Europe Glass Flake Coatings Market Size, Share & Trends Analysis Report By Material (Epoxy, Vinyl Ester, and Polyester), By End Use (Marine, Oil & Gas, Chemical, Industrial, Construction, and Others), By Country and Growth Forecast, 2023 - 2030
The Europe Glass Flake Coatings Market would witness market growth of 3.7% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 847.20 hundred Tonnes, showcasing a growth of 3.1% (2019-2022).
Epoxy-based coatings fortified with glass flakes offer a formidable combination of strength, corrosion resistance, and aesthetic appeal, making them ideal for a wide range of applications across various industries. The incorporation of glass flakes enhances the mechanical strength of epoxy coatings, providing additional reinforcement against impacts, abrasion, and chemical exposure. Therefore, the Germany market make use of 111.58 hundred tonnes of glass flake coatings by epoxy in 2022.
The Germany market dominated the Europe Glass Flake Coatings Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $126.9 Million by 2030. The UK market is exhibiting a CAGR of 2.7% during (2023 - 2030). Additionally, The France market would experience a CAGR of 4.5% during (2023 - 2030).
One of the primary drivers of the adoption of glass flake coatings is their unparalleled corrosion resistance. Industries such as marine, oil and gas, and chemical processing, where corrosion significantly threatens infrastructure and equipment, have increasingly turned to glass flake coatings. The ability of these coatings to form a resilient barrier against corrosive elements enhances the durability of assets, leading to longer lifespans and reduced maintenance costs.
Additionally, the versatility of glass flake coatings is a key factor contributing to their adoption across various industries. From maritime applications to automotive, infrastructure, and beyond, these coatings address the unique challenges of different environments. The adaptability of glass flake coatings to various substrates and conditions enhances their appeal and widens their scope of application, fostering increased adoption.
In 2022, the U.K. Government planned to invest over 160 million dollars to improve infrastructure and aid local communities. This expenditure mainly focuses on developing and repairing four major road schemes: the road linking St Austell to the A30, Tyne Bridge, A34, and A35 Redbridge Causeway. Thus, all these factors will uplift the regional market’s expansion in the coming years.
Based on Material, the market is segmented into Epoxy, Vinyl Ester, and Polyester. Based on End Use, the market is segmented into Marine, Oil & Gas, Chemical, Industrial, Construction, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Akzo Nobel N.V.
- Hempel A/S
- PPG Industries, Inc.
- KCC Corporation (Momentive Performance Materials Inc.,)
- Kansai Paint Co., Ltd.
- Berger Paints India Limited
- The Sherwin-Williams Company
- Jotun A/S
- Deccan Mechanical & Chemical Industries Pvt. Ltd
- Chugoku Marine Paints, Ltd.
By Material (Volume, Hundred Tonnes, USD Billion, 2019-2030)
- Epoxy
- Vinyl Ester
- Polyester
- Marine
- Oil & Gas
- Chemical
- Industrial
- Construction
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Glass Flake Coatings Market, by Material
- 1.4.2 Europe Glass Flake Coatings Market, by End Use
- 1.4.3 Europe Glass Flake Coatings Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. Europe Glass Flake Coatings Market by Material
- 4.1 Europe Epoxy Market by Country
- 4.2 Europe Vinyl Ester Market by Country
- 4.3 Europe Polyester Market by Country
- Chapter 5. Europe Glass Flake Coatings Market by End-use
- 5.1 Europe Marine Market by Country
- 5.2 Europe Oil & Gas Market by Country
- 5.3 Europe Chemical Market by Country
- 5.4 Europe Industrial Market by Country
- 5.5 Europe Construction Market by Country
- 5.6 Europe Others Market by Country
- Chapter 6. Europe Glass Flake Coatings Market by Country
- 6.1 Germany Glass Flake Coatings Market
- 6.1.1 Germany Glass Flake Coatings Market by Material
- 6.1.2 Germany Glass Flake Coatings Market by End-use
- 6.2 UK Glass Flake Coatings Market
- 6.2.1 UK Glass Flake Coatings Market by Material
- 6.2.2 UK Glass Flake Coatings Market by End-use
- 6.3 France Glass Flake Coatings Market
- 6.3.1 France Glass Flake Coatings Market by Material
- 6.3.2 France Glass Flake Coatings Market by End-use
- 6.4 Russia Glass Flake Coatings Market
- 6.4.1 Russia Glass Flake Coatings Market by Material
- 6.4.2 Russia Glass Flake Coatings Market by End-use
- 6.5 Spain Glass Flake Coatings Market
- 6.5.1 Spain Glass Flake Coatings Market by Material
- 6.5.2 Spain Glass Flake Coatings Market by End-use
- 6.6 Italy Glass Flake Coatings Market
- 6.6.1 Italy Glass Flake Coatings Market by Material
- 6.6.2 Italy Glass Flake Coatings Market by End-use
- 6.7 Rest of Europe Glass Flake Coatings Market
- 6.7.1 Rest of Europe Glass Flake Coatings Market by Material
- 6.7.2 Rest of Europe Glass Flake Coatings Market by End-use
- Chapter 7. Company Profiles
- 7.1 Hempel A/S
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 SWOT Analysis
- 7.2 KCC CORPORATION (Momentive Performance materials Inc.,)
- 7.2.1 Company Overview
- 7.2.2 SWOT Analysis
- 7.3 Kansai Paint Co., Ltd.
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Regional Analysis
- 7.3.4 SWOT Analysis
- 7.4 Berger Paints India Limited
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Regional Analysis
- 7.4.4 SWOT Analysis
- 7.5 The Sherwin-Williams Company
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental
- 7.5.4 Research & Development Expenses
- 7.5.5 SWOT Analysis
- 7.6 Akzo Nobel N.V.
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Recent strategies and developments:
- 7.6.4.1 Product Launches and Product Expansions:
- 7.6.5 SWOT Analysis
- 7.7 PPG Industries, Inc.
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental and Regional Analysis
- 7.7.4 Research & Development Expense
- 7.7.5 Recent strategies and developments:
- 7.7.5.1 Acquisition and Mergers:
- 7.7.6 SWOT Analysis
- 7.8 Jotun A/S
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental and Regional Analysis
- 7.8.4 Research & Development Expenses
- 7.8.5 Recent strategies and developments:
- 7.8.5.1 Product Launches and Product Expansions:
- 7.8.6 SWOT Analysis
- 7.9 Deccan Mechanical & Chemical Industries Pvt. Ltd
- 7.9.1 Company Overview
- 7.9.2 SWOT Analysis
- 7.10. Chugoku Marine Paints, Ltd.
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Regional Analysis
- 7.10.4 SWOT Analysis
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