Global Coated Glass Market Size to worth USD 94.01 Billion by 2033: Market Insight Report

Global Coated Glass Market Size to worth USD 94.01 Billion by 2033

According to a research report published by Spherical Insights & Consulting, the Global Coated Glass Market Size is Expected to Grow from USD 37.91 Billion in 2023 to USD 94.01 Billion by 2033, at a CAGR of 9.51% during the forecast period 2023-2033. 

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Coated Glass Market Size, Share, and COVID-19 Impact Analysis, By Coating (Hard and Soft), By Application (Architectural, Automotive, and Optical), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.          

Coated glass refers to the glass surfaces, treated with a thin layer of material, such as metal oxide, to improve certain properties like optical performance, durability, and energy efficiency. These coatings are done using different methods, such as sputtering, chemical vapor deposition, or sol-gel techniques. The applications for coated glass cover many sectors, including construction, automotive, electronics, and solar energy. The coatings therefore give solar control benefits, UV protection, glare reduction, and improved thermal insulation, basically ensuring it is an indispensable part of energy-efficient buildings and sophisticated electronic appliances. Furthermore, the coated glass market is driven by an increase in demand for energy-efficient and sustainable building materials. Increasing global energy efficiency standards increases the demand for glass contributing to thermal insulation and solar control rise. The automotive industry's focus on fuel efficiency, with a demand for lightweight, energy-saving materials, is further driving the market growth. However, high production costs associated with coating technologies and materials are a challenge to the market growth. Moreover, the complexity of the application and the requirement of specialized equipment limit adoption, especially in emerging markets.

The hard segment is predicted to hold the greatest market share through the forecast period.

Based on the coating, the coated glass market is classified into hard and soft. Among these, the hard segment is predicted to hold the greatest market share through the forecast period. This is attributed to the better durability and scratch resistance provided by hard coatings. Hard-coated glass is widely applied in applications that require higher strength and resistance to wear, including architectural windows, automotive windshields, and electronic devices. The ability of hard coatings to withstand harsh environmental conditions while maintaining optical clarity and performance makes them highly sought after in industries focused on durability and long-term performance.

The architectural segment is anticipated to hold the greatest market share during the projected timeframe.    

Based on the application, the coated glass market is divided into architectural, automotive, and optical. Among these, the architectural segment is anticipated to hold the greatest market share during the projected timeframe. This is attributed to the growing demand for energy-efficient, sustainable, and high-performance building materials. Coated glass is widely used in the construction industry for applications such as windows, facades, and skylights, as it provides significant benefits in terms of thermal insulation, solar control, UV protection, and glare reduction. The increasing focus on green buildings and energy-efficient designs, along with stricter regulations on energy consumption in construction, is driving the adoption of coated glass in architectural applications.

Asia-Pacific is estimated to hold the largest coated glass market share over the forecast period.

Asia-Pacific is estimated to hold the largest coated glass market share over the forecast period. This is mainly on account of rapid industrialization, urbanization, and increased emphasis on energy-efficient construction in these countries. The APAC region has a significant requirement for coated glass in architectural applications due to the rising construction of residential, commercial, and infrastructure projects. Furthermore, the automotive industry is further expanding in this region. This includes China and India which are also increasing the requirement for coated glass.

North America is predicted to have the fastest CAGR growth in the coated glass market over the forecast period. This growth is driven by increasing demand for energy-efficient and sustainable building materials, particularly in the architectural sector, where coated glass is used for its thermal insulation and solar control properties. Stringent energy regulations and building codes in countries like the United States and Canada are further promoting the adoption of coated glass in both residential and commercial construction.

Competitive Analysis

Major key players in the coated glass market are AGC Inc., Central Glass Co. Ltd., CEVITAL GROUP, China Glass Holding, Ltd., Euroglas, Fuyao Glass Industry Group Co., Ltd., Guardian Industries, Nippon Sheet Glass Co., Ltd., Saint-Gobain, SCHOTT AG., and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In November 2023, Nippon Sheet Glass Co., Ltd. opened a new production line of solar glass in Malaysia when it started its operation. An existing production line has been converted into a TCO glass, or transparent conductive oxide, production line. This coated solar glass forms a part of the company's strategy toward renewable energy and solving global environmental problems.

Market Segment

This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the coated glass market based on the below-mentioned segments:

Global Coated Glass Market, By Coating

• Hard
• Soft

Global Coated Glass Market, By Application

• Architectural
• Automotive
• Optical

Global Coated Glass Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa