Functional Glass Coatings Market to reach US$ 2,052.1 million during the coming years (2018-2023)

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, 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.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2018-2023.
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.

The Functional Glass Coatings Market: Highlights
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 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 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 : North America, Europe, Asia-Pacific, and RoW

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The Growth Prognosis & its Drivers
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.

Market Segments
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.

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.

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.

Players
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.

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This release was published on openPR.