Glass Flake Coatings Market Scope

The report "Glass Flake Coatings Market by Resin (Epoxy, Vinyl Ester, Polyester), Substrate (Steel, Concrete), End-Use Industry (Oil & Gas, Marine, Chemical & Petrochemical), and Region (APAC, Europe, North America, South America, MEA) - Global Forecast to 2022" published by MarketsandMarkets™, the global glass flake coatings market size is estimated at USD 1.44 Billion in 2017 and is projected to reach USD 1.80 Billion by 2022, growing at a CAGR of 4.48% from 2017 to 2022, in terms of value. 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.

The Glass Flake Coatings market is a specialized segment of the industrial coatings industry that focuses on the production and use of coatings that contain glass flakes as a key ingredient. These coatings are typically used in industrial and marine settings, as well as in the oil and gas industry, due to their high level of corrosion resistance. The market for glass flake coatings is expected to grow in the coming years, driven by the increasing demand for corrosion-resistant coatings in various industries and the growing focus on environmental regulations and safety. Factors that may hinder the growth of the market include the high cost of the raw materials used in the production of glass flake coatings and the need for specialized application equipment and techniques.

 Get Sample Copy of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=8719963
 
Glass Flake Coatings Market, Based on 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.

Glass Flake Coatings Market, Based on 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.

Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=8719963

Glass Flake Coatings Market, Based on End-use Industry: 

  • Oil & Gas
  • Marine
  • Chemical & Petrochemical
  • Others

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. Glass flake coatings provide sufficient protection to these assets and pipelines, which increase their durability by reducing the effects of the corrosive and abrasive environment under which they operate.

Glass Flake Coatings Market, Based on 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.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=8719963

Key market players in the Glass Flake Coatings Market 

Key players in the Glass Flake Coatings Market are -

  • Akzo Nobel (Netherlands)
  • PPG Industries (US)
  • Chugoku Marine (Japan)
  • Jotun (Norway)
  • Hempel (Denmark)
  • The Sherwin-Williams Company (US)
  • KCC Corporation (South Korea)
  • Nippon Paint (Japan)
  • Kansai Paint (Japan)
  • RPM International (US)

*** Also Browse Trending Report of MNM ***

https://www.marketsandmarkets.com/Market-Reports/digital-printing-packaging-market-249244591.html

https://www.marketsandmarkets.com/Market-Reports/pipeline-monitoring-system-market-138709351.html

https://www.marketsandmarkets.com/Market-Reports/dental-diamond-burs-market-86086144.html

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]