According to a market report by Lucintel, the future of the glass flake coating market looks promising with opportunities in the marine, oil and gas, chemical, industrial, and construction industries. The global glass flake coating market is expected to reach an estimated $2.0 billion by 2028 with a CAGR of 4.6% from 2023 to 2028. The major drivers for this market are increasing demand for high-efficient coatings to protect pipelines, tanks, onshore and offshore infrastructure and growing demand for glass flake coatings to extend life span of product as well as improve performance.
In this market, polyester, vinyl ester, and epoxy are the major resin. Lucintel forecasts that epoxy will remain the largest resin segment over the forecast period because epoxy has a significant use in decorative paints because of its qualities, such as chemical resistance, corrosion resistance, anti-absorption, durability, and tensile strength.
Within this market, oil and gas is expected to remain the largest application segment due to the significant application of glass flake coatings in the oil and gas sector because it helps in minimizing the impact of corrosion in steel pipes used in crude oil refining.
APAC will remain the largest region due to the rapid expansion of shipbuilding and chemical industries and availability of low-cost labor and manufacturing facilities in China and India.
AkzoNobel, Nippon Sheet Glass, PPG Industries, Jotun, and The Sherwin- Williams Company are the major suppliers in the global glass flake coating market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global glass flake coating market by substrate, resin, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Glass Flake Coating Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global glass flake coating market by substrate, resin, end use industry, and region, as follows:
Glass Flake Coating Market by Substrate [Value ($B) Shipment Analysis from 2017 to 2028]:
Glass Flake Coating Market by Resin [Value ($B) Shipment Analysis from 2017 to 2028]:
Polyester
Vinyl Ester
Epoxy
Glass Flake Coating Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
Marine
Oil and Gas
Chemical
Industrial
Construction
Others
Glass Flake Coating Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
About Lucintel
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global glass flake coating market by substrate (steel and concrete), resin (polyester, vinyl ester, and epoxy), end use industry (marine, oil and gas, chemical, industrial, construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?