Glass Coatings Market – Overview
The global glass coatings market is expected to grow at a favorable rate from 2021 to 2031 (forecast period). The worldwide growth of end-use sectors like aviation, automotive, and building & construction is a significant aspect projected to boost the global glass coatings market. Moreover, an increase in urbanization, a rise in industrialization, and a development in the construction sector in emerging countries such as India, China, and Mexico are anticipated to propel the global glass coatings market. Furthermore, an increase in research efforts in the realm of new bio-based raw materials for glass coatings is expected to generate profitable opportunities for the manufacturers operating in the global glass coatings market.
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Glass Coatings Market – Competitive Landscape
Key players active in the global glass coatings market are Henkel A.G. (Germany), 3M Co. (U.S.), PPG Industries (U.S.), Akzonobel N.V. (Netherland), The Sherwin-Williams (U.S.), Axalta Coatings (U.S.), Valspar Corporation (U.S.), Euroglas GmbH (Germany), and so on.
To expand and strengthen their international presence, key market players are actively pursuing inorganic marketing tactics such as collaborations, investments, technological innovations, acquisitions, and R&D activities.
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Glass Coatings Market – Trends and Opportunities
Glass coatings are energy-saving coating materials that add an elegant element to glass substrates. They are extremely robust and provide benefits such as mechanical and chemical stress resistance, shatter resistance, and enhanced scratch resistance.
The global glass coatings market is anticipated to grow during the forecast period due to rising demand for glass coatings from industries such as aerospace, automotive, aviation, marine, and building and construction. The need for glass coatings in the automotive industry is estimated to rise due to growth in vehicle sales, repair, and maintenance. The expansion of numerous industries such as automotive, building and construction, and aviation in developed and emerging nations such as Germany, the United States, Japan, India, and China is a major aspect anticipated to boost the worldwide glass coatings market.
Moreover, the growing construction of green buildings is driving up demand for glass coatings, thus opening new opportunities for manufacturers and industrialists. Furthermore, the growing usage of innovative technologies is expected to create more prospects for the worldwide glass coatings market. Additionally, factors such as reduced carbon emissions, increased energy storage, and optical effect are projected to positively benefit the global glass coatings market.
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Glass Coatings Market – Regional Landscape
The glass coatings market in Asia Pacific is expected to experience growth due to the increased demand for these coatings in the construction and automotive industries. The building and construction sector is rapidly rising in emerging countries of Asia Pacific like Vietnam, India, and China. This is likely to strengthen the global glass coatings market growth in Asia Pacific. Moreover, increased FDI expenditure in different end-use industries, including automotive, in India, China, South Korea, and Thailand, is expected to present profitable prospects for glass coating manufacturers in the near future.
The glass coatings market in Europe is anticipated to grow during the forecast period. The automotive industry in Europe has grown as a result of collaborations between numerous paint and coating firms. This is projected to boost the glass coatings market in Europe. Moreover, increased demand from the aerospace, aviation, marine, and building & construction industries is expected to boost the glass coatings market in Europe.
The North America glass coatings market is projected to expand during the forecast period due to rising demand in the aerospace, automotive, building and construction industries. The United States and Canada are expected to make considerable contributions to the glass coatings market in North America.
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