Coated Glass Market Size, Share & Trends Report

Coated Glass Market Size, Share & Trends Analysis Report By Application (Optical, Architectural, Automotive), By Coating Type (Hard, Soft), By Region, And Segment Forecasts, 2019 - 2025

  • Published Date: Jul, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-3-68038-144-3
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2017
  • Number of Pages: 130

Industry Insights

The global coated glass market size was estimated at USD 14.0 billion in 2018 and is projected to exhibit a CAGR of 12.1% from 2018 to 2025. Growing concerns regarding rising air conditioning costs in commercial buildings is expected to drive product demand over the forecast period.

The product is manufactured by applying coating on the float line during the production of flat glass (hard coating) or by applying coating on the finished product separately (soft coating), independent of the float line.Many manufacturers generally employ specialized coating equipment and technology services or enter into strategic partnerships with major coated glass players to manufacture the product.

Germany coated glass market

The utilization of solar panels as an alternative source of energy is garnering significance across the globe. Nano coatings applied on solar glass casing is gaining popularity as it makes the glass water repellant, self-cleaning, and anti-reflective.

Coated glass is utilized in buildings as an energy saving product, owing to its ability to reduce air conditioning as well as heating costs. Rising infrastructural developments, coupled with rising emphasis on energy-efficient products, is propelling manufacturers to introduce new products for the construction industry. For instance, in September 2018, Guardian Glass introduced a new double-silver coated solar control glass in order to cater to the current architectural trends in façades and windows.

High manufacturing cost of the product, however, is a key restraint for the market. Energy and raw materials make up the largest share of the manufacturing cost structure. For instance, according to Cardinal Glass Industries, Inc., a basic float glass plant utilizes around USD 500 thousands worth of natural gas and electricity worth USD 85,000 every month.

Coating Type Insights

Based on coating type, the market is segmented into hard/pyrolytic and soft/sputtered. In terms of volume, hard coating constituted a share of 43.3% in 2018. It is characterized by its lower manufacturing cost and no additional requirement for special handling procedures and equipment unlike soft coating.

Soft coating is anticipated to exhibit a CAGR of 12.5% in terms of revenue during the forecast period. It is also known as offline coating. It is applied in a separate vacuum chamber where the process delivers a nearly invisible coating that exhibits a higher performance than hard coating. Single silver low-E, double silver low-E, and triple silver low-E are the major types of sputter coated glasses.

The significant factor driving the segment is ultra-low emissivity, which enables it to reflect considerably more heat than hard coatings. Furthermore, soft coated glass has up to 70% less UV transmission in comparison with standard glazing.

Application Insights

The architectural segment accounted for 72.9% of the revenue in 2018 in the coated glass market. Growing usage of low-E glass for the purpose of energy saving is boosting product demand. It helps in reducing air conditioning costs and according to the IEA, the global energy use by air conditioning systems is expected to triple by 2050. As a result, energy utilization in buildings is set to increase. This is expected to have a positive impact on market growth.

The automotive industry is among key end users of coated glass. Product usage in cars minimizes utilization of air conditioning, reduces carbon footprint, and boosts fuel efficiency. In addition, government support is propelling product usage in the sector. For example, in 2009, CARB voted unanimously to enforce auto manufacturers to install low-E coated glass in all new cars sold starting from 2012.

Global coated glass market

Other applications include solar panel, digital signage, industrial displays, and electronic devices. Nano coatings on solar panel offer various benefits like anti-reflection. According to the U.S. Department of Energy, anti-reflective solar panels reflect lesser sunlight and enable 3% to 6% increase in the light-to-electricity conversion efficiency and power output of solar cells.

Regional Insights

Asia Pacific constituted the largest volume share of 38.3% in 2018 and this trend is expected to continue over the forecast period. Increasing demand for passenger vehicles, residences, and solar installations in the emerging economies of the region are driving the coated glass market. For instance, according to OICA, vehicle production increased in 2018 from 2017 by 10.3%, 9.0%, and 8.0% in Indonesia, Thailand, and India respectively.

Growing emphasis on green buildings is another factor benefitting the market. In February 2019, USGBC released the list of top 10 countries and regions for LEED outside the U.S. as of December 2018. Mainland China topped the list with 1,494 projects (68.8 gross million square meters), followed by Canada with 3,254 projects (46.8 gross million square meters), and India with 899 projects (24.8 gross million square meters). The remaining countries are Brazil, Republic of Korea, Turkey, Germany, Mexico, Taiwan, and Spain. The U.S. had 33,632 projects (441.6 gross million square meters).

North America is anticipated to witness rapid growth over the forecast period, on account of increasing infrastructural developments and green buildings. As a result, manufacturers are expanding their production capacity to cater to the growing demand in the region. For example, in October 2018, Guardian Glass started producing jumbo coated glass in Detroit, Michigan, U.S. The company intends to help customers and to contribute toward the Campus Martius project in the city.

Central and South America holds lucrative growth opportunities for the product. The region is anticipated to witness strong economic growth owing to development in the manufacturing sector, thus boosting product demand. According to IMF, the GDP of South America is expected to reach USD 4.39 trillion by 2023.

This growth potential has compelled manufacturers to increase their production capacities. For example, in April 2017, Guardian Glass announced its move to repair its float glass furnace and expand production at its plant in Brazil. This project intends to demonstrate the company’s confidence in the country and to align itself with its long-term growth strategy. The plant consists of a magnetron sputter coater and produces Guardian Residence and Guardian SunGuard low-E glass products.

Coated Glass Market Share Insights

The market is highly competitive in nature owing to the presence of several major players such as AGC, Inc.; Saint-Gobain; Nippon Sheet Glass Co., Ltd.; Vitro; CSG Holding Limited; Guardian; Taiwan Glass Group; and Kibing. Players are adopting strategies like new product development and capacity expansions in order to sustain their positions in the market. For instance, in April 2018, Euroglas Polska began the construction of a new production line in Ujazd, Poland. The line produces coated glass using the magnetron method for residential and commercial applications.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million, Volume in Kilotons & CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country Scope

U.S., Germany, U.K., Russia, France, China, India, Japan, Brazil

Report coverage        

Revenue and volume forecast, company share, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels, and provides an analysis of latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global coated glass market report on the basis of coating type, application, and region:

  • Coating Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Hard

    • Soft

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Architectural

    • Automotive

    • Optical

    • Others

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

      • France

      • Russia

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

Key questions answered by the report
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