USA, Rockville, MD: June 20, 2022 (GLOBE NEWSWIRE) — According to Fact.MR (a market research and competitive intelligence provider) recently released a report on flat glass coatings, the global market is poised to be worth US$2.16 Billion in 2022, growing at a CAGR of approximately 20.2% from 2022 to 2032. Rising demand for flat glass coatings from glass industries solar power generation, mirror manufacturing and automobile manufacturing is the main driver for the expansion of the market.
There has been an increasing demand for smart mirrors, which, in turn, would require innovative glass coatings to synchronize with smart mirror coating requirements. Additionally, growing demand for sustainable energy, reduction in carbon footprint, and favorable government regulations to reduce the use of fossil fuels are expected to drive the solar energy industry forward. As these coatings improve the overall efficiency and lifespan of solar panels, demand is set to grow at a rapid rate over the decade.
Flat glass coatings in solar projects are expected to be in high demand in the solar module manufacturing industry. Solar panels are becoming increasingly popular as people become more aware of sustainable energy sources. Additionally, nano coatings are expected to become more popular in automotive applications as manufacturers continue to target end users and develop custom products tailored to customer requirements.
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Key insights from market research
- By resin type, polyurethane flat glass coatings are expected to provide an absolute dollar opportunity worth US$6.16 billion over the forecast period 2022-2032.
- By product type, solvent-based coatings accounted for 54.7% market share in 2022.
- Among the applications, the demand for mirror coatings is expected to grow at around 8.2 times its market value by 2032.
- Architectural Coatings is poised to create an absolute dollar opportunity worth US$1.49 billion by 2032.
- North America is expected to hold approximately 28.3% of the global flat glass coating market by 2032.
- Europe is expected to offer an absolute dollar opportunity worth US$2.62 billion by 2032.
Arkema, Apogee Enterprises, Bee Cool Glass Coatings, DOW Corning, FENZI, Ferro Corporation, Sherwin-Williams Company, Vitro Architectural Glass, Nippon Paint, SunGuard, Hesse, Diamon-Fusion International, Nano-Care Deutschland, Sunguard and Tribos Coatings are big manufacturers of flat glass coatings.
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Key Segments of the Flat Glass Coatings Industry Survey
- Resin Flat Glass Coating Market:
- Polyurethane Flat Glass Coatings
- Epoxy Flat Glass Coatings
- Acrylic Flat Glass Coatings
- Other resins
- Flat Glass Coatings Market by Product Type:
- Solvent Based Flat Glass Coatings
- Water-Based Flat Glass Coatings
- Flat Glass Nano Coatings
- Flat Glass Coatings Market by Application:
- Mirror coatings
- Solar energy
- Other Apps
- Flat Glass Coatings Market by Region:
- North America Flat Glass Coatings Market
- Flat Glass Coatings Market in Latin America
- European flat glass coating market
- Flat Glass Coatings Market in East Asia
- Flat Glass Coatings Market in South Asia and Oceania
- Flat Glass Coatings Market in Middle East and Africa
A vital strategy for flat glass coating suppliers has been to locate manufacturing facilities in high potential locations and invest in research and development of innovative coatings tailored to end-user needs.
Manufacturers must obviously increase their production capacity and therefore aim to offer innovative products tailored to the personalized needs of end users, with a focus on sustainability. Additionally, collaborations with end-users are expected to remain a vital strategy for manufacturers as they would become aware of consumer needs and in turn develop application-specific products, thereby catering to diverse customers across areas. geographical.
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More valuable information On To offer
Fact.MR, in its new offering, presents an unbiased analysis of the flat glass coatings market, showcasing historical market data (2017-2021) and forecast statistics for the period 2022-2032.
The study reveals essential information on the basis of resin (polyurethane, epoxy, acrylic, other resins), type of product (solvent-based, water-based, nano coating) and application (coating mirror, solar energy, architecture, automotive, other applications), in six major regions of the world (North America, Latin America, Europe, East Asia, South Asia and Oceania and MEA).
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