Product Code: GVR-4-68040-142-4
Glass Flake Coatings Market Growth & Trends:
The global glass flake coatings market size is expected to reach USD 2.44 billion by 2030, according to a new study by Grand View Research, Inc.. The market is projected to grow at a CAGR of 4.45% from 2023 to 2030. Rapid industrialization in various industries is expected to fuel the demand for glass flake coatings. Glass flake coatings are widely used in the maritime, oil and gas, and chemical processing industries to protect their equipment including pipes, storage tanks, and structures against chemical exposure, corrosion, and wear.
Glass flake coatings are growing in demand as infrastructure construction expands around the globe. The construction industry develops new infrastructure projects such as roads, bridges, airports, and structures. The increase in projects is expected to promote market growth in the future years. Glass flake coatings are used to prevent corrosion and extend the lifespan of infrastructure assets.
Moreover, glass flake coatings are also commonly used in water and wastewater treatment plants. These coatings protect machinery from the corrosive effects of chemicals and wastewater, such as tanks, pipes, pumps, and concrete structures. The growth of water and wastewater treatment facilities to meet the increased demand for clean water is expected to propel the market. In addition, glass flake coatings are utilized in architectural projects such as office buildings, residential buildings, and public infrastructure.
The increase in demand for innovative and highly efficient coatings globally is expected to drive the demand for glass flake coatings, thus propelling the market growth. In addition, the increased requirement for enhancing the performance and longevity of equipment and devices, along with the expansion in the offshore oil and gas industry is expected to contribute to the growth of the market. However, the fluctuation in costs of raw materials, manufacturing methods, and specific application procedures is expected to limit the market growth.
Glass Flake Coatings Market Report Highlights:
- Based on region, Asia Pacific dominated the overall market in terms of revenue of 38% in 2023. The rise in several end-use industries including chemical, marine, and construction is likely to create demand for glass flake coatings, further boosting the market growth.
- Based on material, the epoxy segment dominated the market in 2022 with the largest revenue share of over 44%. The market for epoxy-based glass flake coatings is expected to grow owing to the rise in offshore, marine, and chemical industries. Epoxy-based coatings with glass flake additives offer superior corrosion resistance attributes, making them essential in industries
- In terms of end-use, the marine industry segment dominated the market with over 31.0% in terms of revenue in 2022. The rise in the global shipping industry owing to the growth in trade among countries is expected to boost the marine industry, thus propelling the demand for glass flake coatings in the industry
- In September 2022, Jotun introduced MegaGloss Metallic, an ultimate high gloss metallic topcoat system. This launch will help the company in enhancing its position as a preferred coatings partner in the Superyacht segment. Jotun introduced this system to round up their MegaGloss line of products, which also includes MegaGloss HG and MegaGloss AC
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.4. Information Analysis
- 1.5. Market Formulation & Data Visualization
- 1.6. Data validation & publishing
- 1.6.1 Research scope and assumptions
- 1.7. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.5. Business Environment Analysis: Glass Flake Coatings Market
- 3.5.1. Industry Analysis - Porter's Five Force Analysis
- 3.5.1.1. Bargaining Power of Suppliers
- 3.5.1.2. Bargaining Power of Buyers
- 3.5.1.3. Competitive Rivalry
- 3.5.1.4. Threat of Substitutes
- 3.5.1.5. Threat of New Entrants
- 3.5.2. PESTEL Analysis
- 3.5.2.1. Political Analysis
- 3.5.2.2. Economic Analysis
- 3.5.2.3. Social Analysis
- 3.5.2.4. Capacity Analysis
- 3.5.2.5. Environment Analysis
- 3.5.2.6. Legal Analysis
- 3.6. Impact of Covid-19 on Glass Flake Coatings Market
Chapter 4. Glass Flake Coatings Market: Material Estimates & Trend Analysis
- 4.1. Material Movement & Market Share Analysis, 2022 & 2030
- 4.1.1. Epoxy
- 4.1.1.1. Epoxy Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.1.2. Vinyl Ester
- 4.1.2.1. Vinyl Ester Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.1.3. Polyester
- 4.1.3.1. Polyester Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Glass Flake Coatings Market: End-use Estimates & Trend Analysis
- 5.1. End-use Movement & Market Share Analysis, 2022 & 2030
- 5.1.1. Oil & Gas
- 5.1.1.1. Glass Flake Coatings Market Estimates and Forecasts, in Oil & Gas, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.2. Chemical
- 5.1.2.1. Glass Flake Coatings Market Estimates and Forecasts, Chemical, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.3. Industrial
- 5.1.3.1. Glass Flake Coatings Market Estimates and Forecasts, in Industrial, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.4. Construction
- 5.1.4.1. Glass Flake Coatings Market Estimates and Forecasts, in Construction, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.5. Marine
- 5.1.5.1. Glass Flake Coatings Market Estimates and Forecasts, in Marine, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.6. Others
- 5.1.6.1. Glass Flake Coatings Market Estimates and Forecasts, in Others, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Glass Flake Coatings Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement & Market Share Analysis, 2022 & 2030
- 6.2. North America
- 6.2.1. North America Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.1.1. U.S. Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.1.2. Canada Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.1.3. Mexico Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3. Europe
- 6.3.1. Europe Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.1.1. Germany Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.1.2. UK Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.1.3. France Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.1.4. Italy Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.1.5. Spain Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.1.6. The Netherlands Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.1.1. China Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.1.2. India Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.1.3. Japan India Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.1.4. South Korea Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.1.5. Australia Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.1.6. Malaysia Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.1.7. Singapore Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.1.8. Thailand Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.1.9. Vietnam Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5. Central & South America
- 6.5.1. Central & South America Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.2. Brazil Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.3. Argentina Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Middle East & Africa Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.2. Saudi Arabia Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.3. UAE Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.4. South Africa Glass Flake Coatings Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Company Categorization
- 7.2. Company Market Positioning
- 7.3. Company Heat Map Analysis
- 7.4. Strategy Mapping
- 7.5. Company Listing (Company Overview, Product Benchmarking, Financial Performance)
- 7.5.1. Akzo Nobel N.V.
- 7.5.2. Hempel A/S
- 7.5.3. PPG Industries, Inc.
- 7.5.4. KCC Corporation
- 7.5.5. Kansai Paint Co., Ltd.
- 7.5.6. Winn & Coales (Denso) Ltd
- 7.5.7. Berger Paints India Limited
- 7.5.8. The Sherwin-Williams Company
- 7.5.9. Jotun A/S
- 7.5.10. Deccan Mechanical & Chemical Industries Pvt. Ltd
- 7.5.11. Taiyuan Heavy Industry Co.