Flat Glass Coating Market By Resin Type (Polyurethane, Epoxy, Acrylic, Others), By Technology (Solvent based, Water Based, Nano coatings), By Application (Mirror Coating, Solar Power, Architectural, Automotive, Decorative, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The flat glass coating market attained $1.9 billion in 2021, and is projected to reach $11.0 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031.
Coatings are used on glass surfaces to give specific advantages to glass items. Flat glass is treated with coatings to offer particular traits and features, such as self-cleaning, water and dirt retardation, corrosion resistance, energy efficiency, and greater durability to the glass. Glass surface is exposed to vapors that bond to the glass surface, and consequently, produces a coating. Coated glass is generally utilized in mirrors and other aesthetic applications. When the coatings are applied on the glass surfaces it adds particular properties to it and gives rise to a broad range of products. Due to the exposure of flat glass surfaces, a coating is produced when vapors are generated. Different resins, such as polyurethane resin, acrylic, and epoxy, can be used to cover flat glass. Increasing demand for ornamental goods adds to the expansion of the flat glass coatings market. Flat glass is predominantly utilized in the construction of commercial and residential buildings.
An increase in demand for ornamental items is anticipated to stimulate the worldwide flat glass coatings market during the forecast period. In beauty & cosmetics, architecture, and other industries, the need for ornamental mirrors is growing. The increase in the number of architectural constructions is anticipated to boost the flat glass coatings market. In addition, an increase in disposable income and a change in lifestyles are potential growth opportunities for the flat glass coatings market. Glass facades are gaining immense popularity, particularly in the construction of commercial buildings. However, the high cost of nano coatings is expected to have a negative impact on the flat glass coatings market throughout the forecast period.
The Asia-Pacific (APAC) region is anticipated to lead the flat glass coatings market during the forecast period. This is mostly attributable to increasing demand for flat glass coatings in developing nations such as Japan and South Korea for automotive and construction industries. The industrial sector in Japan and South Korea is expected to expand due to the recent increase in government spending for infrastructure construction and an increase in foreign direct investments. In turn, this is anticipated to generate a large volume demand in Japan and South Korea for such coatings, driving up market growth.
The global flat glass coating market is segmented into resin type, technology, application, and region. Depending on resin type, the market is classified into polyurethane, epoxy, acrylic and others (silicone and alkyd). On the basis of technology, it is categorized into solvent-based, water-based and nano coatings). On the basis of application, it is categorized into mirror coatings, solar power, architectural, automotive, decorative and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global flat glass coating market 3M Company, Apogee Enterprises, Inc, Arkema Group, Be cool glass coating, FENZI SpA, Ferro Corporation, Gulbrandsen, Hesse Gmbh & Co. KG, Nippon Paints Holdings Co. Ltd, Nukote Coating Systems International, PPG Industries Inc., The Sherwin-Williams Company, Unelko Corporation, Vitro, Yantai Jialong Nano Industry Co., Ltd. Other players operating in the Flat glass coatings market are Vitro Architectural Glass, SunGuard, DIAMON-FUSION, Tribos Coatings.
IMPACT OF COVID-19 ON THE GLOBAL FLAT GLASS COATINGS MARKET
COVID-19 has spread across the globe and effected almost all aspects of life.
Some major economies that have suffered severely from the COVID-19 crisis include Germany, France, Italy, Spain, the UK, and Norway.
In addition, due to lockdown and other restrictions imposed by governments to prevent the spread of infections, there was a shortage of raw supplies as well as manpower, further harming the supply chain for the market.
Due to a lack of raw materials and interruptions in the supply chain, supplier contracts were terminated to reduce expenses. Due to reasons such as the stoppage of construction operations, supply chain constraints, and a temporary halt in production, the demand from building and construction industries decreased.
However, after the pandemic, as the supply chains return to normal after the restrictions were lifted, market participants in this market have explored measures to minimize the pandemic's impact on their business.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the flat glass coating market analysis from 2021 to 2031 to identify the prevailing flat glass coating market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the flat glass coating market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global flat glass coating market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Technology
Nano coatings
Solvent based
Water Based
By Application
Mirror Coating
Solar Power
Architectural
Automotive
Decorative
Others
By Resin Type
Polyurethane
Epoxy
Acrylic
Others
By Region
North America
U.S.
Canada
Mexico
Europe
France
UK
Spain
Italy
Rest of Europe
Germany
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Yantai jialong Nano industry Co., Ltd.
The Sherwin-Williams Company
Unelko Corporation
3M
Apogee Enterprises, Inc.
Arkema Group
Bee cool glass coating
FENZI SpA
Ferro Corporation
Gulbrandsen
Hesse GmbH & Co. KG
hesse gmbh & co. kg
Nippon Paints Holdings Co. Ltd
Nukote Coating Systems, Intl
PPG Industries
The Sherwin-Williams Company
Vitro
Yantai jialong Nano industry Co., Ltd
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