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Coated Glass Market Analysis by Drivers, Opportunities, Trends and Forecasts to 2024

Author : Rahul Varpe | Published Date : 2019-05-02 

Global Market Insights provides a detailed overview of Coated Glass market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Coated Glass market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

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.

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PCMs utilize latent heat of phase change for controlling temperature within a set range. Use of PCMs in as many applications as possible will reduce the demand for coolers and heaters and subsequently reduce energy consumption. By incorporating Coated Glass in applications such as building and construction, and HVAC, companies can earn 10-20 times more carbon credits compared to other greener insulating materials.

Rising population and better living standards of people along with stringent regulations pertaining to environmental issues initiated by EPA and REACH for construction projects, will drive coated glass market size. Safety regulations implemented by FEMA and LEED coupled with increasing middle class disposable income to buy luxurious vehicles, will further stimulate industry growth.

Increasing demand for clean source of energy along with addition of better aesthetical value to the buildings will drive coated glass market. Favorable government schemes along with growth in FDI funding in India and China has propelled the growth of construction and automotive industries in the region, thereby propelling product demand. Environmental concerns regarding CO2 emissions and consumer awareness towards energy efficient buildings will stimulate industry 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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Prominent industry players in coated glass market are:

  • Guardian Industries
  • Sisecam Group
  • Saint-Gobain
  • Abrisa Technologies
  • Scheuten Glas
  • Pilkington Group
  • PPG Industries

Shift in consumer trends towards energy efficient products along with growing demand for cleaner energy sources, will force manufacturers to develop and enhance product portfolio and take strategic initiatives to meet consumer demand.

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.

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.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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