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The Functional Glass Coatings Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Functional Glass Coatings is the increasing demand for Functional Glass Coatings in various industries.
This report on the Functional Glass Coatings Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Functional Glass Coatings Market. The report intends to present a thorough analysis of the Functional Glass Coatings Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Functional Glass Coatings Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Functional Glass Coatings Market are-
Asahi Glass Co., Ltd (AGC)
Apogee Enterprises, Inc.
Arkema
Ferro Corporation
Guardian Industries
ICD High Performance Coatings
Johnson Matthey
Nippon Sheet Glass Co., Ltd. (NSG)
Saint-Gobain S.A.
Vitro
S.A.B. de C.V.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Functional Glass Coatings Market value and growth drivers over the trend period of 2019-24. According to the report -
The functional glass coatings market is forecasted to grow at an impressive rate over the next five years to reach an estimated value of US$ 2,137.0 million in 2024. The overall coatings market for glass applications has undergone a remarkable transition over a period of time with changing roles from protecting and decorating a glass substrate to the new role, termed as functional glass coating. Increasing applications of glasses in various sectors including architecture, automotive, food & beverage, consumer goods, and pharmaceuticals, along with a surge in the performance requirement of glass substrates to meet the requisite properties of different applications have given the rise to the demand for functional glass coatings. Functional coating enhances or modifies the properties of the glass substrate and offers several crucial properties, such as adhesion, wettability, chemical resistance, wear resistance, scratch resistance, gloss, hydrophobicity, self-cleaning, anti-static, anti-reflective, and anti-bacterial properties, to the glass substrate.
Segment Analysis:
Based on Application Type:
Based on the application technique type, the functional glass coatings market is segmented into Pyrolytic Coating, Sputtered Coating, Screen Printing, Spray Coating, Sol-Gel Coating, and Others. The pyrolytic coating is expected to maintain its dominance in the market during the forecast period, driven by its low-cost advantage and consistent performance. Pyrolytic coating and sputtered coatings are the two main technologies for applying Low-E coatings on a glass substrate.
Based on Region:
Based on the regions, Asia-Pacific is expected to remain the largest functional glass coatings market during the forecast period. China, India, and Southeast Asia are the growth engines of the Asia-Pacific’s functional glass coatings market in the foreseeable future. North America and Europe are also likely to exhibit positive growths during the same period, driven by a high production of vehicles and growing demand for the energy-efficient buildings.
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