The market size of coated glass is expected to reach 71.425 billion US dollars in 2030
The global coated glass market size in 2021 is US$32.951 billion, and is expected to reach US$71.425 billion by 2030, with a compound annual growth rate of 9.2% between 2022 and 2030.
In recent years, the coated glass market has expanded rapidly along with the development of the flat glass industry. The economic recession brought on by factors such as COVID19 has had an impact on many coated glass end industries, including architectural glass, automotive glass and solar glass. However, increasing adoption of coated glass in construction, automotive, renewable energy, and manufacturing industries, as well as global economic recovery are driving the demand for coated glass. In addition, laws and regulations aimed at reducing carbon dioxide emissions, saving and protecting natural energy are driving the growth of the coated glass market. Retrofitting of existing buildings in these regions presents a significant opportunity for the coated glass market, especially low-e glass, which has design features of acoustic insulation and passive solar for improved energy efficiency.
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In modernist architecture, glass has become the most dominant material. The properties of glass can be altered, allowing it to be used in solar energy, sound insulation, thermal control and security. These glasses undergo specialized mechanical and chemical treatments to enhance their resilience, durability and application-specific surface coatings. Coated glass is used to reduce the effects of glass screens' exposure to solar radiation and other heat waves that combine with the crystals to form a long-lasting coating. Coatings on glass improve scratch resistance, absorption, transmission and corrosion resistance.
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Global Coated Glass Market Growth Aspects
Coated glass is an advanced glass product that has been sprayed with a thin coating of metal nanoparticles. In terms of solar energy, which changes the behavior of the glass in the infrared and visible light environment, the material is only allowed to protect the inside of the glass. Growth in residential and commercial buildings, along with improvements in green infrastructure, are driving the coated glass market. Moreover, concerns over rapidly rising cost of commercial air conditioners will boost the demand for solar glass in the near future. The rise of the automotive industry as a highly specialized application area is likely to further increase the demand for coated glass.
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Regional Overview of Coated Glass Market
North America, Europe, Asia Pacific, Latin America, Middle East and Africa are the major regional divisions of the global coated glass market. Asia Pacific is expected to be the fastest growing region and hold the largest market share in the next few years. This expansion is associated with rising discretionary income, rapid economic growth, and advancements in the infrastructure and construction industries. Moreover, the demand for coated glass is expected to rise across the Asia-Pacific region, including automotive manufacturing, manufacturing, aerospace, scientific research, and defense. Asia Pacific has the largest number of glassware production plants, so it is the dominant region. Moreover, the production of energy-efficient and compact vehicles is increasing, leading to high demand for coated glass, all these factors are driving and dominating the demand for coated glass in the market in this region.
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Increased solar capacity globally to drive the coated glass market
The global solar industry, especially in terms of infrastructure development, is expected to expand significantly. Solar power capacity expands due to the depletion of clean energy resources, the regulatory environment, environmental concerns, falling costs of solar power systems, technological advancements and rising demand for electricity. Growth in the solar industry heralds increased utilization of solar panels, which may ultimately affect the demand for coated glass. The glass on the solar panel is critical as it acts as a barrier between the harsh external elements and the photovoltaic solar cells. Coated solar panel glass is important because it directly affects the operation and performance of photovoltaic systems.
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Coated Glass Market Segmentation
The global coated glass market is segmented on the basis of type and application. Based on type, the market is segmented into low-e glass, solar panels, hard coating, and soft coating. On the basis of application, the market is segmented into automotive, construction, aerospace & defense, sports & leisure, and others.
P.S. The article comes from China Glass Network(www.glass.com.cn)
In recent years, the coated glass market has expanded rapidly along with the development of the flat glass industry. The economic recession brought on by factors such as COVID19 has had an impact on many coated glass end industries, including architectural glass, automotive glass and solar glass. However, increasing adoption of coated glass in construction, automotive, renewable energy, and manufacturing industries, as well as global economic recovery are driving the demand for coated glass. In addition, laws and regulations aimed at reducing carbon dioxide emissions, saving and protecting natural energy are driving the growth of the coated glass market. Retrofitting of existing buildings in these regions presents a significant opportunity for the coated glass market, especially low-e glass, which has design features of acoustic insulation and passive solar for improved energy efficiency.
.jpg)
In modernist architecture, glass has become the most dominant material. The properties of glass can be altered, allowing it to be used in solar energy, sound insulation, thermal control and security. These glasses undergo specialized mechanical and chemical treatments to enhance their resilience, durability and application-specific surface coatings. Coated glass is used to reduce the effects of glass screens' exposure to solar radiation and other heat waves that combine with the crystals to form a long-lasting coating. Coatings on glass improve scratch resistance, absorption, transmission and corrosion resistance.
.jpg)
Global Coated Glass Market Growth Aspects
Coated glass is an advanced glass product that has been sprayed with a thin coating of metal nanoparticles. In terms of solar energy, which changes the behavior of the glass in the infrared and visible light environment, the material is only allowed to protect the inside of the glass. Growth in residential and commercial buildings, along with improvements in green infrastructure, are driving the coated glass market. Moreover, concerns over rapidly rising cost of commercial air conditioners will boost the demand for solar glass in the near future. The rise of the automotive industry as a highly specialized application area is likely to further increase the demand for coated glass.
.jpg)
Regional Overview of Coated Glass Market
North America, Europe, Asia Pacific, Latin America, Middle East and Africa are the major regional divisions of the global coated glass market. Asia Pacific is expected to be the fastest growing region and hold the largest market share in the next few years. This expansion is associated with rising discretionary income, rapid economic growth, and advancements in the infrastructure and construction industries. Moreover, the demand for coated glass is expected to rise across the Asia-Pacific region, including automotive manufacturing, manufacturing, aerospace, scientific research, and defense. Asia Pacific has the largest number of glassware production plants, so it is the dominant region. Moreover, the production of energy-efficient and compact vehicles is increasing, leading to high demand for coated glass, all these factors are driving and dominating the demand for coated glass in the market in this region.
.jpg)
Increased solar capacity globally to drive the coated glass market
The global solar industry, especially in terms of infrastructure development, is expected to expand significantly. Solar power capacity expands due to the depletion of clean energy resources, the regulatory environment, environmental concerns, falling costs of solar power systems, technological advancements and rising demand for electricity. Growth in the solar industry heralds increased utilization of solar panels, which may ultimately affect the demand for coated glass. The glass on the solar panel is critical as it acts as a barrier between the harsh external elements and the photovoltaic solar cells. Coated solar panel glass is important because it directly affects the operation and performance of photovoltaic systems.
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Coated Glass Market Segmentation
The global coated glass market is segmented on the basis of type and application. Based on type, the market is segmented into low-e glass, solar panels, hard coating, and soft coating. On the basis of application, the market is segmented into automotive, construction, aerospace & defense, sports & leisure, and others.
P.S. The article comes from China Glass Network(www.glass.com.cn)