February 05, 2019
WELLESLEY, Mass., Feb. 05, 2019 – The global market for coated flat glass has been growing at a significant pace, in sync with the flat glass industry, for the past five years. According to the BCC Research report “Coated Flat Glass: Technologies and Global Markets,” 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 market. The market is expected to grow at a compound annual growth rate (CAGR) of 5.8%, reaching over $38.2 billion globally by 2023.
Growth in the coated flat glass market is further supported by end-user industries such as construction, automotive, solar, and others. The demand for flat glass in the architectural sector has also increased due to solar control efficiency and the excellent insulation properties that coated flat glass provides. In addition, fire resistance, abrasion and impact-resistance, weather and natural disaster resistance and high-quality manufacturing will sustain the demand for flat glass in the architectural sector over the next five years.
“The demand is increasing for high performance and efficient coated flat glass to reduce energy consumption and CO2 emissions,” said analyst Aneesh Kumar. “Due to stricter environmental regulations and building codes, the coated flat glass market will grow, mainly for sputtering coated and pyrolytic coated glass.”
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Coated Flat Glass: Technologies and Global Markets( AVM100C )
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