Flat Glass Coatings Market registering a CAGR of 20.4% during the forecast period 2022 to 2030

 Flat Glass Coatings Industry Overview

 

The global flat glass coatings market size was valued at USD 1.9 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 20.4% from 2022 to 2030.

 

Flat glass is widely used in the construction of buildings in both commercials as well as residential sectors. The tremendous growth in the infrastructural developments across various emerging economies is likely to contribute to the market expansion during the forecast period.

 

Rising construction spending on account of rapid urbanization across the globe and infrastructural plans by various governments will continue to augment the market growth along with more focus on adopting green initiatives to become sustainable. The rapid growth in transport, renewable energy, social & commercial infrastructure, government accommodation, and defense infrastructure is further supporting the market growth. Furthermore, the rising number of green commercial building construction projects, particularly in North America, Asia Pacific, and MEA regions, is anticipated to fuel product demand during the forecast period.

 

Gather more insights about the market drivers, restrains and growth of the Global Flat Glass Coatings Market

 

Glass facades are becoming popular, particularly in the commercial building construction sector. Numerous technological innovations in glass technology have improved the overall performance in light transmission, thermal insulation, and modulating solar heat. In addition, innovations, such as double glazed, solar control, and thermal insulation, have also contributed to the increased product application in buildings.

 

The global demand for green buildings has grown significantly during the past few years. Green buildings serve various social, environmental, as well as economic benefits. Flat glass coatings play a vital role in reducing the operational costs of the building. Thus, a rise in the construction of green buildings will directly contribute to market growth.

 

Water-based coating dominates the overall market, followed by solvent-based coating. Solvent-based coatings emit higher amounts of volatile organic compounds while drying. These compounds can affect the human health of individuals who are constantly exposed to these types of products. VOCs form the ground-level ozone layer and trap the heat, which leads to global warming. These may cause eye, skin, nose, throat, and respiratory tract irritation.  The VOCs emitted can lead to severe ill effects, such as cancer, leukemia, lymphoma, and various other diseases, on human health.

 

The construction industry has supplemented significant demand in the market. Increasing construction of amusement parks, corporate buildings, hotels, motels, hospitals, schools, and others is likely to supplement the demand for flat glass coatings in the upcoming years. Residential construction in multi-family and single-family segments is expected to rise owing to a rise in the demand for rental accommodation.

 

Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.

  • Solvent Market - The global solvent market size was valued at USD 34.6 billion in 2014 and is expected to expand at a CAGR of 4.8% over the forecast period. Solvent is a chemical that liquefies in a chemically diverse solute to make a solution.
  • Automotive Coatings Market - The global automotive coatings market size was valued at USD 22 billion in 2015 and is predicted to grow significantly over the forecast period owing to the increasing vehicle production.

 

Flat Glass Coatings Market Segmentation

Grand View Research has segmented the global flat glass coatings market based on resin, technology, application, and region:

  • Flat Glass Coatings Resin Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)
  • PU
  • Acrylic
  • Epoxy
  • Others

 

  • Flat Glass Coatings Technology Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)
  • Solvent-based
  • Water-based
  • Nano-based

 

  • Flat Glass Coatings Application Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)
  • Solar Power
  • Mirror
  • Architectural
  • Automotive & Transportation
  • Other

 

  • Flat Glass Coatings Regional Outlook (Revenue, USD Million, 2019 - 2030)
    • North America
    • Europe
    • Asia Pacific
    • Central & South America
    • Middle East and Africa

 

Market Share Insights

  • October 2016: Vitro, S.A.B. de C.V expanded its coating production capability along with the construction of MSVD glass coater. These coaters are utilized to produce glass, which is performance efficient as well as is energy efficient and is low emissive.

 

Key Companies profiled:

Some prominent players in the global flat glass coatings market include

  • Arkema, Inc.
  • Fenzi Spa
  • Ferro Corp.
  • Hesse Gmbh & Co. KG
  • The Sherwin-Williams Company
  • Vitro S.A.B. De C.V.
  • Nippon Paint Holdings Co., Ltd.
  • Bee Cool Glass Coatings
  • Yantai Jialong Nano Industry Co., Ltd.
  • NanoTech Coatings
  • 3M
  • Gulbrandsen
  • Unelko Corporation
  • Apogee Enterprises, Inc.
  • PPG Industries Inc.

 

Order a free sample PDF of the Flat Glass Coatings Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

 

 

 

 

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