Flat Glass Coatings Market - Global Forecast to 2022

DUBLIN, March 13, 2018 /PRNewswire/ --

The "Flat Glass Coatings Market by Resin Type (Polyurethane, Epoxy, Acrylic), Technology (Solvent & Water-Based, Nano Coatings), Application (Mirror, Solar Power, Architectural, Automotive & Transportation, Decorative) & Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The global flat glass coatings market size is expected to reach 334.13 kilotons by 2022. In terms of value, the market is estimated to be USD 1,075.8 Million in 2017 and is likely to reach USD 2,789.6 Million by 2022, at a CAGR of 20.99% from 2017 to 2022. The high consumption of mirror coatings in beauty & cosmetics, architecture, decoration/kitchen is driving the market of flat glass coatings in the Asia Pacific region. Improvement in living standards and lifestyles has increased the demand for decorative mirrors, which are generally more expensive than the normal mirrors. The surging demand for solar energy in emerging economies and the preference for solar energy in residential applications have contributed to the growth of the solar PV glass market across the globe, which, in turn, drives the demand for flat glass coatings.

The flat glass coatings market is segmented on the basis of resin type into polyurethane, epoxy, acrylic, and others. The polyurethane resin segment is expected to grow at the highest CAGR during the forecast period of 2017 to 2022. Polyurethane resin-based coatings are used where high performance is required, such as in greenhouse buildings, solar panels, and space shuttles. Polyurethane resins are used in industrial and architectural coating systems as finish coats and are generally applied over the primer and intermediate coats to achieve a long-term protective coating.

Based on technology, the flat glass coatings market is segmented into solvent-based, water-based, and nano coatings. The nano coatings segment is expected to grow at the highest CAGR during the forecast period. The growing automotive and electronics industries are expected to contribute to the growth of the nano coatings market during the forecast period. Growth in the coatings sector coupled with rising demand and urbanization in BRIC countries has been driving the global nano coatings market in the past few years. The growing preference for advanced materials in the automotive industry has led to a surge in nanotechnology R&D, which will, in turn, boost the nano coatings market growth.

Based on application, the flat glass coatings market is segmented into mirror, solar power, architecture, automotive & application, decorative, and electronics & application. Mirrors are used across all the major applications, such beauty & cosmetics, architectural, decorative, and automotive & transportation. Though the consumption of flat glass is more in the architectural application, the penetration of coatings in the mirror application is also very high.

The Asia Pacific flat glass coatings market is expected to grow at the highest CAGR during the forecast period due to the rising demand for flat glass coatings from countries such as India, China, South Korea, Vietnam, Taiwan, and Singapore. The robust demand in Asia Pacific is the major driving factor for the global flat glass coatings market. China will lead the demand for flat glass coatings in the region due to its increased industrial production. The country is also among the largest consumers of flat glass coatings at the global level.

The restraining factors in the market include high prices and limited knowledge, among others. The water-based coatings require more drying and curing time as compared to solvent-based coatings. During high humidity, water will not easily evaporate, resulting in poor cure and decrease in performance. This factor acts as a restraint for many water-based coating formulators. The nano coatings technology is expected to witness the highest growth during the forecast period. However, due to the high cost of nano coatings as compared to solvent- and water-based coatings, they are less popular as of now in the flat glass coatings market.

Key players operating in the flat glass coatings markets include Arkema (France), FENZI (Italy), Ferro Corporation (US), Sherwin-Williams Company (US), Vitro Architectural Glass (Mexico), NIPPONPAINT (Japan), SunGuard (Guardian Glass) (US), Hesse (Germany), DIAMON-FUSION INTERNATIONAL (US), and Tribos Coatings (International) Ltd. (UK).

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities for Flat Glass Coating
4.2 Flat Glass Coatings Market, By Resin Type
4.3 Flat Glass Coatings Market, By Technology
4.4 Flat Glass Coatings Market, Developed Vs. Developing Countries
4.5 Apac Flat Glass Coatings Market, By Country And Application

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Demand for Architectural Glass & Mirror in Residential And Commercial Buildings
5.2.1.2 Increased Demand from Apac
5.2.1.3 High Demand from Automotive & Transportation Application
5.2.1.4 High Growth in Solar Power Application
5.2.1.5 Growing Need for Energy-Efficient Buildings
5.2.2 Restraints
5.2.2.1 Need for More Drying Time in Water-Based Coating Technology
5.2.3 Opportunities
5.2.3.1 Demand for Green Buildings
5.2.4 Challenges
5.2.4.1 Stringent Regulatory Policies And Environmental Challenges
5.3 Porter's Five Forces Analysis
5.3.1 Intensity of Competitive Rivalry
5.3.2 Bargaining Power of Buyers
5.3.3 Bargaining Power of Suppliers
5.3.4 Threat of Substitutes
5.3.5 Threat of New Entrants
5.4 Macroeconomic Overview And Key Drivers
5.4.1 Introduction
5.4.2 Trends And Forecast of GDP
5.4.3 Trends And Forecast of Construction Industry
5.4.4 Trends in Automotive Industry
5.4.5 Trends in Solar Power Industry

6 Flat Glass Coatings Market, By Resin Type
6.1 Introduction
6.2 Polyurethane Resin
6.3 Epoxy
6.4 Acrylic
6.5 Others
6.5.1 Alkyd Resin
6.5.2 Silicone Resin

7 Flat Glass Coatings Market, By Technology
7.1 Introduction
7.2 Solvent-Based Coatings
7.3 Water-Based Coatings
7.4 Nano Coatings Technology

8 Flat Glass Coatings Market, By Application
8.1 Introduction
8.2 Mirror
8.2.1 Silver
8.2.2 Aluminium
8.3 Solar Power
8.3.1 Photovoltaic Solar Power System
8.3.2 Concentrated Solar Power System
8.4 Architectural
8.5 Automotive & Transportation
8.6 Decorative
8.7 Others

9 Flat Glass Coatings Market, By Region

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking
10.3 Competitive Scenario
10.3.1 Acquisition
10.3.2 New Product Launch

11 Company Profiles

• Advanced Nanotech Lab
• Anhui Sinograce Chemical
• Apogee Enterprises (Viracon)
• Arkema
• Bee Cool Glass Coatings
• Casix
• CCM Gmbh
• Diamon-Fusion
• Dow Corning
• Fenzi
• Ferro
• Glas Trsch
• Hesse
• Nano-Care Deutschland
• Nanonix Japan
• Nanoshine
• Nanotech Coatings
• Nippon Paint
• Pearl Nano
• Sherwin-Williams
• Sunguard (Guardian Glass)
• Tribos Coatings
• Vitro
• Warren Paint & Color
• Yantai Jialong Nano Industry

For more information about this report visit https://www.researchandmarkets.com/research/4lqmr6/flat_glass?w=5

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