Global Glass Flake Coatings Market, 2013-2023
Glass flake coating is glass flakes reinforced with resin. These glass flakes are transparent that makes them have little interference with the remainder of the coating material. The glass type that is used in these coating mixes depends on the application, as each glass type has its unique set of benefits.On the basis of resin, the market for glass flake coating is divided into epoxy, vinyl ester, and polyester. Epoxy resin is expected to hold the maximum market share in the future, as epoxy resins are widely used in the marine industry due to better durability and superior corrosion resistance that makes it versatile.
The global glass flake coatings market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global glass flake coatings market is growing at a fast pace and increasing its geographical footprint rapidly. The global glass flake coatings market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.
Due to the need of improvised performance and durability of the equipments and devices are endorsing the demand for the glass flake coatings in oil& gas, marine, chemical and construction industries. Rising demand for energy has driven the offshore oil & gas industry. Moreover, growing marine industry due to rising global trade on account of trans-free trade agreements is expected to boost the demand for glass flake coating. Fluctuation in glass flake coating price is the prime retardation in growth of this market.
Glass flake coatings enjoys wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and are hence responsible for the growth of glass flake coatings market globally. Some key players of the global glass flake coatings market are AkzoNobel, BASF, Berger Paints, Chemiprotect Engineers, Chugoku Marine, Clean Coats, Corrosioneering Group, Demech Chemicals, Dulux Group, Grauer& Weil, Hempel, Jotun, KCC Corporation, Kansai Paints, Nippon Paint, PPG Industries, RPM International, The Sherwin-Williams, Specialized Coating Systems, Winn &Coales, and Yung Chi Paint & Varnish.
The research procedure begins with the bifurcation of various market segments of global glass flake coatings market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across glass flake coatings industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:
By company type:
Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)
North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)
Top level (40%), Operation level (20%), Mid-level (40%)
Contents of the report:
Insights on the global glass flake coatings industry dynamics
Estimation of the present global glass flake coatings market size in terms of value and volume
Global glass flake coatings market breakup based on type and application
Substantiated global glass flake coatings market forecast for the next five years.
In depth analysis of the leading companies working across different nodes of global glass flake coatings industry value chain