Coated Flat Glass Market Projected to Gain Significant Value by 2018-2023

The global market for coated flat glass should grow from $28.8 billion in 2018 to reach $38.2 billion by 2023 at a compound annual growth rate (CAGR) of 5.8% for the period of 2018-2023.

Summary

Coating is applied to the glass to enhance its appearance and impart advanced properties such as scratch resistance, corrosion resistance, self-cleaning, solar protection and special transmission/reflection/absorption properties. In addition, coated flat glass reduces energy consumption and carbon dioxide emissions from buildings and automobiles by reflecting the heat energy from entering into buildings and vehicle cabins through windows.

Although the market for coated flat glass is threatened by high raw material prices, the market continues to grow with rising demand from North America, Europe and developing countries. Global economic recovery and increasing construction activities across the globe, rising personal income, increasing vehicle sales and increasing demand for solar glass are driving the coated flat glass market. The coated flat glass market finds its main applications in residential buildings, commercial buildings, automotive, solar and other applications. Among all the applications, commercial and residential buildings account for more than REDACTED share of the global coated flat glass market in 2017. This share is expected to remain flat through 2023.

Coated flat glass is widely used to contrive a natural environment inside buildings. As an important component in buildings, it is used for decoration and interior aesthetics along with its other practical features. Coated flat glass provides safety, security, privacy and minimizes noise.