Emerging Nanotechnology-Based Coatings Will Revolutionize the Global Flat Glass Coatings Market Industry

Flat Glass Coatings Market Industry Leaders

According to market analysis, the global flat glass coating market size is expected to reach $14,457 million by 2030 with a compound annual growth rate (CAGR) of 6.6% from 2020 to 2030.

Download PDF Brochure at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=223549950

Browse?133 market data Tables and?33 Figures spread through 172 Pages and in-depth TOC on "Flat Glass Coatings Market by Resin Type (Polyurethane, Epoxy, Acrylic), Technology (Solvent and Water-Based, Nano Coatings), Application (Mirror, Solar Power, Architectural, Automotive & Transportation, Decorative), and Region - Global Forecast"

Flat Glass Coating Industry Future & Scope in Upcoming Years

The future for the global flat glass coating market is expected to be positive. With a rapidly growing construction industry, increased demand for energy-efficient glass and rising applications of glass coatings in the automotive and aerospace industries, the market is anticipated to witness significant growth over the forecast period. Furthermore, technological advancements, such as nanotechnology and advanced functional coatings, are expected to offer lucrative opportunities for market expansion in the coming years.

Emerging Nanotechnology-Based Coatings Will revolutionize the Global Market

Nanotechnology-based coatings offer a unique opportunity to increase the performance and durability of glass. These advanced materials are expected to be widely adopted in the coming years due to their superior properties, such as enhanced scratch and abrasion resistance and low emissivity.

The flat glass coatings market size is expected to reach USD 2,789.6 million by 2022, at a CAGR of 20.99% between 2017 and 2022. Coatings in flat glass are used to enhance the thermal, UV protection, heat protection, water-repellent (automobile glass and shower walls), shatter protection, graffiti protection, and optical performance characteristics of the flat glass. Coated flat glasses are used in mirror, construction, automotive & transportation, decorative, and solar power, among other applications.

Request FREE Sample of Report at https://www.marketsandmarkets.com/requestsampleNew.asp?id=223549950

Acquisition was the major developmental strategy adopted by key players in the flat glass coatings market. This strategy has helped companies operating in the flat glass coatings market enhance their product portfolios and expand their global presence. Key companies also focused on entering new markets by launching technologically advanced eco-friendly flat glass coatings for varied end-use industries. Some of the leading manufacturers of flat glass coatings include 阿科玛 (France), FENZI Official (Italy), Ferro Corporation (US), 宣伟 Company (US), Vitro Architectural Glass (Mexico), NIPPONPAINT (Japan), SunGuard (Guardian Glass) (US), Diamon-Fusion International, Inc. (DFI) (US), and Tribos Coatings (International) Ltd . (UK).

Ferrovial Construction is a highly active key player in the flat glass coatings market. The company offers flat glass coatings under the brand names Silver Pastes, Xpression, and SpecTruLite, among others. The company accounted for the largest share of all developmental activities that took place in the flat glass coatings market between 2014 and 2017. As a part of its inorganic growth strategies, the company focused on enhancing its presence in the South American region. For instance, in 2017, Ferro Corporation (US) acquired Dip-Tech Ltd. (Israel), a leading provider of digital printing solutions for glass coatings, with an investment of USD 60 million to cater to the growing demand from South America. Ferro expects a return on Invested Capital of more than 15% within the first five years of the acquisition.

Another key player that has established a strong foothold in the flat glass coatings market is Vitro Architectural Glass. This company concentrates on expanding its customer base through acquisitions. For instance, in October 2016, it successfully concluded the acquisition of the flat glass business from PPG (US). PPG received approximately USD 740 million in cash proceeds and recorded a pre-tax gain on the sale of USD 421 million. The acquired business includes PPG’s entire flat glass manufacturing and glass coatings operations in the US and Canada, which includes four manufacturing plants with a total of five flat glass furnaces, a research and development center, and four distribution and fabrication facilities in Canada. This acquisition helped the company to focus on CNT manufacturing with graphene, besides increasing its sales and business in emerging markets.

Flat Glass Coatings Market Industry New Revenue Pocket

The flat glass coatings market is projected to grow from USD 1,075.8 million in 2017 to USD 2,789.6 million by 2022, at a CAGR of 20.99% from 2017 to 2022. The flat glass coatings market in the Asia Pacific region is likely to grow at the highest CAGR during the forecast period, in terms of both value and volume. The high growth of the Asia Pacific flat glass coatings market can be attributed to the increased demand for flat glass coatings from the region’s developing economies, such as Taiwan, India, China, South Korea, Vietnam, and Singapore. China has enormous potential for new establishments by manufacturers and suppliers. The flat glass coatings industry in China is growing rapidly, in terms of production and supplier activities, owing to low labor costs in the country. In addition, the demand for flat glass coatings is increasing rapidly in various end-use segments, including mirror coatings, solar power, architecture, and automotive & transportation, among others. This trend is expected to continue till 2022. These factors are expected to contribute toward the growth of the Asia Pacific flat glass coatings market during the forecast period, from 2017 to 2022.

Among resin types, the polyurethane resin-based segment of the flat glass coatings market is expected to grow at the highest CAGR during the forecast period. Polyurethane resin-based coatings possess properties such as high durability, toughness, and high gloss and are easy to clean. They also have good elasticity at low temperatures, abrasion resistance, and solvent & water resistance, among others. Owing to these properties, polyurethane resin coatings are preferred in various applications worldwide.

Based on technology, the nano coatings segment of the flat glass coatings market is expected to grow at the highest CAGR during the forecast period. The nano coatings market, which has been growing significantly during the past few years, is further projected to witness higher growth rates in the next five years. The growing solar power, automotive, and electronics & appliances industries have contributed to the increased use of nano coatings. The demand for these coatings has increased because of their superior properties (dirt or water repellent, scratchproof, temperature-resistant) and low VOC emissions. The increasing importance of antimicrobial and self-cleaning coatings in solar power and automotive & transportation applications for the enhanced lifespan of parts is expected to propel the market demand for nano coatings in the flat glass coatings market.

Among applications, the solar power segment of the flat glass coatings market is expected to grow at the highest rate from 2017 to 2022. The growth of this segment can be attributed to the increasing worldwide installation of solar power plants to generate reliable and clean energy. Although solar energy represents a small percentage of the global power generation, the installation of solar power plants is growing rapidly worldwide for both photovoltaic glass and concentrated solar power generation.

Among regions, Asia Pacific is expected to be the fastest-growing flat glass coatings market. This high growth is mainly attributed to the region’s booming economies, such as China, India, Taiwan, Indonesia, Vietnam, and Malaysia. China is the leading market in Asia Pacific in terms of flat glass coatings’ demand. The growth of the flat glass coatings market in China can be attributed to the availability of cheap labor, easy availability of raw materials, lower taxes, and less stringent environmental regulations, which all work in favor of the flat glass coating manufacturers because these factors help reduce the final price of flat glass coatings.