Top Emerging Trends Of Coated Glass Market Progress Forecast 2025 |Grand View Research, Inc.
The global coated glass
market size is expected to reach USD 57.3 billion by 2027, registering a
revenue-based CAGR of 8.8% over the forecast period, according to a new report
by Grand View Research, Inc. The market is mainly driven by the growth of the
building and construction sector and rising emphasis on green buildings across
the globe.
According to Glass Association of
North America, a glass is coated in order to meet specific requirements such as
improvement in visibility, improvement in solar and thermal performance, and to
change surface characteristics without altering the composition. The product
offers enhanced energy efficiency in comparison to usual glass. It helps in
improving insulation, solar control, anti-reflection, and hydrophobic
properties. The product is used for both functional and decorative purposes.
What is hard coating and soft coating?
Hard coating involves application of
the coating on the float line, during flat glass production, while soft coating
involves application of the coating separately on the finished product. Hard
coating is also known as pyrolytic coating, and soft coating is known as
sputtered coating. Soft coated glasses are less durable to the atmosphere, and
must be integrated into a double glazed unit. Hard coatings have a longer shelf
life as compared to soft coatings.
What is the use of coated glass in
architecture?
The architecture segment is accounts
for around three-quarters of the product application, as organizations look
towards energy saving techniques with usage of low-E glass. This type of glass
minimizes the amount of UV or IR light amount, which blocks emissivity. The new
coatings can differentiate between radio and Wi-Fi signals and limit the
transmission accordingly, which can help in significant energy savings, while
also providing security.
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The soft coated glass dominated the market
in 2019. The product is characterized by more visible light transmission and
higher optical clarity as compared to hard coated products. These
aforementioned properties play a key role for the dominant share held by this
segment in terms of volume in the global market.
In terms of application, the architecture
segment dominated the market in 2019. The product is used in commercial as well
as residential buildings to keep the indoors cool in hot climate by reflecting
the outside heat while allowing maximum transmission of visible light.
Furthermore, the product is used in colder climates to keep the inside of a
building warm by re-radiating the heat coming from inside.
Why should we use glass coating in vehicles?
Glass coatings are a very popular segment in automotive industry,
as they provide manifold benefits such as scratch-resistance, prevention of
oxidation, protection of the paint from harmful rays, better visibility in wet
weather, and easier vehicle maintenance by repelling dirt. Glass coating is
cheaper than ceramic coatings, which helps in getting a faster return on
investment, and also offers protection for a much longer duration.
Why should we use glass coating on solar
panels?
Use of glass coating on solar panels
helps in making them water repellant, while also reducing the amount of
reflection of sunlight off the panels. Also, in snowy areas, such setup helps
in preventing the accumulation of ice or snow that affects the efficiency of
these panels.
What are the challenges and threats for the
coated glass market?
Coated glass has a few disadvantages,
such as exhibiting of a natural grey haze, which is otherwise not seen. Another
issue is that these glasses reflect more color, and can be more reflective than
clear glass. Their high manufacturing cost is another challenge that market
players need to address. The environmental impact on the durability of glass is
another issue that manufacturers face.
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Which are the top 10 countries for LEED?
The top 10 nations that have been recognized by the USGBC (United
States Green Building Council) in February 2019, as having championed the cause
of using less water and energy, as well as reducing carbon emissions, are:
Mainland China (68.83 million square meters gross space), Canada (46.81 million
gross square meters), India (24.81 million sq. m), Brazil (16.74 gross sq. m),
Republic of Korea (12.15 million sq. m), with Turkey, Germany, Mexico, Taiwan
and Spain rounding up the top 10, in that order. As the focus on green
buildings grows in the coming time, there is bound to be a heavy demand for the
coated glass products.
What have been the key developments in the
coated glass market?
1. Guardian Glass has recently come out with its
jumbo coated glass for the North American market, offering the same innovation
and quality as for their other products.
2. Guardian Glass Europe has attained the Bronze
level Cradle to Cradle certification for its float, coated and laminated
glasses. The above-mentioned certification recognizes the sustainable
attributes of the product, and is a response by the glass industry to the
circular economy challenge.
3. Saint Gobain Glass has teamed up with Morley
Glass and Glazing regarding the recycle and reuse of post-consumer glass. This
process includes glass types such as mirrored, coated and lacquered. The waste
glass, also known as cullet, consumes less energy while processing as compared
to raw materials, and one ton of cullet was found to reduce CO2 emissions by
almost 300kg.
Which is the leading application segment for
the coated glass market?
Architectural
segment dominated the global market in 2018, with more than 70% of the revenue
share, with organizations looking towards efficient energy utilization for
their buildings. Another key application area is the automotive industry, where
utilization of the product minimizes air conditioning requirement, while helping
to reduce carbon footprint and boosting energy efficiency.
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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