Strong Demand Projected for Flat Glass Coatings through 2025
Water-based technology for flat glass coatings is anticipated to maintain its dominance in terms of market share from 2018-2025.
The market size for global flat glass coatings is expected to reach $4.48 billion by 2025 and is anticipated to register a 20.2% CAGR from 2018-2025, according to a report available from Research and Markets. Massive demand for mirror and glass facades from both the commercial and residential sectors, coupled with increasing adoption from the automotive and transportation sector, is likely to drive demand over the forecast period.
The rising adoption of solar installations, along with demand for environmentally friendly renewable sources of energy, are anticipated to drive demand for solar panels, augmenting the flat glass coatings market. Moreover, a rising awareness for energy conservation, self-sufficiency, and favorable government regulations are anticipated to further drive demand from architectural applications over the years to come.
Water-based technology is anticipated to maintain its dominance in terms of market share over the forecast period as a result of its high strength and premium quality. Nano-based technology is expected to grow at a promising rate in the near future due to a growing preference for advanced materials in the manufacturing industry.
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