Functional Glass Coatings Market is Likely to Reach US$ 2,052.1 million Over the Next Five Years

Stratview Research has launched a new research report on Functional Glass Coatings Market in five ways to provide a 360-degree holistic view.
The forecast of the market has been segmented by-
• by End-User Type: (Architectural Glass, Automotive Glass and Others)
• By Application Technique Type: (Pyrolytic Coating, Sputtered Coating and Others)
• By Coating Type: (Low-E Coatings and Specialty Coatings)
• by Region
o North America
o Europe
o Asia – Pacific
o Rest of the World

The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Functional Glass Coatings Market.
Years considered for this report -
• base year 2018
• trend period 2012 - 2017
• forecast period 2018 - 2023

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The Functional Glass Coatings Market: Highlights
The functional glass coatings market is forecasted to grow at an impressive rate over the next five years to reach an estimated value of US$ 2,052.1 million in 2023. The overall coatings market for glass applications has undergone a remarkable transition over a period of time with changing roles from protecting and decorating a glass substrate to the new role, termed as functional glass coating. Increasing applications of glass in various sectors including architecture, automotive, food & beverage, consumer goods, and pharmaceuticals, along with a surge in the performance requirement of glass substrates to meet the requisite properties of different applications have given rise to the demand for functional glass coatings. Functional coating enhances or modifies the properties of glass substrate and offers several crucial properties, such as adhesion, wettability, chemical resistance, wear resistance, scratch resistance, gloss, hydrophobicity, self-cleaning, anti-static, anti-reflective, and anti-bacterial properties, to the glass substrate.

Performance of the functional glass coatings market is highly dependent on the glass industry, whose growth is aligned with the growth of architectural industry, automotive industry, and electricals & electronics industry. In a particular industry, glass products are used for different applications with the purpose to address different set of requirements. For instance, architectural applications require flat glasses for windows and facades that should be energy efficient, whereas the automotive industry requires flat glasses that should be highly resistant to ultraviolet and infrared radiations. Growing construction, automotive, and electrical & electronic industries in the emerging countries are intensifying the demand for advanced and smart glass products and so are functional coatings.

The global functional glass coatings market is segmented based on the end-user type as Architectural Glass, Automotive Glass, Display Panel Glass, Container Glass, and Others. Architectural glass is expected to remain the growth engine of the market during the forecast period of 2018 to 2023. Increasing building and infrastructure activities in developing economies coupled with increasing glass content in the building and infrastructure are the key factors, propelling the demand for functional coatings in the segment. Automotive glass, another segment with a considerable share, is likely to witness healthy growth rate over the next five years.

Based on the application technique type, the functional glass coatings market is segmented into Pyrolytic Coating, Sputtered Coating, Screen Printing, Spray Coating, Sol-Gel Coating, and Others. Pyrolytic coating is expected to maintain its dominance in the market during the forecast period, driven by its low-cost advantage and consistent performance. Pyrolytic coating and sputtered coatings are the two main technologies for applying Low-E coatings on a glass substrate.

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Based on the coating type, the functional glass coatings market is segmented into Low-E Coatings and Specialty Coatings. Specialty coatings segment dominated the market in 2017. Specialty coatings include various coating solutions, such as self-cleaning, anti-reflective, anti-microbial, anti-UV, anti-smudge, anti-fog, and transparent conductive coatings.

Based on regions, Asia-Pacific is expected to remain the largest functional glass coatings market during the forecast period. China, India, and Southeast Asia are the growth engines of the Asia-Pacific’s functional glass coatings market in the foreseeable future. North America and Europe are also likely to exhibit positive growth rates during the same period, driven by high production of vehicles and growing demand for energy-efficient buildings.

The supply chain of this market comprises raw material suppliers, functional glass coating manufacturers, glass manufacturers, distributors, and end-users. Major functional glass coating manufacturers are Asahi Glass Co., Ltd (AGC), Apogee Enterprises, Inc., Arkema, Ferro Corporation, Guardian Industries, ICD High Performance Coatings, Johnson Matthey, Nippon Sheet Glass Co., Ltd (NSG), Saint-Gobain S.A., and Vitro, S.A.B. de C.V. Development of high-performance functional glass coatings, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors.

Research Methodology
This report studies the market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
• Extensive secondary research,
• Rigorous primary interviews with more than 10 industry stakeholders across the value chain.
• Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
• More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

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