Coated Flat Glass Market Analysis Europe, APAC, North America, South America, Middle East and Africa - US, UK, China, France, Germany - Size and Forecast 2024-2028

Coated Flat Glass Market Size 2024-2028 

The coated flat glass market size is forecast to increase by USD 20.05 billion at a CAGR of 6.8% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand from various sectors, including the automotive industry and corporate buildings. In the automotive sector, the adoption of coated flat glass is increasing due to its superior features such as improved thermal insulation, enhanced safety, and reduced weight.

The electronics manufacturing sector is also witnessing an increase in demand for coated flat glass due to the integration of nano-based technology. Additionally, the construction industry is utilizing coated flat glass in amusement parks, hotels, hospitals, and schools for energy efficiency and aesthetic appeal. However, the high cost of coated solar control glass is a major challenge limiting market growth. Despite this, the market is expected to continue expanding due to the increasing demand for energy-efficient and sustainable building materials.

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The market is witnessing significant growth due to the increasing demand for mirror coatings in various industries such as beauty and cosmetics, architecture, decoration/kitchen, and solar energy. Mirror coatings provide enhanced reflectivity and durability, making them an ideal choice for these applications. In the architecture sector, the use of coated flat glass in building facades is increasing due to the growing trend of sustainable and energy-efficient buildings. Polyurethane resin, epoxy resin, and acrylic resin are commonly used as coating materials in the flat glass industry. The market is witnessing a shift from solvent-based technology to water-based technology due to the environmental benefits of the latter.

Moreover, nano coatings are also gaining popularity due to their unique properties, such as self-cleaning and anti-reflective capabilities. The growth of the market is driven by infrastructural developments, urbanization, and government initiatives towards green buildings, renewable energy, social infrastructure, commercial infrastructure, government accommodation, and defense infrastructure. The market is expected to grow further due to the increasing demand for transport infrastructure and the adoption of solar energy in various applications.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Application
  • Residential buildings
  • Commercial buildings
  • Automotive
  • Solar
  • Others
• Type
  • Low-e glass
  • Solar control glass
  • Self-cleaning glass
• Geography
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
  • North America
    • US
  • South America
  • Middle East and Africa

By Application Insights

The residential buildings segment is estimated to witness significant growth during the forecast period. Coated flat glass is a type of glass that undergoes various treatments to enhance its properties, primarily used for window and door panels in both residential and commercial buildings. The application of coated flat glass offers significant benefits, including the control of light, heat, and radiation transmission. This feature is particularly advantageous in structures located in extreme climates, making it a cost-effective solution compared to traditional buildings made of wood and brick. Moreover, the use of coated flat glass extends beyond building applications. It is increasingly being adopted in interior decoration and furniture manufacturing due to its durability and aesthetic appeal.

Moreover, furniture pieces such as dining tables, coffee tables, and wardrobe doors are now being produced using coated flat glass. Two primary technologies are used in the production of coated flat glass: solvent-based and water-based. Nano coatings, a recent innovation in the industry, have gained popularity due to their superior performance and environmental friendliness. The nano coatings market is expected to grow significantly due to the increasing demand for energy-efficient and sustainable building materials. In summary, coated flat glass is a versatile and valuable building material that offers numerous benefits, including energy savings, durability, and visual appeal. Its application spans across various industries, including buildings and furniture, and is produced using advanced technologies such as solvent-based, water-based, and nano coatings.

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The residential buildings segment accounted for USD 20.21 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

Europe is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market is witnessing significant growth due to the increasing demand for energy-efficient buildings in Europe, which holds the largest revenue share. Europe's advanced technological adoption in construction, particularly in Western European countries, drives the market's growth. The region's focus on constructing large commercial and residential buildings is a primary factor fueling the demand for coated flat glass. This advanced material is used to conserve daylight and reduce energy consumption, making it an essential component in the construction of energy-efficient buildings. Two common technologies used in coated flat glass production are Solvent-based and Water-based. Additionally, the Nano coatings market is gaining traction due to its unique properties, such as self-cleaning and solar control, further expanding the application scope of coated flat glass in the construction industry. Urbanization and infrastructural developments are other significant factors contributing to the market's growth.

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Market Driver

Increasing demand for coated flat glass from automotive industry is the key driver of the market. Coated flat glass is experiencing significant demand in various industries, particularly in mirror coatings for beauty and cosmetics, architecture, decoration and kitchen applications, solar energy, and the automotive sector. In the automotive industry, coated flat glass is increasingly used as a replacement for metal components in convertible sunroofs and as a lightweight material for exterior and interior applications.

Furthermore, this trend is driven by the global automotive industry's shift towards producing fuel-efficient and environmentally-friendly vehicles, as countries implement stricter regulations on vehicle emissions to combat air pollution. Major automotive manufacturing countries, including China, Germany, India, France, Italy, South Korea, Japan, and the US, utilize coated flat glass in the production of both passenger cars and commercial vehicles.

Furthermore, coated flat glass is available in various types, including those coated with polyurethane resin, epoxy resin, and acrylic resin, to meet the specific requirements of different applications.

Market Trends

Increasing applications in automotive sector is the upcoming trend in the market. Coated flat glass plays a significant role in various industries, including automotive, architecture, beauty and cosmetics, and solar energy. In the automotive sector, mirror coatings are extensively used in rearview mirrors, side mirrors, and sunroofs for improved visibility and energy efficiency. The increasing demand for energy-saving vehicles has led to an increase in the use of coated flat glass in this industry. Automobile manufacturers like BMW, Audi, and Daimler are incorporating this advanced glass technology into their products, setting a trend for others to follow. In the realm of architecture, coated flat glass is used for decorative purposes and as insulation material in buildings.

Moreover, the use of coated flat glass in kitchens and other decorative applications is on the rise due to its aesthetic appeal and durability. Furthermore, the solar energy industry utilizes coated flat glass for photovoltaic applications to enhance energy absorption and conversion efficiency. Coated flat glass is manufactured using various types of resins such as polyurethane resin, epoxy resin, and acrylic resin. These resins provide the necessary durability and strength to the glass while maintaining its transparency and reflectivity. The market is expected to grow significantly during the forecast period, driven by the increasing demand for energy-efficient and sustainable glass solutions across various industries.

Market Challenge

High cost of coated solar control glass is a key challenge affecting the market growth. Coated flat glass, which includes mirror coatings, plays a significant role in various industries such as beauty and cosmetics, architecture, decoration/kitchen, and solar energy. The manufacturing process of coated solar control glass involves high-temperature activities, utilizing a substantial amount of energy.

Moreover, natural gas is primarily used to heat furnaces for melting raw materials, contributing significantly to the production cost. Moreover, these glass products are coated with additional layers of polyurethane resin, epoxy resin, or acrylic resin to enhance their resistance to rust, temperature variations, seismic forces, water, and air. Despite the high energy consumption and production costs, coated solar control glass remains a preferred choice due to its superior properties and applications.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Asahi India Glass Ltd. - The company offers coated flat glass such as AIS Clear Float Glass and Tinted Glass.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Cardinal Glass Industries Inc.
• Central Glass Co. Ltd.
• Compagnie de Saint Gobain
• DBs Glass and Glazing
• Etex NV
• Euroglas GmbH
• Fuso Glass India Pvt. Ltd.
• Fuyao Glass Industry Group Co. Ltd.
• Hesse GmbH and Co. KG
• Kibing Group
• Koch Industries Inc.
• Nippon Sheet Glass Co. Ltd.
• Phoenicia Flat Glass Industries Ltd.
• Press Glass Holding SA
• PT Mulia Industrindo Tbk
• SCHOTT AG
• TURKIYE SISE VE CAM FABRIKALARI A.S.
• Taiwan Glass Ind. Corp.
• Xinyi Solar Holdings Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The market is witnessing significant growth due to the increasing demand for energy-efficient and aesthetically pleasing glass solutions in various industries. The market is driven by the construction sector, with applications in buildings, infrastructural developments, urbanization, and green initiatives. Flat glass is increasingly being used for glass facades, offering benefits such as light transmission, thermal insulation, and solar heat modulation. Nano coatings, including those based on polyurethane resin, epoxy resin, and acrylic resin, are gaining popularity due to their superior properties. Solvent-based technology and water-based technology are the two primary coating technologies used in the market. The adoption of nano-based technology is expected to grow due to its environmental benefits and improved performance.

Furthermore, the market is also witnessing growth in sectors such as transport, renewable energy, social infrastructure, commercial infrastructure, government accommodation, defense infrastructure, and the automotive sector. Applications include solar energy, mirror coatings for beauty and cosmetics, decoration/kitchen, and mirror applications in corporate buildings, hotels, hospitals, schools, amusement parks, and smart mirrors. The market is also witnessing growth in the electronics manufacturing sector for various applications. The market faces challenges such as logistic costs, procurement hassles, and raw material prices. Additionally, the increasing focus on reducing CO2 emissions is driving the adoption of water-based coatings and eco-friendly manufacturing technologies. The market is expected to continue its growth trajectory, driven by the increasing demand for energy-efficient and aesthetically pleasing glass solutions.

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What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across Europe, APAC, North America, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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