Flat Glass Coatings Market

Key Question Answered in Report

• How will flat glass coating sales expand until 2031?

  Fact.MR projects the flat glass coatings market to reach over US$ 4 billion by 2031, expanding at a staggering 15% CAGR across the 2021-2031 forecast period.

• Which is likely to be the most promising market for flat glass coatings?

  China is anticipated to post spectacular gains, reaching nearly US$ 1 billion by 2031, and inclining at an astronomical CAGR exceeding 20%.

• By resin, which are likely to be the most widely deployed flat glass coatings?

  Acrylic coatings are anticipated to expand at 15% CAGR across the forecast period, capturing a revenue share exceeding 40%. However, polyurethane coatings shall generate impressive demand, reaching almost US$ 2 billion valuation.

• Which is the dominant flat glass coatings technology?

  Water-based flat glass coatings are likely to surpass 50% of total revenue share through 2021 and beyond.

Report Also Addresses:

• Market Estimates and Forecasts (2016-2031)
• Key Drivers and Restraints Shaping Market Growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand Share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Flat Glass Coatings and How to Navigate
• Recommendation on Key Winning Strategies

Flat Glass Coating Demand from 2016-2020 vs Future Market Projections from 2021-2031

During the historical period (2016-2020), sales of flat glass coatings reached an impressive valuation, closing in at over US$ 1 billion as of 2020. Flat glass is widely used in construction of buildings- both in commercial and residential sectors.

Rapid advancements in infrastructure development with regard to architecture, automotive and energy generation have largely sustained this growth. Prospects took a significant dip during the pandemic crisis, as global infrastructure projects took a temporary backseat. However, future prospects appear bright, with an anticipated CAGR of over 15% to reach US$ 4 billion by 2031.

How is Rapid Infrastructure Development Heightening Flat Glass Coating Demand?

Large-scale urbanization in the wake of a rapidly expanding population has boded well for the global infrastructure sector. As per Oxford Economics, global infrastructure investment is likely to reach US$ 94 trillion by 2040, representing a 19% surge compared to current levels.

Majority of this expansion is likely to be driven by increased spending on housing projects, which is expected to significantly widen prospects for flat glass coatings. This is because residents will spend on various interior architectural accessories such as mirrors and glass coverings.

Will Sustainability Concerns Influence Future Demand for Flat Glass Coatings?

As the world becomes increasingly conscious about the perils of relying on conventional energy sources, efforts are underway to transition towards more eco-friendly alternatives, providing stimulus to international efforts to promote sustainable consumption & production.

A major application area for flat glass coatings is expected to be across solar power generation. Worldwide, countries such as China, the U.S, Japan and South Korea are investing in the production of solar energy infrastructure such as photovoltaic cells and panels, which extensively utilize flat glass coatings for efficient energy flow.

Country-wise Analysis

Why is the U.S an Attractive Market for Flat Glass Coatings?

Sales of flat glass coatings across the U.S. were estimated to be valued at over US$ 400 million in 2020. Increasing demand for sustainable construction material and rising awareness about green initiatives is pivoting sales across the region.

Flat glass coatings are expected to surge in demand majorly for mounting on solar panels. As per SAUR Energy International, solar power generation has inclined massively in previous years, comprising 26% Y-o-Y increase in 2020, producing just under 91 billion KwH of solar thermal and photovoltaic power.

How is China Capturing a Lucrative Share in the Flat Glass Coatings Landscape?

Demand for flat glass coatings across China is anticipated to register stellar growth, with an anticipated CAGR of over 20% through 2031. According to Fact.MR, a valuation of approximately US$ 1 billion is predicted for the Chinese market.

As per the IEA Renewables 2020 report, China by far comprises of the world’s largest installed solar energy fleet, measured at 205 GW in 2019. That same year, power generation from solar energy totaled 223.6 terawatt hours in the country. Hence, uptake across solar power generation is the maximum. Additionally, uptake across the automotive sector is equally high.

Why is a Robust Real Estate Sector Heightening India’s Demand for Flat Glass Coatings?

According to the India Brand Equity Foundation (IBEF), real estate in India is forecast to reach US$ 650 billion, representing 13% of the country’s GDP by 2025. As of 2020, the industry attracted US$ 5 billion in institutional investments. Rapidly increasing population and urbanization is the chief growth driver.

As this expansion occurs, allied industries such as home décor, architecture and home accessories such as mirrors, fiberglass, regular glass and other artifacts are also surging, which are stimulating demand for flat glass coatings across the country.

Category-wise Insights

Why are Acrylic Flat Glass Coatings Surging in Demand?

By resin, acrylic flat glass coatings are expected to surge at a record CAGR of over 15% until 2031, having accounted for a market share of nearly 40% as of 2020. Bio-based acrylic resins are the most widely used due to high demand for eco-friendly products.

Rapid urbanization and industrialization have led to a rise in construction spending in emerging nations, which, in turn, has resulted in the increased demand for acrylic resins in the architectural and industrial sectors.

How are Sales of Flat Glass Mirror Coatings Acquiring Momentum?

By application, flat glass mirror coatings are anticipated to generate bulk of the total revenue, generating more than 2/5 sales as of 2020. Extensive application of mirrors across prominent industries, including automotive, personal care and architecture are stimulating demand.

Applications are also heightening amid adoption of smart mirrors over the forecast period. These act as effective substitutes for rear mirrors in automobile applications by offering integrated GPS navigation and other features.

Which is the Most Emergent Flat Glass Coatings Technology?

By technology, water-based flat glass coatings are likely to tower over others, capturing a revenue share exceeding 50% as of 2020. These coatings offer high resistance to temperature changes and impact resistance and provide better adhesion.

Furthermore, these coatings are excellent alternatives to solvent-based ones, as these are considered environmentally unsustainable. Solvent-based coatings emit high concentrations of VOCs, thus prompting manufacturers to switch to other alternatives.

Competitive Landscape

Prominent manufacturers are investing in high-grade innovations in order to stay afloat in a highly competitive environment. Additionally, players rely on capacity expansion in the form of collaborations, mergers & acquisitions, and partnerships.

• In May 2021, Arkema Group acquired Agiplast, a leader in the regeneration of high-performance polymers, including polyamides and fluoropolymers, for offering high-quality recycled polymers. Moreover, this will also help the company manufacture more sustainable flat glass coatings.
• Bee Cool Glass Coatings is another prominent manufacturers of flat glass coatings, offering coatings for window films, window tints, security films, frosting, decorative films, and anti-graffiti coatings respectively. These block 97-99% UV rays, helping reduce fading.

*This list is indicative- full details about prominent market players is available upon request.

Report Scope

Key Market Segments Covered

• Application

  • Flat Glass Mirror Coatings
  • Flat Glass Coatings for Solar Power Generation
  • Flat Glass Coatings for Architectural Applications
  • Flat Glass Coatings for Automotive Applications
  • Flat Glass Coatings for Other Applications

• Resin

  • Polyurethane Flat Glass Coatings
  • Epoxy Flat Glass Coatings
  • Acrylic Flat Glass Coatings
  • Other Resin Flat Glass Coatings

• Technology

  • Solvent-based Flat Glass Coatings
  • Water-based Flat Glass Coatings
  • Nano Flat Glass Coatings

• Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • East Asia
    • China
    • Japan
    • South Korea
  • South Asia
    • India
    • Rest of South Asia
  • Oceania
    • Australia
    • Rest of Oceania
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of MEA

Flat Glass Coatings Market - Scope of Report

A recent study by Fact.MR on the flat glass coatings market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering flat glass coatings.

The study also provides the dynamics responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies manufacturing flat glass coatings, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of flat glass coatings across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of flat glass coatings during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Report

• Which are the most lucrative markets for flat glass coatings?
• Which factors will impact the growth of the flat glass coatings market?
• How will changing trends impact the strategies of market players?
• How can market players capture the low-hanging opportunities across regions?
• Which companies are leading the flat glass coatings industry?
• What are the winning strategies of stakeholders in the market?

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Market estimates at global and regional levels for flat glass coatings are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global flat glass coatings market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the flat glass coatings market during the forecast period.

Country-specific valuation on demand for flat glass coatings has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value and volume for emerging countries has also been included in the report.

In-depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers of flat glass coatings, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering flat glass coatings has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the flat glass coatings market, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.