NEW YORK , Dec. 17, 2021 /PRNewswire/ -- The flat glass coatings market is set to grow by USD 932.23 million between 2020 and 2025, accelerating at a CAGR of 8.70% during the forecast period. The market is segmented by technology (water-based, solvent-based, and nano-based) and geography (APAC, Europe , North America , MEA, and South America ). The report provides detailed insights into how vendors are performing in terms of revenue generation, market position, product launches, and customer base, among others.
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Flat Glass Coatings Market: Growth Drivers and Restraints
The flat glass coatings market is driven by increasing investments in the renewable energy sector. The total cost of generating electricity using renewable energy sources is more when compared with traditional sources such as fossil fuels. However, renewable technology is evolving and competing with newly built fossil fuel power plants. The competitive cost of generating electricity and low carbon emissions from renewable sources has increased the investments in renewable energy across the globe. The shift in focus to renewable sources of energy is increasing investments in the energy industry. This should drive the growth of the global solar energy sector, which, in turn, would propel the growth of the global flat glass coatings market during the forecast period.
The volatility in raw material prices will be a major hindrance to the growth of the flat glass coatings market during the forecast period. The prices of raw materials that are used for manufacturing flat glass coatings are highly unpredictable. This is primarily due to their high dependence on crude oil prices and natural forest products. The price volatility of petroleum-based raw materials is acting as a challenge for the growth of the global flat glass coatings market. Significant fluctuations in crude oil prices are caused by a systemic demand-supply imbalance in the global crude oil market. Fluctuations in raw material prices bring unpredictability in the market, affect production costs adversely, and reduce vendors' profit margins. Therefore, volatility in crude oil prices is expected to have a negative impact on the global flat glass coatings market.
The flat glass coatings market report answers questions such as:
Is the market structure fragmented or concentrated?
What was the market size in 2020 and the forecast of the flat glass coatings market through 2025?
Which are the best segment areas to invest in over the forecast period?
What is the market share of dominant and strong vendors in the flat glass coatings market?
What are the latest trends and regulatory frameworks in the flat glass coatings market?
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Key takeaways from flat glass coatings market study
Flat glass coatings market size to increase by USD 932.23 million at 8.70% CAGR between 2020 and 2025
63% market growth to originate in APAC during the forecast period
Water-based segment accounted for maximum growth in the market in 2020
Dominant vendors include Arkema SA, Diamon Fusion International Inc., and Ferro Corp.
Waterborne Coatings Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025: The waterborne coatings market share is expected to increase by USD 14.50 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.04%. Download Free Sample Report Now
Paints and Coatings Market by Resin Type, Technology, Application, and Geography - Forecast and Analysis 2021-2025: The paints and coatings market share is expected to increase by USD 39.68 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.82%. Download Free Sample Report Now
Flat Glass Coatings Market Scope
Accelerate at a CAGR of 8.70%
APAC, Europe, North America, MEA, and South America
China, US, India, Japan, and UK
Leading companies, Competitive strategies, Consumer engagement scope
Arkema SA, Diamon Fusion International Inc., Ferro Corp., Hesse GmbH and Co. KG, JELD-WEN HOLDING, Inc., Koch Industries Inc., Nippon Sheet Glass Co. Ltd., Stewart Engineers Inc., The Sherwin-Williams Co., and Vitro SAB de CV
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
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Market Sizing… View our flat glass coatings market snapshot to unlock TOC
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