Coated Glass Market Size, Share & Trends Analysis Report By Coating (Hard, Soft), By Application (Architectural, Automotive, Optical), By Region (NA, Europe, APAC, CSA, MEA), And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the coated glass market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for coated glass market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of coated glass market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Coated Glass Market Categorization:

The coated glass market was categorized into three segments, namely coating (Hard Coating, Soft Coating), application (Architectural, Automotive, Optical), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The coated glass market was segmented into coating, application,  and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The coated glass market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into nine countries, namely, the U.S.; Germany; the UK; France; Russia; China; Japan; India; Brazil.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Coated glass market companies & financials:

The coated glass market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• AGC Inc. - AGC, Inc. (formerly known as Asahi Glass Co., Ltd.) was founded in 1907 and is headquartered in Tokyo, Japan the company offers a diverse range of products ranging from automotive glass and architectural glass to display glass and electronic materials. It also offers high-functioning materials such as ceramics and chemicals. The company has divided its operations into four reportable segments: glass, electronics, chemicals, and ceramics. In 2018, the glass segment constituted the highest share of 49.7% of the company’s total revenue. The segment is further divided into architectural and automotive. The company is estimated to hold the world's leading market share in automotive glass and architectural glass segments. The architectural glass segment of AGC Inc. offers a wide lineup of products such as fabricated glass, float glass, decorative glass, and glass for photovoltaic devices.

• Central Glass Co. Ltd. - Central Glass Co., Ltd. was established in 1936 as Ube Soda Industry Co. to manufacture and sell soda products. The company is headquartered in Tokyo, Japan. It ventured into the glass business in 1958 and, subsequently, changed its name to Central Glass Co., Ltd. in 1963. It expanded its glass products portfolio in 1971 by extending its operations in glass fibers. The company is actively engaged in the development of products related to flat glass and chemical products. It has segmented its operations into divisions, namely glass and chemicals. Under the glass division, the company manufactures and sells automotive glass, architectural glass, and glass for electronic materials.

• Cevital Group - Cevital was founded in 1971 and is headquartered in Béjaïa, Algeria. It is among the largest private conglomerates in Algeria and caters to several business sectors including food processing, iron & steel, industrial construction, automobile, and flat glass. The company employs over 18,000 personnel as of 2018. In 2007, the company established a subsidiary known as Mediterranean Float Glass (MFG), which is headquartered in Larbaâ, Algeria. The subsidiary has a presence in the Maghreb region and European countries such as France, Italy, Spain, and Portugal. It is among the leading flat glass producers in Africa and had over 1,000 personnel as of 2017.

• China Glass Holding, Ltd. - China Glass Holdings, Ltd. (CNG) was founded in 2004 and is headquartered in Beijing, China. It is a leading manufacturer of float glass and reflective glass in China. The product portfolio of the company includes float glass, reflective glass, PV glass, energy-saving glass, and deep-processed glass. It is a world leader in the reflective glass segment. The company exports its products to over 100 countries. It has divided its operations into five segments, namely clear glass products, painted glass products, coated glass products, energy saving and new energy glass products, and design & installation service. Some of the landmark projects in China that incorporated the products offered by the company include the Guangzhou Asian Games Athletes Village and Guangzhou TV Tower.

• Euroglas - Euroglas was founded in 1990 with an alliance of five independent small to medium-sized glassprocessing companies. It is headquartered in Haldensleben, Germany. The company operates as a subsidiary of Glas Trosch Holding Ag, which was founded in 1905 and is headquartered in Thunstetten, Switzerland. Euroglas is engaged in the production and processing of float glass, extra-white glass, laminated safety glass, and coated glass for thermal insulation and solar control applications. The company’s four production lines are located in Hombourg, Haldensleben, Osterweddingen, and Ujazd, with an overall basic glass production capacity of around 3,000 tons per day.

• Fuyao Glass Industry Group Co., Ltd. - Fuyao Glass Industry Group Co., Ltd. was founded in 1987 and is headquartered in Fuzhou, China. It is a multinational company involved in the manufacturing of industrial technical glass and automobile safety glass. The company is one of the significant global suppliers of automotive glass with top automobile manufacturers and major OEMs like Toyota, BMW, Audi, Mercedes-Benz, Volkswagen, Chrysler, and Ford among its clientele. As of 2018, the company is proactively implementing the Industry 4.0 concept. As a result, it is one of the top companies in the global glass industry in terms of product automation and information technology. The company is a recipient of various awards and titles for its innovation.

• Guardian Industries - Guardian Industries is a privately held company founded in 1932. It is headquartered in Michigan, U.S. The company went public in 1968 and after 17 years, it again became private. Guardian Glass and SRG Global are part of Guardian Industries. Guardian Glass offers flat glass, fabricated glass, and value-added glass products through its subsidiary Guardian Glass. It is the largest company of Guardian Industries and manufactures high-performance glass for residential, architectural, interior, transportation, and technical glass applications. It has 25 floating glass plants located at various locations. Guardian Glass’s product portfolio includes advanced architectural glass (SunGuard), interior glass (InGlass), glass for solar energy systems (EcoGuard), residential glass (ClimaGuard), automotive & transportation glass, and technical glass for lighting, electronics, and commercial refrigeration.

• Nippon Sheet Glass Co., Ltd. - Nippon Sheet Glass Co., Ltd. (NSG Group) was founded in 1918 and is headquartered in Tokyo, Japan. The company is one of the largest manufacturers of glass and glazing products. It provides glass products primarily through automotive, architectural, and technical glass business segments. Primary products designed and supplied by the company for the architectural industry include thermal insulation glass, solar control glass, fire protection glazing, noise control glazing, security glazing, and glass for solar energy. This segment operates through 27 float lines, which are present across the world. The NSG group is also a supplier of glass to the original equipment and automotive glass replacement market.

• Saint-Gobain S.A. - Saint-Gobain S.A. was founded in 1665 and is headquartered in Courbevoie, France. It is a multinational corporation that is involved in manufacturing building materials and, most prominently, glass. Apart from glass, it also manufactures plastics, ceramics, gypsum, and abrasives. The company operates primarily through the following business segments, namely innovative materials, construction products, building distribution, and others. In 2018, building distribution held the largest revenue share of 46%, followed by construction products with 29%, and innovative materials with 25%. The innovative materials segment offers various types of flat glass including float glass, laminated glass, silvered glass, patterned glass, and coated glass.

• Schott AG - Schott AG was established in 1884 and is headquartered in Mainz, Germany. It is an international manufacturing group engaged in the production of glass and glass ceramics. The Carl Zeiss Foundation is the sole shareholder of Schott AG (Mainz, Germany) and Carl Zeiss AG (Oberkochen, Germany). Schott AG develops and manufactures special glass, specialty materials, components, and systems. The business units cater to various markets such as electronics, automotive, pharmaceutical, optics, aviation, and home appliances. The flat glass business unit is engaged in the development, manufacturing, and marketing of various products made from processed flat glass, such as glass for ovens and shelves for refrigerators, for the home appliances industry.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Coated Glass Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Coated Glass Market Report Assumptions:

• The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.