The global Glass Flake Coatings market is forecast to reach USD 2.03 Billion by 2026, according to a new report by Reports and Data. Glass flake coatings are specialty chemicals that are used in the ship manufacturing industry since it is resistant to chemicals, moisture, oil, gas, and many other solvents. Glass flake coatings is also known as borosilicate. It is extensively used as a substrate in the production of effect pigments.
The market for glass flake coating chemicals is influenced by the rising demand for construction materials, the evolution of environmentally friendly chemicals required by construction industries, and development of automobile industries, which require large glass flake coating chemicals. The glass flake coating chemicals are improving the performance and life span of the devices and equipment. There is a continuous fluctuation in the price of glass flake coatings, which are affecting its market.
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The above-mentioned factors collectively create opportunities for the market growth while factors such as unfavorable effects of glass flake coatings chemicals pose limitations in the market. However, each factor would have a definite impact on the market during the forecast period. Consistent advancements in the glass flake chemicals market owing to innovative efforts have enhanced the efficiency of coating chemicals.
Key participants Chemiproject Engnieers, Nippon Sheet Glass Co., Ltd., Akzo Nobel N.V., Jotun, Hempel A/S, Corrosioneering Group, Berger Paints India Limited, Sherwin-Williams Company, Shalimar Paints Limited, and Samhwar Paints Industrial Co. Ltd among others.
Market Overview:
The materials and chemicals sector is significantly gaining traction in the last few years owing to high demand for raw materials and chemicals in various industrial sectors such as food and beverages, paper, medical and healthcare, biotechnology and pharmaceutical, manufacturing among others. Global Glass Flake Coatings market revenue growth is primarily driven by factors such as rising focus by major companies on product/service expansion into new and untapped domestic and international markets, rising investments in strategic agreements and mergers, and rapidly growing competition in the market. Growing awareness about energy efficiency and green energy, rising need for reducing carbon emission and rising adoption of biodigerable products is supporting growth of the global Glass Flake Coatings market. In addition, rising investments in research and development activities, and rising per capita income are further fueling global market growth.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/glass-flake-coatings-market
Further key findings from the report suggest
- Epoxy held the largest market share of 49.3% in the year 2018. Epoxy is widely used in this industry because it is resistant to high temperature, and they are compatible with various substrates which benefits the end-users. The epoxy coating is mainly used for tank lining, pipe coating, and ballast tank coating.
- In the oil and gas projects epoxy is used because it can repair leaky pipes, cost-effective, and less time is required to complete this coating. This coating is eco-friendly, which makes it more in demand in present scenarios.
- Marine Industry held the largest market share of 34.5% in the year 2018. In the Asia Pacific region, the marine industry is growing since high investment is being made in trading merchandise goods. There is an emergence of the marine industry in China which has driven the market of glass flake coating.
- Steel segment is forecasted to witness a higher CAGR of 5.6% during the forecast period. Steel is used in storage tanks, offshore and onshore platforms, pipelines and ship building because it increases the lifespan of the metal substrate.
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For the purpose of this report, Reports and Data have segmented into the global Glass Flake Coatings market on the basis of substrate type, resin, end-users, and region:
Substrate Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Steel
- Concrete
Resin Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Epoxy
- Polyester
- Vinyl Ester
- Others
End Users Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Oil and gas
- Marine
- Chemical and Petrochemical
- Automobiles
- Construction
- Aerospace
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Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- North America
- Europe
- Asia Pacific
- MEA
- Latin America
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The global glass flake coatings market was valued at US$ 1480.00 Mn in 2017 and is anticipated to expand at a CAGR of 4.51% from 2018 to 2026, according to a new report titled ‘Glass Flake Coatings Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR).
The global glass flake coatings market is driven by the rise in demand for these coatings in the marine industry.
Asia Pacific accounts for major share of the global glass flake coatings market owing to the high demand for these coatings in various end-user industries in the region.
High demand for these coatings in marine and oil & gas industries is expected to be a major driver of the global glass flake coatings market during the forecast period.
The power generation end-user segment is also estimated to expand at a fast pace during the forecast period.Growth in Shipbuilding Industry in Emerging Economies in Asia Pacific Propelling Demand for Glass Flake Coatings in Marine ApplicationsGlass flake coatings are employed in water tanks to protect the internal body from corrosion.
Glass flake coatings are used in the power generation industry owing to their properties of abrasion and corrosion resistance from high temperatures and harsh environment conditions.
Abstract:Glass Flake Coatings offer excellent resistance to oil, gas, moisture, chemicals, and many solvents.Asia Pacific is the largest and the fastest-growing region in the glass flake coatings market.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/33391/global-glass-flake-coatings-2019-443The global Glass Flake Coatings market is valued at 1.44 billion US$ in 2017 is expected to reach 1.80 million US$ by the end of 2022, growing at a CAGR of 4.48% during 2017–2022.This report focuses on Glass Flake Coatings volume and value at global level, regional level and company level.
From a global perspective, this report represents overall Glass Flake Coatings market size by analyzing historical data and future prospect.
Regionally, this Glass Flake Coatings report focuses on several key regions: North America, Europe, China and Japan.At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.View the Complete Report @ https://www.24chemicalresearch.com/reports/33391/global-glass-flake-coatings-2019-443The following manufacturers Of Glass Flake Coatings are covered:AKZO NOBELPPG INDUSTRIESJOTUNHEMPELCHUGOKU MARINESHERWIN-WILLIAMSNIPPON PAINTSKANSAI PAINTRPM INTERNATIONALBERGER PAINTSSHALIMAR PAINTSBASFDULUXGROUPGRAUER & WEILSAMHWA PAINTSYUNG CHI PAINT & VARNISHGlass Flake Coatings Segment by RegionsNorth AmericaEuropeChinaJapanGlass Flake Coatings Segment by TypeEpoxyVinyl EsterPolyesterGlass Flake Coatings Segment by ApplicationOil & GasMarineChemical & PetrochemicalGet more information from Table of Content@ https://www.24chemicalresearch.com/reports/33391/global-glass-flake-coatings-2019-443#toc CONTACT US:North Main Road Koregaon Park, Pune, India — 411001.International: +1(646)-781–7170Asia: +91 8329744015Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24chemicalresearch/
