Flat Glass Coatings Market trends | Share, Research, Analysis, Growth, and Forecast 2020 – 2027
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 2018 to 2023. According to a report
published by Market Research Future (MRFR), the global Flat Glass Coatings Market Trends reached
a valuation of USD 1 billion in 2017 and is anticipated to grow at a CAGR of
over 12% 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
What
Is Flat Glass 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 trends 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 trends 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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