(MENAFN- GetNews) Flat Glass Coatings Market: Information by Resin Type (Polyurethane, Acrylic, Epoxy, Others), technology (Solvent-Based, Water-Based, Nano) Application (Solar Power, Mirror, Architectural, Automotive & Transportation), & Region—Forecast till 2023
market Research Future Published a Half-Cooked Research Report on Flat Glass Coatings Market Research Report Forecast to 2023
Global Flat Glass Coating Market is witnessing continual revenue growth, mainly due to the massive increase in the end-user industries of flat glass. Moreover, the rise in the commercial & residential building projects is creating substantial market demand. Also, increasing automotive production substantiates market growth, consuming a considerable amount of coating materials.
Certainly, large advances in coating technologies act as a major driving force for the growth of the market, improving the functionalities of coating materials. According to Market Research Future, Global Flat Glass Coatings Market had created a valuation of USD 1 BN in 2017, which would further appreciate at around 12% CAGR during the review period (2018-2023).
The burgeoning automotive sector accounts for the leading end-user industry, globally. Additionally, the rising demand for flat glass in commercial construction sectors and solar industries accelerates the market growth, excellently. Also, an increase in the global economy increases the size of the Flat Glass Coatings Market, increasing consumers' purchasing power, and thus boosting the automotive and construction sector.
Conversely, stringent regulations against the usages of solvent-based coatings are acting as major growth impeder for the market increase. Simultaneously, fluctuating prices and the demand-supply gap in raw materials needed for the manufacturing of Flat Glass Coatings are projected to hamper the growth of the market. Nevertheless, the rise in the global population, industrialization, and urbanization, would support market growth, driving the construction industry.
Flat Glass Coatings Market Segmentations
Four major dynamics the report has segmented into are.
By Resin Type : Polyurethane, Epoxy, Acrylic, and others.
By Technology : Water-based, Solvent-based, Nano Technology, and others.
By Application : Mirror, Solar Power, Architectural, Automotive & Transportation, and others.
By Regions: Americas, Europe, Asia Pacific, Middle East & Africa, and Rest-of-the-World.
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Flat Glass Coatings Market Competitive Analysis
The well-established, Flat Glass Coatings Market appears to be highly competitive and fragmented due to the presence of major players. To gain a larger competitive share of the market, these players adopt strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product/ technology launch. Need to develop product & technology creates lucrative investment opportunities for these market players.
Focusing on improving their market performance, key companies are acquiring small yet promising companies from the emerging regions to support their expansion strategy. Developing customized coatings is the latest trend among these players. Companies with the ability to manufacture tailor-made products are expected to gain an edge over their rivals.
Major Players:
Players Driving the Global Flat Glass Coatings Market include Arkema (France), Ferro Corporation (US), Fenzi SpA (Italy), The Sherwin-Williams Company (US), Hesse GmbH & Co. KG (Germany), Vitro (Mexico), Nippon Paint Company Limited (Japan), Nano-Care Deutschland AG (Germany), Glas Trösch Holding AG (Switzerland), Tribos Coatings (International) Ltd (UK), and CCM GmbH (Germany), among others.
Industry/ Innovation/ Related News:
November 30, 2019 —- Şişecam Group (Turkey), a leader in eastern Europe and western Asia flat glass market, announced the opening of its second flat glass production facility in Manfredonia, Italy. The company has not only rebuilt the furnace with the advanced design but also activated the coating and lamination lines.
The new facility would demonstrate an annual production capacity of 190,000 tons, bringing the company's annual production capacity in Italy up to 410,000 tons, and its coating line will produce 53.8 Mn. Sqft. Per year. This is its second flat glass investment in Italy. The company had acquired the Porto Nogaro plant in northern Italy in 2016 and the Manfredonia plant in Monte Sant'Angelo in June 2018.
November 08, 2019 —- MetaShield LLC (the US), a leading provider of advanced material technology products with nanoparticle embedded coatings, launched an anti-fingerprint nanotechnology-based coating. The new technology reduces fingerprints and smudges by as much as 70 % on a variety of consumer and commercial products.
Browse Key Industry Insights spread across 140 pages with 47 market data tables & 12 figures & charts from the report , 'Flat Glass Coatings Market Information: By Resin Type (Polyurethane, Acrylic, Epoxy, Others), Technology (Solvent-Based, Water-Based, Nano) Application (Solar Power, Mirror, Architectural, Automotive & Transportation) and Region Growth Potential, Price Trends, Competitive Market Share & Forecast 2023 in detail along with the table of contents : https://www.marketresearchfuture.com/reports/flat-glass-coatings-market-6338
Flat Glass Coatings Market Geographical Analysis
Asia Pacific holds the largest share in the Global Flat Glass Coatings Market due to the rising demand from the growing end-user industries such as automotive and construction. Besides, factors such as the proliferation of solar energy and increasing sales of solar panels create huge market demand in the region. Moreover, large advances in technology, alongside the increasing automobile production in the region, drive the growth of the market dramatically.
Furthermore, rising numbers of infrastructure development projects led by substantial government funding as well as commercial and residential building construction projects fuel the growth of the regional market growth. Japan, China, South Korea, and India, backed by economic growth, account for the major contributor to the growth of the regional market. The APAC Flat Glass Coatings Market is expected to grow pervasively in the years to come.
North America stands second in the Global Flat Glass Coatings Market. The presence of key automobile manufacturers, alongside the increasing demand for green commercial buildings, acts as a massive driving force for the growth of the regional market. The US is a key market for flat glass coatings contributing to the regional market significantly. Besides, increasing usages of these coatings in the manufacturing of various commercial products impact the regional market growth, positively.
The Flat Glass Coatings Market in Europe witnesses spurting growth due to the presence of well-established automotive sectors and increasing demand from key industries such as aerospace and marine, among others. Additionally, rapid urbanization and growth in end-user industries are fostering the growth of the regional market. Germany accounts for the major share in the Europe Flat Glass Coatings Market due to the burgeoning sectors such as automobile, transport, marine, and construction.
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