Multiple Opportunities for Growth Projected for Flat Glass Coatings
Robust demand in the Asia-Pacific region is the major driving factor for the global flat glass coatings market.
The global flat glass coatings market is expected to top 334.1 kilotons by 2022, according to a report available from Research and Markets. In terms of value, the market is estimated at $1.1 billion in 2017 and is likely to reach $2.8 billion by 2022, growing at a compound annual growth rate (CAGR) of almost 21%.
The Asia-Pacific flat glass coatings market is expected to grow at the highest CAGR during the forecast period due to rising demand from countries such as India, China, South Korea, Vietnam, Taiwan, and Singapore. Robust demand in the Asia-Pacific region is the major driving factor for the global flat glass coatings market. China will lead the pack in terms of demand for flat glass coatings in the region due to its increased industrial production. The country is also among the largest consumers of flat glass coatings at the global level.
The high consumption of mirror coatings in beauty and cosmetics, architecture, and decoration/kitchen is driving the flat glass coatings market in the Asia-Pacific region. In addition, surging demand for solar energy in emerging economies and the preference for solar energy in residential applications have contributed to the growth of the solar PV glass market across the globe.
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