Glass Flake Coatings Market – Snapshot

Glass flake coatings possess superior properties such as high tensile strength, high temperature resistance, and excellent moisture resistance. These coatings are commonly employed in critical and complex applications. Glass flake coatings are primarily used in end-use industries such as shipbuilding, oil & gas, power generation, and wastewater treatment. Rise in usage of glass flake coatings in complex and critical applications in industries such as marine, oil & gas, and power generation is propelling the global demand for these coatings. Glass flake coatings possess excellent barrier properties. They also provide reinforcement to substrates from mechanical, thermal, and chemical abrasion. These coatings are also employed in thermal power stations, pharmaceuticals, food and beverages, dyes, wastewater treatment plants, heavy chemicals, and external and internal tanks used in the marine industry.

glass flake coatings market

Based on resin type, the global glass flake coatings market has been segmented into epoxy, polyester, and vinyl ester. Epoxy is a widely used type of glass flake coatings. The epoxy segment is expected to dominate the global glass flake coatings market during the forecast period due to the high temperature resistance of epoxy glass flake coatings and their compatibility with different substrates that are used in a wide range of end-use industries.

In terms of substrate, the global glass flake coatings market has been bifurcated into metal and concrete. The metal segment accounts for major share of the market. Metal substrates are increasingly used in various end-use industries such as petrochemicals, wastewater treatment, and marine. The usage of metal substrates in shipbuilding, offshore & onshore platforms, pipelines, and storage tanks has been rising. This, in turn, is boosting the demand for glass flake coatings in the marine industry. Glass flake coatings minimize the impact of abrasive & corrosive environments over steel substrates. This increases the lifespan of metal substrates. On the other hand, concrete substrate is used widely in the oil & gas industry.

Based on end-user, the global glass flake coatings market has been divided into oil & gas, marine, power generation, industrial, wastewater treatment, and others (paper & pulp, infrastructure, and transportation). Demand for glass flake coatings in the marine industry is rising at a rapid pace, owing to their resistance to high temperature and water; and high tensile strength. Expansion in the shipbuilding industry is also fueling the demand for glass flake coatings. Demand for high-performance coating solutions has increased significantly in shipbuilding projects. These coating solutions are used to protect marine vessels and structures from erosion, fouling, abrasion, saltwater, air, and UV degradation. End-user industries such as oil & gas, power generation, and wastewater treatment are also projected to expand at a rapid pace during the forecast period. Glass flake coatings offer excellent physical and mechanical properties. Therefore, these coatings are suitable for usage in high-end applications in oil & gas and power generation. Power generation is estimated to be a rapidly growing segment of the glass flake coatings market during the forecast period.

In terms of region, the global glass flake coatings market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In terms of revenue, Asia Pacific dominated the global glass flake coatings market in 2017. The region is likely to continue its dominance throughout the forecast period. This can be ascribed to the expansion in the shipbuilding industry in developing economies such as China, India, and Singapore. Additionally, growth in the chemical industry is augmenting the glass flake coatings market in Asia Pacific. It is anticipated to be a rapidly expanding region of the market during the forecast period. North America also holds key share of the global glass flake coatings market. The glass flake coatings market in the region is expected to expand at a sluggish pace vis-à-vis that in other regions. Europe constituted significant share of the global glass flake coatings market in 2017. The market in the region is projected to expand at a moderate pace during the forecast period. The glass flake coatings market in Latin America and Middle East & Africa is anticipated to expand at a rapid pace during the forecast period owing to the expansion in the oil & gas industry in these regions.

High degree of competition exists among players operating in the global glass flake coatings market. The market is dominated by large players that are technologically sound. These account for prominent share of the market. The glass flake coatings market is capital and technology intensive. Glass flake coatings are used in high-end applications; therefore, brand image plays a vital role in the market.

Key players operating in the global glass flake coatings market include Akzo Nobel N.V., PPG Industries, Sherwin-Williams, Jotun, and Hempel A/S.

Glass Flake Coatings Market - Overview

Glass flake coatings possess superior properties such as anticorrosion and anti-abrasion. They also offer barrier to high temperature and harsh chemicals. Glass flake coatings are widely used in various applications due to their characteristics of fire retardancy, mechanical reinforcement, dimensional stability, and UV light resistance. These coatings provide protection from physical and chemical corrosion. Therefore, they are extensively employed in marine, infrastructure, and construction industries.

Based on resin type, the global glass flake coatings market has been segmented into epoxy, polyester, and vinyl polyester. Epoxy is a widely used resin type of glass flake coatings. The epoxy segment is likely to dominate the global glass flake coatings market during the forecast period, owing to its attributes of excellent barrier to mechanical and thermal constraints. Epoxy resins are environment-friendly and provide superior resistance from chemical and heat abrasion. Additionally, epoxy-based glass flake coatings are biocompatible. Thus, they are safe for usage in the food & beverages industry.

In terms of substrate, the global glass flake coatings market has been bifurcated into metal and concrete. The metal segment accounted for key share of the market in 2017. It is estimated to be a rapidly growing segment during the forecast period owing to the broad range of applications in various end-use industries. Demand for glass flake coatings in metal based substrates is high in chemical and wastewater treatment plants, and the marine industry.

Based on region, the global glass flake coatings market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is estimated to lead the global glass flake coatings market in the next few years. The market in the region is projected to expand rapidly during the forecast period. Growth in various end-use industries such as marine, wastewater treatment, and power generation is primarily driving the demand for glass flake coatings in Asia Pacific. Expansion in the shipbuilding industry is also fueling the demand for glass flake coatings in the region.

The report analyzes and forecasts the glass flake coatings market at the global and regional levels. The market has been projected in terms of revenue (US$ Mn) from 2018 to 2026. The study includes drivers and restraints of the global glass flake coatings market. It also covers the expected impact of these drivers and restraints on demand for glass flake coatings during the forecast period. The report also highlights growth opportunities for the glass flake coatings market at the global and regional levels.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global glass flake coatings market. Porter’s Five Forces model for the glass flake coatings market has also been included to help understand the competition landscape. The study encompasses market attractiveness analysis, wherein resin type, substrate, and end-user industry segments have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global glass flake coatings market by segmenting it in terms of resin type, substrate, end-user industry, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes current and future demand for glass flake coatings in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers individual resin type, substrate, and end-user industry segments of the market in all the regions.

The study includes profiles of major companies operating in the global glass flake coatings market. Key players profiled in the report are Akzo Nobel N.V., PPG Industries, Sherwin-Williams Jotun, Hempel A/S and Chugoku Marine Paints. Market players have been profiled in terms of company overview, business strategies, and recent developments.

The report provides the estimated size of the global glass flake coatings market for 2018 and forecast for the next eight years. The size of the global glass flake coatings market has been provided in terms of revenue. Market numbers have been estimated based on resin type, substrate, end-user industry, and region. The market size and forecast for each resin type, substrate, and end-user industry segment have been provided at the global and regional levels.

Global Glass Flake Coatings Market, by Resin Type

  • Epoxy
  • Polyester
  • Vinyl Ester

Global Glass Flake Coatings Market, by Substrate

  • Metal
  • Concrete

Global Glass Flake Coatings Market, by End-user Industry

  • Oil & Gas
  • Marine
  • Industrial
  • Power Generation
  • Wastewater Treatment
  • Others (Paper & Pulp, Infrastructure, and Transportation)

Global Glass Flake Coatings Market, by Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Key Takeaways

  • The report provides extensive analysis of market trends from 2017 to 2026 to identify opportunities and market developments
  • It provides analysis of resin types, substrates, and end-user industries wherein glass flake coatings are used
  • It identifies key factors responsible to build a roadmap for upcoming opportunities for the glass flake coatings market at the global, regional, and country levels
  • The report offers comprehensive analysis with respect to investments and regulatory scenario that would subsequently impact the outlook and forecast for the global glass flake coatings market between 2018 and 2026
  • The report provides detailed competition landscape of key players operating in the market to understand the competition level
  • It includes Porters’ Five Forces analysis that highlights the power of buyers and suppliers in the market
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