U.S. solar control coated glass market share from residential buildings will expand over US$50 million by the end of 2024 with increasing expenditure on household remodeling and renovation activities in the U.S along with promotion of renewable energy resources will fuel coated glass market growth.Brazil low emissivity coated glass market demand from automotive windshield will exceed US$55 million by 2024 as Fiat Chrysler Automobiles, Honda, Toyota, Volkswagen and General Motors are opening or expanding their automotive production facilities in the region to boost up the local economy.
Hard coated glass market demand from automotive windshield application will witness steady gains at over 4.5% by the end of forecast period. Increased usage of coated glass in windscreens to offer convenient driving during harsh weather conditions such as fog, ice, mud and rain will boost product demand. Soft coat glass market size will exceed USD 2.5 billion at the end of 2024. These products are also known as off-line coated glass and are used in double glazed units.
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Global Coated Glass Market size is set to surpass USD 24.5 billion by 2024 with expecting consumption above 19.5 kilo tons by 2024. Europe, with steady growth in Germany, UK and France coated glass market size will exceed 380 million square meters during the forecast period. Builders are more concerned towards safety & security, environmental protection and natural insulation in residential as well as commercial buildings. Superior solar performance, absorption, transmission and reflection properties of the product along with increasing approach towards achieving greater energy efficacy of the buildings will drive industry growth.
Solar control glass market demand from construction applications will witness gains at over 4% during the projected timespan. The products are used in combination to create multi-functional glazing which results in noise reduction, low-maintenance, enhanced safety & security and aesthetic appeal. They have a microscopically thin coating on one side of the glass which reflects the heat from the sun to the outside and keeps the interiors cooler, thereby enhancing the energy efficiency of the building and stimulating coated glass market growth.
Key raw materials such as soda ash, natural gas, and silica coupled with specialized chemical and mechanical are used in manufacturing coated glass. High production cost and environmental impact on glass durability may hamper coated glass market supply demand gap.
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Low-E coated glass market demand from commercial buildings may exceed USD 4 billion by 2024. The product offers low surface emissivity and helps in reduction of UV-value, thus it enhances energy efficiency of the buildings and minimizes CO2 emissions. Increased R&D spending and technological advancement in the product portfolio will surge industry growth.
India soft coat glass market size is likely to register significant gains close to 6% during the forecast timeline. Increasing construction projects along with styling flexibility, transmittance and reflection properties of these product will drive regional industry growth. The product offers thermal performance and neutral appearance similar to its counterparts, resulting into coated glass market demand.
China coated glass market size may witness gains close to 7% during the projected timeframe. Rise in construction expenditure owing to change in consumer lifestyles along with government initiatives such as National New Type Urbanization Plan has enhanced construction for both residential and commercial buildings.
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Prominent industry players in coated glass market are Guardian Industries, Sisecam Group, Saint-Gobain, Abrisa Technologies, Scheuten Glas, Pilkington Group and PPG Industries.
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