The growing demand for solar and automotive applications is expected to spur opportunities for the market, states Fortune Business Insights, in a report, titled “Flat Glass Coatings Market Size, Share & Industry Analysis, By Resin Type (Epoxy, Polyurethane, Acrylic, Others), By Technology (Solvent-based, Nanocoatings), By Application (Mirror Coatings, Solar Power, Architectural, Automotive Application, Decorative, Others.) and Regional Forecast, 2022-2029.” The increasing R&D investments in nanotechnologies are expected to bode well for the market.

The coronavirus emergency has given immense loss to industries and sectors across the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.

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The report flat glass coatings market comprises:

  • Detailed report of the market
  • Excellent insights into the market
  • Market drivers and recent trends
  • Dominant regions in terms of revenue
  • Comprehensive analysis of prominent players

Market Driver:

Increasing Consumer Awareness to Foster Growth

The growing demand from the residential and commercial infrastructure is expected to boost the growth of the market. The depletion of fossil fuels can lead to heavy demand for other energy sources, in turn, aiding the growth of the market. The increasing inclination towards advanced materials in the automotive sector can have an excellent effect on the global market. Moreover, the growing inclination towards nanotechnology is expected to fuel demand for nanocoatings in the forthcoming years. The growing consumer awareness about the adverse effect of fossil fuels is expected to spur demand for solar energy, in turn, aiding the growth of the market. Besides, the increasing acquisitions and collaborations among major industry players is expected to elevate the market potential in the forthcoming years. For instance, in July 2016, Vitro S.A.B announced that it has acquired the flat glass manufacturing and flat glass coating sector of PPG to enhance its product portfolio and expand its business.

However, stringent government regulation about coating chemicals is expected to hamper the growth of the market. As vinyl fumes are carcinogenic and hence are banned in the EU countries and the U.S.

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Regional Analysis:

Booming Construction Sector to Foster Growth in Asia Pacific

The market in Asia Pacific is expected to rise tremendously during the forecast period owing to the prominent manufacturers in the region. The growing demand from the construction and industrial sectors is expected to foster the healthy growth of the market in the region. The market in North America is expected to witness a rapid growth rate owing to the heavy demand in the U.S. The market in Latin America is expected to expand gradually in the forthcoming years owing to the enormous investments in the residential and commercial infrastructural development in the region. For instance, an investment of US$ 590 billion by the government under the National Infrastructural Plan of Mexico. The market in Europe is expected to expand fundamentally during the forecast period owing to the flourishing automotive industry in the region. The Middle East & Africa is expected to rise tremendously during the forecast period owing to the increasing infrastructure development in the region.

The Report Lists the Main Companies in the Flat Glass Coatings Market:

  • Ferro Corporation
  • Arkema
  • Sherwin-Williams Company
  • Vitro Architectural Glass
  • SunGuard (Guardian Glass)

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