The coated glass market will reach nearly USD 60.11 billion, growing at a CAGR of 8.5% during the forecast period of 2028

Reports and data

Growth of the construction and building sector and increasing focus on smart city projects and growing need to develop energy efficient buildings

NEW YORK CITY, NEW YORK, USA, September 13, 2022 /EINPresswire.com/ — The Global coated glass market The size is expected to reach USD 60.11 billion in 2028 and register a CAGR of 8.5% over the forecast period, according to a latest report by Reports and Data. The rapid growth in the construction sector and the need to develop more energy-efficient buildings to reduce energy consumption are key factors that are expected to drive the market revenue growth over the forecast period. Residential and commercial structures account for almost a third (32%) of a country’s total electricity. Countries like India are introducing a revised version of the Energy Conservation Building Code (ECBC) to achieve a 50% reduction in energy consumption by 2030. The government plans to make the new code mandatory so that municipalities can use it legally. The ability of coated glass to reduce the energy costs associated with the heat transfer that occurs through windows is expected to drive the market revenue growth over the forecast period. The microscopic coating on the glasses makes the windows more thermally efficient. The coating on the glass works by minimizing the amount of infrared and ultraviolet light that can pass through the glass by reflecting it, thereby reducing radiant heat emissions. The increase in R&D activities for the production of transparent and bio-inspired coatings allows the production of conventional glasses that are more resistant, self-cleaning and incredibly smooth. These factors are expected to drive the growth of the market. A new clear, bio-inspired coating could be used to create scratch-resistant, durable lenses for eyewear, high-grade solar panels and self-cleaning windows.

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Some highlights of the report

In October 2020, NSG Group announced the launch of Pilkington sanitize to make the world healthier, cleaner and safer. Pilkington Sanitize is a clear coated glass that is naturally activated by exposure to daylight UV. The pyrolytic coating on the glass provides antimicrobial properties by minimizing enveloped viruses on its surface. The antimicrobial activity when exposed to natural UV of a coated glass increases significantly compared to uncoated glass. It also provides additional protection to building facades, shared transportation such as trains, school buses, restaurants or hotels, and shared outdoor spaces such as bus shelters. Additionally, coated glass is compatible with commercial grade cleaners and is highly resistant to physical corrosion and chemical damage.
The low-e glass segment is expected to account for the largest revenue share in the global coated glass market during the forecast period. The exceptional energy efficiency and aesthetics offered by low-e coatings are driving their demand in the construction industry. With advances in low-e coating technology, architects can specify large expanses of clear glass to provide the benefits of daylighting while improving the energy and environmental performance of buildings.
The Windows segment is expected to register significant revenue growth over the forecast period. Coated glass windows play an important role in a structure’s energy conservation, as windows are generally responsible for the maximum energy losses in any structure. Low-E windows are more insulating than standard uncoated glass due to the coating. It also helps reduce energy costs associated with the heat transfer that occurs because of windows.
The construction segment is expected to account for a considerable share of revenue in the global coated glass market owing to the growing development of energy-efficient commercial and residential buildings. The need to reduce energy bills by minimizing energy consumption is increasing the demand for coated glass in the construction industry.
The major market players are Compagnie de Saint-Gobain SA, AGC Inc., Guardian Industries, PPG Industries, Inc., Cardinal Glass Industries Inc., Nippon Sheet Glass Co., Ltd., Central Glass Co., Ltd., China Glass Holdings Limited, Sisecam Group and Schott AG.

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For the purpose of this report, Reports and Data has segmented the global construction films market based on type, application and region:

Product Type Outlook (Revenue, USD Billion; 2018-2028)

Low-e glass
Solar control panel
hard coated
Soft coating

Application Outlook (Revenue, USD Billion; 2018-2028)

facades
Window
Partitions
Others

End-Use Industry Outlook (Revenue, USD Billion; 2018-2028)

Construction
Automotive
Sports & Leisure
Aerospace and Defense
Others

Key Regional Markets Covered in the Report:

North America (United States, Canada, Mexico)
Europe (Italy, UK, Germany, France, Rest of Europe)
Asia-Pacific (India, China, Japan, South Korea, Australia, Rest of Asia-Pacific)
Latin America (Chile, Brazil, Argentina, Peru, rest of Latin America)

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Key questions answered by the report:

What is the expected year-on-year growth of Construction Films during the forecast period?
What key trends are expected to influence market revenue growth in the future?
Which region is expected to account for the largest revenue share during the forecast period?
Which key companies are profiled in the report?

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