(MENAFN- America News Hour) The Glass Coating Market report delivers a detailed overview of the global glass coating market in terms of market segmentation by type, application, membrane material, filter design, and by region. Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the market.
Glass Coating Market Statistics –
The glass coating industry is slated to observe a 22.1% growth rate through 2018-2027
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The global glass coating market is segmented by coating type into pyrolytic coating, magnetic sputtering coating and sol-gel coating; by technology into liquid glass coating and nano glass coating; by application into construction, paints & coating, automotive, aviation and others and by regions. According to Federal Reserve Bank of Chicago represents increase in sales of light vehicle in China by 2.1%, Latin America by 6.2%, Europe by 2.6%, and Rest of Asia by 3.4%. The global glass coating market is anticipated to showcase CAGR of 22.1% during the forecast period.
The glass coating market is segmented on the basis of coating types into pyrolytic coating, magnetic sputtering coating and sol-gel coating. The pyrolytic coating is expected to dominate the global glass coating market on the account of its high application in automotive industry. Additionally, the nano glass coating is anticipated to dominate the technology segment on the account of its high durability. The construction sub-segment in the application segmentis expected to lead during the forecast period.
North America is expected to lead the glass coatings market on the account of rapid expansion of construction coupled with high application of glass coating in constructionsector. Additionally, Asia Pacific is expected to witness highest growth on the back of increasing urbanized population coupled with the high usage of glass coating in automotive and construction industry.
According to a recent study by Research Nester, the glass coatings market is projected to expand at a CAGR of over 122.1 % from 2018 to 2027.
Major players include in the global glass coating market:
3M Company, Nano-Care Deutschland AG PPG Industries, Valspar Corporation, Premium Coatings Chemicals Pvt Ltd, CCM GmbH and Opticote
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Steady Application in Automotive Industry
Glass coatingare used as protective coatings from harmful UV, corrosion and others. Glass coatings also protect from various weather conditions such as rain, snow and many more. It offers a shiny appearance on the vehicle and enhances its appearance. Thus, high application of glass coating in the automotive industry is expected to drive the glass coatings market during the forecast period.
However,the rising price of the rawmaterials of glass coatings is increasing the cost of glass coatings. This expected to hinder the global glass coating marketover the forecast period.
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About Research Nester
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.