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Showing posts with the label Coated Glass Market

Global Coated Glass Market: Trends, Growth Drivers, and Forecast Analysis 2024-2030

The global  coated glass market  size is anticipated to reach USD 71.71 billion by 2030 and is anticipated to expand at a CAGR of 9.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Expansion of the solar industry supported by favorable government regulations is likely to contribute to the growth of the market.   Solar industry across the globe is anticipated to witness significant growth, especially in terms of capacity. Factors such as depletion of non-renewable resources, growing electricity demand, reductions in cost of solar installations, advancements in technology, and government regulations are propelling an increase in solar capacities. These factors are expected to play a vital role in penetration of coated glass in solar industry over the forecast period. China is estimated to be a key market for coated glass at a global level. China was the largest construction industry in Asia Pacific between 2017 and 2021. Construction has witnesse...

Coated Glass Market size is expected to reach USD 71.71 billion by 2030

  Coated Glass Industry Overview The global coated glass market size was valued at USD 32.32 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 9.3% from 2022 to 2030.   The rising penetration of green buildings and the need to improve energy efficiency and rising awareness associated with it are projected to benefit the market growth over the coming years. Coated glass is used in residential and commercial buildings to keep the inside rooms cool and allow maximum visible light. By reflecting the infrared energy, the temperature inside the building is cooler and therefore it reduces the dependence on air conditioning systems. The product is also used in colder regions, to maintain the warm temperature of the room. In the building & construction industry, coated glass is generally used in the form of insulated glazing units in façades and windows. As a result, the growth of the construction industry in the U.S. is predicted to benefit the ...