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Glass Coatings Market Trends, Opportunities & Growth Forecast during 2018-2028 // TOP Industry Players - 3M Company, AkzoNobel N.V, Hempel A/S, Jotun A/S
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Glass coatings contain particles of silicon dioxide along with hard resin and are used to repel contamination and maintain the aesthetic appearance of various objects. They are not made of glass but contain silica, which is used in the making of glass. Glass is basically made of various materials such as sodium, calcium, silica, alumina, magnesium and potassium. Glass coatings, on the other hand, are made of fluorine, silica, silicon and titanium. Glass coatings, upon application, enhance longevity – the lifespan of glass coatings ranges between six months and two years in typical working environments. Glass coatings are extensively used for the purpose of surface protection and to enhance the appearance of objects in various industries such as automotive, aerospace, household products, building and construction and others.
Glass coatings are expensive and often pose threats due to toxic ingredients such as aladdin double shield, Sio2, modesta BC-04 and TIB chemical. On the basis of material, there are two types of glass coatings, namely Polyurethane (PU) glass coatings and stoving glass coatings. PU glass coatings are used during the finishing process of glass substances. These glass coatings are available in transparent, frost and opaque finishes and are widely used in glass surface applications such as in glass bottles for liquor and fancy lights.
Stoving glass coatings are single-coating products available in transparent, frost and opaque finishes, mostly used for industrial applications. Glass coatings are used in various industries such as marine, aviation, aerospace, household products, automotive and various others. They utilize two coating techniques, namely liquid glass coating and nano glass coating. Based on application, glass coatings can be divided into two categories, namely non-industrial and industrial. The advanced properties of glass coatings include enhanced scratch resistance, long lasting durable protection and substantial resistance to water, ice and snow. Glass coatings also provide corrosion resistance, UV protection and self-cleaning properties.
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The global glass coatings market is projected to witness significant growth during the forecast period, owing to the increasing demand for glass coatings from various industries such as automotive, aerospace, marine, aviation, building and construction. The demand for glass coatings is expected to increase in the automotive industry, due to the increase in the sales, repair and maintenance of vehicles. The rise of various industries such as aviation, automotive, building and construction in developed and developing countries such as the U.S., Germany, India, Japan and China is anticipated to be one of the major driving factors for the global glass coating market.
Technological advancement and research and development activities are creating new opportunities for major players in the global glass coatings market. Decreasing carbon emission, increasing energy storage and optical effect are some of the factors positively affecting the global glass coatings market.
The North America glass coatings market accounted for a prominent share in terms of revenue generation in 2017. It is anticipated to further grow significantly, due to the increasing demand for automotive, aerospace, building and construction industries. Europe is projected to emerge as the prominent region in terms of revenue generation in the glass coatings market by 2028, owing to the growing demand from aerospace, marine, aviation, automotive, building and construction industries. Attributing to industrial growth, increasing standard of living and infrastructure development in India, China and other parts of Asia Pacific, the glass coatings market in these regions is expected to witness strong growth during the forecast period. Africa, Latin America and Middle East are also pegged to be potential markets for glass coatings.
Examples of some of the major participants identified in the glass coatings market include,
3M Company
AkzoNobel N.V
Axalta Coating Systems LLC
Chemicals Pvt Ltd, CCM GmbH
Deutsche Amphibolin Works Se (DAW)
Hempel A/S
Jotun A/S
Nano-Care Deutschland AG
Nippon Paint Company Ltd
PPG Industries Inc.
Premium Coatings
The Sherwin-Williams Company
Valspar Corporation
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters.
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
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