Flat Glass Coatings Demand to Increase Four-Fold by 2031 as Application in Making Solar Panels and Cells Grows

Flat Glass Coatings Demand to Increase Four-Fold by 2031 as Application in Making Solar Panels and Cells Grows

PR Newswire

NEW YORK, Nov. 16, 2021

- Construction and Automotive Applications Drive China to Dominate Flat Glass Coatings Market in East Asia

- Fact.MR's latest study describes the key factors affecting growth in the global flat glass coatings market. In offers an in-depth assessment of opportunities for growth and challenges prevailing across various segments terms of application, resin and technology.

NEW YORK, Nov. 16, 2021 /PRNewswire/ -- As Fact.MR, the global flat glass coatings market size is estimated to reach US$ 988 Mn in 2021.

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As a result of increasing construction activities worldwide, the overall demand for flat glass coatings is set to accelerate at an impressive CAGR of 15% between 2021 and 2031. The global flat glass coatings market value is expected to top US$ 4 Bn by the end of 2031.

Expanding residential and commercial sectors will remain a chief growth driver of the market. Besides this, investment towards expansion of solar energy infrastructure will create attractive opportunities for sales of flat glass coatings.

Fact.MR has predicted the demand for flat glass coatings to increase considerably in China, Japan and the U.S. These countries are gradually transitioning from conventional sources of energy to solar power. As flat glass coatings are extensively used for making solar cells and panels, the global market is slated to expand by 4X through 2031.

According to the study, water-based flat glass coatings will continue to dominate the market. The segment accounted for over half of the revenue share in 2020. These coatings offer various high resistance to temperature changes and better adhesion, which is augmenting their application across various segment.

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China is expected to spearhead the sales of flat glass coatings in East Asia. The demand for flat glass coatings in China is expected to grow by 20% through 2031. Growth in the country is attributable to the soaring demand for flat glass coatings across various industries such as automotive and construction. Acrylic flat glass coatings market accounted for 40% of the global market share in 2020. Furthermore, water-based flat glass coatings market is expected to witness proliferating demand.

"Government push to alternate sources of energy will create prospects for application of flat glass coatings for manufacturing solar cells and panels. This also will encourage the market players to focus on innovations to capitalize on existing opportunities for flat glass coatings application in solar power generation," says the Fact.MR analyst.

Key Takeaways from Flat Glass Coatings Market Survey

Key Drivers

Key Restraints

To gain in-depth insights on Flat Glass Coatings Market, Request methodology at

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Competitive Landscape

Leading players operating in the flat glass coatings market are focusing on expanding their global footprint. They are adopting various strategies such as mergers, collaborations, partnerships and production of ecofriendly coatings. This is expected to have positive impact on the growth of the market.

Some of the leading players operating in the flat glass coatings market profiled by Fact.MR are:

More Insights on the Global Flat Glass Coatings Sales Outlook

Fact.MR provides an unbiased analysis of flat glass coatings market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for flat glass coatings with a detailed segmentation on the basis of:

Application

Resin

Technology

Key Questions Covered in the Flat Glass Coatings Market Outlook Report

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About Fact.MR

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