Flat Glass Coatings Market worth 2,789.6 Million USD at a CAGR of 20.99% by 2022

The report "Flat Glass Coatings Market by Resin Type (Polyurethane, Epoxy, Acrylic), Technology (Solvent and Water-Based, Nano Coatings), Application (Mirror, Solar Power, Architectural, Automotive & Transportation, Decorative), and Region - Global Forecast to 2022", is estimated to be USD 1,075.8 Million in 2017 and is projected to grow at a CAGR of 20.99% between 2017 and 2022 to reach USD 2,789.6 Million by 2022, in terms of value. Coatings in flat glass are used to enhance the water-repellent ability (automobile glass, spectacle lenses, and shower walls) as well as thermal, UV protection, heat protection, shatter protection, graffiti protection, dust protection, and optical performance characteristics of the flat glass. The various applications of flat glass coatings include mirror, solar power, architectural, automotive & transportation, decorative, and electronics & appliances. Growth in application industries, especially in Asia Pacific, is driving the global flat glass coatings market.

Based on resin type, the polyurethane segment led the flat glass coatings market in 2016 and is also expected to grow at the highest CAGR during the forecast period

Polyurethane resins are made from reacting polyalcohol and organic di-isocyanate. Polyurethane resin-based coatings possess properties such as high durability, toughness, and high gloss and are easy to clean. Owing to these properties, they are used in various applications worldwide. Polyurethane resin-based coatings are also used where high performance is expected, such as greenhouse buildings, solar panels, and space shuttles. Polyurethane resins are used in industrial and architectural coating systems as topcoats and are usually applied over primer to attain a long-term protective coating.

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Based on technology, the nano coatings segment of the flat glass coatings market is expected to grow at the highest CAGR during the forecast period

The nano coatings market has been growing significantly globally during the past few years and is projected to display higher growth rates in the next five years. The growing automotive and electronics industries are expected to boost 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. Increasing preference for advanced materials in the automotive industry has led to a surge in nanotechnology R&D, which, in turn, is expected to boost the nano coatings market growth.

The Asia Pacific flat glass coatings market is projected to grow at the highest CAGR during the forecast period

The flat glass coatings market in Asia Pacific is expected to witness the highest CAGR during the forecast period due to the rising demand for flat glass coatings from the region’s emerging economies, such as India, China, South Korea, Vietnam, Taiwan, and Singapore. Solar power installation has increased the consumption of flat glasses and mirror coatings in this region. Factors such as improving standards of living and rising per capita incomes have also contributed to the growth of the Asia Pacific flat glass coatings market.

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) are some of the key players operating in the flat glass coatings market.