Flat Glass Coatings Market is Projected to Grow at a CAGR of 20.30% Over 2030

Pune, India, May 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Flat Glass Coatings Market.  

Market Highlights

Flat glass, also known as sheet glass or plate glass, is a type of glass that is produced in plane form and most frequently used in windows, mirrors, automotive glass, doors, and solar panels, among others. Coatings are applied to flat glass to enhance properties such as self-cleaning, dirt and water resistance, corrosion resistance, and energy efficiency and to improve the shelf life of the product. The flat glass coatings market is highly lucrative and is projected to exhibit tremendous growth during the forecast period of 2022 to 2030. According to a report published by Market Research Future (MRFR), the global flat glass coatings market reached a valuation of USD 13.38 billion in 2030 and is anticipated to grow at a CAGR of over 20.30% during the forecast period. Factors such as the increasing demand for flat glass in commercial, as well as residential buildings along with its growing application in the solar industry, are likely to be the key factors driving the growth of the global flat glass coatings market. furthermore, the increase in the usage of flat glass coatings in the automotive industry is also anticipated to contribute substantially to the growth of the flat glass coatings market. However, strict regulations pertaining to the usage of solvent-based flat glass coatings are predicted to be a major restricting factor to the growth of the global flat glass coatings market.

Segmental Analysis

The global market of flat glass coatings has been segmented on the basis of resin type, application, technology, and region.

Based on resin type, the market has been categorized as acrylic resin, polyurethane resin, epoxy resin, and others. mong these, the polyurethane resin segment is expected to record the highest CAGR during the forecast period owing to its benefits such as durability, high strength, high gloss, and ease in cleaning which makes them suitable for high-performance applications.   

Based on application, the global market for flat glass coatings has been segmented into the mirror, solar power, automotive and transportation, architectural, and others. Based on technology, the flat glass coatings market has been segmented into water-based, solvent-based, and nano-based.

Based on the region, the global market for flat glass coatings has been segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Key Players

The key market players in the global flat glass coatings market are Ferro Corporation (US), the Sherwin-Williams Company (US), Vitro (Mexico), Fenzi SpA (Italy), Arkema (France), Nano-Care Deutschland AG (Germany), CCM GmbH (Germany), Hesse GmbH & Co. KG (Germany), Tribos Coatings (International) Ltd (UK), Nippon Paint Company Limited (Japan), and Glas Trösch Holding AG (Switzerland).

Regional Analysis

The Asia-Pacific region is assessed to be the largest and fastest-growing region of the market during the forecast period, owing to influential factors such as the rising government expenditure on the expansion of infrastructure in the region and escalating automobile production. These factors are estimated to   drive the market substantially over the forecast period. The North American flat glass coatings market has been assessed as the second largest region and is expected to sustain its market position during the review period. The presence of major automobile manufacturers and the growing demand for green and ecofriendly commercial buildings in the region have led to a rise in the usage of flat glass coatings.

The market in the Middle East & Africa is also likely to exhibit steady growth owing to increasing construction in the region, over the forecast period, and is estimated to contribute significantly to the global market growth.

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