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The coated flat glass market size is projected to reach an estimated value of USD 21.80 billion by 2026 at a CAGR of 7.31%. This report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.
The coated flat glass market report extensively covers market segmentation by application (residential buildings, commercial buildings, automotive, solar, and others), type (low-E glass, solar control glass, and self-cleaning glass), and geography (Europe, APAC, North America, South America, and Middle East and Africa).
The coated flat glass market vendors studied and compiled in this report are Asahi India Glass Ltd., Cardinal Glass Industries Inc., Central Glass Co. Ltd., Compagnie de Saint Gobain SA, DBs Glass and Glazing, Etex NV, Euroglas GmbH, Fuso Glass India Pvt. Ltd., Fuyao Glass Industry Group Co. Ltd., Hesse GmbH and Co. KG, Koch Industries Inc., Nippon Sheet Glass Co. Ltd., Phoenicia Flat Glass Industries Ltd., Press Glass Holding SA, PT Mulia Industrindo Tbk, SCHOTT AG, Taiwan Glass Ind. Corp., Turkiye Sise ve Cam Fabrikalari AS, Xinyi Solar Holdings Ltd., and Zhuzhou Kibing Group Co. Ltd. among others.
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The increasing demand for coated flat glass from the automotive industry is notably driving the coated flat glass market growth, although factors such as high cost of coated solar control glass may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the coated flat glass industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Coated Flat Glass Market Driver
One of the key factors driving the global coated flat glass market growth is the increasing demand for coated flat glass from the automotive industry. The global automotive industry is one of the fastest adopters of coated flat glass as it is widely used in automotive exterior and interior to make vehicles lightweight. Coated flat glass is used to produce lightweight, fuel-efficient, and environment-friendly automobiles as more countries across the world are introducing stringent regulations on vehicle emissions to reduce air pollution. Countries, such as China, Germany, India, France, Italy, South Korea, Japan, and the US, use coated flat glass in both passenger cars and commercial vehicles. Other factors such as the increasing production of vehicles will boost the demand for coated flat glass during the forecast period.
Key Coated Flat Glass Market Trend
Increasing applications in the automotive sector is one of the key coated flat glass market trends that is expected to impact the industry positively in the forecast period. The automobile sector has seen a tremendous increase in the demand for energy-saving vehicles in recent years. The key car manufacturers such as BMW, Audi, and Daimler are replacing the normal glass with coated flat glass in their products, which will encourage other manufacturers to follow suit. In addition, the demand for motor vehicles is increasing across the world because of improved living standards. Thus, the automotive sector has become the third-largest end-user in the global coated flat glass market. Hence, such factors are expected to further support the growth of the market in the coming years.
Key Coated Flat Glass Market Challenge
One of the key challenges to the global coated flat glass market growth is the high cost of coated solar control glass. The manufacturing of coated solar control glass involves the combustion of natural gas, which is used to heat furnaces to melt the raw materials needed to manufacture glass. These furnaces mostly operate on natural gas, which increases the cost of production of coated solar control glass. In addition, coated solar control glass is incorporated with extra coatings to provide resistance to rust, temperature variations, seismic forces, water, and air. In terms of the investment cost, the installation of coated solar control glass generally accounts for 10%-15% of the total construction cost, which is significantly higher than that of other construction processes. This may limit the market growth in the forecast period.
This coated flat glass market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global coated flat glass market as a part of the global construction materials market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the coated flat glass market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the coated flat glass market encompasses successful business strategies deployed by the key vendors. The coated flat glass market is fragmented and the vendors are deploying growth strategies such as launching products with new features to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The coated flat glass market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the coated flat glass market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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38% of the market's growth will originate from Europe during the forecast period. UK, France, and Germany are the key markets for coated flat glass in Europe. Market growth in this region will be faster than the growth of the market in South America and MEA.
The significant increase in the demand for coated flat glass owing to increasing investments in the construction of large commercial and residential buildings will facilitate the coated flat glass market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
Countries such as the Netherlands, Spain, Italy, France, the UK, and Germany, have been severely affected by the COVID-19 pandemic. The lockdown imposed in the region in 2020 to contain the spread of COVID-19 resulted in the shutdown of various manufacturing plants, including the manufacturing units of coated flat glass, in Europe. This led to a decline in the production volume of coated flat glass in the region in the first few months of 2020. However, the construction projects have started resuming with the lifting of lockdown restrictions. Therefore, the growing demand for constructing residential and commercial buildings to support urbanization in the coming years is expected to contribute to the recovery of the coated flat glass market in Europe during the forecast period.
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The coated flat glass market share growth by the residential buildings segment will be significant during the forecast period. The declining size of households across the world and the increasing interest in residential projects in urban areas will support the growth of the residential building and construction industries in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the coated flat glass market size and actionable market insights on post COVID-19 impact on each segment.
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Coated Flat Glass Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.31% |
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Market growth 2022-2026 |
$ 21.80 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
6.52 |
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Regional analysis |
Europe, APAC, North America, South America, and Middle East and Africa |
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Performing market contribution |
Europe at 38% |
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Key consumer countries |
US, China, UK, France, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Asahi India Glass Ltd., Cardinal Glass Industries Inc., Central Glass Co. Ltd., Compagnie de Saint Gobain SA, DBs Glass and Glazing, Etex NV, Euroglas GmbH, Fuso Glass India Pvt. Ltd., Fuyao Glass Industry Group Co. Ltd., Hesse GmbH and Co. KG, Koch Industries Inc., Nippon Sheet Glass Co. Ltd., Phoenicia Flat Glass Industries Ltd., Press Glass Holding SA, PT Mulia Industrindo Tbk, SCHOTT AG, Taiwan Glass Ind. Corp., Turkiye Sise ve Cam Fabrikalari AS, Xinyi Solar Holdings Ltd., and Zhuzhou Kibing Group Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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