San Francisco, 25 October 2018 , 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.
Full Research Report On Flat Glass Coatings
Market Analysis:
www.grandviewresearch.com/industry-analysis/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 At: 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
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
France
o
U.K.
o
Turkey
o
Italy
o
Netherlands
o
Belgium
o
Spain
·
Asia Pacific
o
China
o
India
o
Japan
o
Malaysia
o
Taiwan
o
South Korea
o
Vietnam
·
Central & South America
o
Brazil
o
Chile
·
Middle East & Africa
o
Saudi Arabia
o
South Africa
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-flat-glass-coatings-market
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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