According to the business intelligence report titled ‘Global Flat Glass Coatings Market Size study, by Resin (PU, Acrylic, Epoxy and Others), by Technology (Water-based, Solvent-based and Nano Coatings), by Application (Solar Power, Automotive & Transportation, Mirror, Architectural and Others), and Regional Forecasts 2021-2027’, available with Market Study Report, global flat glass coating market accrued USD 1.64 billion in 2020 and is speculated to reach USD 5.76 billion by 2027, expanding at 19.6% CAGR between 2021-2027.
 

Expansion of end use industries, and benefits of product use like adhesion, coverage & protection, and thermal layering are key factors spurring global flat glass coatings market growth. Surging product demand for solar panel and green building construction will aid industry expansion as well.
 

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As per the Solar Energy Industries Association, the United States reached a capacity of 97.7 GWdc of total installed capacity in 2020. Moreover, the U.S. solar industry is anticipated to add over 324 GW capacity between 2021-2030.
 

For the record, flat glass refers to different types of glass like float glass, blown flat glass, and cast glass which are manufactured in the form of sheets. To form glass, sand and other materials are melted and the liquid is spread till a desired level of thickness is achieved and cooled.
 

While innovations like electrochromic glazing and multifunctional glazing coating will facilitate global flat glass coating market proliferation, fluctuating raw material prices is poised to remain a challenge for the industry players.
 

Based on resin, worldwide flat glass coating industry is bifurcated into polyurethane, epoxy, acrylic, and others. Speaking of technology, the market space is divided into solvent-based, nano-based, and water-based. Moving on to application scope, the industry is classified into solar power, mirror, automotive & transportation, architectural, and others.
 

Regionally speaking, North America captured majority of global flat glass coating market share in the recent past, owing to higher per capita income, and growing awareness about eco-friendly energy use through solar panel installation.
 

Meanwhile, Asia Pacific market is speculated to grow rapidly between 2021-2027, due to cognizance of environment-friendly building construction, growing disposable income, and surging demand from end user industries.
 

Key players profiled in worldwide flat glass coatings market report are NanoTech Coatings, Arkema S.A., Nippon Paint Holdings Co. Ltd., Fenzi S.p.A., Yantai Jialong Nano Industry Co. Ltd., Ferro Corporation, Bee Cool Glass Coatings, Hesse GmbH & Co. KG, Vitro SAB de CV, and Sherwin-Williams Company.