Coated Glass Industry Overview
The global coated glass market size was valued at USD 32.32 billion in 2021 and is expected to reach USD 71.71 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.3% during the forecast period.
The rising penetration of green buildings and the need to improve energy efficiency and rising awareness associated with it are projected to benefit the market growth over the coming years. Coated glass is used in residential and commercial buildings to keep the inside rooms cool and allow maximum visible light. By reflecting the infrared energy, the temperature inside the building is cooler and therefore it reduces the dependence on air conditioning systems. The product is also used in colder regions, to maintain the warm temperature of the room. In the building & construction industry, coated glass is generally used in the form of insulated glazing units in façades and windows. As a result, the growth of the construction industry in the U.S. is predicted to benefit the market.
Gather more insights about the market drivers, restrains and growth of the Global Coated Glass Market
The growth of the U.S. market is likely to be supported by the USD 1.2 trillion Bipartisan Infrastructure Bill in the country, which is projected to drive the put-in-place construction value for transport infrastructure at an average rate of 8.9% from 2020 to 2025. This is anticipated to benefit the expansion of bridges, rails, ports, water transport, telecommunications, broadband, EVs, and energy. The construction industry has recovered well since the beginning of 2021, as the COVID-19 cases have reduced significantly, benefiting the resumption of industrial activities. The residential sector in the U.S. is likely to benefit from low mortgage rates and strong demand for bigger homes.
However, lack of skilled labor and rising costs for building materials remain short-term challenges for market players. Jumbo-coated architectural glass is the major trend in the U.S. market. As a result, companies are establishing jumbo coaters to serve their demand. For instance, in 2021, Guardian Glass started production of super jumbo coated glass with the dimension of 130” x 240”. The production has started at the company’s Carleton, Michigan facility.
Coated Glass Market Segmentation
Based on the Coating Insights the market is segmented into Hard and Soft
Based on the Application Insights the market is segmented into Architecture, Automotive, Optical, Others
Based on the Regional Insights the market is segmented into North America, Europe, Asia Pacific, Central & South America, & Middle East & Africa
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Market Share Insights
Key Companies Profile:
The recent trend in the glass industry depicts that primary manufacturers are targeting their investments in value-added products like coated glass.
Some of the prominent players in the global coated glass market:
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