Study papers on Glass Flake Coatings market and regional forecast. Glass Flake Coatings market players are 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).
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glass flake coatings market is estimated at USD 1.44 billion in 2017and is projected to reach USD 1.80 billion by 2022,at a CAGR of 4.48% from 2017to 2022. Glass flake coatings offer excellent resistance to oil, gas, moisture, chemicals, and many solvents.
The market is mainly driven by the increased demand for glass flake coatings to coat substrates such as steel and concrete in the oil & gas, marine, and chemical & petrochemical end-use industries. The glass flake coatings market may be restrained by the slow growth of the chemical & petrochemical and marine sectors in Europe.
- Manufacturers of glass flake coatings
- Raw material suppliers
- End-users of glass flake coatings, such as the oil & gas, marine, and chemical & petrochemical industries
- Traders, distributors, and suppliers of glass flake coatings
- Regional manufacturer associations and various general coatings associations
- Governments, investment banks, venture capitalists, and private equity firms
Asia Pacific is the largest and the fastest-growing region in the glass flake coatings market. It is projected to register the highest CAGR during the forecast period and offer significant opportunities to glass flake coatings market players.
The low cost of production and availability of cheap labor in the region are some of the factors contributing to this high growth. China has been driving the glass flake coatings market not only in the Asia Pacific region but also globally due to the rapid expansion of its chemical manufacturing industry and increasing shipbuilding activities.
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The epoxy segment is expected to lead the glass flake coatings market during the forecast period. Epoxy resins are one of the most versatile materials available for coating in marine environments.
Epoxy-based glass flake coatings have different properties, including superior anti-corrosion properties and longer service life, which make them highly useful for coating steel structures used in industrial plants, tank exteriors, oil tanks, pipelines, and cooling towers.
2 Market Ranking Analysis
3 Competitive Scenario
3.1 Investments & Expansions
3.2 New Product Developments/Launches
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The glass flake coatings market report covers various segmentations that include by resin (epoxy, vinyl ester, polyester), by substrate (steel, concrete), and by end-use industry (oil & gas, marine, chemical & petrochemical, and others).The end-use industry segments have been further analyzed for each country across regions.
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