Flat glass coatings have come a long way. This industry is receiving heavy investments with good reason. In the analysis of the future of this industry, it is essential to look into the determinants of the expansion or reduction of flat glass coating applications. The resin type, applied technology, type of application, and the region are some of the factors that greatly affect the demand for flat glass coating.
Commercial and residential property owners use glass coating to spray or apply a soft coat on glass panels with the aim of improving their performance with respect to:
• Energy saving
According to a recent research, the flat glass coating industry is projected to grow at a compound annual growth rate of 20.99 percent between the year 2017 and 2022. Some of the applications that are contributing to this growth rate include:
• Solar power
• Beauty and cosmetics
• Automotive & transportation
This growth notwithstanding, the demand for flat glass coating could be higher if the current prices could be amended to accommodate more consumers. Additionally, there is a need to expand the knowledge base on the various aspects of flat glass coating since it has greatly affected the expansion of the industry.
Water Based and Solvent Based Coatings
There are two types of flat glass coatings: water-based and solvent-based coatings. The former type of coating requires more time to dry up after its sprayed while the latter takes less time. However, the water-based glass coating is cheap making it the preferred material for top coating in the commercial building and construction sector. This is because cost minimization is the main objective of businesses that are keen on profit maximization.
Solvent-based glass coating, on the other hand, is a better performer due to its high quality. Its use, therefore, is highly recommended for automobile, solar power, and mirrors. In such sectors, the water-based glass coating is used as a bottom coat to enhance the performance of the glass.
The quality of each type of glass coating is determined by the raw materials used in the production process. This is to say that the glass coating type depends on the resins, additives, and pigments acquired.
The water-based glass coating is estimated to be the larger contributor to the growth of the flat glass coating industry due to its increasing consumption. It is applied on the respective glasses in such ways as:
Each of the methods above is equally effective and is chosen depending on the preference of the coating experts. Spraying is the commonly used method especially for commercial flat glass coating application. This is because it is ideal for large-scale operations.
While the architectural sector is considered the largest consumer of glass coatings, the mirror coating segment has overtaken its demand over the years. According to the conclusions derived during the forecast period, flat glass coating has taken over the mirror application.
In 2016, mirror application consumed over half of the overall flat glass coating volume. In numbers, this segment took up 76.10 percent of the total volume leaving the rest of the application sectors to consume an estimated 23.90 percent. This explains why most flat glass coating companies are shifting their services to mirror application at a high rate.
Various countries are advocating for the use of solar power as an alternative energy in their environmental conservation strategies. This has increased the demand for solar PV glass that requires coating. This has resulted into additional profits for the flat glass coating companies since a new customer base has emerged.
Having said that, which regions in the globe do you think are the highest consumers of flat glass coating then? The Asia Pacific region has been found to demand high volumes of flat glass coating. This is attributable to the increasing economic performance of the region.
The Value of Flat Glass Coating
According to reliable estimates, the flat glass coating industry was worth $1,075.8 million in 2017, a value set to reach $2,789.6 by 2022. This prediction reveals an impressive performance that has kept flat glass coating companies on their toes especially when it comes to product development.