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Flat Glass Coatings Market Analysis by Resin Type (Acrylic, Polyurethane, Epoxy, and Others), By Application (Mirror, Solar Power, Architectural, Automotive, Decorative, and Others), By Technology (Water-based, Solvent-based, and Nano Coatings) and by Region: Global Forecast, 2024 - 2033

  • PUBLISHED ON
  • 2021-06-03
  • NO OF PAGES
  • 281
  • CATEGORY
  • Chemicals & Materials

Market Overview

The Flat Glass Coatings Market is predicted to develop at a compound annual growth rate (CAGR) of 17.42% from 2024 to 2033, when it is projected to reach USD 13.32 billion, based on an average growth pattern. The market is estimated to reach a value of USD 4.36 billion in 2024.

                             

SOURCE: We Market Research

The goal of the flat glass coatings industry is to enhance glass performance for a variety of applications, such as architectural and automotive, by applying specialty coatings. This dynamic industry, driven by technological advancements and stringent regulations, satisfies the demands of a global populace for sustainability, visual appeal, and energy efficiency. The expansion of the market is supported by the expansion of the vehicle industry, a focus on sustainable solutions, and a rise in construction activities. As long as economic growth and urbanization persist, the market will continue to be flooded with creative solutions that satisfy consumer demands, safety standards, and energy efficiency.

The flat glass coatings market is being driven by several important aspects. Strict energy efficiency regulations in the construction sector boost the demand for coatings like Low-E to limit heat transfer via windows. Glass coatings enhance the insulating and aesthetic properties of glass, and the global construction industry—particularly in developing countries—is driving this market. As technology advances, new features such as self-cleaning capabilities and anti-reflective coatings become available, expanding the potential applications. The use of coated glass stems from its increased functionality and durability, as well as the expanding automotive industry and the need for electric vehicles. The market's rising trend is supported by rising consumer demands for visually appealing items, expanding global economies, and growing awareness of sustainable solutions.

  

Market Scope

Report Attributes

Description

Market Size in 2024

USD 4.36 Billion

Market Forecast in 2033

USD 13.32 Billion

CAGR % 2024-2033

17.42%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2033

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By Resin Type, By Application, By Technology and By Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

 

Flat Glass Coatings Industry: Dynamics & Restrains

Market Drivers

Increasing demand for energy-efficient buildings - The increasing focus on energy-efficient buildings is driving up demand for flat glass coatings. Energy-efficient technology is receiving more attention as environmental sustainability becomes more widely recognized. Flat glass coatings are crucial because they increase building energy performance overall, decrease heat transfer, and improve insulation. In order to achieve strict energy efficiency criteria, architects, builders, and homeowners are increasingly adopting these coatings. The desire for flat glass coatings in the construction industry is being driven by the trend of reducing carbon footprints, using less energy, and building ecologically responsible constructions.

Rising disposable incomes and changing lifestyles - The market for flat glass coatings is expanding significantly due to shifting lifestyles and rising disposable incomes. As people's ability to spend grows, they are more and more drawn to live in modern, attractive homes. The necessity for innovative and visually appealing solutions—like coated flat glass—has grown as a result of these shifting societal tastes. Modern consumers want more privacy, UV protection, and energy-efficient windows to match their desire for stylish yet comfortable homes. Because of this change in consumer behavior and rising incomes, flat glass coatings are becoming more and more popular; they are moving from being necessary practical components to fashionable additions to modern homes.

Market restrains

High Initial Costs - The significant upfront expenses linked to sophisticated coating technologies pose a challenge to the growth of the flat glass coatings market. Particularly for smaller companies and sectors with tighter budgets, the high costs associated with producing and applying these coatings serve as a disincentive. The market's broad expansion is hampered by the high upfront expenditure, which acts as a barrier to entry and lowers adoption rates. The initial cost of adoption of flat glass coatings in the building and automotive industries is influenced by enterprises' assessment of the cost-benefit ratio, which makes the initial financial burden a crucial deciding element.

We Market Research: Flat Glass Coatings Dashboard

We give clients with useful insights into market trends over time through a comprehensive dashboard that is part of our marketing platform. An example picture of our dashboard is provided below, and unique PDF login credentials will be provided to enable use of this informative tool.

                                   

Flat Glass Coatings Segmentation

Market- By Resin Type Analysis

By Resin Type, the Flat Glass Coatings Market is Categories Acrylic, Polyurethane, Epoxy, and Others. The Polyurethane segment accounts for the largest share of around 40% in 2024.

                               

The market for flat glass coatings is driven by polyurethane's exceptional strength, pliability, and adhesive properties. Polyurethane coatings provide robust resistance against abrasion, solvents, and environmental factors. This raises their market demand and makes them a desirable choice, particularly in circumstances where resistance and endurance are crucial.

The following segments are part of an in-depth analysis of the global Flat Glass Coatings Market:

Market Segments

 

By   Application

·         Mirror

·         Solar Power

·         Architectural

·         Automotive

·         Decorative

·         Others

By   Technology

·         Water-based

·         Solvent-based

·         Nano Coatings

 

Flat Glass Coatings Industry: Regional Analysis

Asia Pacific Market Forecast

Asia Pacific dominate the Flat Glass Coatings Market with the highest revenue generating market with share of more than 46%. A huge expansion driver for the flat glass coatings industry is the Asia-Pacific area are Construction activities are driven by population expansion, increasing levels of urbanization, and rising disposable incomes. The need for coated glass is greatly increased by the automobile sector, especially in nations like China and India. Expanding the industry also depends heavily on government programs that support sustainable building technologies.

                                   


North America Market Statistics

North America is the second-largest market for Beta Blockers Drugs. The building industry in North America, particularly in the United States and Canada, is the primary driver of the flat glass coatings market. The utilization of innovative coatings is propelled by the rising need for energy-efficient structures and the increasing focus on sustainability. Market expansion is additionally facilitated by regulatory actions that support green building techniques.

Europe Market Forecasts

Europe is expected to be the fastest-growing market for Flat Glass Coatings during the forecast period. The market for flat glass coatings in Europe is increasing due to strict environmental restrictions and a focus on energy conservation. One of the main forces is the development of intelligent buildings with improved thermal insulation capacities. The car industry also makes a substantial contribution because coated glass is being utilized for sunroof applications more and more.

 

Key Market Players

The Flat Glass Coatings Market is dominated by a few large companies, such as

·         Nippon Sheet Glass Co., Ltd (Japan)

·         Guardian Glass (U.S.)

·         Hesse GmbH & Co. KG (Germany)

·         Viracon (U.S.)

·         Arkema S.A. (France)

·         The Sherwin-Williams Company (U.S.)

·         Ferro Corporation (U.S.)

·         Fenzi Group (Italy)

·         Corning Inc. (U.S.)

·         Vitro Architectural Glass (Mexico)

·         Others

Recent Developments:

·         September 2021, At its Carleton, Michigan facility, Guardian Glass began producing 130" x 240" or superjumbo, SunGuard coatings on clear or Guardian UltraClear float glass. In response to architects who have pushed the frontiers of design with buildings that maximize views and natural light for residents in avant-garde facades while also adhering to energy performance norms and standards, the flat glass producer has reacted to the need.

·         April 2021, Ferro Corporation, a prominent worldwide provider of technology-driven functional coatings and color solutions, declared today that Prince International Corporation (Prince) has successfully completed Ferro's previously disclosed acquisition.

1.      Global Flat Glass Coatings Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Flat Glass Coatings Market Scope and Market Estimation

1.2.1. Global Flat Glass Coatings Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2033)

1.2.2. Global Flat Glass Coatings Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033

1.3.    Market Segmentation

1.3.1. Component of Global Flat Glass Coatings Market

1.3.2. Technology of Global Flat Glass Coatings Market

1.3.3. Technology of Global Flat Glass Coatings Market

1.3.4. Region of Global Flat Glass Coatings Market

2.      Executive Summary

2.1.    Global Flat Glass Coatings Market Industry Trends under COVID-19 Outbreak

2.1.1. Global COVID-19 Status Overview

2.1.2. Influence of COVID-19 Outbreak on Global Flat Glass Coatings Market Industry Development

2.2.    Market Dynamics

2.2.1. Drivers

2.2.2. Limitations

2.2.3. Opportunities

2.2.4. Impact Analysis of Drivers and Restraints

2.3.    Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.    Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.    Porter’s Five Forces Analysis

2.5.1. Bargaining Power of Suppliers

2.5.2. Bargaining Power of Buyers

2.5.3. Threat of Substitutes

2.5.4. Threat of New Entrants

2.5.5. Competitive Rivalry

2.6.    Value Chain / Ecosystem Analysis

2.7.    Russia-Ukraine War Impacts Analysis

2.8.    Economic Downturn Analysis

2.9.      Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

3.      Global Flat Glass Coatings Market Estimates & Historical Trend Analysis (2019 - 2022)

4.      Global Flat Glass Coatings Market Estimates & Forecast Trend Analysis, by RESIN TYPE

4.1.    Global Flat Glass Coatings Market Revenue (US$ Mn) Estimates and Forecasts, by RESIN TYPE, 2019 to 2033

4.1.1. Acrylic

4.1.2. Polyurethane

4.1.3. Epoxy

4.1.4. Others

5.      Global Flat Glass Coatings Market Estimates & Forecast Trend Analysis, by Application

5.1.    Global Flat Glass Coatings Market Revenue (US$ Mn) Estimates and Forecasts, by Application, 2019 to 2033

5.1.1. Mirror

5.1.2. Solar Power

5.1.3. Architectural

5.1.4. Automotive

5.1.5. Decorative

5.1.6. Others

6.      Global Flat Glass Coatings Market Estimates & Forecast Trend Analysis, by Technology

6.1.    Global Flat Glass Coatings Market Revenue (US$ Mn) Estimates and Forecasts, by Technology, 2019 to 2033

6.1.1. Water-based

6.1.2. Solvent-based

6.1.3. Nano Coatings

7.      Global Flat Glass Coatings Market Estimates & Forecast Trend Analysis, by Region

7.1.    Global Flat Glass Coatings Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2033

7.1.1. North America

7.1.2. Europe

7.1.3. Asia Pacific

7.1.4. Middle East & Africa

7.1.5. South America

8.      North America Flat Glass Coatings Market: Estimates & Forecast Trend Analysis

8.1.    North America Flat Glass Coatings Market Assessments & Key Findings

8.1.1. North America Flat Glass Coatings Market Introduction

8.1.2. North America Flat Glass Coatings Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

8.1.2.1.   By RESIN TYPE

8.1.2.2.   By Application

8.1.2.3.   By Technology

8.1.2.4.   By Country

8.1.2.4.1.     The U.S.

8.1.2.4.2.     Canada

8.1.2.4.3.     Mexico

9.      Europe Flat Glass Coatings Market: Estimates & Forecast Trend Analysis

9.1.    Europe Flat Glass Coatings Market Assessments & Key Findings

9.1.1. Europe Flat Glass Coatings Market Introduction

9.1.2. Europe Flat Glass Coatings Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

9.1.2.1.   By RESIN TYPE

9.1.2.2.   By Application

9.1.2.3.   By Technology

9.1.2.4.        By Country

9.1.2.4.1.     Germany

9.1.2.4.2.     U.K.

9.1.2.4.3.     France

9.1.2.4.4.     Italy

9.1.2.4.5.     Spain

9.1.2.4.6.     Russia

9.1.2.4.7.     Rest of Europe

10.  Asia Pacific Flat Glass Coatings Market: Estimates & Forecast Trend Analysis

10.1.  Asia Pacific Market Assessments & Key Findings

10.1.1.   Asia Pacific Flat Glass Coatings Market Introduction

10.1.2.   Asia Pacific Flat Glass Coatings Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

10.1.2.1.    By RESIN TYPE

10.1.2.2.    By Application

10.1.2.3.    By Technology

10.1.2.4.    By Country

10.1.2.4.1. China

10.1.2.4.2. Japan

10.1.2.4.3. India

10.1.2.4.4. Australia

10.1.2.4.5. South Korea

10.1.2.4.6. ASEAN

10.1.2.4.7. Rest of Asia Pacific

11.  Middle East & Africa Flat Glass Coatings Market: Estimates & Forecast Trend Analysis

11.1.  Middle East & Africa Market Assessments & Key Findings

11.1.1.   Middle East & Africa Flat Glass Coatings Market Introduction

11.1.2.   Middle East & Africa Flat Glass Coatings Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

11.1.2.1.    By RESIN TYPE

11.1.2.2.    By Application

11.1.2.3.    By Technology

11.1.2.4.    By Country

11.1.2.4.1. U.A.E.

11.1.2.4.2. Saudi Arabia

11.1.2.4.3. Egypt

11.1.2.4.4. South Africa

11.1.2.4.5. Rest of Middle East & Africa

12.  South America Flat Glass Coatings Market: Estimates & Forecast Trend Analysis

12.1.  South America Market Assessments & Key Findings

12.1.1.   South America Flat Glass Coatings Market Introduction

12.1.2.   South America Flat Glass Coatings Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

12.1.2.1.    By RESIN TYPE

12.1.2.2.    By Application

12.1.2.3.    By Technology

12.1.2.4.    By Country

12.1.2.4.1. Brazil

12.1.2.4.2. Argentina

12.1.2.4.3. Colombia

12.1.2.4.4. Rest of South America

13.  Competition Landscape

13.1.  Global Flat Glass Coatings Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

13.2.  Global Flat Glass Coatings Market Competition White Space Analysis, By Technology

13.3.  Global Flat Glass Coatings Market Competition Heat Map Analysis, By Technology

13.4.  Global Flat Glass Coatings Market Concentration & Company Market Shares (%) Analysis, 2022

14.  Company Profiles

14.1.                     Nippon Sheet Glass Co., Ltd (Japan)

14.1.1.   Company Overview & Key Stats

14.1.2.   Financial Performance & KPIs

14.1.3.   Product Portfolio

14.1.4.   Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

14.2.      Guardian Glass (U.S.)

14.3.      Hesse GmbH & Co. KG (Germany)

14.4.      Viracon (U.S.)

14.5.      Arkema S.A. (France)

14.6.      The Sherwin-Williams Company (U.S.)

14.7.      Ferro Corporation (U.S.)

14.8.      Fenzi Group (Italy)

14.9.      Corning Inc. (U.S.)

14.10.  Vitro Architectural Glass (Mexico)

14.11.  Others

15.  Research Methodology

15.1.  External Transportations / Databases

15.2.  Internal Proprietary Database

15.3.  Primary Research

15.4.  Secondary Research

15.5.  Assumptions

15.6.  Limitations

15.7.  Report FAQs

16.  Research Findings & Conclusion 

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