New York
City, 28 January 2019: The global Glass Coatings Market size is anticipated to reach USD 5.03 billion by 2026, according
to a new research published by Polaris Market Research. In 2017, the nano glass
coating segment dominated the global market, in terms of revenue. Asia-Pacific
is expected to be the leading contributor to the global market revenue during
the forecast period.
Several stringent energy regulations
passed by governments worldwide have boosted the adoption of glass coatings.
Growing concerns regarding energy efficiency, increasing need to reduce energy
consumption, and growing demand from the automotive sector further support the
market growth. The increasing sale of vehicles, especially in the developing
countries, along with growing adoption of solar installations supports the
market growth. Additionally, the increasing adoption of energy efficient
buildings and reducing operation costs would boost the market growth during the
forecast period. Other factors supporting market growth include supportive
government regulations, increasing awareness, and growing demand from emerging
economies. Increasing investments by vendors in technological advancements
coupled with research and development further boost the market growth.
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The different end-users of glass
coating include construction, automotive and transportation, aerospace, marine,
and others. In 2018, the automotive segment accounted for the highest market
share. The use of glass coatings in windows, doors, and windshields in
automotive reduces the heat accumulation in vehicles, and offer high UV
resistance and high optical activity.
Competitive Landscape and Key Vendors:
The awareness regarding
green buildings, and reduction in operation costs encourage the commercial
sector to invest in glass coatings. Commercial structures such as manufacturing
plants, offices, and institutes are adopting glass coating to reduce emissions,
increase efficiency, and optimize energy use. Asia-Pacific generated the
highest revenue in the glass coatings market in 2018. The increasing use in
vehicles, and rising awareness regarding energy efficient buildings drive the
market growth in the region. The increasing sale of vehicles in countries such
as China, Japan, and India, and the growing demand from the construction sector
drives the growth of the glass coatings industry in the region. Numerous key
players have adopted partnership and expansion strategies to increase their
market share in the markets of the Asia-Pacific.
The well-known companies profiled in
the report include Kyocera Corp, PPG Industries, Henkel A.G., The NSG Group,
Saint-Gobain, Corning Inc, Murata Manufacturing Co. Ltd, Valspar Corporation,
Euroglas GmbH, and The Sherwin-Williams. These companies are consistently
launching new products to enhance their offerings in the market. With the
advancement of technologies, companies are innovating and introducing new
customized products to cater the growing needs of the customers. Leading
companies are also acquiring other companies, and enhancing their product
offerings to improve their market reach.
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