San Francisco,12
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.
Access
Research Report of 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
·
Europe
·
Asia
Pacific
·
Central
& South America
·
Middle
East & Africa
Access Press Release of 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.
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