The flat glass coating market attained $1.9 billion in 2021, and is projected to reach $11.0 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031.
Coatings are used on glass surfaces to give specific advantages to glass items. Flat glass is treated with coatings to offer particular traits and features, such as self-cleaning, water and dirt retardation, corrosion resistance, energy efficiency, and greater durability to the glass. Glass surface is exposed to vapors that bond to the glass surface, and consequently, produces a coating. Coated glass is generally utilized in mirrors and other aesthetic applications. When the coatings are applied on the glass surfaces it adds particular properties to it and gives rise to a broad range of products. Due to the exposure of flat glass surfaces, a coating is produced when vapors are generated. Different resins, such as polyurethane resin, acrylic, and epoxy, can be used to cover flat glass. Increasing demand for ornamental goods adds to the expansion of the flat glass coatings market. Flat glass is predominantly utilized in the construction of commercial and residential buildings.
An increase in demand for ornamental items is anticipated to stimulate the worldwide flat glass coatings market during the forecast period. In beauty & cosmetics, architecture, and other industries, the need for ornamental mirrors is growing. The increase in the number of architectural constructions is anticipated to boost the flat glass coatings market. In addition, an increase in disposable income and a change in lifestyles are potential growth opportunities for the flat glass coatings market. Glass facades are gaining immense popularity, particularly in the construction of commercial buildings. However, the high cost of nano coatings is expected to have a negative impact on the flat glass coatings market throughout the forecast period.
The Asia-Pacific (APAC) region is anticipated to lead the flat glass coatings market during the forecast period. This is mostly attributable to increasing demand for flat glass coatings in developing nations such as Japan and South Korea for automotive and construction industries. The industrial sector in Japan and South Korea is expected to expand due to the recent increase in government spending for infrastructure construction and an increase in foreign direct investments. In turn, this is anticipated to generate a large volume demand in Japan and South Korea for such coatings, driving up market growth.
The global flat glass coating market is segmented into resin type, technology, application, and region. Depending on resin type, the market is classified into polyurethane, epoxy, acrylic and others (silicone and alkyd). On the basis of technology, it is categorized into solvent-based, water-based and nano coatings). On the basis of application, it is categorized into mirror coatings, solar power, architectural, automotive, decorative and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global flat glass coating market 3M Company, Apogee Enterprises, Inc, Arkema Group, Be cool glass coating, FENZI SpA, Ferro Corporation, Gulbrandsen, Hesse Gmbh & Co. KG, Nippon Paints Holdings Co. Ltd, Nukote Coating Systems International, PPG Industries Inc., The Sherwin-Williams Company, Unelko Corporation, Vitro, Yantai Jialong Nano Industry Co., Ltd. Other players operating in the Flat glass coatings market are Vitro Architectural Glass, SunGuard, DIAMON-FUSION, Tribos Coatings.
Coatings are used on glass surfaces to give specific advantages to glass items. Flat glass is treated with coatings to offer particular traits and features, such as self-cleaning, water and dirt retardation, corrosion resistance, energy efficiency, and greater durability to the glass. Glass surface is exposed to vapors that bond to the glass surface, and consequently, produces a coating. Coated glass is generally utilized in mirrors and other aesthetic applications. When the coatings are applied on the glass surfaces it adds particular properties to it and gives rise to a broad range of products. Due to the exposure of flat glass surfaces, a coating is produced when vapors are generated. Different resins, such as polyurethane resin, acrylic, and epoxy, can be used to cover flat glass. Increasing demand for ornamental goods adds to the expansion of the flat glass coatings market. Flat glass is predominantly utilized in the construction of commercial and residential buildings.
An increase in demand for ornamental items is anticipated to stimulate the worldwide flat glass coatings market during the forecast period. In beauty & cosmetics, architecture, and other industries, the need for ornamental mirrors is growing. The increase in the number of architectural constructions is anticipated to boost the flat glass coatings market. In addition, an increase in disposable income and a change in lifestyles are potential growth opportunities for the flat glass coatings market. Glass facades are gaining immense popularity, particularly in the construction of commercial buildings. However, the high cost of nano coatings is expected to have a negative impact on the flat glass coatings market throughout the forecast period.
The Asia-Pacific (APAC) region is anticipated to lead the flat glass coatings market during the forecast period. This is mostly attributable to increasing demand for flat glass coatings in developing nations such as Japan and South Korea for automotive and construction industries. The industrial sector in Japan and South Korea is expected to expand due to the recent increase in government spending for infrastructure construction and an increase in foreign direct investments. In turn, this is anticipated to generate a large volume demand in Japan and South Korea for such coatings, driving up market growth.
The global flat glass coating market is segmented into resin type, technology, application, and region. Depending on resin type, the market is classified into polyurethane, epoxy, acrylic and others (silicone and alkyd). On the basis of technology, it is categorized into solvent-based, water-based and nano coatings). On the basis of application, it is categorized into mirror coatings, solar power, architectural, automotive, decorative and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global flat glass coating market 3M Company, Apogee Enterprises, Inc, Arkema Group, Be cool glass coating, FENZI SpA, Ferro Corporation, Gulbrandsen, Hesse Gmbh & Co. KG, Nippon Paints Holdings Co. Ltd, Nukote Coating Systems International, PPG Industries Inc., The Sherwin-Williams Company, Unelko Corporation, Vitro, Yantai Jialong Nano Industry Co., Ltd. Other players operating in the Flat glass coatings market are Vitro Architectural Glass, SunGuard, DIAMON-FUSION, Tribos Coatings.
IMPACT OF COVID-19 ON THE GLOBAL FLAT GLASS COATINGS MARKET
- COVID-19 has spread across the globe and effected almost all aspects of life.
- Some major economies that have suffered severely from the COVID-19 crisis include Germany, France, Italy, Spain, the UK, and Norway.
- In addition, due to lockdown and other restrictions imposed by governments to prevent the spread of infections, there was a shortage of raw supplies as well as manpower, further harming the supply chain for the market.
- Due to a lack of raw materials and interruptions in the supply chain, supplier contracts were terminated to reduce expenses. Due to reasons such as the stoppage of construction operations, supply chain constraints, and a temporary halt in production, the demand from building and construction industries decreased.
- However, after the pandemic, as the supply chains return to normal after the restrictions were lifted, market participants in this market have explored measures to minimize the pandemic's impact on their business.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the flat glass coating market analysis from 2021 to 2031 to identify the prevailing flat glass coating market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the flat glass coating market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global flat glass coating market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Technology
- Nano coatings
- Solvent based
- Water Based
By Application
- Mirror Coating
- Solar Power
- Architectural
- Automotive
- Decorative
- Others
By Resin Type
- Polyurethane
- Epoxy
- Acrylic
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- UK
- Spain
- Italy
- Rest of Europe
- Germany
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Yantai jialong Nano industry Co., Ltd.
- The Sherwin-Williams Company
- Unelko Corporation
- 3M
- Apogee Enterprises, Inc.
- Arkema Group
- Bee cool glass coating
- FENZI SpA
- Ferro Corporation
- Gulbrandsen
- Hesse GmbH & Co. KG
- hesse gmbh & co. kg
- Nippon Paints Holdings Co. Ltd
- Nukote Coating Systems, Intl
- PPG Industries
- The Sherwin-Williams Company
- Vitro
- Yantai jialong Nano industry Co., Ltd
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FLAT GLASS COATING MARKET, BY RESIN TYPE
CHAPTER 5: FLAT GLASS COATING MARKET, BY TECHNOLOGY
CHAPTER 6: FLAT GLASS COATING MARKET, BY APPLICATION
CHAPTER 7: FLAT GLASS COATING MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Flat Glass Coating Market," the flat glass coating market was valued at $1.9 billion in 2021, and is estimated to reach $11.0 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031.Flat glass refers to all sheets of glass, including float glass, cast glass, and blown flat glass. Flat glass coatings are solvent-based coatings that improve the glass's appearance, durability, usefulness, and performance. These coatings are composed of a single component or numerous components that provide improved aesthetics and performance. These coatings are predominantly used in the architectural, automotive, solar energy, electronic, and ornamental industries.
Increase in acceptance of solar installations and interest in eco-friendly renewable sources or sustainable energy sources are anticipated to fuel demand for solar-powered boards, hence boosting the need for glass coatings. In addition, increased awareness about energy conservation, independence, and favorable government restrictions are anticipated to stimulate demand for design applications. The expansion of the business sector is anticipated to continue due to increased development costs driven on by growing urbanization and governmental infrastructure projects. In addition, rapid innovations in transportation, renewable energy sources, the social and corporate framework, government convenience, and security infrastructure will bolster the expansion. Increase in green commercial building construction, particularly in North America, Asia-Pacific, and the Middle East and Africa, is anticipated to increase demand for flat glass coatings throughout the projected period. The expansion of the market for flat glass coatings is anticipated to be hampered mostly by low levels of consumer awareness and expensive prices. In addition, market expansion is anticipated to be hindered due to the lengthy drying time of such coatings in cold weather, which hinders manufacturing efficiency at production sites. Consequently, these factors are anticipated to impact the market throughout the forecast period. However, investment in R&D may result in the creation of innovative new products and create opportunities for expansion for the flat glass coating market. However, as both Japan and South Korea continue to invest in solar energy, their demand for solar panels is growing as a result of the region's improved environmental circumstances. This increases demand for the flat glass coating industry.
The flat glass coating market is segmented into resin type, technology, application, and region. Depending on resin type, the market is classified into polyurethane, epoxy, acrylic and others (silicone and alkyd). On the basis of technology, it is categorized into solvent-based, water-based and nano coatings). On the basis of application, it is categorized into mirror coatings, solar power, architectural, automotive, decorative and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global flat glass coating market are 3M Company, Apogee Enterprises, Inc, Arkema Group, Be cool glass coating, FENZI SpA, Ferro Corporation, Gulbrandsen, Hesse Gmbh & Co. KG, Nippon Paints Holdings Co. Ltd, Nukote Coating Systems International, PPG Industries Inc., The Sherwin-Williams Company, Unelko Corporation, Vitro, Yantai Jialong Nano Industry Co., Ltd.
Other players operating in the flat glass coatings market are Vitro Architectural Glass, SunGuard, DIAMON-FUSION, and Tribos Coatings.
Key Findings of the Study
- The report outlines the current flat glass coating market trends and future scenario of the market from 2022 to 2031 to understand the prevailing opportunities and potential investment pockets.
- The market size is provided in terms of revenue and volume.
- On the basis of resin type, the polyurethane segment is expected to grow at a CAGR of 21.4%, in terms of revenue, during the forecast period.
- On the basis of technology, the nano coatings segment is expected to grow at a CAGR of 23.8%, in terms of revenue, during the forecast period.
- Depending on application, the automotive segment is expected to grow at a CAGR of 23.0%, in terms of revenue, during the forecast period.
- Region wise, Asia-Pacific garnered a share of 41.4% in 2021 in terms of revenue.
- Japan garnered 9.3% market share in Asia-Pacific region and is projected to grow at a CAGR 20.3% during the forecasted period.
- South Korea occupied 3.5% market share in Asia-Pacific region and is projected to grow at a CAGR 17.8% during the forecasted period.
IMPACT OF COVID-19 ON THE GLOBAL FLAT GLASS COATINGS MARKET
- COVID-19 has spread across the globe and effected almost all aspects of life.
- Some major economies that have suffered severely from the COVID-19 crisis include Germany, France, Italy, Spain, the UK, and Norway.
- In addition, due to lockdown and other restrictions imposed by governments to prevent the spread of infections, there was a shortage of raw supplies as well as manpower, further harming the supply chain for the market.
- Due to a lack of raw materials and interruptions in the supply chain, supplier contracts were terminated to reduce expenses. Due to reasons such as the stoppage of construction operations, supply chain constraints, and a temporary halt in production, the demand from building and construction industries decreased.
- However, after the pandemic, as the supply chains return to normal after the restrictions were lifted, market participants in this market have explored measures to minimize the pandemic's impact on their business.
Companies Mentioned
- Yantai Jialong Nano Industry Co. Ltd.
- The Sherwin-Williams Company
- Unelko Corporation
- 3M
- Apogee Enterprises, Inc.
- Arkema Group
- Bee Cool Glass Coating
- Fenzi Spa
- Ferro Corporation
- Gulbrandsen
- Hesse GmbH & Co. Kg
- Hesse GmbH & Co. Kg
- Nippon Paints Holdings Co. Ltd
- Nukote Coating Systems, Intl
- Ppg Industries
- The Sherwin-Williams Company
- Vitro
- Yantai Jialong Nano Industry Co. Ltd
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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