Latest Report 2021: Why are Acrylic Flat Glass Coatings Surging in Demand

Award-winning consulting firm Fact.MR concludes that the global flat glass coatings market is slated to surpass a valuation of US$ 4 billion by 2031, according to a latest research report published on the landscape. Growth is largely underpinned by increase in investments to further infrastructure development, especially in the architectural and energy generation segments.

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The market surged impressively over the past 5 years, being valued at just above US$ 1 billion in 2020. Growth has been especially evident with regards to renewable energy infrastructure deployment, especially for solar power generation. Markets such as the U.S. and China appear to be the most lucrative amongst all, given their high energy consumption rates.

As per estimates by the International Energy Agency, solar photovoltaic generation increased 22% in 2019, adding 131 terawatt hours (TWh), representing the 2nd largest absolute generation growth of all technologies. With this increase, solar photovoltaic share in global electricity generation is now almost 3%. Consequently, countries are scrambling to develop adequate solar energy infrastructure, which is catalyzing the adoption of flat glass coatings.

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Key Takeaways from Market Study
Acrylic flat glass coatings to experience massive surge, expected to record a stellar 15% CAGR through 2031

Polyurethane flat glass coatings likely to be valued at nearly US$ 2 billion by the end of the forecast period
Demand for flat glass mirror coatings to emerge the strongest, holding above 40% market share in 2020

Water-based flat glass coatings to emerge dominant by technology, capturing over 50% revenue share by 2031

Flat glass coating sales in the U.S. topped US$ 400 million in 2020, attributed to high uptake in solar power generation

China to spearhead growth in East Asia, expected to reach nearly US$ 1 billion by 2031
India, Australia, and South Korea to collectively generate over US$ 600 million in revenue

“Prominent flat glass coating manufacturers are extensively investigating the scope of nano flat glass coatings, attributed to rising demand for incorporating more efficient innovation approaches for strengthening market presence,” remarks a Fact.MR analyst.

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Competitive Landscape

Key flat glass coating manufacturers in Fact.MR’s study include

The Sherwin-Williams Company
Arkema Group
Apogee Enterprises Inc.
Ferro Corporation
Yantai Jialong Nano Industry Ltd.
Tribo Coatings Ltd.
ANT Lab,
Anhui Sinograce Chemicals Co. Ltd.

Anhui Sinograce Chemicals Co. Ltd. Launched PF-309 glass nano coatings, which are self-cleaning and equipped with nano-fluorosilicon polymer materials. These coatings are highly suitable for applying across car windshields, wall glass, and other areas.

Arkema Group offers the Certincoat® flat glass coatings that are highly flexible in design. Furthermore, these are low emission coatings that combine exceptional energy savings performance with the durability and ease of handling of clear glass.

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More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the flat glass coatings market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market on the basis of application (mirror coatings, solar power, architectural, automotive, and other applications), resin (polyurethane, epoxy, acrylic, and other resins) and technology (solvent-based, water-based, and nano coatings), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa).

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This release was published on openPR.