Reportlinker released the global coated glass report, and it is estimated that the global coated glass market will reach 53.1 billion US dollars by 2030.
Food and fuel inflation will remain an ongoing economic problem. Rising retail inflation will affect consumer confidence and spending. As governments fight inflation by raising interest rates, new job creation will slow and affect economic activity and growth. Capital spending is set to fall as business investment slows amid inflation concerns and weak demand. Developed markets appear to be entering a recession as economic growth slows and inflation rises. Concerns over the COVID-19 pandemic pose a real risk that the world faces more severe supply chain pain and manufacturing disruption this year. Volatile financial markets, rising trade tensions, a tougher regulatory environment, and pressure to mainstream climate change into economic decision-making will exacerbate the challenges ahead. 2023 is expected to be a difficult year for most markets, investors, and consumers.
The global coated glass market is estimated at US$33 billion in 2022 and is expected to reach US$53.1 billion by 2030, with a growth rate of 6.1% in 2022-2030. Offline-coated glass grew at a CAGR of 6.6% to reach USD 41.5 billion by the end of the analysis period. In-line coated glass growth will be readjusted to a revised 4.5% over the next 8-year period to take into account the continued post-pandemic recovery.
Figure 1 The coated glass pf global marketing 1
The U.S. coated glass market is expected to reach $9 billion in 2022. China is the second largest economy in the world, and the market size is expected to reach US$12 billion by 2030, with a CAGR of 10.1% between 2022 and 2030. Other notable geographic markets include Japan and Canada, which are expected to grow by 2.2% and 6.4%, respectively, during the 2022-2030 period. In Europe, Germany's compound annual growth rate is about 3.5%.
The companies covered by the report are AGC Inc., Cardinal Glass Industries, Central Glass, CEVITAL GROUP, China Glass Holdings, Euroglas, Fuyao Group, Jiadian, Banglass, Saint-Gobain, SCHOTT, Sisecam Group, Taiwan Glass, Vitro, S.A.B.DE C.V., Xinyi.
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