Coated Glass Market Size Analysis, Drivers, Restraints, Key Factors Forecast, 2021–2028
The global Coated Glass Market size is expected to reach USD 60.11 Billion in 2028 and register a revenue CAGR of 8.5% over the forecast period, according to the latest report by Reports and Data. Rapid growth in the construction industry and the need for the development of more energy-efficient buildings in order to reduce energy consumption are some key factors expected to drive market revenue growth during the forecast period. Residential and commercial structures account for nearly a third (32%) of the total electricity of a country. Countries such as India are introducing a revised version of the Energy Conservation Building Code (ECBC) in order to achieve a 50% reduction in energy use by 2030. The government is planning to make the new code mandatory such that the municipalities can use it legally. The ability of coated glass to reduce energy costs associated with the heat transfer that takes place through windows is projected to boost the revenue growth of the market during the forecast period. The microscopic coating on glasses makes windows more thermally efficient. The coating on the glassworks by minimizing the amount of infrared and ultraviolet light that can pass through the glass by reflecting it away thereby reducing radiant heat emissions. Increasing R&D activities for the production of transparent, bioinspired coatings enable the production of conventional glass tougher, self-cleaning, and incredibly smooth. These factors are expected to drive the growth of the market. New transparent, the bioinspired coating could be utilized to create scratch-resistant and durable lenses for eyeglasses, high-quality solar panels, and self-cleaning windows.
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The global materials & chemicals industry involves the production, distribution, sales, and consumption of industrial chemicals, specialty chemicals, commodity (bulk) chemicals, and raw materials such as natural gas, oil, paper & pulp, and metals & minerals. Growth of the global materials & chemicals industry is mainly attributed to fast-paced industrialization and extensive usage of bulk petrochemicals, electronic chemicals, polymers, inorganic chemicals, fertilizers, adhesives, sealants, coatings, and various other products in different industries including oil & gas, pharmaceutical, food & beverage, cosmetics & personal care, textile, manufacturing, petrochemical, and water, and wastewater treatment industries. Technological innovations in the electronics and semiconductor industries, rising demand for nanomaterials, and increasing preferences for environmentally sustainable chemicals and materials are other major factors contributing to the global materials & chemicals industry growth.
Leading Companies Profiled in the Report: Compagnie de Saint-Gobain S.A., AGC Inc., Guardian Industries, PPG Industries, Inc., Cardinal Glass Industries Inc, Nippon Sheet Glass Co., Ltd., Central Glass Co., Ltd., China Glass Holdings Limited, Sisecam Group, and Schott AG.
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Product Type Outlook (Revenue, USD Billion; 2018-2028)
Solar Control Panel
Application Outlook (Revenue, USD Billion; 2018-2028)
End-Use Industry Outlook (Revenue, USD Billion; 2018-2028)
Sports & Leisure
Aerospace & Defense
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Major Regions covered in the report:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Points Illustrated in the Regional Analysis:
Regional contribution to the overall market revenue
Forecast revenue share of each regional market
Vital information and data related to the production and consumption rates in all the regions
Factors driving the regional market growth over the forecast period
Leading products and application segments in each regional market
Presence of key market competitors in each of these regions
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