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global glass coatings market is anticipated to grow at a CAGR of 15.5% during the forecast period.
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Glass Coatings Market Set to Exceed USD 5.03 Billion by 2026 | CAGR 15.5% “Glass Coatings Market Share, Size, Trends, & Industry Analysis Report, By Type (Pyrolytic Coating, Sol-Gel Coating, Magnetic Sputtering Coating, Others); By Technology (Nano Glass Coating, Liquid Glass Coating); By End-User; By Region: Segment Forecast, 2018 – 2026”
Glass Coatings Market Estimate & Forecast to 2026 The global glass coatings marketsize is anticipated to reach USD 5.03 billion by 2026, according to a new research published by Polaris Market Research. In 2017, the nano glass coating segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period. Several stringent energy regulations passed by governments worldwide have boosted the adoption of glass coatings. Growing concerns regarding energy efficiency, increasing need to reduce energy consumption, and growing demand from the automotive sector further support the market growth. The increasing sale of vehicles, especially in the developing countries, along with growing adoption of solar installations supports the market growth. Additionally, the increasing adoption of energy efficient buildings and reducing operation costs would boost the market growth during the forecast period. Other factors supporting market growth include supportive government regulations, increasing awareness, and growing demand from emerging economies. Increasing investments by vendors in technological advancements coupled with research and development further boost the market growth.
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Glass Coatings Market Estimate & Forecast to 2026 The awareness regarding green buildings, and reduction in operation costs encourage the commercial sector to invest in glass coatings. Commercial structures such as manufacturing plants, offices, and institutes are adopting glass coating to reduce emissions, increase efficiency, and optimize energy use. Asia-Pacific generated the highest revenue in the glass coatings market in 2018. The increasing use in vehicles, and rising awareness regarding energy efficient buildings drive the market growth in the region. The increasing sale of vehicles in countries such as China, Japan, and India, and the growing demand from the construction sector drives the growth of the glass coatings industry in the region. Numerous key players have adopted partnership and expansion strategies to increase their market share in the markets of the Asia-Pacific. Access Research Report On Glass Coatings Market Size The different end-users of glass coating include construction, automotive and transportation, aerospace, marine, and others. In 2018, the automotive segment accounted for the highest market share. The use of glass coatings in windows, doors, and windshields in automotive reduces the heat accumulation in vehicles, and offer high UV resistance and high optical activity.
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