Glass Coating – Definition & Applications
Glass Coating was introduced many years back but it is only in recent times that it is gaining such recognition. Several industries have started investing in them owing to their beneficial features. Owing to the hike in demand for the same, the Global Glass Coating Market has surged in the past years. Experts believe that it will continue to do so in the coming years as well.
Glass Coating is popular alias like ceramic glass, quartz coating, liquid glass and nano-glass. At its heart, it is basically liquid glass that is constituted of Silica and Siloxane. Its special feature that it instantly hardens when it comes in contact with air. It offers long-lasting shine, luster and protection. On an average such a coating can last for as much as three years. The major purpose a glass coating is to protect the paint from getting damaged.
Two major benefits that recipients can garner by using this coating are energy conservation and reduction in carbon emissions. In general glass coating is available in two major forms – liquid glass and nano coating. Both of these have different purposes. Liquid glass offers scratch resistance, surface strength and it can also protect the paint from ice, water and dirt. On the other hand nano-coating ensures a longer and productive service life.
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Market Scenario
Presently, there are many industries that are turning towards this technology to protect their vehicles & products. Due to this, it can be confidently said that the global glass coating market will experience significant growth in the coming years. The gross value of this is expected to double during the forecast period as it will grow at an impressive CAGR.
The development of this market can be attributed to a number of growth drivers. Development and advancement in the construction and automotive industries can be characterized as a major growth factor for the market.
The higher ratio of car sales can be called as a secondary growth factor that further propels the growth of the market. Additionally, the rise in construction activities across various regions of the world is also another factor that fosters the growth of the market.
Moreover, technical innovations combined with extensive research and development methodologies will create better opportunities for this in near future.
Innovations
The Global Glass Coating Market has witnessed many innovations in recent times. The most noteworthy and innovative product amongst all the others was the introduction of eco-friendly glass coatings. As is common knowledge, glass coatings can reduce carbon footprints but this product takes it a step further. It is completely environment friendly and non-toxic in nature. It can provide all the benefits of a glass coating without disrupting the environmental surroundings.
Key Players & Strategies
Some of the long-standing players of this market are The NSG Group, Saint-Gobain, PPG Industries and Morgan Advanced Materials. To generate a better revenue, these players employ strategies like strategic expansion and product development.
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