Flat Glass Coatings Market is accounted for USD 1,650 million in 2020, growing at a robust CAGR of 20.4% during forecast period

Introduction of the Flat Glass Coatings Market Report

Flat glass coatings are the coatings applied on the glasses for modifying their appearance and providing several advanced characteristics including durability, glossy surface, low maintenance, scratch resistance, corrosion resistance, energy efficiency, and others. Polyurethane resin, epoxy, acrylic, and others are the materials used in flat glass coatings.

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Market Dynamic

Key Drivers and Emerging Trends

The increasing urbanization, a growing number of architectural structures, and the rising demand for decorative glass products in buildings are some of the major factors expected to drive the growth of the flat glass coatings market. Additionally, the flat glass coatings are used for making various products that include solar control glass, anti-reflective glass, low e-glass, and others used in commercial and residential properties. Moreover, glass coatings offer various advantages such as saving energy, reducing carbon emissions, solar protection, self-cleaning, chemical resistance and resistance to light, and comfort among others. This is further expected to contribute to the growing demand for flat glass coatings in the coming years.

Restraint in the Flat Glass Coatings Market

However, the high manufacturing cost of flat glass coatings is one of the major factors expected to hamper the growth of the market.

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Resin Type – Segment Analysis

Based on the resin type, polyurethane resin-based coating is expected to account for a large share in the market owing to its increasing use in solar panels, greenhouse buildings, and space shuttles for long-term protection. According to the PFA, more than 1.5 billion pounds of flexible polyurethane foam are produced in North America each year, which is expected to accelerate the growth of the market.

Technology – Segment Analysis

Based on the technology, the solvent-based coating is expected to grow at a substantial rate over the forecast period. This is primarily due to its high quality, less susceptibility towards temperature and humidity, and comparatively takes less time to dry up. Moreover, solvent-based flat glass coatings are increasingly used among automobiles, solar power, and mirrors applications.

Application – Segment Analysis

Based on the application, the mirror coating is expected to hold a notable share in the flat glass coatings market over the forecast period. This can be attributed to the increasing demand for decorative mirrors among automotive & transportation, solar power, and other decorative applications. In addition, the rising use of mirror coatings on glass for combating the growing rate of energy consumption in architectural designs is further escalating the market growth.

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Regional – Segment Analysis:

North America is expected to account for a high share in the flat glass coatings market during the forecast period. This can be attributed to the high living standards and lifestyles of people, the rising number of green and sustainable buildings, and the increased demand for decorative mirrors in the construction sector. Additionally, the presence of leading companies including The Sherwin-Williams Company, Ferro Corp., and 3M Company is expected to propel the growth of the flat glass coatings market size in North America.

Top Market Players

Several leading Flat Glass Coatings companies operating in the market, include Arkema, Inc., Fenzi S.p.A., Ferro Corp., Hesse Gmbh & Co. KG, The Sherwin-Williams Company, Vitro S.A.B. De C.V., Nippon Paint Co. Ltd., Yantai Jialong Nano Industry Co., Ltd., 3M Company, and CCM GmbH among others.

Key Developments:

• • In 2020, Arkema, Inc. announced to acquire Agiplast, one of the leading companies providing bio-based high-performance polymers. This is expected to help the company in manufacturing sustainable flat glass coatings.

Segments covered in the Report:

The global flat glass coatings market has been segmented on the basis of resin type, technology, application, and key regions. Based on the resin type, the market is segmented into polyurethane, epoxy, acrylic, others. Based on the technology, the market is segmented into solvent-based, water-based, and nano coatings. Based on the application, the market is segmented into mirror coatings, solar power, architectural, automotive, decorative, and others.

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Key questions answered in this research report:

• • At what pace is global Flat Glass Coatings market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Flat Glass Coatings Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Flat Glass Coatings Market?
  • Which application generated maximum revenues in 2020 and identify the most promising application during the forecast period?
  • What are the various technologies of global Flat Glass Coatings Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Flat Glass Coatings Market by Resin Type

• • Polyurethane
  • Epoxy
  • Acrylic
  • Others

Global Flat Glass Coatings Market by Technology

• • Solvent-Based
  • Water-Based
  • Nano Coatings

Global Flat Glass Coatings Market by Application

• • Mirror Coatings
  • Solar Power
  • Architectural
  • Automotive & Application
  • Decorative
  • Others

Global Flat Glass Coatings Market by Region

• • North America Flat Glass Coatings Market (Option 1: As a part of the free 25% customization)
    • By Resin Type
    • By Technology
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Flat Glass Coatings Market (Option 2: As a part of the free 25% customization)
    • By Resin Type
    • By Technology
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Flat Glass Coatings Market (Option 3: As a part of the free 25% customization)
    • By Resin Type
    • By Technology
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Flat Glass Coatings Market (Option 4: As a part of the free 25% customization)
    • By Resin Type
    • By Technology
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Flat Glass Coatings Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Arkema, Inc.
  • Fenzi S.p.A.
  • Ferro Corp.
  • Hesse Gmbh & Co. KG
  • The Sherwin-Williams Company
  • Vitro S.A.B. De C.V.
  • Nippon Paint Co. Ltd.
  • Yantai Jialong Nano Industry Co., Ltd.
  • 3M Company
  • CCM GmbH