Flat Glass Coatings Market to offer a healthy CAGR of 22.2% during 2020-25
February 13, 2020
Flat Glass Coatings Market Overview:
Flat Glass Coatings Market is likely to witness an impressive CAGR of 22.2% during the forecast period. The increasing demand for solar energy in emerging economies and the preference for solar energy in residential applications have immensely contributed towards the growth of the solar PV glass market across the globe, which, in turn, bolsters the demand for flat glass coatings during the forecast period. Further, the high consumption of mirror coatings in architecture, beauty & cosmetics, decoration/kitchen is propelling the market for flat glass coatings in the Asia-Pacific region.
Report Overview:
This new report from Stratview Research analyses the Flat Glass Coatings Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Flat Glass Coatings Market Segment Insights:
Type: polyurethane resin, epoxy, acrylic, and others
Based on the resin type, the market is segmented as polyurethane resin, epoxy, acrylic, and others. The polyurethane resin segment is estimated to register the highest growth during the forecast period. Polyurethane resin-based coatings are suitably used where supreme performance is required, such as in solar panels, greenhouse buildings, and space shuttles. Polyurethane resins also find applications in industrial and architectural coating systems as finish coats and are usually applied over the primer and intermediate coats to attain a long-term protective coating.
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Technology Type: solvent-based coatings, water-based coatings, and nano coatings technology
Based on the technology type, the market is segmented as solvent-based coatings, water-based coatings, and nano coatings technology. The nano coatings segment is expected to grow at the highest CAGR during the forecast period. The growing automotive and electronic industries are estimated to substantially contribute to the growth of the nano coatings market in the coming five years. Development in the coatings sector along with rising demand and urbanization in BRIC countries has been underpinning the global nano coatings market in the past few years. The increasing preference for advanced materials in the automotive industry has led to a rise in nanotechnology R&D, which will, in turn, embolden the growth of the nano coatings market.
Application Type: mirror, solar power, architectural and others
Based on the application type, the market is segmented as mirror, solar power, architectural, automotive & transportation, decorative, and others. Mirrors find all the major applications across subsegments, such as architectural, automotive & transportation, beauty & cosmetics, and decorative. Despite the consumption of flat glass being more in the architectural application, the penetration of coatings in the mirror application remains very high.
A highly/moderately/fragment consolidated Market
Some of the major players in the flat glass coatings market are Arkema, Anhui Sinograce Chemical, Advanced Nanotech Lab, Apogee Enterprises (Viracon), Bee Cool Glass Coatings, CCM GmbH, Diamon-Fusion, Fenzi, Nippon Paint, and Nano-Care Deutschland.
Region: Asia-Pacific’s flat glass coatings market is estimated to witness the highest growth
In terms of regions, the Asia-Pacific’s flat glass coatings market is estimated to witness the highest growth during the forecast period owing to the increasing demand for flat glass coatings from countries such as India, China, South Korea, Vietnam, Taiwan, and Singapore. The strong demand in the Asia-Pacific region is the prime driving factor for the global flat glass coatings market. China will command the demand for flat glass coatings in the region driven by its increased industrial production. The country is also among the largest consumers of flat glass coatings at the global front. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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