Functional Glass Coatings Market likely to reach an estimated value of US$ 2,137.0 million by 2024, as estimated by Stratview Research

Stratview Research in its recent report has offered an overlook of the current Functional Glass Coatings Market scenarios and has also estimated the Functional Glass Coatings Market size to reach an estimated value of US$ 2,137.0 million by 2024. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.
Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2019 – 2024, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.

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The performance of the functional glass coatings market is highly dependent on the glass industry, whose growth is aligned with the growth of the architectural industry, automotive industry, and the electricals & electronics industry. In a particular industry, glass products are used for different applications with the purpose to address a different set of requirements. For instance, the 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 electricals & electronics industries in the emerging countries are intensifying the demand for advanced and smart glass products and so are functional coatings.
There are a host of factors burgeoning the demand for functional glass coatings in a diverse range of applications. Among all, the biggest driving factor is the organic growth of the architectural industry. Increasing building and infrastructure activities and the surge in global investments for the construction of taller buildings with increasing usage of glass for aesthetic appearance are the major factors driving the growth of functional glass coatings in the architectural industry. Rising demand for energy savings and green building concept has created ample opportunities for the functional glass coating manufacturers to develop and innovate functional glass coatings in order to produce highly efficient architectural glass for the industry.
Another factor, which is acting as a catalyst to the growth of functional glass coatings, is consistently increasing automobile production. Currently, 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 glass coating manufacturers to realign themselves based on the shifting opportunities from the developed economies to the developing economies, such as China and India.

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The 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 functional glass coatings market during the forecast period of 2019 to 2024. Increasing building and infrastructure activities in the developing economies coupled with increasing glass content in the building and infrastructure are the key factor, 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. The 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.
Based on the coating type, the functional glass coatings market is segmented into Low-e Coatings and Specialty Coatings. The specialty coatings segment dominated the functional glass coatings market in 2018. 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 the 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 growths during the same period, driven by a high production of vehicles and growing demand for the energy-efficient buildings.

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Highlights of the Report:
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$ 2,137.0 million in 2024. 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 glasses 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 the rise to the demand for functional glass coatings. Functional coating enhances or modifies the properties of the 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.
The supply chain of this market comprises raw material suppliers, functional glass coatings manufacturers, glass manufacturers, distributors, and automotive OEMs. The key 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. The 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.

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Functional Glass Coatings Market analysis report discusses the following heads in great detail:
• 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

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