Glass is a widely used material for several applications in construction, automotives, pharmaceuticals, food and beverages, packaging and solar panels among others. Glass alone is brittle and prone to scratches. An easy solution for this is glass coatings that can provide a variety of characteristic features to glass for different purposes.
Glass coatings market is directly linked to the glass market and its ups and downs. Recovering construction activities worldwide after the slowdown post 2008 is expected to drive the glass market which in turn aids the glass coatings market growth. Additionally, growth of the automotive and aerospace market is projected to further add to glass coatings market growth. However, high costs of coated glass and developing substitutes for glass might hinder the global glass coatings market growth. New solar panel glass windows with specific coating requirements can be a future prospective market.
Glass coatings market can be divided based on the applications, into four key segments as abrasion and chemical resistant, anti-microbial, UV protection and reflective coatings and others. Stringent regulations for materials used in places such as hospitals, automotives and restaurants and canteens, etc. are aiding the coatings market for a variety of applications. Glass used in hospitals, laboratories and canteens has to be coated with antimicrobial coatings according to government guidelines.
Asia Pacific is the largest as well as fastest growing market for glass coatings. High growth in construction activities especially in India and China is the major driver for the growth of glass market and thus, glass coatings market, in the region. Furthermore, growing automotive market in the region is expected to fuel market growth. In North America and Europe the construction market is recovering owing to economic turnaround in the regions. This, in turn, is expected to aid the glass coatings market in these regions.
Some of the key players in the glass coatings market include Bayer, the Dow chemical company, Corning International and Glass Coatings and Concepts LLC among others.
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