Saint Gobain's Enhanced Insulation Properties Help Them Gain A Significant Market Share In The Coated Glass Industry. Global Coated Glass Market To Reach USD 48.17 Billion By 2027

Saint Gobain's Enhanced Insulation Properties Help Them Gain A Significant Market Share In The Coated Glass Industry. Global Coated Glass Market To Reach USD 48.17 Billion By 2027

PR Newswire

NEW YORK, July 20, 2020

- The growing demand of the coated glass in the construction sector and the increased application in Architectural, infrastructure will boost the market growth

-Market Size – USD 25.51 Billion in 2019, Market growth- CAGR of 8.3%

NEW YORK, July 20, 2020 /PRNewswire/ -- The global coated glass market size is expected to reach USD 48.17 Billion by 2027, registering a revenue-based CAGR of 8.3% over the forecast period, according to a new report by Report and Data. The market is mainly driven by the growth of the building and construction sector and the rising emphasis on green buildings across the globe.

Reports And Data

As per the Glass Association of North America, glass is coated to meet explicit prerequisites, for instance, advancement in thermal and solar performance, advancement in the visibility, and to change the surface features without modifying the structure. The products offer to improve energy productivity in contrast with normal variation of the product. It helps in improving protection, sunlight-based control, and hydrophobic properties. The product is utilized for both practical and ornamental purposes.

The soft coated segment dominated the sector in 2019. The products are characterized by increasingly prominent light transmission and higher optical transparency when contrasted with hard-coated items. These previously mentioned properties assume a key job for the prevailing offer held by this section as far as volume in the worldwide market.

Regarding application, the engineering fragment dominated the industry in 2019. The product is utilized in business just as private structures to keep the inside cool in a hot atmosphere by mirroring the outside warmth while permitting the most extreme transmission of noticeable light. Moreover, the item is utilized in colder atmospheres to keep within a structure warm by re-emanating the warmth originating from inside.

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The Asia Pacific dominated the global industry in 2019. China held the highest share in the region while developing economies, for instance, India and nations in Southeast Asia, are assessed to observe worthwhile development over the coming years. The advancement of the building and construction segment is attributed to quick industrialization in the area and is relied upon to assume a significant role in driving industrial growth.

Impact of COVID19

COVID-19 has impacted the market negatively. The weakened consumer demand for many products due to the imposition of lockdown and social restrictions will have a negative impact on the products of this industry as well, but for a shorter duration of time. The business has been slower for both construction developers as well as automobile manufacturers, but, working on the assumption that the government will implement the appropriate quantitative easing measures to boost the development of these industries, the impact will likely be short-term instead of resulting in a crisis. Due to the current severe pandemic situation globally, the outlook is not clear yet. The construction supply chain is highly impacted, generating project slippage and extra costs. Enhanced focus on worker safety and increased cost pressure could accelerate the move to offsite construction methods. Thus, due to these uncertain situations, this industry will be slower for a brief period but is expected to gain momentum by the end of 2021.

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Future key findings of the report

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Product Type (Revenue, USD Million; 2017-2027 and Volume, Kilo Tons; 2017-2027)

Application Outlook (Revenue, USD Million; 2017-2027 and Volume, Kilo Tons; 2017-2027)

End Use Industry Outlook (Revenue, USD Million; 2017-2027 and Volume, Kilo Tons; 2017-2027)

Regional Outlook (Revenue, USD Million; 2017-2027 and Volume, Kilo Tons; 2017-2027)

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