Flat Glass Coatings Market: A Guide to Competitive Landscape, Key Country Analysis, state funding initiatives

Market Overview

Flat glass, also known as sheet glass or plate glass, is a class of glass that is produced in plane form and most commonly used in windows, doors, mirrors, automotive glass, and solar panels, among others. Coatings are applied to flat glass to impart properties such as self-cleaning, corrosion resistance, dirt and water resistance, and energy efficiency and to enhance 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.

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According to MRFR analysis, the global flat glass coatings market was valued at USD 1 billion in 2017 and is projected to grow at a CAGR of over 12% during the assessment period. The rising demand for flat glass in commercial, as well as residential buildings along with its rising application in the solar industry, are expected to be the major factors driving the growth of the global market. Moreover, the increasing use of flat glass coatings in the automotive industry is also expected to positively contribute to the growth of the flat glass coatings market. However, stringent regulations pertaining to the use of solvent-based flat glass coatings are expected to be a major factor hampering the growth of the global market.

The polyurethane resin segment is anticipated to register the highest CAGR during the forecast period. Polyurethane resins offer benefits such as durability, high gloss, high strength, and easy to clean which makes them suitable for high-performance applications.

Global Flat glass coatings Market, by Application, 2017 (%)

Regional Analysis

The global flat glass coatings market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The market in Asia-Pacific is estimated to be the largest and fastest-growing during the forecast period. Rising government spending on the development of infrastructure in the region and increasing automobile production are the major factors contributing to the growth of the market. The North American flat glass coatings market was the second-largest in 2017 and is expected to remain so during the review period. The presence of major automobile manufacturers and the growing demand for green commercial buildings in the region have led to a surge in the use 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.

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 on application, the global flat glass coatings market has been segmented into solar power, mirror, architectural, automotive and transportation, and others.

On the basis of region, the market has been segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East and 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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Intended Audience

Flat glass coatings manufacturers
Traders and distributors of flat glass coatings
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratories

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This release was published on openPR.