Coated Glass Market Forecasts to 2030 - Global Analysis By Product Type, By Coating Material (Metal Oxide Coatings, Low-E Coatings and Other Coating Materials), Function, Distribution Channel, Application, End User and By Geography

According to Stratistics MRC, the Global Coated Glass Market is accounted for $41.48 billion in 2023 and is expected to reach $82.92 billion by 2030 growing at a CAGR of 10.4% during the forecast period. Coated glass is a specialized type of glass with one or more layers of coating applied to its surface, offering enhanced functionalities such as solar control, thermal insulation, self-cleaning, and anti-reflective properties. These coatings improve energy efficiency, provide protection against ultraviolet (UV) radiation, and enhance aesthetic appeal, making coated glass an ideal choice for various architectural, automotive, and industrial applications.

According to the European Council for an Energy-Efficient Economy, in 2016, there were 28% green buildings in Europe, with Germany and Poland among the leaders. According to International Energy Agency (IEA), 36% of global final energy consumption is accounted for by buildings, including commercial, residential, and public structures. As a result, they provide unprecedented energy savings prospects.

Market Dynamics:

Driver:

Increasing demand in construction industry

The increasing demand in the construction industry serves as a significant driver in the coated glass market. As construction activities rise globally, there is a growing need for coated glass products due to their aesthetic appeal, energy efficiency, and safety features. Coated glass enhances building designs, provides thermal insulation, controls solar radiation, and offers protection against UV rays. Architects, builders, and developers seek coated glass solutions to meet sustainability standards and create environmentally friendly buildings, thus driving market growth in the construction sector.

Restraint:

High production costs

The complex manufacturing processes involved in coating glass, such as pyrolytic coating or magnetron sputtering, require specialized equipment and materials, resulting in elevated production expenses. Additionally, stringent quality control measures and compliance with environmental regulations further contribute to cost pressures. These high production costs can limit market growth, particularly for smaller manufacturers or emerging markets, and may impact pricing competitiveness, profitability, and overall market expansion efforts.

Opportunity:

Rising focus on energy efficiency

Government initiatives and building regulations worldwide are increasingly emphasizing energy-efficient solutions to reduce carbon emissions and combat climate change. Coated glass, with its ability to enhance thermal insulation and solar control properties, enables buildings to achieve higher energy efficiency ratings. As a result, there is growing demand for coated glass products in construction projects seeking to achieve sustainability goals and meet stringent energy performance requirements, driving market growth.

Threat:

Substitute materials

Materials such as polycarbonate and acrylic can pose a threat to coated glass, particularly in price-sensitive segments or applications. Additionally, advancements in materials science and manufacturing techniques may lead to the development of new substitutes that offer improved performance or cost advantages. Competition from substitute materials can impact market share, pricing dynamics, and overall profitability for coated glass manufacturers.

Covid-19 Impact:

The COVID-19 pandemic has impacted the coated glass market by disrupting supply chains, delaying construction projects, and reducing consumer spending on non-essential items. Lockdown measures and economic uncertainties have led to decreased demand for coated glass products in industries such as construction and automotive. However, increased focus on health and safety measures may drive demand for certain functionalities, like antimicrobial coatings, in the post-pandemic recovery period.

The double-coated glass segment is expected to be the largest during the forecast period

The double-coated glass segment is anticipated to dominate the coated glass market during the forecast period due to its widespread applications and benefits. Double-coated glass offers enhanced thermal insulation, solar control, and soundproofing properties compared to single-coated glass, making it a preferred choice for energy-efficient buildings and automotive applications. Additionally, advancements in coating technologies and manufacturing processes have improved the performance and durability of double-coated glass, further driving its adoption across various end-user industries.

The anti-glare segment is expected to have the highest CAGR during the forecast period

The anti-glare segment is projected to experience the highest compound annual growth rate in the coated glass market during the forecast period. This growth can be attributed to increasing demand for anti-glare coatings in various applications, such as electronic displays, automotive windshields, and architectural windows. Anti-glare coatings reduce reflections and glare, improving visibility and the user experience. Additionally, advancements in coating technologies and the rising adoption of electronic devices and smart technologies further drive the demand for anti-glare-coated glass products.

Region with largest share:

Over the forecast period, Asia Pacific is expected to lead the coated glass market due to rapid urbanization, infrastructure development, and expanding construction activities in countries like China, India, and Southeast Asian nations. The region's booming automotive and electronics sectors also contribute to market growth. Additionally, government initiatives promoting energy-efficient building materials further boost demand. Moreover, increasing investments in solar energy projects drive the adoption of coated glass, cementing Asia Pacific's dominance in the global market.

Region with highest CAGR:

During the forecast period, Europe is poised for rapid expansion in the coated glass market due to stringent regulations promoting energy-efficient buildings and sustainability, which drive demand for coated glass in construction projects across the region. Additionally, growing investments in infrastructure development, coupled with the increasing adoption of coated glass in the automotive and electronics industries, further propel market growth. Moreover, technological advancements and innovations in coating technologies contribute to the region's leadership in the global coated glass market.

Key players in the market

Some of the key players in Coated Glass Market include AGC Inc., Asahi Glass Co., Ltd., Cardinal Glass Industries, Central Glass Co., Ltd., Emirates Glass LLC, Euroglas GmbH, Fuyao Glass Industry Group Co., Ltd., Guardian Industries, IQ Glass Solutions, Nippon Sheet Glass Co., Ltd., PPG Industries, Inc., Riou Glass, Saint-Gobain, Schott AG, Sisecam Group, Taiwan Glass Ind. Corp., Vitro, S.A.B. de C.V., Vitrum Glass Group and Xinyi Glass Holdings Limited.

Key Developments:

In March 2024, Sisecam will invest $114 million in three new coated glass lines. The lines will be located in Turkey, Italy and Bulgaria. Sisecam will have seven glass coating lines once the new machines start operations. Company officials say the investment addresses the demand for coated glass in the flat glass sector.

In November 2023, Riou Glass acquired Vidresif, a Spain-based glazing manufacturer. The acquisition will reinforce its high performance technical as part of a strategic initiative to expand its business portfolio in laminated, tempered, and coated glass and spread its presence across Spanish market.

In November 2023, Nippon Sheet Glass Co., Ltd. announced a new production line for solar glass in Malaysia as it started operations. Existing production line was converted into a TCO glass (transparent conductive oxide) production line. The coated solar glass is a part of company's strategy to shift towards renewable energy and solve global environmental issues.

Product Types Covered:

• Single-Coated Glass
• Double-Coated Glass
• Triple-Coated Glass
• Laminated Coated Glass
• Other Product Types

Coating Materials Covered:

• Metal Oxide Coatings
• Low-E (Low Emissivity) Coatings
• Other Coating Materials

Functions Covered:

• UV Protection
• Heat Protection
• Thermal Insulation
• Safety & Security
• Self-Cleaning
• Anti-Glare
• Other Functions

Distribution Channels Covered:

• Direct Sales
• Distributors & Wholesalers
• Retailers
• Online Sales Platforms
• Other Distribution Channels

Applications Covered:

• Windows & Doors
• Display Screens
• Skylights & Conservatories
• Sunroofs
• Windshields
• Other Applications

End Users Covered:

• Construction
• Automotive
• Electronics
• Manufacturing and Industrial
• Architecture
• Hospitality
• Solar Energy
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances