ID: MRFR/CnM/4877-HCR | February 2021 | Region: Global | 140 pages
Flat glass, also known as sheet glass or plate glass, is a class of glass that is produced in plane form and most commonly used in windows, doors, mirrors, automotive glass, and solar panels, among others. Coatings are applied to flat glass to impart properties such as self-cleaning, corrosion resistance, dirt and water resistance, and energy efficiency and to enhance the shelf life of the product. The flat glass coatings market is highly lucrative and is projected to exhibit tremendous growth during the forecast period of 2018 to 2023. According to MRFR analysis, the global flat glass coatings market was valued at USD 1 billion in 2017 and is projected to grow at a CAGR of over 12% during the assessment period. The rising demand for flat glass in commercial, as well as residential buildings along with its rising application in the solar industry, are expected to be the major factors driving the growth of the global market. Moreover, the increasing use of flat glass coatings in the automotive industry is also expected to positively contribute to the growth of the flat glass coatings market. However, stringent regulations pertaining to the use of solvent-based flat glass coatings are expected to be a major factor hampering the growth of the global market.
The polyurethane resin segment is anticipated to register the highest CAGR during the forecast period. Polyurethane resins offer benefits such as durability, high gloss, high strength, and easy to clean which makes them suitable for high-performance applications.
Global Flat glass coatings Market, by Application, 2017 (%)
Source: MRFR Analysis
The global flat glass coatings market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The market in Asia-Pacific is estimated to be the largest and fastest-growing during the forecast period. Rising government spending on the development of infrastructure in the region and increasing automobile production are the major factors contributing to the growth of the market. The North American flat glass coatings market was the second-largest in 2017 and is expected to remain so during the review period. The presence of major automobile manufacturers and the growing demand for green commercial buildings in the region have led to a surge in the use of flat glass coatings.
The market in the Middle East & Africa is also likely to exhibit steady growth owing to increasing construction in the region.
The global flat glass coatings market has been segmented on the basis of resin type, technology, application, and region.
On the basis of resin type, the market has been categorized as polyurethane resin, acrylic resin, epoxy resin, and others.
On the basis of technology, the market has been segmented into solvent-based, water-based, and Nano.
Based on application, the global flat glass coatings market has been segmented into solar power, mirror, architectural, automotive and transportation, and others.
On the basis of region, the market has been segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa.
Some of the manufacturers operating in the global flat glass coatings market are Fenzi SpA (Italy), Arkema (France), Ferro Corporation (US), Vitro (Mexico), the Sherwin-Williams Company (US), Nippon Paint Company Limited (Japan), Nano-Care Deutschland AG (Germany), Hesse GmbH & Co. KG (Germany), Tribos Coatings (International) Ltd (UK), CCM GmbH (Germany), and Glas Trösch Holding AG (Switzerland).
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.
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||resin type, technology, application, and region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Fenzi SpA (Italy), Arkema (France), Ferro Corporation (US), Vitro (Mexico), the Sherwin-Williams Company (US), Nippon Paint Company Limited (Japan), Nano-Care Deutschland AG (Germany), Hesse GmbH & Co. KG (Germany), Tribos Coatings (International) Ltd (UK), CCM GmbH (Germany), and Glas Trösch Holding AG (Switzerland).|
|Key Market Opportunities||commonly used in windows, doors, mirrors, automotive glass, and solar panels|
|Key Market Drivers||Increasing use of flat glass coatings in the automotive industry|
Frequently Asked Questions (FAQ) :
The market valuation was USD 1 billion.
The market can grow with 12% CAGR during the forecast period of 2018 to 2023.
The polyurethane resin segment would dominate the market.
The Asia Pacific market would trigger the flat glass coating market.
The applications are a mirror, solar power, automotive, architectural, and transportation, and others.