Flat Glass Coatings Market

Market Leader - Flat Glass Coatings Market

The flat glass coatings market size is expected to reach USD 2,789.6 Million by 2022, at a CAGR of 20.99% between 2017 and 2022. Coatings in flat glass are used to enhance the thermal, UV protection, heat protection, water-repellent (automobile glass and shower walls), shatter protection, graffiti protection, and optical performance characteristics of the flat glass. Coated flat glasses are used in mirror, construction, automotive & transportation, decorative, and solar power, among other applications.

Acquisition was the major developmental strategy adopted by key players in the flat glass coatings market. This strategy has helped companies operating in the flat glass coatings market enhance their product portfolios and expand their global presence. Key companies also focused on entering new markets by launching technologically advanced eco-friendly flat glass coatings for varied end-use industries. Some of the leading manufacturers of flat glass coatings include Arkema (France), FENZI (Italy), Ferro Corporation (US), Sherwin-Williams Company (US), Vitro Architectural Glass (Mexico), NIPPONPAINT (Japan), SunGuard (Guardian Glass) (US), DIAMON-FUSION INTERNATIONAL (US), and Tribos Coatings (International) Ltd. (UK).

Ferro Corporation is a highly active key player in the flat glass coatings market. The company offers flat glass coatings under the brand names Silver Pastes, Xpression, and SpecTruLite, among others. The company accounted for the largest share of all developmental activities that took place in the flat glass coatings market between 2014 and 2017. As a part of its inorganic growth strategies, the company focused on enhancing its presence in the South American region. For instance, in 2017, Ferro Corporation (US) acquired Dip-Tech Ltd. (Israel), a leading provider of digital printing solutions for glass coatings, with an investment of USD 60 million to cater to the growing demand from South America. Ferro expects a return on Invested Capital of more than 15% within the first five years of the acquisition.

Another key player that has established a strong foothold in the flat glass coatings market is Vitro Architectural Glass. This company concentrates on expanding its customer base through acquisitions. For instance, in October 2016, it successfully concluded the acquisition of the flat glass business from PPG (US). PPG received approximately USD 740 million in cash proceeds and recorded a pre-tax gain on the sale of USD 421 million. The acquired business includes PPG’s entire flat glass manufacturing and glass coatings operations in the US and Canada, which includes four manufacturing plants with a total of five flat glass furnaces, a research and development center, and four distribution and fabrication facilities in Canada. This acquisition helped the company to focus on CNT manufacturing with graphene, besides increasing its sales and business in emerging markets.

Related Reports:

Flat Glass Coatings Market by Resin Type (Polyurethane, Epoxy, Acrylic), Technology (Solvent and Water-Based, Nano Coatings), Application (Mirror, Solar Power, Architectural, Automotive & Transportation, Decorative), and Region - Global Forecast to 2022

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Report Code
CH 5906
Published ON
Jan, 2018
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