Latest News - Coated Flat Glass Market: Residential buildings are expected to lead the Application segment during 2024-2028

The Coated Flat Glass Market is being driven by Increasing demand for coated flat glass from automotive industry

The Coated Flat Glass Market is expected to grow at a CAGR of 6.8% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 20047.3 million. The coated flat glass market has experienced significant growth in the automotive sector due to the increasing demand for energy-efficient vehicles. This trend is driven by major automobile manufacturers like BMW, Audi, and Daimler, who have integrated coated flat glass into various components such as mirrors, windows, dashboard displays, and windshields. The unique energy-saving properties of coated flat glass make it an ideal choice for automotive applications, leading to its widespread adoption. As a result, the market for coated flat glass in the automotive industry is projected to expand substantially during the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

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

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for coated flat glass from automotive industry
• Recycling of glass waste material in glass manufacturing process
• Increasing residential and commercial construction activities

However, the market also witnesses some limitations, which are as follows:

• High cost of coated solar control glass
• Logistics: Hurdle for glass industry
• Energy-intensive industry

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Market Scope in Coated Flat Glass Market Research Report

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Research Analysis Overview

The Coated Flat Glass Market is experiencing significant growth due to the increasing demand for glass facades in various infrastructure sectors. This market caters to diverse applications such as defense infrastructure, government accommodation, commercial infrastructure, social infrastructure, and renewable energy. In the context of urbanization and infrastructural developments, the use of coated flat glass in buildings is becoming increasingly popular. Nano coatings, a key component of coated flat glass, are in high demand due to their unique properties. These coatings are applied using water-based technology or solvent-based technology and can be made from acrylic resin, epoxy resin, or polyurethane resin. The use of nano coatings in glass facades enhances their durability, resistance to weathering, and energy efficiency. Moreover, the demand for coated flat glass is not limited to buildings alone. It is also extensively used in the transport sector for automotive glass and in the renewable energy sector for solar panels. Green initiatives and architectural beauty are also driving the market for decorative and mirror coatings in the areas of kitchenware, cosmetics, and solar energy. Overall, the Coated Flat Glass Market is poised for growth, driven by the increasing demand for glass facades and the versatility of coated glass in various applications.

Market Research Overview

The coated flat glass market is a significant segment of the larger global construction materials industry. This sector encompasses companies and manufacturers dealing in the production of sand, clay, gypsum, lime, aggregates, cement, concrete, bricks, and other construction materials. The combined revenue generated by providers of chemicals, construction materials, containers and packaging, metals and mining, and paper and forest products also falls under the construction materials market umbrella. Notable growth drivers for this market include the burgeoning building and construction industry, which has experienced substantial expansion over the past few years and is projected to continue this trend. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/