Global Market Insights, Inc. has launched a report on Coated Glass Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.
The revenue graph of coated glass market has been rather synonymous to the demand for energy efficiency globally. In fact, the hoopla created around this determinant has brought a tremendous transformation in the glass manufacturing process- from conventional to green approach. To support the sustainability march, both private and government entities are vigorously putting their efforts in research activities to come with advanced coating materials that save energy. In this regard, recently, it has come to fore that vanadium-coated smart glasses are capable of reducing energy consumption, by blocking any kind of thermal radiation from the glass shield.
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Growth drivers are
- North America: Growing demand for clean source of energy with enhanced usage of solar panels in buildings
- Europe: Technological advancement in automotive industry for convenient driving
- Asia Pacific: Increased usage of heat reflective glass in buildings
It is prudent to mention that coated glass market, despite encompassing a diversified application spectrum, has been anticipated to witness significant monetary returns from automotive sector. The substantially increasing product demand for automotive windshields, on virtue of its assistance in reflecting unwanted UV and IR radiation would be the pivotal factor contributing toward the growth of coated glass industry from this application. Another profound factor that has played its card in proliferating the market share is the expanding automotive manufacturing base across APAC belt, particularly China.
As per reliable estimates, out of the total 73.46 million passenger vehicles that were produced globally in the year 2017, approximately 25 million units got assembled in China. This astoundingly mammoth coverage is expected to generate a considerably massive product demand over the coming years. Reportedly, China coated glass market size is projected to register a CAGR of 7% over 2017-2024. India, on the other hand is forecast to record 6% CAGR over the same time period.
Elaborating further, this groundbreaking innovation for energy saving in smart glass was brought forth recently by renowned Vancouver-based VanadiumCorp Resource. Quite ironically, vanadium defies the conventional law of science which states that good conductors of electricity are mostly good conductors of heat as well. In fact, according to Lawrence Berkeley National Laboratory and U.S. Department of Education, the thermal conductivity of vanadium is ten times smaller than what could be expected from traditional Wiedemann-Franz Law.
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Pertaining to this unique blend of properties, vanadium coated glass avoids infrared radiation from entering into the building during summer and prevent heat loss during winter. With numerous green building projects across the globe, vanadium dioxide coated glass is deemed to be the next disruptive trend in coated glass industry.
The appreciable efforts undertaken by the automakers toward bringing upgradation in vehicular design, would undeniably open new growth avenues for coated glass market over the coming years. In fact, the hard coat glass industry size from automotive windshields is anticipated to record a y-o-y growth rate of 4.5% over 2017-2024.
Partial Chapter of the Table of Content:
Chapter 2. Executive Summary
2.1. Coated glass market 3600 synopsis, 2017 –2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Regional trends
Chapter 3. Coated Glass Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
220.127.116.11. Company name
18.104.22.168. Regional presence
3.3.2. Distribution channel analysis
3.4. Technology landscape
3.5. Raw material analysis
3.5.1. Soda ash
3.5.3. Natural gas
3.6. Regulatory landscape
3.7. Pricing analysis
3.7.1. Regional Pricing
22.214.171.124. North America
126.96.36.199. Asia Pacific
3.7.2. Cost structure analysis
188.8.131.52. Raw material breakup (% range)
184.108.40.206. Annual production cost (% range)
3.8. Industry impact forces
3.8.1. Growth drivers
220.127.116.11. North America: Growing demand for clean source of energy with enhanced usage of solar panels in buildings
18.104.22.168. Europe: Technological advancement in automotive industry for convenient driving
22.214.171.124. Asia Pacific: Increased usage of heat reflective glass in buildings
3.8.2. Industry pitfalls & challenges
126.96.36.199. High production cost
188.8.131.52. Environmental impact on glass durability
3.9. Innovation & sustainability
3.10. Growth potential analysis, 2016
3.10.1. Emerging business models
3.11. Porter’s analysis
3.11.1. Buyer’s power
3.11.2. Supplier’s power
3.11.3. Threat of substitutes
3.11.4. Threat of new entrants
3.11.5. Degree of competition
3.12. Competitive landscape, 2016
3.12.1. Strategy dashboard
3.13. PESTEL analysis
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However, as like any other business vertical, coated glass market is also vulnerable to an array of daunting challenges, supply demand gap in the availability of chief raw materials being at the pinnacle. Add to it, with high transportation and infrastructural cost, the profit market further squeezes. Nonetheless, the rising awareness toward cleaner energy sources in tandem with governmental backing regarding the same, is expected to bring a renewed dynamism in coated glass industry. In terms of commercialization, Global Market Insights, Inc., forecasts overall coated glass market size to exceed a valuation of USD 24.5 billion by 2024.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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