Global Glass Coatings Market - WishTree Insight

Global Glass Coatings Market by Type (Nano Glass Coating, Liquid Glass Coatings, and Others), Applications (Aerospace & Aviation, Automotive, Building & Construction, Marine, and Others), and Regions, The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031

The glass coatings market size is expected to surpass USD 10.2 billion by 2031, expanding at a CAGR of 7 % during the forecast period, 2021–2031. The market's growth is attributed to the increasing demand for functionality and energy-efficient coated architectural glass products.

INTRODUCTION

Glass coating are thin films that are applied to the surface of glass used to improve the appearance of the glass, protection from damage, and increase its durability. This coating is widely used to reduce the emission of pollutants, and preserve glass's appearance and beauty. It acts as a repellent to water, dirt, and snow. It gives the glass durable protection, corrosion resistance, and cleansing properties.

Thus, it is widely used in applications like aviation, building and construction, marine, automotive, and many others because of its physical features. The purpose of glass coating is functional and decorative or both. This coating is applied to modify the appearance of glass that gives advanced functions and characteristics such as special reflection properties, corrosion resistance, low maintenance, scratch resistance, and others. The glass coating consists of silicon dioxide particles that act as a barrier to contaminate and increase shine.

Market Trends, Drivers, Restraints, and Opportunities

• Rising demand for decorative architectural glass coatings are a key driver to spur the global glass coatings market.
• Proliferation of intelligent buildings and green architecture projects is expected to drive the market.
• Growing popularity of Low-E and solar control architectural glass coatings is expected to increase the market growth.
• Increasing demand for energy-efficiency architectural glass coatings from the construction and automotive industries is expected to grow the market.
• Technological advancements in coating technologies will create lucrative growth in the market.
• The growing usage of innovative technologies is anticipated to spur the market.
• Factors such as reduced carbon emissions, optical effect, and increased energy storage are expected to create lucrative growth in the market.

Scope of the Report

Market Segment Insights

The glass coatings segment is projected to register a considerable CAGR

Based on type, the glass coatings market is divided into nano glass coating, liquid glass coatings, and others. The glass coatings segment is expected to expand rapidly during the forecast period. The growth of the segment is attributed to the rising demand for glass coatings from industries such as aerospace, marine, building & construction, and automotive industry.

The building & construction segment is expected to expand at a rapid pace

Based on applications, the glass coatings market is divided into aerospace & aviation, automotive, building & construction, marine, and others. The building & construction segment is expected to expand rapidly during the forecast period. The growth of the segment is attributed to the opening opportunities for manufacturers and industrialists.

Asia Pacific is anticipated to constitute a key market shar

In terms of regions, the glass coatings market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of the Asia Pacific region is expected to constitute a key share of the market during the projected period. The growth of the region is attributed to the increased demand for these coatings in the automotive and construction industry. However, the market of the North American region and Europe is anticipated to expand at a rapid pace during the forecast period owing to the rising demand in the automotive, building and construction, and aerospace.

Competitive Landscape

Key players competing in the glass coatings market are Covestro (German); Arkema (France); PPG Industries (U.S.); Opticote (U.S.); CCM GmbH (Germany); 3M Co. (U.S.); Henkel A.G. (Germany); Akzonobel N.V. (Netherland).

FAQs

Mention the market size of the glass coatings in 2031.

The glass coatings market size is expected to surpass USD 10.2 billion by 2031.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 7%.

What are the key drivers of the market?

The market's growth is attributed to the increasing demand for functionality and energy-efficient coated architectural glass products.

What segments are covered in the glass coatings report?

The segments covered in the report are type (nano glass coating, liquid glass coatings, and others), applications (aerospace & aviation, automotive, building & construction, marine, and others).

Mention the key players in the market.

Covestro (German); Arkema (France); PPG Industries (U.S.); Opticote (U.S.); CCM GmbH (Germany); 3M Co. (U.S.); Henkel A.G. (Germany); Akzonobel N.V. (Netherland)