Global Coated Glass Market is expected to reach USD 25.24 billion by 2025 at a CAGR of 5.73% from 2018 to 2025. The key contributing factors for the market growth are going to be worldwide growing emphasis on energy efficiency especially in the construction of Green Buildings and fuel efficient cars.
Market Overview:
Outer layer of the glass when applied with thin coating of mineral especially China Clay gives Coated Glass. This coating provides superior properties such as anti-scratch, anti-reflective, low surface emissivity, corrosion resistance, improved impact resistance and unwanted UV and IR radiation reflection. Due to these superior energy efficient properties Government of India did away with Customs duty on import of anti-reflective coated solar tempered glass in 2017.
Report Description:
- The base year for the study has been considered 2017, historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The machine vision market is analyzed on the basis of value (USD billion) (million square meters)
- The study delivers a comprehensive analysis of global coated glass market by production process, product, application and regions.
- The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
- Porter’s Five Forces model is used in order to recognize the competitive scenario in the global coated glass market. This report incorporates the industry analysis which is focused on providing an extensive view of the machine vision market.
- The study also includes attractiveness analysis of production process, product, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
- The report provides company profile of the key players operating in the glass coating market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
- The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
Market Dynamics:
Drivers:
- Growing requirement for anti-reflective coated solar tempered glass.
- Rise in number in construction of green buildings.
- Increasing demand for fuel efficient cars.
Restrains:
- Complex manufacturing process.
- High energy consumption during production leading to environmental concerns.
Opportunities:
- Foundation of International Solar Alliance.
- Advent of Electrical Vehicles.
Challenges:
- Lack of cost effectiveness.
Global Coated Glass Market Analysis:
The Coated Glass market is segmented on the basis of production process, product, application and function.
- The production process segment is classified into hard coat (pyrolysis coating) and Soft coat (Sputter vacuum deposition). Out of these pyrolysis coatings is the dominant manufacturing process used for production driven by increasing demand from automotive sector due to its excellent anti-abrasion property and high impact resistance. Hard coat segment accounted for USD 9.13 billion revenues in 2017. Growing residential and commercial space construction is fueling the demand for soft coated glass segment.
- Product segment consists of Low E glass and Heat reflective glass. Low E glass segment is expected grow at 6.17% CAGR during the forecast period due to their low emissivity i.e. ability to reflect the temperature from inner and outer environment is giving rise to ever increasing demand from the automotive and green buildings construction industry. Due to its property of reflecting solar heat without affecting the light passing through the glass, Heat reflective glass segment is expected to achieve significant demand from tropical region of the world, Middle East and Asia Pacific Specifically.
- The application segment is divided into Architectural, Automotive, Optical, Electronics, Aerospace and defense. Architectural segment led the demand for coated glass with 58.94% of total market share by revenue in 2017. This trend is expected to continue as there is huge pent up demand for low E glass and Heat reflective glass in the construction sector worldwide. Automotive sector follows second with 21.63% of total revenues in 2017 on account of demand of coated glass for manufacturing of windshields due to their scratch and impact resistance properties. Electronics and Optical segments are also reporting handsome growth due anti-glare and anti-reflective properties of coated glass material.
Regional Segmentation analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Asia Pacific region dominated the global coated glass market in 2017 with 31.67% of total volume whereas the North America region held the second dominant position.
- Asia Pacific region is witnessing huge construction activities for commercial, residential and office space due to phenomenal rise of IT and ITES industries. This has generated huge demand for coated glass for architectural purposes. Also, the huge demand for automotive vehicles in Asia Pacific region is also contributing towards the increasing sales of coated glass.
- North America is also expected to generate robust demand for the coated glass owing to its well-developed automotive and aerospace industry.
- Middle East sector especially UAE, Qatar and Saudi Arabia is also expected to generate huge demand for coated glass due to ongoing and planned construction of new cities as well as construction of new sporting arenas and skyscrapers.
Global Coated Glass Market Competitive Analysis:
Key players in Coated Glass Market are Saint Gobain, Guardian Industries, Corning Inc, Interfloat Corporation, Borosil Glass Works, Hecker Glastechnik GmbH, Xinyi Solar Holdings, Nippon Sheet Glass, Sisecam Flat glass and AGC Solar among others. World over all the glass manufacturers are undertaking huge investments and collaborations to cater ever rising demand for architectural coated glass. For instance Saint Gobain employed Manz AG as technology partner to in developing a new laser process ACTILAZ™ for surface treatment of heat-insulating glass.
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Scope
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Key Points
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Information
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Evaluate Market Potential
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Growth Rates (CAGR %)
Value (USD Billion) {Market Size}
Volume (Million Square Meters)
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USP of Report
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Industry and Technology Trends
Market Evolution
Value Chain Analysis
Company Share Analysis
Competitive & Vendor landscape
SWOT Analysis of Each Company
Profit Margin Analysis
Analysis of More than 30 Countries for Each Segment
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Base Year
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2017
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Historical Years
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2015-2016
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Forecast Period
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2018-2025
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Regional Analysis
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North America, Europe, Asia Pacific, South America, and Middle East and Africa
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Countries Analysis
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U.S., Canada, Mexico, Germany, France, Sweden, Netherlands, U.K., Italy, Spain, Turkey, Switzerland, Belgium, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Brazil, Saudi Arabia, UAE, Egypt, Nigeria, South Africa
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This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented Global Coated Glass Market on the basis of below mentioned segments:
Global Coated Glass Market by Production Process:
Global Coated Glass Market by Product:
- Low E Glass
- Heat Reflective Glass
Global Coated Glass Market by Application:
- Architectural
- Automotive
- Optical
- Electronics
- Aerospace and defense
Global Coated Glass Market by Region:
- Germany
- France
- Sweden
- Netherlands
- U.K.
- Italy
- Spain
- Turkey
- Switzerland
- Belgium
- Rest of Europe
- Japan
- China
- India
- South Korea
- Australia
- Singapore
- Malaysia
- Thailand
- Indonesia
- Philippines
- Rest of Asia-Pacific
- Brazil
- Argentina
- Colombia
- Rest of South America
- Saudi Arabia
- UAE
- Egypt
- Nigeria
- South Africa
- Rest of Middle East and Africa
