The Market of Functional Glass Coatings to grow beyond US$ 2137.0 million by 2024
February 19, 2020
Functional Glass Coatings Market Overview:
The functional glass coatings market is forecasted to grow at an impressive rate over the next five years to reach an estimated value of US$ 2,137.0 million in 2024. The overall coatings market for glass applications has undergone a remarkable transition over a period of time with changing roles from protecting and decorating a glass substrate to the new role, termed as functional glass coating. Increasing applications of glasses in various sectors including architecture, automotive, food & beverage, consumer goods, and pharmaceuticals, along with a surge in the performance requirement of glass substrates to meet the requisite properties of different applications have given the rise to the demand for functional glass coatings. Functional coating enhances or modifies the properties of the glass substrate and offers several crucial properties, such as adhesion, wettability, chemical resistance, wear resistance, scratch resistance, gloss, hydrophobicity, self-cleaning, anti-static, anti-reflective, and anti-bacterial properties, to the glass substrate.
Report Overview:
This new report from Stratview Research analyses the Functional Glass Coatings Market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024. 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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Functional Glass Coatings Market Segment Insights:
End-Use Industry Type: Architectural Glass, Automotive Glass, Display Panel Glass and others
The functional glass coatings market is segmented based on the end-user type as Architectural Glass, Automotive Glass, Display Panel Glass, Container Glass, and Others. Architectural glass is expected to remain the growth engine of the functional glass coatings market during the forecast period of 2019 to 2024. Increasing building and infrastructure activities in the developing economies coupled with increasing glass content in the building and infrastructure are the key factor, propelling the demand for functional coatings in the segment. Automotive glass, another segment with a considerable share, is likely to witness healthy growth rate over the next five years.
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Application Type: Pyrolytic Coating, Sputtered Coating and others
Based on the application technique type, the functional glass coatings market is segmented into Pyrolytic Coating, Sputtered Coating, Screen Printing, Spray Coating, Sol-Gel Coating, and Others. The pyrolytic coating is expected to maintain its dominance in the market during the forecast period, driven by its low-cost advantage and consistent performance. Pyrolytic coating and sputtered coatings are the two main technologies for applying Low-E coatings on a glass substrate.
Coating Type: Low-e Coatings and Specialty Coatings
Based on the coating type, the functional glass coatings market is segmented into Low-e Coatings and Specialty Coatings. The specialty coatings segment dominated the functional glass coatings market in 2018. Specialty coatings include various coating solutions, such as self-cleaning, anti-reflective, anti-microbial, anti-UV, anti-smudge, anti-fog, and transparent conductive coatings.
A highly/moderately/fragment consolidated Market
The supply chain of this market comprises raw material suppliers, functional glass coatings manufacturers, glass manufacturers, distributors, and automotive OEMs. The key functional glass coating manufacturers are Asahi Glass Co., Ltd (AGC), Apogee Enterprises, Inc., Arkema, Ferro Corporation, Guardian Industries, ICD High Performance Coatings, Johnson Matthey, Nippon Sheet Glass Co., Ltd. (NSG), Saint-Gobain S.A., and Vitro, S.A.B. de C.V. The development of high-performance functional glass coatings, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
Region: Asia-Pacific is projected to remain the largest market
Based on the regions, Asia-Pacific is expected to remain the largest functional glass coatings market during the forecast period. China, India, and Southeast Asia are the growth engines of the Asia-Pacific’s functional glass coatings market in the foreseeable future. North America and Europe are also likely to exhibit positive growths during the same period, driven by a high production of vehicles and growing demand for the energy-efficient buildings.
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