The growing demand for solar and automotive applications is expected to spur opportunities for the market, states Fortune Business Insights, in a report, titled “Flat Glass Coatings Market Size, Share & Industry Analysis, By Resin Type (Epoxy, Polyurethane, Acrylic, Others), By Technology (Solvent-based, Nanocoatings), By Application (Mirror Coatings, Solar Power, Architectural, Automotive Application, Decorative, Others.) and Regional Forecast” The increasing R&D investments in nanotechnologies are expected to bode well for the market.
The global flat glass coatings market size was valued at USD 1.96 billion in 2021 and is projected to grow from USD 2.22 billion in 2022 to USD 7.05 billion by 2029, exhibiting a CAGR of 18.0% during the forecast period.
Market Driver:
Increasing Consumer Awareness to Foster Growth
The growing demand from the residential and commercial infrastructure is expected to boost the growth of the market. The depletion of fossil fuels can lead to heavy demand for other energy sources, in turn, aiding the growth of the market. The increasing inclination towards advanced materials in the automotive sector can have an excellent effect on the global market. Moreover, the growing inclination towards nanotechnology is expected to fuel demand for nanocoatings in the forthcoming years. The growing consumer awareness about the adverse effect of fossil fuels is expected to spur demand for solar energy, in turn, aiding the growth of the market. Besides, the increasing acquisitions and collaborations among major industry players is expected to elevate the market potential in the forthcoming years. For instance, in July 2016, Vitro S.A.B announced that it has acquired the flat glass manufacturing and flat glass coating sector of PPG to enhance its product portfolio and expand its business.
Source- https://www.fortunebusinessinsights.com/flat-glass-coatings-market-102910
Regional Analysis:
Booming Construction Sector to Foster Growth in Asia Pacific
The market in Asia Pacific is expected to rise tremendously during the forecast period owing to the prominent manufacturers in the region. The growing demand from the construction and industrial sectors is expected to foster the healthy growth of the market in the region. The market in North America is expected to witness a rapid growth rate owing to the heavy demand in the U.S. The market in Latin America is expected to expand gradually in the forthcoming years owing to the enormous investments in the residential and commercial infrastructural development in the region. For instance, an investment of US$ 590 billion by the government under the National Infrastructural Plan of Mexico. The market in Europe is expected to expand fundamentally during the forecast period owing to the flourishing automotive industry in the region. The Middle East & Africa is expected to rise tremendously during the forecast period owing to the increasing infrastructure development in the region.
The Report Lists the Main Companies in the Flat Glass Coatings Market:
Ferro Corporation
Arkema
Sherwin-Williams Company
FENZI
Vitro Architectural Glass
SunGuard (Guardian Glass)
NIPPONPAINT
Market Scope of the Report:
The market estimates presented in the report result from a comprehensive research approach involving various research channels such as primary research, secondary research, and subject-matter expert consultations. The research investigates emerging business entrepreneurs and their strategies and product developments, which contribute to the growing popularity of their offerings in both domestic and global markets. Furthermore, the report outlines essential tactics to capitalize on opportunities and navigate potential threats in the Flat Glass Coatings market in the next decade and beyond. The study employs research methodologies such as primary and secondary research, bottom-up and top-down approaches, SWOT analysis, Porter's Five Forces analysis, and others to ensure comprehensive analysis and accurate findings.
What are the main facts mentioned in this report on the Flat Glass Coatings Market?
Frequently Asked Questions to This Report?
1. What is the projected market size and growth rate of the Flat Glass Coatings?
Flat Glass Coatings was valued at USD Billion in 2021 and is projected to reach USD Billion by 2030, growing at a CAGR from 2023 to 2030.
2. What are the key driving factors for the growth of the Flat Glass Coatings?
Flat Glass Coatings markets include technological advancements, changing consumer behavior, increasing demand from emerging economies, government initiatives, favorable regulatory policies, and increasing investment in research and development.