Global $2.78 Bn Flat Glass Coatings Market to 2022: Rising Demand for Architectural Glass & Mirror in Residential And Commercial Buildings

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Dublin, March 13, 2018 (GLOBE NEWSWIRE) -- The report has been added to offering. The Flat Glass Coatings Market is Projected to Grow from USD 1,075.8 Million in 2017 to USD 2,789.6 Million By 2022, at a CAGR of 20.99% Between 2017 and 2022.





Based on technology, the water-based segment of the flat glass coatings is expected to have the highest market share, in terms of volume, during the forecast period. The quality and strength of coatings manufactured using water-based technology depend on the use of raw materials, such as resins, additives, and pigments. Water-based coatings are used as a topcoat in building and construction where cost is a prime factor.

Whereas in automobiles, solar power, and mirrors, water-based coatings are used as basecoat as performance is a prime factor in these applications. Water-based coatings can be applied on flat glass surfaces through brushing, spraying, dipping, flowing, and rolling methods.Based on application, the mirror coatings segment accounted for the largest share of 76.10% of the overall flat glass coatings market in 2016, in terms of volume. Mirrors are used across all the major applications, such beauty & cosmetics, architectural, decorative, and automotive & transportation. Though the consumption of flat glass is more in the architectural application, the penetration of coatings in the mirror application is also very high.Among regions, Asia Pacific is the fastest-growing market for flat glass coatings. This growth is mainly attributed to the region's booming economies, such as China, India, Taiwan, Indonesia, Vietnam, and Malaysia. China leads the Asia Pacific flat glass coatings market in terms of demand.

The growth of the flat glass coatings market in China can be attributed to the availability of cheap labor, easy availability of raw material, lower taxes, and less stringent environmental regulations, which work in favor of the flat glass coating manufacturers as these factors help in reducing the final price of flat glass coatings.

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Related Topics: Glass, Paints and Coatings

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Globe Newswire: 17:51 GMT Tuesday 13th March 2018

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