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Why Glass Coatings Market will reflect the noticeable CAGR by the end of forecast period 2028?- Explores Fact.MR Report
Glass Coatings Market Study Provides Latest Intelligence on Growth in 2021 and BeyondGlobal Glass Coatings supply-demand continues to be impacted by broader developments in the chemicals sector. The new Glass Coatings market research report outlines the key factors that will impact production, supply, and demand during the assessment period (2018-2028).
The study tracks Glass Coatings demand and sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The study also analyzes the impact of COVID-19 on chemicals industry in general and Glass Coatings in particular.
How will Glass Coatings Sales Grow in 2021 and Beyond
The Glass Coatings industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies.
Overall, demand for Glass Coatings will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of an ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.
Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2021 with sales expected to be in the range of 15.5 million to 16 million.
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Housing is another key demand generator for chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm.
The European chemical sector is also set to recover in 2021, after contracting by 2% in 2020. Recovery is likely to be sustained with a growth of 2% also expected in 2022.
Growth of chemicals sector in Asia Pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2021, but other economies in the region continue to be on the path to recovery.
The chemical sector in Japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.
Glass Coatings Market: Dynamics
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.
The demand for glass coatings is also expected to increase in North America and Asia due to the growth of the manufacturing sector and technological innovation. The rise in the prices of raw materials also restrains the global glass coatings market as major global players are partnering with various companies and distributors to market their products and increase their footprint in the global glass coatings 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.
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Competitive Landscape
The Fact.MR study profiles the business, product and other key strategies of the leading Glass Coatings companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use.
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Regional Segments Analyzed Include
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
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