Coated Glass Market Revenue Drivers, Growth Opportunities, Value Chain Analysis and Forecast Research Report, 2027
“The coated glass market size across the globe was accounted for USD 29.2 billion in 2019. It is expected to witness growth with an 8.8% CAGR over the forecasted years, 2020 to 2027.”
The global coated glass market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. Market Overview: The global coated glass market size is anticipated to reach USD 57.3 Billion until 2027. It is anticipated to register growth with 8.8% CAGR during the forecasted period, 2020 to 2027. This growth can be associated with increasing awareness regarding the construction of green buildings for proper air and light ventilation. The soft segment of coating registered fastest CAGR of 9.3% from 2020 to 2027 on account of its feature reducing the transmission of U.V. radiation by 70%. The hard type coating segment gains an advantage over soft coating due to less cost of production. The application segment of architecture dominated the global market with a share of 92.5% due to rising awareness about global warming, energy efficiency, and increasing green building construction. On the other hand, the automotive application segment held second-largest share owing to several initiatives being undertaken by governing bodies for the usage of such glasses in automobile manufacturing. The coated glassmarket includes key players such as AGC Inc.; Vitro; CEVITAL GROUP; Nippon Sheet Glass Co., Ltd; and Saint-Gobain S.A. These players are engaged in product development and innovation to gain a competitive advantage over other players. Also, several marketing strategies like capacity expansion, mergers, and acquisitions are being carried out by these manufacturers to widen their product reach and product portfolio.