Glass Flake Coatings Market Overview
The Glass Flake Coatings Market research report presents detailed information regarding the market size, share, drivers, restraints, opportunities and trends affecting market growth, expert review & forecast. Glass Flake Coatings Market research offers exact and accurate statistics of the industry, including overall revenue and industry description. Glass flake coatings are advanced coatings with improved corrosion and abrasion resistance, and strong impermeability barrier resistance for chemicals and solvents. Glass flake coatings provide superior protection to steel and concrete substrates in the marine, oil & gas, chemical & petrochemical, power plants, and paper & pulp industries. Glass Flake Coatings Market report also covers a detailed analysis of major industrial events over the years. A detailed study of product offerings, production, manufacturing, designing, costs, profits, sales channel, etc. is offered in the market report.
Glass Flake Coatings Market Key Players
Chugoku Marine (Japan), KCC Corporation (South Korea), Nippon Paint (Japan), and Kansai Paint (Japan) are some of the key players in the Asia Pacific glass flake coating market. Akzo Nobel (Netherlands), Jotun (Norway), and Hempel (Denmark) are key players in the European region, while PPG Industries (US), The Sherwin-Williams Company (US), and RPM International (US) are key players in the North American region.
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Key manufacturers including Akzo Nobel (Netherlands), PPG Industries (US), Jotun (Norway), Hempel (Denmark), Chugoku Marine (Japan), The Sherwin-Williams Company (US), KCC Corporation (South Korea), Nippon Paint (Japan), Kansai Paint (Japan), and RPM International (US) have been profiled in this report.
This research report categorizes the global glass flake coatings market based on resin, substrate, end-use industry, and region.
Glass Flake Coatings Market Segmentation
By Resin Type:
- Epoxy
- Vinyl Ester
- Polyester
Based on resin type, the epoxy segment is estimated to lead the glass flake coatings market during the forecast period
The growth of the epoxy segment can be attributed to the increasing use of epoxy-based glass flake coatings in various applications in the oil & gas, marine, and chemical & petrochemical end-use industries. Epoxy-based glass flake coatings provide excellent protection against corrosion and abrasion in harsh atmospheric environments.
By Substrate Type:
- Steel
- Concrete
Based on substrate, the steel segment is projected to lead the glass flake coatings market during the forecast period
Based on substrate, the steel segment is projected to lead the market during the forecast period. The growth in this segment can be attributed to the increased use of steel in the building of large & medium sized ships, chemical storage tanks, pipelines, and offshore & onshore platforms. Glass flake coatings provide resistance from corrosion, abrasion, and chemicals to steel substrates.
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By End-use Industry:
- Oil & Gas
- Marine
- Chemical & Petrochemical
Based on end-use industry, the oil & gas segment is projected to lead the glass flake coatings market during the forecast period
Based on end-use industry, the oil & gas segment is projected to lead the market during the forecast period. The growth in this segment can be attributed to the increased use of glass flake coatings in offshore & onshore platforms, pipelines, tanks, submerged surfaces, concrete bunds, and associated infrastructures.
By Region:
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- South America
Asia Pacific to lead the glass flake coatings market due to growth in the shipbuilding and chemical manufacturing industries in the region
The Asia Pacific region is expected to be the largest market for glass flake coatings mainly due to the rapidly-growing economies of China and India in the region. This, along with the low cost of production and availability of cheap labor, has caused various chemical companies in the market to shift their production bases to the Asia Pacific region. Also, the global shipbuilding industry, a major end-user of epoxy-based glass flake coatings, is led by Asia Pacific—particularly by China, South Korea, and Japan due to the presence of the top five shipbuilding groups in the region.
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