According to Fact.MR’s (a market research and competitive intelligence provider) recently released report on flat glass coatings, the global market is poised to be worth US$ 2.16 Bn in 2022, and surge ahead at a CAGR of roughly 20.2% from 2022 to 2032. Increased demand for flat glass coatings from the solar power generation, mirror manufacturing, and automobile manufacturing industries is majorly driving market expansion
There has been growing demand for smart mirrors, which, in turn, would require innovative glass coatings to go in sync with smart mirror coating requirements. Additionally, growing demand for sustainable energy, reduced carbon footprint, and favorable government regulations aimed at lowering fossil fuel usage are expected to move the solar power sector forward. As these coatings improve the overall efficiency and life of solar panels, demand is poised to grow at a rapid pace over the decade.
Flat glass coatings in solar projects are expected to be in high demand in the solar module manufacturing industry. Solar panels are becoming more popular as people become highly aware of sustainable energy sources. Besides, nano coatings are expected to become more popular in automotive applications as manufacturers continue to target end users and develop custom products suited to clients’ requirements.
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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.
Competition Landscape
Major manufacturers of flat glass coatings include 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.
Innovative Flat Glass Coatings Revolutionizing the Industry
Flat glass coatings are specialised layers placed to glass surfaces to improve its durability, energy efficiency, and aesthetics. These coatings are becoming indispensable in industries such as construction, automotive, and solar energy because to their multiple benefits, which include UV protection, heat resistance, and better light transmission.
Flat glass coatings are critical in the solar energy industry for increasing photovoltaic panel efficiency. These coatings improve light transmission and reduce reflection, allowing solar panels to catch more sunlight and produce more electricity.
Read More: https://www.globenewswire.com/fr/news-release/2022/06/20/2465527/0/en/Flat-Glass-Coatings-Market-Driven-by-Rising-Demand-for-Renewable-Energy-and-Escalating-R-D-to-Improve-Solar-Power-Generation-Efficiency-Evaluates-Fact-MR.html
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