Flat Glass Coatings Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Ma
Global Flat Glass Coatings Market to value over USD 6.2 billion by 2029 end and register a CAGR of over 20% from 2019 to 2029.
Rapid industrialization and colossal infrastructural developments ranging across various emerging economies are likely to contribute significantly to the requirement for flat glass coatings during the forecast period. Increasing development and construction, and funds to fuel the same on account of growing urbanization and large infrastructural plans will continue to augment market growth. Government initiatives to expand and develop transportation, advanced renewable energy and improved social and commercial infrastructure will further supplement the expansion. Sprouting green commercial architecture, particularly in North America, Asia Pacific, and the Middle East and Africa are anticipated to fuel demand for flat glass coatings over the forecast period.
The rise in demand for decorative products is anticipated to boost the global flat glass coatings market during the forecast period. Demand for decorative mirrors is expected to increase in beauty and cosmetics, architecture, and other applications. The rise in a number of architectural structures is projected to augment the flat glass coatings market in the near future. An increase in disposable income and changing lifestyles are factors driving the flat glass coatings market. Demand for solar panels is rising owing to the growth in awareness about renewable energy resources. This, in turn, is expected to trigger the flat glass coatings market in the next few years. Demand for nanocoatings is anticipated to rise in automotive applications. However, the high cost of nanocoatings is likely to hamper the flat glass coatings market during the forecast period.
Drivers:
- The surge of flat glass coatings used in the commercial and residential construction sector
- Increasing consciousness to promote sustainability and thus the demand for solar power and automotive application
Opportunities:
- Expansion of the construction industry
- Increasing demand for green infrastructure
Challenges:
- Strict government regulations and policies
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Market Segmentation:
1. By Resin Type
- Polyurethane Resin
- Epoxy
- Acrylic
- Others
- Alkyd Resin
- Silicone Resin
2. By Technology
- Solvent-Based Coatings
- Water-Based Coatings
- Nano Coatings Technology
3. By Application
- Mirror
- Silver
- Aluminum
- Solar Power
- Photovoltaic Solar Power System
- Concentrated Solar Power System
- Architectural
- Automotive & Transportation
- Decorative
- Others
4. By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Rest of the World
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Competitive Landscape:
- Tier 1 players- established companies in the market with a major market share
- Tier 2 players
- Emerging players which are growing rapidly
- New Entrants
FutureWise Takeaways
- Growth prospects
- SWOT analysis
- Key trends
- Key data points affecting market growth
Objectives of the Study:
- To provide an exhaustive analysis on the global flat glass coatings market by resin type, by technology, by application, and by region
- To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
- To evaluate and forecast micro-markets and the overall market
- To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and rest of the world.
- To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
- Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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