WASHINGTON, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global Flat Glass Coatings Market finds that increase in the infrastructural development activities is expediting market growth. Primarily due to the extensive usage in building construction-both in commercial and residential sectors through different emerging economies, the total Global Flat Glass Coatings Market is estimated to reach 7455.8 Million by 2028.
The market stood at a revenue of 1,986.2 Million in the year 2021, and is expected to grow at a Compound Annual Growth Rate (CAGR) of 20.8%.
Furthermore, the increasing technological advancements are also anticipated to augment the growth of the Global Flat Glass Coatings Market, states Vantage Market Research, in a report, titled “Flat Glass Coatings Market by Resin Type (Polyurethane, Epoxy, Acrylic, Others), by Technology (Solvent-Based, Water-Based, Nano Coatings), by Application (Mirror Coatings, Solar Power, Architectural, Automotive & Application), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
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Market Dynamics:
Increasing inventions in glass technology to Fuel Global Flat Glass Coatings Market
Flat glass coating is getting popular, especially in the commercial construction industry. Multiple technical inventions in glass technology have enhanced the prevalent performance in light transmission, thermal insulation, and modulating solar heat, as well. Inventions, such as double glazed, solar control, and thermal insulation, have led to improved product application and installations. The global requirement for green buildings has grown enormously. Green buildings suit different social, environmental, as well as financial advantages. Flat Glass Coatings play a vital role in lowering the functioning costs of building. Thus, a peak in the construction of green buildings will instantly contribute to market growth.
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Increasing Architectural Designs and Unique Properties to Stimulate the Market Growth
The demand for decorative mirrors is anticipated to increase in beauty & maquillage, architecture, and additional industries. The peak in the number of architectural designs and growth in disposable earnings and developing lifestyles are aspects driving the glass coatings market. This attributes to the additional qualities and effects such as water & dirt retardation, corrosion antagonism, enhanced durability, and improved energy efficiency, and many others. Thus, acting as a factor to drive Flat Glass Coatings Market
COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the coatings industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
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The report on Flat Glass Coatings Market highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historic Data, Estimates and Forecast
- Company Profiles
- Global and Regional Dynamics
Regional Analysis:
Asia Pacific Dominates the Global Flat Glass Coatings Market
Asia Pacific has dominated the Global Flat Glass Coatings Market in 2021 and is likely to continue the same trend during the forecast period. This is attributable to the increasing adoption of these technologies and rising investment in R&D activities across the region. Furthermore, rising application in solar industries in these regions is also expected to support the regional growth of the market.
Asia Pacific is likely to witness fastest growth in the Flat Glass Coatings Market during the forecast period. This is attributable to the rapidly expanding construction sector, primarily in the U.S. and Mexico. Additionally, the increasing population growth, urbanization, and rising disposable income levels expected to support the growth of the Flat Glass Coatings Market in near future.
List of Prominent Players in the Flat Glass Coatings Market:
- Fenzi
- Arkema
- Ferro
- Vitro
- Sherwin-Williams
- Nippon Paint
- Nano-Care Deutschland
- Hesse
- Tribos Coatings
- Apogee Enterprises (Viracon)
- CCM GmbH
- Glas Trösch
- Nanoshine
- Diamon-Fusion
- Casix
- Warren Paint & Color
- Nanonix Japan
- Anhui Sinograce Chemical
- Yantai Jialong Nano Industry
- Sunguard (Guardian Glass)
- Advanced Nanotech Lab
- Pearl Nano
- Nanotech Coatings
- Bee Cool Glass Coatings
- DOW Corning
Browse market data Tables and Figures spread through 165 Pages and in-depth TOC on "Flat Glass Coatings Market by Resin Type (Polyurethane, Epoxy, Acrylic, Others), by Technology (Solvent-Based, Water-Based, Nano Coatings), by Application (Mirror Coatings, Solar Power, Architectural, Automotive & Application), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here – https://www.vantagemarketresearch.com/press-release/flat-glass-coatings-market-567776
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Flat Glass Coatings Market?
- How will the Flat Glass Coatings Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Flat Glass Coatings Market?
- What is the Flat Glass Coatings market drivers and restrictions?
- What will be the CAGR and size of the Flat Glass Coatings Market throughout the forecast period?
Recent Developments:
February 2021: Nippon Paint announced a strategic alliance with CCPL wherein the latter will manufacture and deliver selected waterproofing and sealant grades to Nippon Paint India.
This market titled “Flat Glass Coatings Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
| Report Attribute | Details |
| Market Size in 2021 | USD 1,986.2 Million |
| Projected Market Size in 2028 | USD 7455.8 Million |
| CAGR Growth Rate | CAGR of 20.8% From 2022 - 2028 |
| Base Year | 2021 |
| Historic Years | 2016 - 2020 |
| Forecast Years | 2022 - 2028 |
| Segments Covered | Resin Type: - Polyurethane, Epoxy, Acrylic, Others Technology: - Solvent-Based, Water-Based, Nano Coatings Application: - Mirror Coatings, Solar Power, Architectural, Automotive & Application, Decorative, Others |
| Quantitative Data - Units | Revenue in USD Million/Billion and CAGR from 2022 to 2028 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
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