Flat Glass Coatings Market - growth, trends, covid-19 impact, and forecasts (2022 - 2027)
The global flat glass coatings market has been segmented into five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia-Pacific accounted
for the majority of the market share in 2017 due to the high demand for flat
glass coatings in construction and automobile applications. The growing
personal disposable income in the region has augmented the demand for
automobiles, which, in turn, is positively contributing to the growth of the
market. Moreover, the rising energy requirement in the region has boosted the use
of solar energy to reduce the dependence on crude imports, which is also
projected to surge the demand for flat glass coatings. China and India are the
major markets for flat glass coatings in Asia-Pacific. North America accounted
for the second-largest market share in 2017 and is projected to show the same
trend during the forecast period. The European market for flat glass coatings
is expected to show steady growth during the forecast period. However, this may
be hampered by stringent environmental regulations for the VOC content in
coatings in the region.
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Segmentation
The
global flat glass coatings market has been segmented on the basis of resin
type, technology, application, and region.
On
the basis of resin type, the market has been categorized as polyurethane resin,
acrylic resin, epoxy resin, and others.
On
the basis of technology, the market has been segmented into solvent-based,
water-based, and nano-based.
Based
on application, the global Flat
Glass Coatings Market has been segmented into solar power, mirror,
architectural, automotive and transportation, and others.
By
region, the market is segmented into North America, Asia-Pacific, Europe, Latin
America, and the Middle East & Africa.
Key Players
Some of the
manufacturers operating in the global flat glass coatings market are Fenzi SpA
(Italy), Arkema (France), Ferro Corporation (US), Vitro (Mexico), the
Sherwin-Williams Company (US), Nippon Paint Company Limited (Japan), Nano-Care
Deutschland AG (Germany), Hesse GmbH & Co. KG (Germany), Tribos Coatings
(International) Ltd (UK), CCM GmbH (Germany), and Glas Trösch Holding AG
(Switzerland).
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