Coated Glass Market Analysis

Coated Glass Market Analysis

Low Emissivity (Low-E) coated glass may register above average gains at over 5.5% at the end of forecast period owing to its application potential in construction and automotive sectors. It is widely used in residential and non-residential buildings to minimize the UV-value which subsequently diminishes the shading coefficient, resulting in improvement of overall energy efficiency of the building.

Superior characteristics such as low surface emissivity, makes it ideal for usage in automotive windscreens as it absorbs and re-radiates very little light and heat. Technological advancements on usage of these products in automotive rear and side view mirror are being done, which should further drive the coated glass market share.

Solar control glass from construction projects may surpass USD 980 million by 2024. Increased product usage in non-residential buildings as it comprises of invisible layers of special materials which allows the sunlight to pass through it but lowers down the solar heat in the building. These products are double glazed, which means they are helpful in insulation also. Consumers tend to work and live in air-conditioned environments for comfort and productivity, which hence increases the energy demand. Increasing installation of solar panels along with minimization of the requirement of air-conditioning will drive the coated glass market demand.

Hard coat glass market size from automotive windshields will register growth close to 4.5% owing to good impact and abrasion resistance. These products do not break up into large pieces upon impact and thus minimizes the risk of injury to the consumers. Styling flexibility, impact resistance and light transmittance properties of the products add value to the OEMs. Technology development to enhance weathering and abrasion resistance of hard coats will further surge demand.
 

Soft coat glass will exceed USD 2.5 billion at the end of 2024. These products are also known as off-line coated glass and are used in double glazed units. It provides same neutral appearance and thermal performance as that of its counterparts and can be used in replacement windows for existing homes and glazing applications in conservatories and new houses. Growing residential infrastructures in Europe owing to massive movements of migrants to the region have supported the coated glass market growth.
 

Europe driven by France, Germany, Russia, Poland and UK will register steady growth at over 3.5%. Growth in green buildings, hospitals, offices and institutions have enhanced the construction output in Europe. Rise in environmental concerns have led to implementation of various norms regarding carbon emissions and energy savings. Automotive manufactures use these products in the vehicles as they do not break up into sharp pieces on impact. The presence of various automotive manufacturers in the region has thus favored the coated glass market growth.
 

Brazil low-E glass demand from automotive windshield will surpass USD 55 million by 2024. Fiat Chrysler Automobiles, Honda, Toyota, Volkswagen and General Motors are opening or expanding their automotive production facilities in the region to boost up the local economy. Over 1.8 million passenger cars were produced in Brazil. Increased government initiatives and financial banking has offered opportunities for OEMs to expand up automotive manufacturing facilities, thereby stimulating the coated glass market revenue.
 

China coated glass market may witness gains close to 7% during the projected timeframe. Rise in construction expenditure owing to change in consumer lifestyles along with government initiatives such as National New Type Urbanization Plan has enhanced construction for both residential and commercial buildings. Easy availability of labor and low production costs has propelled various industry manufacturers to set up production units, resulting into enhanced product demand in industrial buildings.