Functional Glass Coatings Market for the Automotive Industry to reach US$ 399.5 million during the coming years (2019-2024)

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Functional Glass Coatings Market for the Automotive Industry, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Functional Glass Coatings Market for the Automotive Industry.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2019-2024.
The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?

These questions and many more, big and small, are all discussed in the report in great detail.

Functional Glass Coatings Market for the Automotive Industry: Highlights
There are a host of factors burgeoning the demand for functional coatings for automotive glass applications. The biggest driving factor among all is an organic growth of automobile production. Currently, the global automobile production has been at its peak with all four regions marking overall positive developments in the production of automobiles. China, India, Southeast Asia, and North Africa will fuel the growth of the automotive industry in the coming five years. It is very important for the functional coating manufacturers to realign themselves based on the shifting opportunities from the developed economies to the developing economies including China and India.

The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.

Dissection by Segments
• By Vehicle Type : Passenger Car, LCV, M&HCV
• By Application Type : Windshield, Sidelite, Backlite, Sunroof
• By Material Type : Black Glass Enamel, Glass-Ceramic Enamel, and Others
• By Glass Type : Laminated Glass, Tempered Glass
• By Process Type : IR Drying, UV Curing
• By Media Type : Oil-based Coatings, Water-based Coatings
• By Region : North America, Europe, Asia-Pacific, and RoW

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The Growth Prognosis & its Drivers
The global functional glass coatings market for the automotive industry is projected to reach an estimated value of US$ 399.5 million in 2024. Over the next five years, the growth prospects of the functional glass coatings market for the automotive industry seem promising with a plethora of opportunities across regions for both existing as well as new players. The development of more innovative solutions is an indispensable focus area for the industry players, manufacturing functional coatings, due to the changing customer needs with evolving trends, rapid transformation in vehicle design and technologies, and intense market competition.

Market Segments
The global functional glass coatings market for the automotive industry is segmented based on vehicle type as Passenger Car, LCV, and M&HCV. The passenger car is expected to remain the growth engine of the global functional glass coatings market during the forecast period of 2019 to 2024.

Based on the application type, the functional glass coatings market for the automotive industry is segmented as Windshield, Sidelite, Backlite, and Sunroof. Sunroof is expected to be the highest-growing segment in the functional glass coatings market for the automotive industry during the forecast period of 2019 to 2024, owing to an increasing size of the sunroof to cover the entire rooftop of the vehicle.

Based on the material type, the functional glass coatings market for the automotive industry is segmented as Black Glass Enamels, Glass-Ceramic Enamels, and Conductive Silver Paste.

Based on the glass type, the functional glass coatings market for the automotive industry is segmented into Laminated Glass and Tempered Glass. The laminated glass is also known as laminated safety glass as it provides safety to the driver and passengers during an incident of a vehicle.


Players
The supply chain of this market comprises raw material suppliers, functional coatings manufacturers, automotive glass manufacturers, distributors, and automotive OEMs. The key functional coating manufacturers are Ferro Corporation, ICD High Performance Coatings, Johnson Matthey Plc, Shenzhen Octopus Technology Co., Ltd, and SHINCERAMIC Co., Ltd. Development of high-performance functional coatings, expansion in untapped and growing markets, and execution of mergers & acquisitions strategy are the key strategies adopted by the major players to gain a competitive edge in the market.

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This release was published on openPR.