021, the U.S. Census Bureau reported a notable increase in housing units started in the U.S., with an estimated 1,595,100 units in 2021, reflecting a 15.6% rise from the 2020 figure of 1,379,600. Additionally, construction spending in the U.S. increased by 3.8%, reaching $1,834.7 billion in March 2023 compared to $1,768.2 billion in March 2022. This surge in construction activities is a key driver fueling the growth of the coated glass market.

The rapid pace of industrialization is expected to further propel the coated glass market's growth. Industrialization involves the transformation of an economy or society from agrarian and craft-based activities to a more industrial and manufacturing-based structure. Coated glass finds diverse applications in industrial settings, contributing to energy efficiency, safety, and aesthetic enhancements in both architectural and manufacturing processes. The use of coated glass enhances building insulation, reduces glare, and provides additional protective features, aligning with sustainable and advanced industrial practices. Eurostat reported a 0.5% increase in industrial production in the euro area and a 0.4% increase in the EU in June 2023 compared to May 2023, underscoring the momentum of industrialization. This trend in rapid industrialization is anticipated to be a significant driver for the growth of the coated glass market.

A predominant trend in the coated glass market is the focus on product innovation, with companies actively adopting new technologies to maintain their market positions. An illustrative example is Guardian Industries, a US-based manufacturer of glass and building materials, which introduced two innovative products, SunGuard SNR 35 and SunGuard SNR 50, in March 2022. These coated glass products offer exceptional low solar heat gain, a neutral silver look, and superb neutral reflection, providing architects with versatile options to achieve specific styles and bring their designs to life. SNR 50, with a 48% visible light transmission and a solar heat gain coefficient of 0.25, strikes a balance between medium reflectivity and a neutral aesthetic. On the other hand, SNR 35 features a clean, shiny appearance with a lower solar heat gain coefficient of 0.17, offering even greater energy savings. Both products can be combined with various substrates, including UltraClear low-iron glass, and are available in different thicknesses, providing architects with flexibility in design.

Major companies in the coated glass market are concentrating on the development of technology-driven solutions such as transparent glass coating to contribute to the sustainability of buildings. Transparent glass coating involves the application of a thin layer or film to glass surfaces, enhancing properties, appearance, or functionality while maintaining transparency. In July 2023, Heat Cure Glass Coating, an India-based manufacturing company, launched heat cure glass coating products with nanotechnology-based transparent liquid coating. This coating provides protection from heat and harmful rays, contributing to maintaining a comfortable internal temperature in buildings. Notably, the coating is reported to have a shelf life of up to 12 years without maintenance and offers over 76% visible light transmission over 3mm glass. This emphasis on technology-driven solutions aligns with the industry's commitment to sustainable building practices in the coated glass market.

In March 2023, LX International Corporation, a South Korea-based company specializing in commodity trading and mining, completed the acquisition of Hankuk Glass Industries Inc. The financial details of this acquisition were not disclosed. With this strategic move, LX International has fortified its revenue base and expanded its business portfolio. The acquisition serves LX International's objective of diversifying its operations by venturing into additional material industries. Hankuk Glass Industries Inc., based in South Korea, primarily engages in the manufacturing and sale of glass plates, coated glass, and glazed glass. These products find predominant use in building and residential windows.

Major companies operating in the coated glass market report are AGC Inc., Central Glass Co Ltd., Cardinal Glass Industries Inc., China Glass Holdings Limited, Euroglas GmbH, Fuyao Glass Industry Group Co Ltd., Guardian Industries Corporation, Saint-Gobain SA, Schott AG, Sisecam Group, Taiwan Glass Group, Vitro Architectural Glass, Xinyi Glass Holdings Co Ltd., Interfloat Corporation, PPG Industries Ltd., Arkema SA, Nippon Sheet Glass Co Ltd., Vitro Architectural Glass, CSG Holding Co. Ltd., Corning Inc., North Glass Technology Co Ltd., Gold Plus Glass Industry Limited, Asahi India Glass Ltd, Borosil Glass Work Ltd., Safelite AutoGlass, Specialty Glass Products Inc., Ellsworth Adhesives, Hecker Glastechnik GmbH, Shanghai North Glass Technology Industrial Co Ltd., Aremco Products Inc.

Asia-Pacific was the largest region in the coated glass market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the coated glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the coated glass market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The coated glass market consists of sales of self-coating glass, insulation glass coatings, and building glass coatings. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Coated Glass Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on coated glass market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for coated glass ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The coated glass market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Coating Type: Online Coatings; Offline Coatings; Dielectric Coatings; Dichroic Coatings; Mirror Silvering
• 2) By Type: Low E-Glass; Heat Reflective
• 3) By Function: Safety And Security; Solar Control; Optics; Fire Rated; Other Functions
• 4) By Application: Automotive; Aerospace And Defense; Optical; Electronics; Architecture; Other Applications
• Companies Mentioned: AGC Inc.; Central Glass Co Ltd.; Cardinal Glass Industries Inc.; China Glass Holdings Limited; Euroglas GmbH
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.