Global flat glass coatings market analysis reveals that market experienced year-on-year (YoY) growth of 13.6% in 2021 to reach US$ 1.9 Billion in December 2021.
Demand for architectural coatings surged 17.9% to reach a valuation of US$ 383.2 Million, while that for nano coatings was up 13.7% to reach US$ 291 Million in 2021. Demand for mirror coatings is on the rise with continuous increase in spending on home décor items such as mirrors. Besides, as consumers’ residual income escalates, they tend to increase their overall spending on the decorative aspects of their homes, which is anticipated to cause an escalation in the overall market growth for flat glass coatings.
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Key Takeaways from Market Study:
- By resin type, polyurethane flat glass coatings are projected to provide an absolute $ opportunity worth US$ 6.16 Bn over the forecast period of 2022-2032.
- By product type, solvent based coatings accounted for 54.7% market share in 2022.
- Among the applications, demand for mirror coatings is anticipated to expand around 8.2X in market value by 2032.
- Architectural coatings are poised to create an absolute $ opportunity worth US$ 1.49 Bn by 2032.
- North America is set to hold around 28.3% share in the global flat glass coatings market by 2032.
- Europe is predicted to provide an absolute dollar opportunity worth US$ 2.62 Bn by 2032.
Competitive landscape:
Arkema, Apogee Enterprises, Bee Cool Glass Coatings, DOW Corning, FENZI, Ferro Corporation, Sherwin-Williams Company, Vitro Architectural Glass, Nippon Paint, SunGuard, Hesse, Diamon-Fusion International, Nano-Care Deutschland, Sunguard, and Tribos Coatings are major manufacturers of flat glass coatings.
Fact.MR has provided detailed information about the overall strategies adopted by players in the flat glass coatings market, along with their detailed overviews of the sales analysis of flat glass coatings, top flat glass coatings manufacturers, top solar coating brands, top architectural coating manufacturers, including SWOT analysis and sales generated from target flat glass coating products of top flat glass coatings manufacturers positioned across geographies.
Winning Strategy:
A vital strategy for flat glass coating suppliers has been to set up manufacturing facilities in high-potential locations and invest in the research and development of innovative coatings that are customized to the requirements of end users.
Manufacturers should obviously increase their production capacity, and, as a result, aim to offer innovative products that are tailored to the custom needs of end users, with focus on sustainability. Additionally, collaborations with end users should remain a vital strategy for manufacturers, as they would become aware of the needs of consumers, and, in turn, develop application-specific products, thereby catering to diverse customers across geographies.
Key Segments of Flat Glass Coatings Industry Survey:
· By Resin:
- Polyurethane
- Epoxy
- Acrylic
- Other Resins
· By Product Type:
- Solvent-based
- Water-based
- Nano Flat Glass Coatings
· By Application:
- Mirror Coatings
- Solar Power
- Architectural
- Automotive
- Other Applications
· By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
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Questionnaire answered in the Market outlook Report of Flat Glass Coatings include:
- What is the key strategy deployed by large players to maximize Flat Glass Coatings Market growth?
- What are the main challenges faced by players in the Flat Glass Coatings market Demand?
- With the advent of technological advancement, how will the Flat Glass Coatings market landscape change over the forecast period?
- What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Flat Glass Coatings market size?
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