Glass Coating offers the glass products durable protection, and repellency against dirt, water, or snow while keeping the aesthetic appearance of the glass, intact. Hence, Glass Coating is considered as the most practical solution to add unique properties such as increased mechanical & chemical stress and shatter & scratch protection to glass products.
Resultantly, Glass Coating experiences enormous demand in industries such as building & construction, automotive, marine, aviation, and others. Glass coating finds a huge application in the automotive industry. As a result, the Glass Coating garners a massive demand from all these burgeoning industries, which, in turn, drives growth the market, worldwide.
Considering the colossal growth that the market perceives currently, Market Research Future in it recently published study analysis, asserts that the Global Glass Coating Market would grow exponentially by 2023, registering a staggering CAGR during the review period (2017-2023).
Additional factors that are substantiating the growth of the market include the rising population, industrialization, and urbanization that are dictating the market demand for these coatings from the construction industry. The improving economic conditions, worldwide boost the growth of the market, increasing the consumers’ purchasing power. Furthermore, the increasing demand for the Glass Coating products in the sectors such as the petrochemicals and steel fosters the growth of the market, globally.
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Glass Coating Market – Competitive Landscape
Highly competitive, the Glass Coating Market appears to be fragmented due to the presence of several large and small-scale players. These players incorporate strategic initiatives such as collaboration, acquisition, expansion, and technology launch. These strategies not only help these players to expand their footprint but also improve the quality of the product and increase production capacity, meeting the rapidly growing demand. Manufacturers emphasize new product development initiatives and geographical expansion. With increasing industrialization and up-gradation of technology to manufacture batteries, makers are setting up facilities to manufacture Glass Coatings in the most efficient manner.
Fervent players leading the Global Glass Coating Market include PPG Industries (US), SCHOTT AG (Germany), Morgan Advanced Materials (UK), Kyocera Corp (Japan), Murata Manufacturing Co., Ltd (Japan), The NSG Group (Japan), Corning Inc. (US), Saint-Gobain (France), and Emirates Float Glass (UAE) among others.
Industry/ Innovation/ Related News:
May 22, 2019 —- Unelko Corporation (the U.S.), presented its futuristic glass coating technologies Invisible Shield PRO 15 and REPEL Protective Glass Coatings at the CHINA GLASS Exhibition, Beijing, held between May 22 to May 25, 2019.
Invisible Shield technology protects and maintains high-rise glass in a pristine condition, eliminates corrosion, and restores glass long term. Unelko found tremendous growth in the Chinese market in newly developed architectural glass, buildings, and structures.
Glass Coating Market – Segmentation
For an easy grasp, the market is segmented into four key dynamics;
By Type: Pyrolytic Coating, Sol-Gel Coatings, Sputtering Coating, and Magnetron Coating among others.
By Application: Paints & Coatings, Construction, Marine, Automotive & Transport, and Aviation & Aerospace among others.
By Technology: Nano and Liquid Glass Coating among others.
By Region: Asia Pacific, North America, Europe, and the Rest-of-the-World (RoW).
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Glass Coating Market – Geographical Analysis
The Asia Pacific region would retain its dominance over the Global Glass Coating Market, heading with the huge technological advancements and the increasing production of smartphones, tablets, and computers. Moreover, factors such as the augmented demand from the end-user industries such as automotive, paints & coatings, and construction accounts for a key driving force behind the growth of the regional market.
Besides, factors such as the growing industrialization, urbanization, and the developing economy in the region are fostering the growth of the market, creating a huge demand in the automotive & transportation industry. Furthermore, some of the APAC countries such as India, Japan, China, and South Korea, backed by the presence of several key manufacturers account for key contributors to the growth of the regional market.
The European Glass Coating Market accounts for the second-largest market, globally, led by the presence of well-established automotive sector in the region. Also, the rapid urbanization and developed end-user industries are some of the reasons for the growth of the regional market. Germany, backed by its innovations in coating technologies, leads the regional market.
Moreover, some of the burgeoning sectors such as marine, automobile & transport, and construction & buildings in France, Italy, and the U.K. are supporting the growth of the regional market.
The Glass Coating Market in North America has emerged as promising globally. The enormous growth in the demand from key industries such as aerospace, automotive, and marine among others drive the Glass Coating Market in the region. The US is expected to lead the regional Glass Coating Market over the forecast period. Furthermore, stringent regulations to reduce carbon emission and improve energy storage alongside the optical effect are some of the factors that are impacting the growth of the regional market, positively.
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