According to a new report by Global Market Insights, the world coated glass market will reach almost US$25 billion by 2024.
This is due to a number of factors says the report, such as the increasing demand for clean source of energy along with addition of better aesthetical value to the buildings, environmental concerns regarding CO2 emissions as well as consumer awareness towards energy efficient buildings.
The overall solar control glass market demand from construction applications will witness gains of over four percent during the projected timespan says the report.
These products are used in combination to create multi-functional glazing which results in noise reduction, low-maintenance, enhanced safety, security and overall higher aesthetic appeal.
They have a microscopically thin coating on one side of the glass which reflects the heat from the sun to the outside and keeps the interiors cooler, thereby enhancing the energy efficiency of the building and stimulating coated glass market growth.
Builders are also becoming more concerned towards safety, security, environmental protection and natural insulation in residential as well as commercial buildings, while the superior solar performance, absorption, transmission and reflection properties of the product along with increasing approach towards achieving greater energy efficacy of the buildings will also drive industry growth according to the report.
The prominent industry players in the coated architectural glass market include Guardian Industries, Sisecam Group, Saint-Gobain, Abrisa Technologies, Scheuten Glas, Pilkington Group and PPG Industries.