Market Insights
Asia-Pacific accounted for the majority of the market share in 2017 due to the high demand for Flat Glass Coatings in construction and automobile applications. The growing personal disposable income in the region has augmented the demand for automobiles, which, in turn, is positively contributing to the growth of the market. Moreover, the rising energy requirement in the region has boosted the use of solar energy to reduce the dependence on crude imports, which is also projected to surge the demand for flat glass coatings. China and India are the major markets for flat glass coatings in Asia-Pacific. North America accounted for the second-largest market share in 2017 and is projected to show the same trend during the forecast period. The European market for flat glass coatings is expected to show steady growth during the forecast period. However, this may be hampered by stringent environmental regulations for the VOC content in coatings in the region.
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