Flat Glass Coatings Market: Water-Based Technology Segment Led And Accounted For A Revenue Share

 Flat Glass Coatings Industry Overview

The global flat glass coatings market size was valued at USD 1.9 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 20.4% from 2022 to 2030. Flat glass is widely used in the construction of buildings in both commercials as well as residential sectors. The tremendous growth in the infrastructural developments across various emerging economies is likely to contribute to the market expansion during the forecast period.

Rising construction spending on account of rapid urbanization across the globe and infrastructural plans by various governments will continue to augment the market growth along with more focus on adopting green initiatives to become sustainable. The rapid growth in transport, renewable energy, social & commercial infrastructure, government accommodation, and defense infrastructure is further supporting the market growth. Furthermore, the rising number of green commercial building construction projects, particularly in North America, Asia Pacific, and MEA regions, is anticipated to fuel product demand during the forecast period.

Gather more insights about the market drivers, restrains and growth of the Global Flat Glass Coatings market

 

Glass facades are becoming popular, particularly in the commercial building construction sector. Numerous technological innovations in glass technology have improved the overall performance in light transmission, thermal insulation, and modulating solar heat. In addition, innovations, such as double glazed, solar control, and thermal insulation, have also contributed to the increased product application in buildings.

The global demand for green buildings has grown significantly during the past few years. Green buildings serve various social, environmental, as well as economic benefits. Flat glass coatings play a vital role in reducing the operational costs of the building. Thus, a rise in the construction of green buildings will directly contribute to market growth.

Water-based coating dominates the overall market, followed by solvent-based coating. Solvent-based coatings emit higher amounts of volatile organic compounds while drying. These compounds can affect the human health of individuals who are constantly exposed to these types of products. VOCs form the ground-level ozone layer and trap the heat, which leads to global warming. These may cause eye, skin, nose, throat, and respiratory tract irritation.  The VOCs emitted can lead to severe ill effects, such as cancer, leukemia, lymphoma, and various other diseases, on human health.

The construction industry has supplemented significant demand in the market. Increasing construction of amusement parks, corporate buildings, hotels, motels, hospitals, schools, and others is likely to supplement the demand for flat glass coatings in the upcoming years. Residential construction in multi-family and single-family segments is expected to rise owing to a rise in the demand for rental accommodation.


Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.

  • Corrosion Protective Coatings Market - The global corrosion protective coatings market size was USD 14.97 billion in 2015. The market is expected to witness growth owing to rising demand from end-use industries including oil & gas, manufacturing, and automotive. Growing use of epoxy-based paints and coatings in production industries for general purpose corrosion protection is expected to drive the industry growth over the forecast period.

 

  • Epoxy Coating Market - The global epoxy coating market size was estimated at USD 21.52 billion in 2015, growing at a CAGR of 7.8% from 2016 to 2024. The market is expected to gain traction over the forecast period on account of rising demand from paints and coatings industry owing to improved durability and superior toughness.

 

Flat Glass Coatings Market Segmentation

Grand View Research has segmented the global flat glass coatings market based on resin, technology, application, and region:

Resin Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)

  • PU
  • Acrylic
  • Epoxy
  • Others

Technology Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)

  • Solvent-based
  • Water-based
  • Nano-based

Application Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)

  • Solar Power
  • Mirror
  • Architectural
  • Automotive & Transportation
  • Other

Regional Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies profiled:

Some prominent players in the global flat glass coatings market include:

  • Arkema, Inc.
  • Fenzi Spa
  • Ferro Corp.
  • Hesse Gmbh & Co. KG
  • The Sherwin-Williams Company
  • Vitro S.A.B. De C.V.
  • Nippon Paint Holdings Co., Ltd.
  • Bee Cool Glass Coatings
  • Yantai Jialong Nano Industry Co., Ltd.
  • NanoTech Coatings
  • 3M
  • Gulbrandsen
  • Unelko Corporation
  • Apogee Enterprises, Inc.
  • PPG Industries Inc. 

 

Order a free sample PDF of the Flat Glass Coatings Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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