Heavy Duty Glass Coating Market: Overview and Dynamics
Heavy-duty glass coating is commonly used in commercial and residential construction. During the forecast era, major infrastructural developments in various emerging economies around the world are expected to contribute significantly towards demand for heavy duty glass coating. Increased construction expenditure as a result of increased urbanization is likely to supplement heavy duty glass coating market.
In addition, rapid development in construction, transportation, renewable energy, residential and commercial infrastructure, government housing and defense infrastructure will complement further expansion. Heavy duty glass coating is gaining mass popularity, especially in the commercial building construction sector. Heavy duty Glass coating is done to save energy and reduce carbon emissions. Increasing demand and sales in the automotive industry is the major reason for the increase in demand for heavy duty glass coating market.
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Heavy duty glass coating provides long lasting durable protection, and scratch resistance properties. The construction and automobile industries hold majority shares of global heavy duty glass coating market. The global heavy duty glass coating market is expected to grow at a moderate CAGR over the estimated period. Increasing consumer spending in the economy have led to the sale of light and heavy duty glass coating.
The demand for heavy duty glass coating is affected by many factors. Therefore, sales of new vehicles affect the demand for heavy duty glass coating in automotive applications in various countries, it is used in applications such as rearview mirrors, sunroofs and windows. The heavy duty glass coating helps in controlling the heat inside the vehicle and reduces the energy consumed while maintaining the temperature.
One of the restraints of the heavy duty glass coating market is that there is limited market awareness about the characteristics of heavy duty glass coating. Furthermore, technological advancements in heavy duty glass coating coupled with extensive research and development activities can also create new opportunities for the major players in the heavy duty glass Coating market. Increasing industrialization, along with expansion of foreign investment funding, should lead to growth in the regional heavy duty glass coating industry.
The demand for heavy-duty glass coating may increase as the building materials move towards growing architectural features. The Global heavy duty glass coating market has been growing in the North American region due to increasing demand in industries such as steel, transportation, petrochemicals and others.
COVID-19 Impact Insights
COVID-19 pandemic has forced countries to impose lockdowns and strict social distancing measures across the globe. This has disrupted almost every market and heavy duty glass coating market has also been affected largely. COVID-19 has severely affected the development of the global heavy duty glass coating industry. Global sales of heavy duty glass coating for key applications such as architecture and automotive are expected to decline by 10–15% in the coming year due to spread of virus in various parts of the world.
The decline in the number of new construction projects and temporary shutdown of manufacturing facilities are some of the factors hindering the growth of the heavy duty glass coating market. However, short-term supply chain disruptions are likely to affect market growth in major sectors. COVID-19 has severely affected the global heavy duty glass coating, with many production facilities shutting down across the world. Global automotive sales is expected to reduce by 8–10% in the coming-year due to spread of corona virus across the world
In the early stages of lockdown, it is not just the heavy duty glass coating market that was affected, markets in all the construction and manufacturing industries have seen a deep loss.
The construction and automobile industry is one of the potential end-users and raises hopes for the heavy-duty glass coating market to get back on track as soon as possible in some regions. However, full lockdown has begun to rise in almost all sectors across the globe, showing a silver lining for the heavy duty glass coating market, which could continue to bounce strongly and deliver it to desired capacity by the first quarter of 2021.
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Segmentation Analysis of Heavy Duty Glass Coating Market
The global heavy duty glass coating market is bifurcated into major segments such as product type, technology, end use and region.
On the basis of product type, Heavy duty glass coating market has been segmented as follows:
- Heat strengthen glass
- Tempered glass
- Laminated glass
- Annealed glass
- Passive glass
- Photochromic Glass
- Thermo chromic Glass
On the basis of technology, Heavy duty glass coating market has been segmented as follows:
- Photovoltaic And Oled Lighting
- 3D Gorilla Glass
- Smart Controls For smart Glass
- Electrical Installation Of smart Glass
- Low-E Glass
- Active Glass
On the basis of end use, Heavy duty glass coating market is segmented as
- Aerospace and Marine
On the basis of geographic regions, Heavy duty glass coating market is segmented as
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
Heavy Duty Glass Coating Market: Regional Outlook
Based on regional split, the report “Heavy Duty Glass Coating Market” takes into account six prominent regions including North America, Europe, Latin America, East Asia, South Asia and Oceania and Middle East & Africa. Asia-Pacific was estimated to be the largest regional market. Developed economies such as China, Australia, South Korea and Japan are expected to make major contributions to regional demand in heavy duty glass coating. The growth in automobile and construction industry is anticipated to be the major factor to increase the demand for these products in the estimated period.
The heavy duty glass coating market is expected to rise due to growing construction and infrastructure development sector in North America, mainly in the US and Mexico. Under the Mexico’s National Infrastructure Plan, the government has invested $14.2 billion in 2020, which is expected to promote the construction of residential and commercial structures in that region. Growing population, urbanization and increase in disposable incomes in North America are expected to play the role of regional growth drivers for heavy duty glass coating market. This growth factor increases demand for heavy duty glass coating in building construction, infrastructural development and automobile industry.
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Heavy Duty Glass Coating Market: Key Players
Market players in heavy duty glass coating have been analyzed based on their product details, production capacity, sales and regional presence. Market competitors of this industry, contributes large amount in heavy duty glass coating market are
- Saint Gobain
- Nippon Sheet Glass
- Taiwan Glass
- Guardian group
- Fuyao Group
- Central Glass co. ltd
- Sejal Glass
- Independent Glass
- Astrocam glass
- Dillmeier Glass Company
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