Global Coated Glass market will register a CAGR of over 12.7% during the period from 2020 to 2026.
New York, United States - November 2, 2020 /MarketersMedia/ —
According to Zion Market Research, the global coated glass market size was capitalized at USD 14.6 billion in 2019 and is estimated to grow at a CAGR of over 12.7% during the forecasted period 2020–2026. The rising concerns about inflating air conditioning price in commercial buildings are likely to propel the product demand in the estimated period. Several producers usually use specialized technology services, coating equipment or enter into planned affiliations with leading coated glass players to produce the product. The coatings on glasses are applied to control the vapor exposure to the glass surface. In addition, coatings enhance transmission, reflection, & absorption properties and also provide resistance for scratch & corrosive.
Some of the leading players in the market are Sisecam Flat Glass, Nippon Sheet Glass Company Ltd., AGC Solar, Xinyi Solar Holdings Ltd., Hecker Glastechnik GmbH & Co.KG, Borosil Glass Works Ltd, Saint Gobain, and Guardian Industries.
Rise In The Adoption Of Sustainable Energy Resources To Boost The Global Coated Glass Market
The factors like rapid urbanization, need for reasonably priced housing, surge in population, and advancement of the services segment like IT & ITES, boost the coated glass market. Furthermore, the spur in demand for decorative glass having digital prints and embracing green building systems and energy competent technologies are boosting the market. The demand from the seals and caring coatings market, due to its sealing and scratch resistance attributes, is one of the key drivers of the coated glass market. The surge in the adoption of sustainable energy resources in developing countries has propelled the demand for coated glass, owing to its properties like competent and optimum conductivity of light and heat makes it perfect for use into solar cells.
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The global coated glass market is bifurcated on the basis of function, production process, product, application, and regional analysis. Based on the function, the market is divided into optics & lightening, solar control, fire-rated, safety & security, and others (packaging and insulation). Based on the production process, the market is divided into soft coat/magnetron sputter vacuum deposition and hard coat/pyrolytic. Based on the product, the market is divided into heat reflective and low-E glass. Based on the application, the market is divided into electronics, architectural, optical, defense & aerospace, automotive, and sports & leisure.
The Asia Pacific And North America Regions Estimated To Dominate The Global Coated Glass Market
Based on the geographical analysis, the global coated glass market is divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. The Asia Pacific region is projected to rule the coated glass market in the estimated period accompanied by North America, which is one of the fastest developing markets.
The global coated glass market is segmented as follows:
By function
Safety & Security
Fire Rated
Solar Control
Optics & Lightening
Others (Packaging & Insulation)
By production process:
Magnetron Sputter Vacuum Deposition/Soft Coat
Pyrolytic/Hard Coat
By product:
Heat Reflective
Low-E Glass
By application:
Automotive
Architectural
Electronics
Optical
Aerospace & Defense
Sports & Leisure
By region:
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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