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.

Attractive Opportunities in the Passive Fire Protection Coatings Market

The report "Passive Fire Protection Coatings Market by Type (Intumescent, Cementitious), Technology (Water-Based, Solvent-Based), End-Use Industry (Building & Construction, Oil & Gas, Transportation), and Region - Global Forecast to 2022", The passive fire protection coatings market is projected to reach USD 4.02 Billion by 2022, at a CAGR of 6.6% from 2017 to 2022.

The use of passive fire protection coatings has increased due to stringent government regulations regarding the usage of passive fire protection coatings and fire safety standards. In addition, the rapidly growing building & construction industry is expected to lead to an increase in the demand for passive fire protection coatings. Oil & gas and transportation are the other industries which demand passive fire protection coatings.

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The intumescent coatings type fire protection coatings segment accounted for the largest share of the passive fire protection coatings market in 2016

Intumescent coatings type fire protection coatings was the largest type segment of the passive fire protection coatings market, in terms of value in 2016. This high market share is mainly attributed to its usage across various applications, such as commercial buildings, restaurants, hospitals, colleges, residential buildings, skyscrapers, and offices, and the oil & gas industry, among others. The value market of intumescent coatings is higher as compared to cementitious coatings as, intumescent coatings are used in combination with cladding materials. Intumescent coatings require lower maintenance, improve durability, provide longer shelf-life, and also provide corrosion protection for steel structures in buildings. Hence, these properties of intumescent coatings are expected to foster the growth of these type of coatings in the passive fire protection coatings market.

The water-based technology of fire protection coatings accounted for the largest share of the passive fire protection coatings market in 2016

The water-based technology segment of the passive fire protection coatings market accounted for the largest share, in terms of both, value and volume, in 2016. Water-based fire protection coatings are extremely safe as they do not contain harmful solvents, are low odor and have low VOC emissions. These are developed to enable customers to meet the stringent emission standards set by various agencies, such as, Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) and the Environmental Protection Agency (EPA). Also, these water-based coatings can withstand high humidity levels during application. The above factors are fueling the demand for the water-based technology in the passive fire protection coatings market.

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The market for fire protection coatings in the building & construction industry is expected to grow at the highest CAGR during the forecast period

The building & construction industry is expected to register the highest growth, in terms of both, value and volume during the forecast period. Fire protection coatings are used in buildings owing to the various benefits that these provide. These coatings prolong the time period of damage that could be caused, providing ample time to evacuate a building in case of fire. Moreover, these also help in the protection of firefighters while controlling the fire and hence help reduce damage to a structure and loss of assets.

Building & construction is one of the major applications of passive fire protection coatings. These are used in construction activities to protect buildings to enable withstanding fire. Such coatings are applied so that the steel structures used in building & construction can withstand a fire and prevent the steel from reaching the critical temperature which could lead it to collapse. Passive fire protection coatings are mainly used in high rise buildings, sports stadiums, residential, and commercial construction.

The passive fire protection coatings market in the Asia-Pacific is expected to grow at the highest CAGR during the forecast period

The Asia-Pacific is the largest market for passive fire protection coatings, in terms of both, value and volume, and is expected to be the fastest-growing region. Increasing industrialization and end-use industries are expected to lead to an increase in the demand for passive fire protection coatings in this region. The booming construction industry is expected to drive the demand for passive fire protection coatings in buildings in the public and private sectors in this region. The regulations in this region are a driver for the passive fire protection coatings market. Moreover, the rising middle-class population coupled with increasing consumer spending has further contributed to the high demand in Asia-Pacific countries, such as China, Japan, and India.

Key players in the passive fire protection coatings market

Key players operating in the passive fire protection coatings market include Akzo Nobel (The Netherlands), PPG Industries (US), The Sherwin-Williams Company (US), Promat International (Belgium), Carboline (US), Hempel A/S (Denmark), KANSAI PAINT (Japan), Nullifire  (UK), Jotun (Norway), and Teknos Group (Finland).

Extrusion Coating Market by Material Type, Substrate, and Region - Global Forecast to 2022

The report "Extrusion Coating Market by Material Type (LDPE, EVA, PP), Substrate (Paper & Paperboard, Polymer Films, Aluminum Foil), and Region - Global Forecast to 2022", The extrusion coating market was valued at USD 4.10 Billion in 2016 and is projected to reach USD 5.64 Billion by 2022, at a CAGR of 5.5% during the forecast period. In this study, 2016 has been considered as the base year and 2017 to 2022 as the forecast period for estimating the market size for extrusion coating. The growth of the extrusion coating market across the globe is fueled by the high demand from the packaging industry and increasing global demand for extrusion coatings in Asia Pacific, South America, and Middle East & Africa region.

LDPE is the largest segment of the extrusion coating market and is projected to grow at the highest CAGR from 2017 to 2022.

LDPE is of great importance due to its easy processing, higher melt strength, and superior optical properties in comparison with linear polyethylene. It has a good moisture barrier and sealability properties and hence is used in applications such as liquid packaging, food packaging, folding carton, and others. It is resistant to impact, moisture, chemicals, and is recyclable. LDPE is the largest and fastest-growing type segment of polymers used in the extrusion coating market. The growing application of LDPE in various end-use industries such as packaging, automotive, building & construction, medical & pharmaceutical, consumer goods, and others is expected to drive the extrusion coating market in the coming future.

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Though the extrusion coating market is expected to grow at a fast pace across the globe, the increasing carbon footprint due to the use of polymer resins is a major restraint toward the growth of the extrusion coating market. Polymers used in extrusion coatings are LDPE, EVA, PP, and others. Processing these polymers results in harmful byproducts generated during the processing which could also lead to an increase in carbon footprint.

Among substrates, the paper & paperboard segment is projected to lead the extrusion coating market from 2017 to 2022.

Paper & paperboard is the largest substrate segment. This is due to the superior properties of paperboard such as lightweight, recyclability, low cost, and environment-friendliness. Paper & paperboard is used for packaging various food items such as snacks, vegetables, and others. These factors are expected to drive the growth of the paper & paperboard segment.

The Asia Pacific region is the largest market for extrusion coating across the globe.

Asia Pacific is the global forerunner in the extrusion coating market, in terms of value and volume, and this trend is expected to continue till 2021. Countries in this region such as China, India, Japan, South Korea, and Indonesia are witnessing significant increase in the use of extrusion coatings in the packaging segment of the food & beverages industry. The growth of the Asia Pacific extrusion coating market is also attributed to the rapid economic growth and increasing population that is driving the demand for extrusion coating materials from various end-use industries in this region. China is the fastest-growing market and this trend is estimated to continue till 2022.

There are a few global players operating in the extrusion coating market. These companies are actively investing in various strategies, such as expansions, new product launches, mergers & acquisitions, and joint ventures to increase their market shares to further strengthen their position in the extrusion coating market. Dow Chemical (US), Exxon Mobil (US), Borealis AG (Austria), Celanese Corporation (US), Chevron Phillips (US), DuPont (US), LyondellBasell Industries Holdings B.V. (US), Qenos Pty. Ltd. (Australia), and SABIC (Saudi Arabia) are the leading players in the extrusion coating market who have adopted various organic and inorganic strategies to ensure their growth in this market.

Polymer Modified Cementitious Coatings Market Projected to Reach 1.66 Billion USD by 2022

The report "Polymer Modified Cementitious Coatings Market by Polymer Type (Acrylic Polymer and SBR Latex), Application (Non-Residential Buildings, Residential Buildings, and Public Infrastructures), and Region - Global Forecast to 2022", The polymer modified cementitious coatings market is estimated to be USD 1.23 Billion in 2017 and is projected to reach USD 1.66 Billion by 2022, at a CAGR of 6.2% from 2017 to 2022.

The growth of this market can be attributed to the increasing demand for polymer modified cementitious coatings from the residential buildings sector. In addition, government initiatives to support infrastructural developments in the Asia Pacific region are anticipated to drive the growth of the polymer modified cementitious coatings market.

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Growing demand for polymer modified cementitious coatings from the residential buildings segment is expected to drive the market for polymer modified cementitious coatings.

The polymer modified cementitious coatings market has been segmented on the basis of polymer type, application, and region. Based on polymer type, the acrylic polymer segment led the polymer modified cementitious coatings market in 2016, owing to the use of its varied derivatives across various applications. Based on application, the residential buildings segment led the polymer modified cementitious coatings market in 2016, owing to increase in construction activities across all regions.

The shelf life of the polymer modified cementitious coatings is restricted to 3-5 years. Therefore, polymer modified cementitious coatings market growth is restrained due to the limited shelf life. In addition, any price fluctuation of the raw materials required in the production of this coating is a major challenge in the growth of polymer modified cementitious coatings market.

Asia Pacific is the largest market for polymer modified cementitious coatings

The Asia Pacific region led the polymer modified cementitious coatings market in 2016; this region is expected to continue its dominance in the near future. The high demand for polymer modified cementitious coatings from the construction industry and infrastructural development in countries, such as China and India, are key factors driving the growth of polymer modified cementitious coatings market in the Asia Pacific region.

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Key players operating in the polymer modified cementitious coatings market are BASF SE (Germany), Sika AG (Switzerland), Arkema S.A. (France), Fosroc International Limited (UK), Mapei S.p.A. (Italy), Akzo Nobel N.V. (Netherlands), The Dow Chemical Company (US), Saint-Gobain Weber S.A. (France), The Lubrizol Corporation (US), Evercrete Corporation (US), Celanese Corporation (US), Lafarge Malaysia Berhad (Malaysia), Flexcrete Technologies Limited (UK), Pidilite Industries Limited (India), H.B. Fuller (US), Organik Kimya San. ve Tic. A.S. (Turkey), and Berger Paints India Limited (India).

The global Anti-Corrosion Coating Market projected to reach USD 31.73 Billion by 2022, at a CAGR of 5.0%

The report "Anti-Corrosion Coating Market by Type (Epoxy, Polyurethane, Acrylic, Alkyd, Zinc), Technology (Solvent, Water, Powder), End-Use Industry (Marine, Oil & Gas, Industrial, Infrastructure, and Power Generation) - Global Forecast to 2022", The global anti-corrosion coating market is estimated to be USD 24.84 Billion in 2017 and is projected to reach USD 31.73 Billion by 2022, at a CAGR of 5.0% from 2017 to 2022.

Rising losses due to corrosion are one of the most significant factors influencing the growth of the global anti-corrosion coating market. In addition, the growth of end-use industries such as power generation and automotive & transportation is further driving the demand for anti-corrosion coatings.

• The acrylic segment is expected to grow at the highest CAGR between 2017 and 2022
• The power generation segment is anticipated to be the fastest-growing end-use industry segment of the global anti-corrosion coating market
• Asia Pacific is anticipated to be the fastest-growing market for anti-corrosion coating during the forecast period

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Based on region, the global anti-corrosion coating market has been segmented into Asia Pacific, Europe, North America, the Middle East & Africa, and South America. The anti-corrosion coating market in the Asia Pacific region is anticipated to grow at the highest CAGR during the forecast period. This growth is mainly attributed to the increasing demand for anti-corrosion coating from the power generation and automotive & transportation industries in this region.

anti-corrosion coating market

This research study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg BusinessWeek, and Factiva) to identify and collect information useful for this technical, market-oriented, and commercial study of the global anti-corrosion coating market. Primary sources mainly include several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry’s supply chain. After arriving at the overall market size, the total market was split into several segments and subsegments.

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The fluctuating raw material cost is one of the major factors restraining the growth of the global anti-corrosion coating market. A majority of raw materials used for the production of anti-corrosion coatings are derived from petroleum. Fluctuations in crude oil prices impact the cost of raw materials such as acrylic, epoxies, polyurethanes, and alkyds used in the production of anti-corrosion coatings. Key players operating in the anti-corrosion coating market include AkzoNobel N.V. (Netherlands), PPG Industries, Inc. (US), Axalta Coating Systems Ltd. (US), BASF SE (Germany), The Sherwin-Williams Company (US), Ashland Inc. (US), Hempel A/S (Denmark), Jotun (Norway), RPM International Inc. (US), and Kansai Paint Co., Ltd. (Japan).

Attractive Market Opportunities in Automotive Adhesives Market

The report "Automotive Adhesives Market by Resin Type (Polyurethane, Epoxy, Acrylic, Silicone, SMP, Polyamide), Application (Body-in-White, Paint Shop, Powertrain, Assembly), Vehicle Type (Buses, Trucks, LCV), and Region - Global Forecast to 2021", The automotive adhesives market size is estimated to grow from USD 4.03 Billion in 2016 to USD 6.05 Billion by 2021, at a CAGR of 8.5% from 2016 to 2021.

Currently, the trend of making lightweight and fuel-efficient vehicles is encouraging the use of aluminum and other materials to decrease the weight of vehicle, which is boosting the use of adhesives in automobiles.

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Body in White is the largest application segment of the automotive adhesives market

Automotive adhesives are used in various applications. Body in white, paint shop, powertrain, and assembly are the main applications considered in the report. Globally, the body in white application held the largest share of the automotive adhesives market, in terms of volume, in 2015. Better toughness, enhanced strength, and reduced weight are achieved by using automotive adhesives in body in white. The assembly application segment is estimated to grow at the highest CAGR between 2016 and 2021 among all applications considered.

Polyurethane is the largest resin type in the automotive adhesives market

Various resin types considered in the automotive adhesives market are polyurethane, epoxy, acrylic, silicone, SMP, polyamide, and others. Polyurethane adhesive is currently the dominant adhesive type in the automotive adhesives market, followed by acrylics adhesives. The SMP adhesives segment is estimated to grow at the highest CAGR between 2016 and 2021 due to its superior properties such as the ability of bonding on different surfaces and UV & heat stability.

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Rising demand in Asia-Pacific is the major driver of the automotive adhesives market

Asia-Pacific is estimated to be the fastest-growing market, in terms of both volume and value, during the forecast period. Emerging markets in Asia-Pacific such as China, India, South Korea, and Southeast Asian countries are attracting global players to set up their manufacturing base in this region. In countries, such as China and India, the wide customer base is pulling manufacturers to cater the increasing demand of technologically advanced and quality products. Increased investments in various technological, infrastructural, and R&D sectors are driving the automotive adhesives market in the Asia-Pacific region.

Key Market Players:

Companies such as Henkel AG & Company (Germany), Bostik SA (France), H.B. Fuller (U.S.), 3M Company (U.S.), The Dow Chemical Company (U.S.), Sika AG (Switzerland), PPG Industries, Inc. (U.S.), and Illinois Tool Works Corporation (U.S.) are the key players in the global automotive adhesives market.

 

Attractive Market Opportunities in the Plastic Coatings Market

The plastic coatings market is projected to reach USD 7.76 Billion by 2021, at a CAGR of 5.5% during the forecast period, 2016 to 2021. This growth is driven by the increasing demand from automotive end-use industry and increasing trend towards green, environment-friendly coating materials.

Plastic coating is the process of covering the surface of a substrate with coating resins, to enhance its functional, protective, and decorative properties. The type of resin mix and plastic substrate largely determines the coating’s performance and characteristics, such as resistance from water and scratch, ability to protect against corrosion, and providing gloss or matt finish. Commonly, polyurethane, acrylic, epoxy, and vinyl resins are used in plastic coatings. Key players operational in the plastic coatings market include PPG Industries Inc. (U.S.), Eastman (U.S.), Bayer AG (Germany.), Axalta Coating Systems (U.S.), and AkzoNobel N.V. (Netherlands).

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In recent times, key companies have adopted various strategies, such as expansions, mergers and acquisitions, new product launches, partnerships, agreements, and joint ventures. The growing demand of plastic coatings from emerging economies has resulted in a surge of strategic initiatives in recent times, and it is anticipated to continue in near future. The companies are also making investments to strengthen their sales and distribution networks, enhance their market visibility, and strengthen their position in the plastic coatings market.

AkzoNobel N.V. is a leading producer of plastic coatings globally. The company is focusing on new product launches as well as business expansion strategies to strengthen its market position and consolidate its financial position in the global plastic coatings market. The company opened its largest technology center in China for USD 7.1 million, in May 2016. This technology center helped the company to innovate new products and support the development of coating, paints, and specialty products. The company also expanded its Indonesian performance coating plant for USD 2.8 million, in 2016. This investment increased the company’s production capacity by 40% and helped to meet the domestic market demand.

PPG International Inc. is another major player in the plastic coatings market. The company invested USD 7.8 million at its Coatings Innovation Center in Pennsylvania, U.S., in February 2016. This expansion helped the company to improve its research and development activities for paints and coatings. The company opened a coatings center of excellence in Tianjin, China for USD 10 million, in June 2016. This helped the company to serve regional customers in the automotive plastics and decorative market place. The company acquired global coatings services provider MetoKote, a coating service provider for manufactured parts and assembled products, in July 2016.