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The global flat glass coatings market is projected to showcase a strong growth during the forecast period (2021–2030), on account of increasing construction of green buildings, rapid urbanization, and infrastructural growth in developing countries, such as China, India, Brazil, South Africa, and Thailand, which, in turn, is creating a strong demand for flat glass coatings.
The flat glass coatings market is classified into polyurethane, epoxy, acrylic, and others, on the basis of resin. Among these, the polyurethane category is expected to account for a significant market share in coming years. This can be attributed to its extensive usage for providing finishing in industrial applications. Moreover, polyurethane coatings, when applied on primer and intermediate coats, have the ability to provide a long-lasting protective coating.
The flat glass coatings market is categorized, on the basis of technology, into solvent-based, water-based, and nano-based. Of these, the water-based category is projected to account for a significant market share by 2030. This can be primarily ascribed to the low volatile organic compound content in water-based coatings, in comparison to others. Hence, with the increasing awareness of benefits of water-based coatings, along with stringent environmental regulations pertaining to limit the usage of solvent-based coatings, is expected to propel the market for such coatings during the forecast period.
Geographically, the Asia-Pacific (APAC) region is expected to lead the flat glass coatings market throughout the forecast period. This can be majorly attributed to the rising demand for flat glass coatings for automotive and construction applications in developing countries, such as China, India, Thailand, Vietnam, and Indonesia. With the rapid surge in government spending for infrastructure development, along with an increase in foreign direct investments, the industrial sector in the region is projected to grow. This, in turn, is expected to create high-volume demand for such coatings, thereby boosting the regional market growth.
The flat glass coatings market is expected to showcase a strong growth during the forecast period, with the increased government spending on infrastructure development in emerging economies. Additionally, in the recent times, the adoption of glass facades in commercial buildings has gained pace, on account of which there is a high-volume demand for flat glass coatings. Moreover, the usage of glass and glazing technologies provides an aesthetic appearance to the buildings, while reducing energy usage during occupancy. Therefore, such factors are expected to drive the demand for such coatings.
Limited awareness and high costs of flat glass coatings are the prime factors that are projected to curtail the flat glass coatings market growth to a certain extent in coming years. Additionally, the market is expected to showcase a restrained growth, owing to the slow drying time of such coatings in cold weathers, due to which manufacturing efficiency at production sites is hampered. Therefore, such factors are projected to impact the market during the forecast period.
Some of the companies operating in the global flat glass coatings industry are Arkema S.A., FENZI S.p.A., Ferro Corporation, Hesse GmbH & Co. KG, Vitro S.A.B. de C.V., and Nipsea Group.
The study provides the historical as well as the forecast size of the flat glass coatings market.
The flat glass coatings market report offers comprehensive market segmentation analysis along with market estimation for the period 2015–2030
Based on Resin
Based on Technology
Based on Application