Glass Flake Coatings Market Analysis

Global Glass Flake Coatings Market Overview

Glass Flake Coatings Market Size was valued at USD 3 Billion in 2023. The Glass Flake Coatings market End Use Industry is projected to grow from USD 3.14 Billion in 2024 to USD 4.30 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.03% during the forecast period (2024 - 2032). Significant expansion of the oil and gas sector and rising need for longer equipment lives, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Glass Flake Coatings Market Trends

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  Significant growth in oil and gas industry is driving the market growth

  
  

The principal application area for glass flake coatings, the oil and gas sector, is anticipated to grow quickly, accelerating market expansion. In the offshore oil and gas business, glass flake epoxy is frequently utilized, especially for splash zones with high-aggressive water. Due to the growing demand to strengthen the performance and endurance of equipment and devices, glass flake coatings are anticipated to have an increase in demand over the projected period in the oil and gas, maritime, chemical, and construction industries. Over the course of the projection period, there will likely be a significant increase in demand for glass flake coatings in new pipeline construction projects as a result of the expanding offshore oil and gas sector and rising energy demand. Additionally, during the projection period, the expanding marine industry is projected to significantly enhance demand for glass flake coatings for shipbuilding and maintenance projects due to an increase in trade as a result of trans-free trade agreements.

New infrastructure projects including roads, bridges, airports, and structures are developed as a result of the construction sector. These projects use glass flake coatings to prevent corrosion and increase the resilience and lifetime of infrastructure assets. Glass flakes are increasingly in demand as infrastructure construction progresses globally. The building of industrial facilities, such as factories, manufacturing plants, and warehouses, is another activity related to construction. To guarantee corrosion resistance and operational effectiveness, these facilities frequently need to apply protective coatings to their machinery, storage tanks, and buildings. Glass flake coatings offer efficient defense in these industrial settings, satisfying the demand for dependable, long-lasting solutions. Glass flakes are also frequently employed in water and wastewater treatment facilities, where corrosion resistance is important. These coatings guard against the corrosive effects of chemicals and wastewater on machinery like tanks, pipes, pumps, and concrete constructions. The need for glass flake coatings in this industry grows along with the expansion of water and wastewater treatment facilities to fulfill the rising demand for clean water. Glass flake coatings are also used in architectural projects like office buildings, apartment buildings, and public infrastructure. They are utilized to shield surfaces like balconies, parking lots, facades, and other architectural components. Glass flake coatings improve the longevity and aesthetics of architectural structures by offering both corrosion protection and visual appeal. Thus, driving the Glass Flake Coatings market revenue.

Glass Flake Coatings Market Segment Insights

Glass Flake Coatings Resin Type Insights

The Glass Flake Coatings market segmentation, based on resin type, includes polyester, vinyl ester, and epoxy. Epoxy segment dominated the market in 2022. Epoxy glass flakes are renowned for their extraordinary abilities to resist corrosion. Surfaces are shielded by them from the corrosive effects of chemicals, moisture, and severe conditions thanks to the strong barrier they generate. Epoxy glass flake coatings are used by sectors like oil and gas, marine, chemical processing, and power generation to increase the longevity and durability of components, equipment, and infrastructure.

Glass Flake Coatings Substrate Type Insights

The Glass Flake Coatings market segmentation, based on substrate type, includes steel and concrete. Steel segment dominated the Glass Flake Coatings market in 2022. Steel substrates are ideal for demanding applications because of their superior mechanical strength and endurance. They offer enduring protection to surfaces exposed to harsh weather or mechanical stress because of their ability to tolerate abrasion, impact, and wear.

Glass Flake Coatings Application Method Insights

The Glass Flake Coatings market segmentation, based on Application method, includes brush/roller, conventional spray, and airless spray. Conventional spray segment dominated the Glass Flake Coatings market in 2022. This is explained by the advantages provided by the traditional spray application approach. 

Glass Flake Coatings End Use Industry Insights

The Glass Flake Coatings market segmentation, based on end use industry, includes oil & gas, marine, chemical, construction, and others. Marine segment dominated the market in 2022. Extreme temperatures, UV radiation, waves, and salt spray are just a few of the difficult climatic conditions that the marine business must deal with. Glass flakes provide superior resistance to these demanding conditions. They ensure the durability and dependability of maritime assets by protecting them from UV deterioration, thermal expansion and contraction, impact, and erosion brought on by waves and abrasive particles.

Figure 1: Glass Flake Coatings Market, by End Use Industry, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Glass Flake Coatings Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific Glass Flake Coatings market dominated this market in 2022 (45.80%). This rise might be attributed to the region's growing demand from end-user industries like oil and gas, maritime, and shipbuilding. Moreover, China’s Glass Flake Coatings market held the largest market share, and the Indian Glass Flake Coatings market was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil. 

Figure 2: GLASS FLAKE COATINGS MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

The North America Glass Flake Coatings Market is expected to register significant growth from 2023 to 2032. Oil, natural gas, and renewable energy sources like offshore wind are among the abundant offshore energy resources in North America. Further, the U.S. Glass Flake Coatings market held the largest market share, and the Canada Glass Flake Coatings market was the fastest growing market in the North America region.

Europe Glass Flake Coatings market accounted for the healthy market share in 2022. With plans for large investments in industries including transportation, electricity, and water management, European governments have demonstrated a strong commitment to infrastructure development. Further, the German Glass Flake Coatings market held the largest market share, and the U.K Glass Flake Coatings market was the fastest growing market in the European region

Glass Flake Coatings Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Glass Flake Coatings market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Glass Flake Coatings Industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Glass Flake Coatings Industry to benefit clients and increase the market sector. In recent years, the Glass Flake Coatings Industry has offered some of the most significant advantages to medicine. Major players in the Glass Flake Coatings market, including Akzo Nobel N.V., Nippon Sheet Glass Co., Ltd., PPG Industries Inc., Jotun, Hempel A/S, CHEMIPROTECT ENGINEERS, The Sherwin-Williams Company, KCC CORPORATION, Corrosioneering Group, Winn & Coales (Denso) Limited, BASF SE, Clean Coats, Berger Paints India Limited, Shalimar Paints Limited, and Samhwar Paints Industrial Co. Ltd., are attempting to increase market demand by investing in research and development operations.

Providing paints and coatings on a scale is Akzo Nobel NV (Akzo Nobel). It produces and distributes specialized chemicals. The company's product line includes surfactants, industrial coatings, functional chemicals, wood finishes and adhesives, marine and protection coatings, powder coatings, and functional, industrial, pulp, and performance chemicals. The markets for industrial, consumer goods, transportation, and building and infrastructure all use its products. The company sells its goods under a variety of brands, including Bruguer, Dulux, Sadolin, Flexa, Marshall, Coral, Alba, Inca, Cetol, Ceta bever, Levis, and Herbol. North America, Latin America, Europe, and Asia-Pacific are all regions where it operates. The headquarters of Akzo Nobel are in Amsterdam, the Netherlands.

Chemical firm PPG Industries Inc. (PPG) produces and sells paints, coatings, optical goods, and speciality materials. It provides sealants, amorphous precipitated silicas, and protective and ornamental coatings. The business serves clients in a variety of end-use industries, including those for industrial equipment and components, packaging materials, aircraft and marine equipment, original equipment manufacturers (OEM) for the automobile industry, automotive refinishing, and industrial and consumer goods. Additionally, it caters to the new construction and maintenance industries for businesses and homes. The business operates in 70 different nations. PPG runs production plants across North America, Latin America, Europe, the Middle East, and Africa (EMEA), as well as Asia-Pacific. In the US, the firm operates research centers in North Carolina and Pennsylvania. The US city of Pittsburgh, Pennsylvania, is home to PPG's headquarters.

Key Companies in the Glass Flake Coatings market include

• Akzo Nobel N.V.


• Nippon Sheet Glass Co., Ltd.


• PPG Industries Inc.


• Jotun


• Hempel A/S


• CHEMIPROTECT ENGINEERS


• The Sherwin-Williams Company


• KCC CORPORATION


• Corrosioneering Group


• Winn & Coales (Denso) Limited


• BASF SE


• Clean Coats


• Berger Paints India Limited


• Shalimar Paints Limited


• Samhwar Paints Industrial Co. Ltd.

Glass Flake Coatings Industry Developments

February 2020: The metallic glass coating technology was created by a team from National Taiwan University of Science and Technology (NTUST).

Glass Flake Coatings Market Segmentation

Glass Flake Coatings Resin Type Outlook

• Polyester


• Vinyl Ester


• Epoxy

Glass Flake Coatings Substrate Type Outlook

• Steel


• Concrete

Glass Flake Coatings Application Method Outlook

• Brush/Roller


• Conventional Spray


• Airless Spray

Glass Flake Coatings End Use Industry Outlook

• Oil & Gas


• Marine


• Chemical


• Construction


• Others

Glass Flake Coatings Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America