24 July 2020
Visiongain has published a new report Flat Glass Coatings Market Report 2020-2030: Forecasts by Types of Resin (Polyurethane, Acrylic, Epoxy), by Technology (Solvent-based, Water-based, and Nano-based), by Application (Mirror, Solar Power, Automotive & Transportation, Architectural, Decorative), by Technique (Brushing Technique, Spraying Technique, Dipping Technique, Flowing Technique, Thin Film Sputtering) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
According to Visiongain, the Global Flat Glass Coating market was valued at US $xx billion in 2019 and is projected to reach at a market value of US $xx billion by 2030. Global market is expected to grow at a CAGR of xx% during the forecast period 2020-2030. The market is estimated to grow at a CAGR of xx% in the first half period 2020-2025 and is projected to grow at CAGR of xx% in the other half period 2025-2030. Flat Glass coating saves energy, lessening the emission of carbon dioxide. Coatings offer solar protection, special reflection, resistance to corrosion and self-cleaning. Coating technology is used to produce a variety of products: low-emissivity (low-E) glass, solar control glass, anti-reflective glass, hydrophobic glass, self-cleaning glass and other products. The global market for flat glass coatings has been growing at a significant pace, in sync with the flat glass industry, for the past five years. Global economic downturns affected many end-user industries of flat glass coatings, including construction, automotive and solar glass industries. This, in turn, affected the flat glass coatings market considerably. In addition, advancement in glass coating technology induced change in the construction sector, supported a reduction in the consumption of global energy and emission of carbon dioxide (CO2) and spurred construction of zero-energy buildings.
Market Growth Propellers
Increasing Demand for Solar Glass
The need for energy has been increasing worldwide. Continuously increasing energy prices are posing challenges for energy consumption. This results in the production of energy from renewable sources, which is also in high demand. Innovative concepts have to be developed mainly in countries, such as India and China, where the supply of energy has to meet the growing population. Solar energy has become a significant energy source and market, which is expected to grow at a rate up to 30% by 2030. All developed and developing countries are focusing on a solar energy module industry to generate electricity and overcome the high demand for energy.
Shorter Lead Times for Fast-Track Projects
Fast-track scheduling is widely used for industrial and commercial construction. Recently, it has extended to the construction of educational, health and government-owned facilities. This technique increases the use of flat glass coatings in the construction industry. This broader application stems from the present cost growth within the construction industry, which culminated in fixed construction budgets for customers. This will affect their purchasing power in the time it takes to complete a construction project. Construction costs have been increasing at approximately 12-15% per year.
Challenges in the Market
Increasing Cost of Energy
Energy and raw materials account for a significant share of production costs in the glass manufacturing process, followed by labor cost and overheads. The raw materials for manufacturing glass include sand, dolomite, soda-ash, limestone, sodium sulphate, etc., which account for 40% of the total flat glass production cost. It is not feasible for most of the products to be transported more than about 500 Km as glass is fragile. Extra caution and handling costs (approximately 15%) are incurred during the transportation of flat glass. Overhead and labor charges account for 6% and 9%, respectively, while the energy consumed via electricity, gas and other power sources account for 30% of the total float production cost.
The global market is highly competitive with the existence of key participants such as Sherwin-Williams Co., Arkema Inc.; Nippon Paint Holdings Co. Ltd, Ferro Corporation; and PPG Industries. Product innovation is likely to open up new opportunities over the next few years. This is also expected to impel overall competitiveness as manufacturers are striving to increase their production capacities and product portfolios. Sherwin-Williams Co. has hold of the largest share in the global flat glass coatings market with 11.4%. Arkema S.A. and Nippon Paint Holdings Co. Ltd were ranked second and third with 9.1% and 8.9% of market share in the global market, respectively in 2019.
Companies Profiled in the report
• Sherwin-Williams Co
• Arkema S.A.
• Nippon Paint Holdings Co Ltd
• Ferro Corporation
• Apogee Enterprises Inc
• PPG Industries, Inc.
• Axalta Coating Systems Ltd
• Yantai Jialong Nano Industry Co., Ltd.
• Warren Paint & Color Co.
• Tribos Coatings Ltd
• Other Companies
The comprehensive report provides on flat glass coatings market estimates and forecast for leading domestic markets across the world for the period 2020 to 2030. In addition, the report includes dedicated leading companies covering 10 leading flat glass coatings players. The study also includes a thorough overview of the business sector and comprehensive overview of the current flat glass coatings market.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to firstname.lastname@example.org or call her on +44 (0) 20 7549 9987.
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
The need for energy has been increasing worldwide. Continuously increasing energy prices are posing challenges for energy consumption.
24 July 2020
Thermoforming is a manufacturing process in which paperboard, plastic, or aluminium sheets are heated to a temperature such that the desired product can be easily bent. Thermoform packaging is primarily used to store food to keep it fresh and to increase the product’s shelf life. Retailers, the owners of products and food processors favour thermoformed plastic containers over other packaging techniques.
02 March 2020
he growth of the global aluminum die casting market is owed to the growing automotive market, growth of the construction industry & usage of aluminum casts in the electrical & electronics industry, and growing penetration of die casting parts in industrial machinery among others
09 January 2020
Industrial growth has culminated in new construction, both commercial and non-commercial, despite the economic slowdown