San Francisco, Oct 26 The
global flat
glass coatings market size is expected to reach USD 4.48 billion
by 2025, according to a new study by Grand View Research, Inc. It is
anticipated to register a 20.2% CAGR over the forecast period. Massive demand
for mirror and glass facades from commercial and residential sectors coupled
with adoption from automotive and transportation sector is likely to drive
demand over the forecast period.
Rising
adoption of solar installations along with demand for environment-friendly
renewable sources of energy are anticipated to drive demand for solar panels,
augmenting flat glass coatings market. Moreover, rising awareness for energy
conservation, self-sufficiency, and favorable government regulations are
anticipated to further drive demand from architectural applications over the
years to come. Countries such as Italy, U.K., U.S., Japan, China, India, and
Germany featuring unilateral legislations to the Kyoto Protocol, aimed at
reducing the greenhouse gas (GHG) emissions is also anticipated to promote
market growth.
Water-based
technology is anticipated to maintain its dominance in terms of market share
over the forecast period. Wide usage owing to its high strength and premium
quality is anticipated to be the primary driving factor for this segment.
Overall performance of coating primarily depends on utilization of raw
materials such as pigments, resins, and additives. However, nano-based
technology is expected to ascend at a promising rate in near future on account
of growing preferences for advanced materials in the manufacturing industry.
Growing
need for utilization of sustainable energy, reduction in carbon footprint, and
favorable government policies targeted at reducing consumption of fossil fuel
are likely to propel growth of the solar power sector. Solar module industry is
anticipated to register major demand for flat glass coatings in solar projects.
Browse full research report on Flat Glass Coatings Market:
www.grandviewresearch.com/industry-analysis/flat-glass-coatings-market
Further key findings from the repot suggest:
- Asia Pacific
was the dominant regional segment and is expected to register the fastest
volume-based CAGR of 19.9% over the forecast period. Rising
infrastructural investments and favorable regulations are the major
regional market drivers
- China was the
leading player on account of its burgeoning automobile industry, coupled
with massive infrastructural investments targeted to meet needs from
residential sector
- Epoxy resins
held a considerable revenue share on account of its unique properties such
as mechanical strength, high thermal stability, electrical and heat
resistance, adhesion, and mechanical resistance
- Key
participants in the global flat glass coatings market include Arkema Inc.;
Fenzi Spa; Ferro Corporation; Hesse Gmbh & Co. Kg; The
Sherwin-Williams Company; and Vitro, S.A.B. de C.V
- In October
2016, Vitro, S.A.B. de C.V decided to expand its coating production
capability along with the construction of MSVD glass coater. These coaters
are utilized to produce low emissive, and performance and energy efficient
glass.
Browse more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/bulk-chemicals
Grand
View Research has segmented the global flat glass coatings market on the basis
of resin, technology, application, and region:
Flat
Glass Coatings Resin Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
- Polyurethane
- Acrylic
- Epoxy
- Others
Flat
Glass Coatings Technology Outlook (Volume, Tons; Revenue, USD Million, 2014 -
2025)
- Solvent-based
- Water-based
- Nano-based
Flat
Glass Coatings Application Outlook (Volume, Tons; Revenue, USD Million, 2014 -
2025)
- Solar Power
- Mirror
- Architectural
- Automotive
& Transportation
- Other
Flat
Glass Coatings Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 -
2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Turkey
- Italy
- Netherlands
- Belgium
- Spain
- Asia Pacific
- China
- India
- Japan
- Malaysia
- Taiwan
- South Korea
- Vietnam
- Central &
South America
- Brazil
- Chile
- Middle East
& Africa
- Saudi Arabia
- South Africa
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/global-flat-glass-coatings-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information:
www.grandviewresearch.com
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