Glass Coating Market analysis, Growth Impact and Demand By Regions Till 2027
Glass Coating Market Overview:
The Glass Coatings Market was valued at USD 5.25 billion by 2027 and is expected to expand at a CAGR of 22% from 2020 to 2027.
The new research report from Market Research Future (MRFR) profiles the global glass coatings market in great detail and provides readers with a comprehensive overview of the market. The market’s historical growth trajectory, present conditions, and future growth prospects over the forecast period from 2020 to 2027 are studied in the report. The report provides a comprehensive overview of the market’s historical growth trajectory by detailing the historical stats regarding the market. Future projections are based on the detailed historical stats offered in the report. Based on this platform, future projections for the glass coatings market analysis trajectory over the forecast period are provided in the report. The report also profiles the leading players in the global glass coatings market and gives readers a comprehensive analysis of the leading players in the global glass coatings market. The report also profiles the major drivers and restraints affecting the global glass coatings market. The factors making the market tick and those holding the market back are studied in detail in the report. The impact of the COVID-19 pandemic on the glass coatings market is also assessed in the report.
Glass coatings are applied to glass to impart various properties, including higher physical strength, corrosion resistance, and easy cleanability. Glass can be highly fragile without the application of coatings. Due to this, the global glass coatings market is expected to rise at a strong pace over the forecast period. The growing demand for coated glass in the automotive industry is likely to be a major driver for the global glass coatings market over the forecast period. The automotive industry uses glass in windows and screens. The physical strength of the glass used in these applications is paramount, as this glass needs to be tough enough to survive physical impact in case of crashes. The growing demand for strong glasses from the automotive industry is likely to be a major driver for the global glass coatings market over the forecast period.
The construction industry is also likely to be a major player for the global glass coatings market over the forecast period. Glass coatings are highly useful for building windows, as they allow easy cleanups and enable higher resistance to corrosion. The need for stronger, better windows in construction work is likely to remain a major driver for the global glass coatings market over the forecast period.
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Segmentation:
The global glass coatings market is segmented on the basis of type, technology, application, and region.
By application, the global glass coatings market is segmented into automotive, construction, marine, aviation, aerospace, paints and coatings, and others. The automotive industry dominates proceedings in the global glass coatings market. However, the construction industry is likely to exhibit a higher growth rate over the forecast period.
By technology, the global glass coatings market is segmented into nano glass coatings and liquid glass coatings. The nano glass coatings segment is likely to dominate the global glass coatings market over the forecast period due to its higher resistance to UV radiation and longer lasting finish.
The global glass coatings market is segmented by type into pyrolytic coatings, magnetron sputtering coatings, and sol-gel coatings. The pyrolytic coating segment dominates the global glass coatings market and is likely to remain in the lead over the forecast period due to the growing demand from the automotive industry. The sol-gel coating segment is expected to exhibit the highest CAGR over the forecast period.
Regional Analysis:
Asia Pacific holds the largest share in the global glass coatings market due to the growing consumption of glass coatings in the automotive and construction industries in the region. Japan is the leading regional market within Asia Pacific, followed by China, South Korea, and India.
Competitive Leaderboard:
Leading players in the global glass coatings market include Emirates Float Glass, Corning Inc., Saint-Gobain, Murata Manufacturing Co. Ltd., The NSG Group, Kyocera Corp., Schott AG, Morgan Advanced Materials, and PPG Industries.
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