According to the research  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 coatings market amassed USD 1.64 billion in 2020 and is anticipated to be worth USD 5.76 billion by 2027, expanding at 19.6% CAGR between 2021-2027.
 

Benefits of product use such as coverage & protection, adhesion, and thermal function, in tandem with expansion of end use industries are the key growth stimulants for global glass coatings market. Surging demand for construction of green buildings, and widespread adoption of solar panels will aid revenue inflow as well.
 

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According to the Solar Energy Industries Association, the United States reached a solar PV capacity of 97.7 GWdc in 2020. Moreover, the US solar industry is anticipated to install more than 324 GW of capacity between 2021-2030.
 

For the record, flat glass refers to different types of glass like blown flat glass, float 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 and cooled after a desired level of thickness is achieved.
 

While innovations like glazing coating and electrochromic glazing will aid industry growth, fluctuating raw material prices will act as a challenge for businesses in this domain.  
 

Based on technology, global flat glass coatings market sphere is split into nano coatings, solvent-based, and water-based. Speaking of resin type, the industry is arrayed into acrylic, PU, epoxy, and others. Moving on to application scope, the business domain is divided into mirror, architectural solar power, automotive & transportation, & others.
 

From regional frame of reference, North America held majority industry share in the past year, due to rising awareness regarding eco-friendly energy use through solar panel installation, and higher per capita income in the region.
 

Meanwhile, Asia Pacific flat glass coatings market is anticipated to showcase lucrative growth between 2021 and 2027, owing to growing disposable income, increasing awareness pertaining to environment-friendly building construction, and rising demand from end user industries.
 

Leading players shaping the market dynamics are Vitro S.A.B. de C.V., Arkema S.A., NanoTech Coatings UK Limited, Nippon Paint Holdings Co. Ltd., Yantai Jialong Nano Industry Co. Ltd., Fenzi SpA, Bee Cool Glass Coatings, Ferro Corporation, Hesse GmbH & Co. KG, and Sherwin-Williams Company.