Flat Glass Coatings Market is Expected to Grow with a CAGR of 20.8% from 2022 to 2028
As stated in our extensive report, the Global Flat Glass Coatings Market accounted for 1,986.2 Million in 2021.
Coating applied on glass surfaces provides special features to glass products. It provides certain properties such as water & dirt retardation, increased durability, self-cleaning, energy efficiency, and corrosion resistance. The major use of these glass coatings is in mirrors and other decorative applications.
The large demand for mirror coatings in architecture, beauty & cosmetics products, and kitchen decoration are augmenting the growth of Flat Glass Coatings Market in the coming years. In addition, changing lifestyles and living standards of consumers have proliferated the demand for decorative mirrors. These mirrors are more expensive than the normal mirrors and this sudden spike for decorative mirrors precipitates the high growth of Flat Glass Coatings Market in the upcoming years.
Factors such as limited knowledge and high prices are considered for impeding the growth of Flat Glass Coatings Market. In addition, there is more drying and curing time required for water-based coatings than solvent-based coatings products. Because of high humidity, it decreases the curing performance as water will not easily evaporate in humid conditions. This is another factor that is hindering the growth of Flat Glass Coatings Market.
The increased demand for solar PV glass is the major factor that propels the growth of Flat Glass Coatings Market. This surge is mainly accounted to the increasing adoption of solar installations, huge demand for solar energy in emerging economies, and high requirement of for solar energy in residential applications. In addition, increasing demand for environment-friendly renewable sources of energy is anticipating the large demand for solar panels which in turn, bolsters the growth of Flat Glass Coatings Market in the years to come. Furthermore, due to the regulations imposed by the government to reduce greenhouse gas (GHG) emissions, the consumers are diverting towards the use of solar PV glasses which, in turn, influences the growth of Flat Glass Coatings Market in the projected years.
Asia Pacific is accounted to witness the fastest growth of the Flat Glass Coatings Market during the projected period. The increased demand for Flat Glass Coatings in various countries such as South Korea, Vietnam, Taiwan, Singapore, India, and China is augmenting the growth of Flat Glass Coatings Market in this region. In addition, increased industrial production in this region is also accelerating the high demand for Flat Glass Coatings Market in the coming years.
Some of the prominent players operating in the Global Flat Glass Coatings Market are Fenzi, Arkema, Ferro, Vitro, Sherwin-Williams, Nippon Paint, Nano-Care Deutschland, Hesse, Tribos Coatings, Apogee Enterprises (Viracon), CCM GmbH, Glas Trösch, Nanoshine, Diamon-Fusion, Casix, Warren Paint & Color, Nanonix Japan, Anhui Sinograce Chemical, Yantai Jialong Nano Industry, Sunguard (Guardian Glass), Advanced Nanotech Lab, Pearl Nano, Nanotech Coatings, Bee Cool Glass Coatings, and DOW Corning.
Browse the full Report - Flat Glass Coatings Market by Resin Type (Polyurethane, Epoxy, Acrylic, Others), by Technology (Solvent-Based, Water-Based, Nano Coatings), by Application (Mirror Coatings, Solar Power, Architectural, Automotive & Application), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)