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Glass Flake Coatings Market by Resin, Substrate, End-Use Industry And Region - Global Forecast to 2022

Glass Flake Coatings Market: Global Forecast until 2022

  • February 2018
  • 138 pages
  • ID: 5343324
In this report:
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Summary

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The glass flake coatings market is anticipated to grow at a CAGR (Compound annual growth rate) of ~4.5 percent between 2017 and 2022

The glass flake coatings market is projected at ~$1.4B in 2017 and is projected to extend ~$1.8B by 2022, at a compound annual growth rate of ~4.5 percent between 2017 and 2022. Glass flake coatings offer excellent resistance to oil, gas, moisture, chemicals, and many solvents.

The sector is mainly influenced by the raised demand for glass flake coatings to coat substrates including steel and concrete in the oil & gas, marine, and chemical & petrochemical end-use markets. The glass flake coatings market may be restrained by the slow rise of the chemical & petrochemical and marine markets in Europe (EU)

Established on resin, the epoxy segment is forecasted to dominate the glass flake coatings market during the estimate period

The epoxy segment is anticipated to lead the glass flake coatings market during the outlook period. Epoxy resins are one of the most versatile materials available for coating in marine environments.

Epoxy-based glass flake coatings have distinct properties, containing superior anti-corrosion properties and longer service life, which make them highly useful for coating steel structures used in industrial plants, tank exteriors, oil tanks, pipelines, and cooling towers

Asia-Pac to lead the glass flake coatings market during the estimate period

Asia Pacific (APAC) is the biggest and the quickest-increasing area in the glass flake coatings market. It is expected to register the highest compound annual growth rate (CAGR) during the outlook period and offer significant opportunities to glass flake coatings market actors.

The low cost of production and availability of cheap labor in the territory are some of the factors providing to this high increase. China (CN) has been driving the glass flake coatings market not only in the Asia Pacific area but also globally due to the quick expansion of its chemical manufacturing market and growing shipbuilding activities.

Breakup of primary interviews:

• By Company category - Tier 1-48.0 percent, Tier 2-31.0 percent, and Tier 3-21.0 percent

• By Description - C level-32%, D level-28%, and Others-40%

• By Area - APAC-33%, Europe-24%, the Middle East (ME) & Africa-22%, North America-12%, and South America-9%

Key firms decribed in this industry report contain Akzo Nobel, PPG Sectors, Jotun, Hempel, Chugoku Marine, Sherwin-Williams (NYSE:SHW), KCC Corporation, Nippon Paint, Kansai Paint, and RPM International.

Segment Research

The glass flake coatings market report includes several segmentations that include by resin (epoxy, vinyl ester, polyester), by substrate, and by end-use sector (oil & gas, marine, chemical & petrochemical, and others). The end-use industry segments have been further analyzed for each country across territories.

Why acquiring this study can help you

From an insight prospect, this market research has emphasized several levels of analyses - industry, market share research of top players, benchmarking review, and company descriptions, which together comprise and examine the basic overviews on the competitive landscape, coming out and high-growth segments of the glass flake coatings market, high-growth areas, and sector drivers, market restraints, alternatives, and opportunities.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on glass flake coatings provided by key players in the overall glass flake coatings market

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the glass flake coatings market

• Market Development: Highlighted information concerning lucrative emerging markets-the report examines the industries for glass flake coatings across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall glass flake coatings market

• opposing assessment: In-depth assessment of market ranking, strategies, products, and manufacturing competences of key players in the overall glass flake coatings market

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