Glass Flake Coatings Market Growth, Size, Trends, Demand, Share, Revenue and Future Outlook
Glass Flake Coatings Market Size- By Resin, By Substrate, By End User Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2024 | Report ID: CHEM2435 | Pages: 1 - 224 | Formats*: |
| Category : Chemical & Materials | |||
Glass Flake Coatings Market Introduction and Overview
According to SPER Market Research, the Global Glass Flake Coatings Market is estimated to reach USD 2.17 billion by 2033 with a CAGR of 3.21%.
The report includes an in-depth analysis of the Global Glass Flake Coatings Market, including market size and trends, product mix, distribution channels, and supplier analysis. Glass flake coatings are a form of protective coating that uses finely distributed glass flakes in a resin matrix. These coatings provide great performance and endurance in harsh conditions, making them ideal for a variety of industrial applications requiring corrosion, chemical, and abrasion resistance. The unusual structure of glass flake coatings gives numerous significant advantages. First, the overlapping arrangement of glass flakes forms a barrier that prevents moisture, gases, and corrosive substances from penetrating the substrate, protecting it from corrosion and deterioration. Furthermore, the high aspect ratio of glass flakes provides mechanical strength to the coating, increasing resistance to impact and abrasion.
- January 2024: RPM international INC established an Innovation Centre of Excellence in Greensboro, North Carolina. This cutting-edge 60,000-square-foot building serves as RPM's first combined research and development center.
- March 2021: Jotun declared a price hike in reaction to growing costs of important raw ingredients such as epoxies, copper, zinc, polyester, emulsions, and titanium dioxide.
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Market Opportunities and Challenges
Glass flake coating demand has surged due to the need for effective corrosion protection solutions in sectors such as oil and gas, marine, chemical processing, and infrastructure. These coatings offer excellent corrosion protection, increasing the usable life of machinery, structures, and other assets. The need for protective coatings such as glass flake coatings has increased due to the expansion of infrastructure projects, especially in developing nations. Corrosion prevention must be trustworthy while building water treatment plants, bridges, pipelines, and other infrastructure. Because of their well-known low permeability and chemical resistance, glass flake coatings can aid in the containment of dangerous materials and the avoidance of environmental pollution. Using protective coatings that reduce environmental harm is more crucial than ever as environmental restrictions get stricter.
The glass flake coatings industry confronts numerous constraints that may impede its growth and acceptance. Glass flake coatings can be more expensive than traditional coatings due to the expense of raw ingredients, production procedures, and specialized application techniques. The initial expenditure necessary to purchase and install glass flake coatings may inhibit certain end users, particularly those with limited funds or cost-sensitive projects. Alternative corrosion protection technologies, such as epoxy coatings, polyurethane coatings, and ceramic coatings, are putting pressure on the glass flake coating business. End customers may choose these alternatives based on cost, performance, simplicity of use, and customization choices.
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Market Competitive Landscape
The study includes competitive analysis and profiles of the leading worldwide companies in the consumer electronics packaging industry. These players include Akzo Nobel, PPG Industries, Jotun, Hempel, Chugoku Marine, The Sherwin Williams, KLL Corporation, Nippon Paint, Kansai Paint, RPM International.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Resin, By Substrate, By End Use Industry |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | Akzo Nobel, PPG Industries, Jotun, Hempel, Chugoku Marine, The Sherwin Williams, KLL Corporation, Nippon Paint, Kansai Paint, RPM International. |
COVID-19 Impact on Global Glass Flake Coatings Market
The coatings business sources its raw materials and chemicals from a diverse range of global providers. It's possible that the pandemic affected the supply chain, causing delays and shortages of essential components needed to make glass flake coatings. Transportation delays, plant closures, and border restrictions were possible outcomes. Manufacturing, aerospace, automotive, and construction were among the industries affected by the lockdowns and economic downturns caused by the outbreak. Particularly glass flake coatings, these sectors need a lot of coatings. The entire coatings industry may have been impacted by decreased demand in some industries.
Key Target Audience
- Industrial manufactures and fabricators
- Research and development institutions
- Government agencies
- End users in various industries
- Corrosion protection specialists
- Maintenance and repair contractors
- Engineering and construction firms
Our in-depth analysis of the Glass Flake Coatings Market includes the following segments:
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| By Substrate: |
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| By End Use Industry: |
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Key Topics Covered in the Report
- Global Glass Flake Coatings Market Size (FY’2024-FY’2033)
- Overview of Global Hair Colour Spray Market
- Segmentation of Global Glass Flake Coatings Market By Resin (epoxy, vinyl, ester and polyester)
- Segmentation of Global Glass Flake Coatings Market By Substrate (steel, concrete)
- Segmentation of Global Glass Flake Coatings Market By End User Industry (oil and gas, marine, chemical and petrochemical)
- Statistical Snap of Global Glass Flake Coatings Market
- Expansion Analysis of Global Glass Flake Coatings Market
- Problems and Obstacles in Global Glass Flake Coatings Market
- Competitive Landscape in the Global Glass Flake Coatings Market
- Impact of COVID-19 and Demonetization on Global Glass Flake Coatings Market
- Details on Current Investment in Global Glass Flake Coatings Market
- Competitive Analysis of Global Glass Flake Coatings Market
- Prominent Players in the Global Glass Flake Coatings Market
- SWOT Analysis of Global Glass Flake Coatings Market
- Global Glass Flake Coatings Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Glass Flake Coatings Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. The Global Glass Flake Coatings Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in The Global Glass Flake Coatings Market
7. The Global Glass Flake Coatings Market, By Resin (USD Million)
7.1. The Global Glass Flake Coatings Market Value Share and Forecast, By Resin, 2023-20337.2. Epoxy7.3. Vinyl7.4. Ester7.5. Polyester
8. The Global Glass Flake Coatings Market, By Substrate (USD Million)
8.1. The Global Glass Flake Coatings Market Value Share and Forecast, By Substrate, 2023-20338.2. Steel8.3. Concrete
9. The Global Glass Flake Coatings Market, By End Use Industry (USD Million)
9.1. The Global Glass Flake Coatings Market Value Share and Forecast, By End Use Industry, 2023-20339.2. Oil and Gas9.3. Marine9.4. Chemical and Petrochemical
10. The Global Glass Flake Coatings Market Forecast, 2019-2033 (USD Million)
10.1. The Global Glass Flake Coatings Market Size and Market Share
11. The Global Glass Flake Coatings Market, By Resin, 2019-2033 (USD Million)
11.1. The Global Glass Flake Coatings Market Size and Market Share By Resin (2019-2026)11.2. The Global Glass Flake Coatings Market Size and Market Share By Resin (2027-2033)
12. The Global Glass Flake Coatings Market, By Substrate, 2019-2033 (USD Million)
12.1. The Global Glass Flake Coatings Market Size and Market Share By Substrate (2019-2026)12.2. The Global Glass Flake Coatings Market Size and Market Share By Substrate (2027-2033)
13. The Global Glass Flake Coatings Market, By End Use Industry, 2019-2033 (USD Million)
13.1. The Global Glass Flake Coatings Market Size and Market Share By End Use Industry (2019-2026)13.2. The Global Glass Flake Coatings Market Size and Market Share By End Use Industry (2027-2033)
14. The Global Glass Flake Coatings Market, By Region, 2020-2033 (USD Million)
14.1. The Global Glass Flake Coatings Market Size and Market Share By Region (2020-2026)14.2. The Global Glass Flake Coatings Market Size and Market Share By Region (2027-2033)14.3. Asia-Pacific
14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada14.6.2. Mexico14.6.3. United States
14.7. Latin America
14.7.1. Argentina14.7.2. Brazil14.7.3. Rest of Latin America
15. Company Profile
15.1. Akzo Nobel
15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments
15.2. PPG Industries
15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments
15.3. Jotun
15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments
15.4. Hempel
15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments
15.5. Chugoku Marine
15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments
15.6. The Sherwin Williams
15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments
15.7. Nippon Paint
15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments
15.8. Kansai Paint
15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments
15.9. RPM International
15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments
15.10. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Glass Flake Coatings Market is projected to reach USD 2.17 Billion by 2033, growing at a CAGR of 3.21% during the forecast period.
Glass Flake Coatings Market grew in Market size from 2022. The Market is expected to reach USD 2.17 Billion by 2033, at a CAGR of 3.21% during the forecast period.
Glass Flake Coatings Market CAGR of 3.21% during the forecast period.
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Glass Flake Coatings Market size is USD 2.17 Billion from 2024 to 2033.
Glass Flake Coatings Market Segment is covered By Resin, By Substrate, By End Use Industry.
The North America is anticipated to have the highest Market share in the Glass Flake Coatings Market.
The key players in the Market include Companies Covered Akzo Nobel, PPG Industries, Jotun, Hempel, Chugoku Marine, The Sherwin Williams, KLL Corporation, Nippon Paint, Kansai Paint, RPM International.
Glass flake coatings are a form of protective coating that uses finely distributed glass flakes in a resin matrix.
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