Glass Coating offers the glass products with durable protection, and repellence against water, dirt or snow while also providing an aesthetic appearance to them. It is the most practical, convenient, and cost-efficient alternative to add to the products with many unique properties such as mechanical & chemical stress, increased scratch resistance, and shatter protection.
Resultantly, Glass Coating experiences various application in industries such as building & construction, automotive, marine, aviation, and others. Also, the Glass Coating is extensively applied to all kind of glasses used in the automotive industry. Naturally, the glass coating witnesses a massive demand from all of these industries mentioned above, which drives its market growth, worldwide.
Acknowledging the rapid market expansion, the market witnesses currently, Market Research Future in it recently published study report, asserts that the Global Glass Coating Market is forecasted to grow exponentially by 2023, registering a staggering CAGR during the review period (2017-2023). Evidently, the burgeoning automotive industry accounts for the leading end-user sector, globally.
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Additional factors such as the rising population, industrialization, urbanization, and the improving economic conditions, worldwide that are increasing consumers’ purchasing power boost the growth of the market. Also, some of the rapidly growing end-use industries like automobile & transport, building & construction provide a huge impetus to the market growth. Furthermore, the augmenting demand from sectors such as the petrochemicals, steel, aerospace & marine fosters the growth of the global glass coating market.
Global Glass Coating Market – Segments
For enhanced understanding, the market has been segmented into four key dynamics: –
By Type : Sol-Gel Coatings, Pyrolytic Coating, and Magnetron Sputtering Coating, and Magnetron Sputtering Coating among others.
By Application: Construction, Paints & Coatings, Marine, Aviation & Aerospace, and Automotive & Transport among others.
By Technology: Liquid Glass Coating and Nano Glass Coating among others.
By Regions: North America, Asia Pacific, Europe, and the Rest-of-the-World.
Glass Coating Market – Geographical Analysis
The Asia Pacific region, heading with the augmented demand from the end-user industries like paints & coatings, automotive, and construction, accounts for the largest market in the glass coating market. Moreover, factors such as the huge technological advancements and success achieved in the production of smartphones, tablets, and computers are expected to help the APAC region to continue with its dominance over the Global Glass Coating Market throughout the forecast period 2017-2023. Furthermore, the Glass Coating Market in some of the APAC countries such as India, Japan, China, and South Korea is expected to grow pervasively in the years to come.
The Glass Coating Market in the European region accounts for the second-largest market, globally owing to the presence of well-established automotive sector in the region. Moreover, the rapid urbanization and developed end-user industries are some of the reason for driving the growth of the regional market. Germany led by some of the burgeoning industries such as the automobile & transport, marine, and construction & buildings is projected to head the glass coating market in the region, flowed by France, the U.K., and Italy, respectively.
The North America glass coating market has been witnessing an enormous growth due to the increasing demand from key industries such as petrochemicals, steel, aerospace, marine, and others. Moreover, stringent regulations on reducing carbon emission, improving energy storage, and optical effect are the significant trends impacting the growth of the regional market, positively. The US among other North American countries will be leading the Glass Coating Market in the region over the forecast period.
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Global Glass Coating Market – Competitive Landscape
Fiercely competitive, the Glass Coating Market appears fragmented with the presence of several large and small-scale players. To gain an additional advantage over other competitors in this market, these players adopt strategic initiatives such as the partnership, acquisition, expansion, collaboration, and product & technology launch.
Growth in terms of technologies and product innovations is also expected to create strong investment opportunities for the players operating in the market. They are focusing on improving their market performance and are expanding by acquiring promising companies in the fast-growing markets.
Developing customized coatings is the latest trend observed in the market during the analysis which is projected to drive the market competition intensely in the years to come. Manufacturers having the ability to manufacture tailor-made products are expected to gain an edge over their rivals.
Major Players:
Key players leading the Global Glass Coating Market include PPG Industries (U.S.A.), SCHOTT AG (Germany), Morgan Advanced Materials (U.K.), Kyocera Corp (Japan), Murata Manufacturing Co., Ltd (Japan), The NSG Group (Japan), Corning Inc. (U.S.A.), Saint-Gobain (France), and Emirates Float Glass (U.A.E) among others.
Industry/ Innovation/ Related News:
March 05, 2019 —- AKHAN Semiconductor (the US), a technology company specializing in the fabrication and application of lab-grown, electronics-grade diamond, announced the receiving of a patent for its next-generation multilayer diamond display systems – Miraj Diamond from the US Patent and Trademark Office (USPTO).
Miraj Diamond Glass is specially designed for consumer display and is 6 times stronger, 10 times harder, and runs over 800x cooler than leading glass competitors like Gorilla Glass in terms of commercial glass such as Fused Silica, aluminosilicate, and BK7. AKHAN’s diamond-based technology is capable of increasing power density as well as creating faster, lighter, and simpler devices for consumer use.
February 26, 2019 —- Nippon Paint Coatings Philippines, Inc., a leader in the local paint industry and coating expert producing the world-class quality products, launched its new protective coating line. Launched product line included epoxy glass fake, wieldable inorganic zinc ethyl silicate, epoxy, epoxy zinc phosphate, epoxy zinc rich, epoxy red oxide, epoxy MIO, alkyd resin, epoxy aluminum, silicon acrylic, epoxy modified, silicon, and fluorocarbon among others.
With over 70 paint companies spread throughout Asia and each company embracing diversity across Pan-Asia, the coating expert, Nippon understands the local needs of its customers.
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