Report Details:
15 Companies Covered
111 Pages
Pune, India, June, 2018 /press release/- Market Research Future Published a Half Cooked Research Report on Global Glass Flake Coatings Market Research Report.
Glass Flake Coatings Market was valued at USD 2.40 Billion in 2020 and is projected to reach USD 2.82 Billion by 2028, at a CAGR of 4.50% during the forecast period (2021-2028).
The global glass flake coatings market is segmented by resin type, substrate type, application method, end-use industry, and region.
On the basis of the resin type, the global glass flake coatings market is segmented into the epoxy, polyester, vinyl ester, and others. The polyester is sub-segmented to isophthalic polyester and bisphenol polyester. The epoxy is sub-segmented to pure epoxy and hybrid epoxy. The hybrid epoxy glass flake coatings are further segmented to polyamine cured epoxy and polyamide cured epoxy. The vinyl ester is sub-segmented into standard vinyl ester and brominated vinyl ester. Epoxy resin accounted for the major share of the global glass flake coatings market in 2017 owing to its superior properties such as excellent corrosion, abrasion, and impact resistance as well as strong wettability & moisture retention property.
On the basis of the substrate type, the global glass flake coatings market is segmented into steel and concrete. The steel substrate consumed glass flake coatings on a large scale under substrate type category due to increased use of steel in shipbuilding, offshore & onshore platforms, chemical storage tanks, pipelines in 2017 and is expected to continue the dominance during the forecast period.
On the basis of the application method, the global glass flake coatings market is segmented into brush/roller, conventional spray, and airless spray. Airless spray accounted the major share of the global glass flake coatings market owing to the precision centric and large-scale application in marine, oil & gas, chemical and constructions industries.
On the basis of the end-use industries, the global glass flake coatings market is segmented into oil & gas, marine, chemical, construction, and others. The oil & gas industry is sub-segmented into offshore and onshore. The marine and oil & gas industries are collectively expected to become major consumers of the global glass flake coatings market owing to its wide application in oil & gas tanks and pipelines, offshore & onshore infrastructure and shipbuilding during the forecast period.
Glass Flake Coatings Market Regional Analysis
The global glass flake coatings market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific is expected to dominate the global glass flake coatings market during the forecast period. North America and Europe are followed Asia Pacific in terms of market size in 2017 and are expected to show steady demand during the forecast period. The Middle East & Africa and Latin America are likely to show rising demand for glass flakes coatings during the forecast period, 2018–2023.
Competitive Analysis
Some of the prominent players operating in the global glass flake coatings market are Akzo Nobel N.V. (Netherlands), Nippon Sheet Glass Co., Ltd. (Japan), PPG Industries, Inc. (U.S.), Jotun (Norway), Hempel A/S (Denmark), CHEMIPROTECT ENGINEERS (India), The Sherwin-Williams Company (U.S.), KCC CORPORATION. (South Korea), Corrosioneering Group (UK), Winn & Coales (Denso) Limited (England), BASF SE (Germany), Clean Coats. (India), Berger Paints India Limited (India), Shalimar Paints Limited (India), and Samhwar Paints Industrial Co. Ltd (South Korea).