(USGovernment-News.Com, November 11, 2021 ) The flat glass coatings market size is expected to reach USD 2,789.6 million by 2022, at a CAGR of 20.99% between 2017 and 2022.Coatings inflat glass are used to enhance the thermal, UV protection, heat protection, water-repellent (automobile glass and shower walls), shatter protection, graffiti protection, and optical performance characteristics of the flat glass. Coated flat glasses are used in mirror, construction, automotive &transportation, decorative,and solarpower,amongother applications.
Acquisition wasthe major developmental strategyadopted by key players in the flat glass coatings market. This strategy hashelped companies operating in the flat glass coatings market enhance their product portfolios andexpand their global presence. Key companies also focused on entering new markets by launching technologically advanced eco-friendlyflat glass coatingsfor varied end-use industries. Some of the leading manufacturersof flat glass coatingsincludeArkema (France), FENZI (Italy), Ferro Corporation (US), Sherwin-Williams Company (US), Vitro Architectural Glass (Mexico), NIPPONPAINT (Japan), SunGuard(Guardian Glass) (US), DIAMON-FUSION INTERNATIONAL (US), and Tribos Coatings (International) Ltd. (UK).
Ferro Corporation is a highly active key player in the flat glass coatings market. The company offersflat glass coatings under the brand namesSilver Pastes, Xpression,and SpecTruLite,amongothers. The company accounted for the largest share of all developmental activities that took place in the flat glass coatings market between 2014 and 2017. As a part of itsinorganic growth strategies, the companyfocusedon enhancing its presence in the South American region. For instance, in 2017, Ferro Corporation (US) acquired Dip-Tech Ltd. (Israel), a leading provider of digital printing solutions for glass coatings, with an investment of USD 60 million to cater to the growing demand from South America. Ferro expects a return on Invested Capital of more than 15% within the first five years of the acquisition.
Another key player that has established a strong foothold in theflat glass coatingsmarketis Vitro Architectural Glass. Thiscompany concentrates on expanding its customer base through acquisitions. For instance, in October 2016,it successfully concluded the acquisition of the flat glass business from PPG (US). PPG received approximately USD 740 million in cash proceeds and recorded a pre-tax gain on the sale of USD 421 million. The acquired business includes PPG’sentire flat glass manufacturing and glass coatings operations in the US and Canada, which includes four manufacturing plants with a total of five flat glass furnaces, a research and development center, and four distribution and fabrication facilities in Canada. This acquisition helpedthe company to focus on CNT manufacturing with graphene, besides increasing its sales and business in emerging markets.
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