Global 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 Regional Outlook and Forecast, 2023 - 2030
The Global Glass Flake Coatings Market size is expected to reach $2.1 billion by 2030, rising at a market growth of 4.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 5110.42 hundred Tonnes, experiencing a growth of 3.5% (2019-2022).
Using glass flake coatings in the chemical industry leads to long-term cost savings. The robust corrosion resistance and durability of these coatings reduce the need for frequent maintenance, repairs, and replacements, resulting in economic efficiency over the lifecycle of assets. Consequently, the chemical industry segment would acquire approximately 17.9% revenue share by 2030 of market. Also, Mexico would utilize 18.96 hundred tonnes of glass flake coatings in construction by 2030. Ongoing research and development efforts have led to innovations in glass flake coating formulations tailored specifically for the chemical industry.
Glass flake coatings provide a robust barrier against corrosion, helping extend the service life of infrastructure such as bridges, highways, pipelines, and industrial facilities. The coatings create a protective layer that shields surfaces from the corrosive effects of moisture, chemicals, and other environmental factors, reducing the need for premature replacements. Therefore, the market is expanding significantly due to corrosion protection in infrastructure development.
Additionally, Manufacturers operating on a global scale seek consistent quality and performance from their coating solutions. Glass flake coatings offer uniform protection against corrosion, providing manufacturers with the assurance that their assets are consistently safeguarded regardless of the geographical location of their facilities. Glass flake coatings often offer ease of application, making them suitable for various manufacturing processes and application methods. Thus, because of the increasing globalization of manufacturing, the market is anticipated to increase significantly.
However, Industries, especially those with stringent budget constraints, may hesitate to invest in glass flake coatings due to their higher upfront costs. Budget concerns frequently play an important part in decision-making. If the initial cost is perceived as prohibitive, it can lead to the selection of alternative, more budget-friendly coatings. Industries may exhibit heightened cost sensitivity during financial uncertainty or economic downturns. Thus, high initial costs can slow down the growth of the market.
By Material Analysis
By material, the market is categorized into epoxy, vinyl ester, and polyester. The vinyl ester segment covered a 30.7% revenue share in the market in 2022. Vinyl-based formulations provide ease of application. Depending on the specific chemistry, these coatings can be applied using multiple methods, such as spraying or brushing, making them adaptable to different application scenarios. Vinyl-based coatings can often be easily customized by incorporating various additives, such as plasticizers or stabilizers. This flexibility allows tailoring the coatings to specific performance requirements or environmental conditions.
By End use Analysis
Based on end-use, the market is classified into oil & gas, chemical, industrial, construction, marine, and others. In 2022, the marine segment witnessed the 32.8% revenue share in the market. In terms of volume, industrial segment would use 677.36 hundred tonnes in 2022. Glass flake coatings offer excellent weathering resistance, making them suitable for application in maritime environments. Whether on ships, docks, or offshore installations, these coatings withstand the challenges posed by UV radiation, temperature fluctuations, and atmospheric conditions. Floating structures, including floating docks, pontoons, and buoys, benefit from glass flake coatings. These coatings protect the surfaces of floating structures from corrosion, ensuring their stability and longevity in marine environments.
By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region acquired a 23.8% revenue share in the market. North America has extensive infrastructure exposed to diverse weather conditions, including bridges, pipelines, and industrial structures. A significant oil and gas sector in North America, particularly in regions like the Gulf of Mexico and Western Canada, can drive the demand for glass flake coatings. North America is home to a substantial number of chemical processing facilities. North America has extensive coastlines, and glass flake coatings find applications in the maritime industry to protect ships, offshore platforms, and other marine structures.
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
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Glass Flake Coatings Market, by Material
- 1.4.2 Global Glass Flake Coatings Market, by End Use
- 1.4.3 Global Glass Flake Coatings Market, by Geography
- 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. Global Glass Flake Coatings Market by Material
- 4.1 Global Epoxy Market by Region
- 4.2 Global Vinyl Ester Market by Region
- 4.3 Global Polyester Market by Region
- Chapter 5. Global Glass Flake Coatings Market by End-use
- 5.1 Global Marine Market by Region
- 5.2 Global Oil & Gas Market by Region
- 5.3 Global Chemical Market by Region
- 5.4 Global Industrial Market by Region
- 5.5 Global Construction Market by Region
- 5.6 Global Others Market by Region
- Chapter 6. Global Glass Flake Coatings Market by Region
- 6.1 North America Glass Flake Coatings Market
- 6.1.1 North America Glass Flake Coatings Market by Material
- 6.1.1.1 North America Epoxy Market by Country
- 6.1.1.2 North America Vinyl Ester Market by Country
- 6.1.1.3 North America Polyester Market by Country
- 6.1.2 North America Glass Flake Coatings Market by End-use
- 6.1.2.1 North America Marine Market by Country
- 6.1.2.2 North America Oil & Gas Market by Country
- 6.1.2.3 North America Chemical Market by Country
- 6.1.2.4 North America Industrial Market by Country
- 6.1.2.5 North America Construction Market by Country
- 6.1.2.6 North America Others Market by Country
- 6.1.3 North America Glass Flake Coatings Market by Country
- 6.1.3.1 US Glass Flake Coatings Market
- 6.1.3.1.1 US Glass Flake Coatings Market by Material
- 6.1.3.1.2 US Glass Flake Coatings Market by End-use
- 6.1.3.2 Canada Glass Flake Coatings Market
- 6.1.3.2.1 Canada Glass Flake Coatings Market by Material
- 6.1.3.2.2 Canada Glass Flake Coatings Market by End-use
- 6.1.3.3 Mexico Glass Flake Coatings Market
- 6.1.3.3.1 Mexico Glass Flake Coatings Market by Material
- 6.1.3.3.2 Mexico Glass Flake Coatings Market by End-use
- 6.1.3.4 Rest of North America Glass Flake Coatings Market
- 6.1.3.4.1 Rest of North America Glass Flake Coatings Market by Material
- 6.1.3.4.2 Rest of North America Glass Flake Coatings Market by End-use
- 6.2 Europe Glass Flake Coatings Market
- 6.2.1 Europe Glass Flake Coatings Market by Material
- 6.2.1.1 Europe Epoxy Market by Country
- 6.2.1.2 Europe Vinyl Ester Market by Country
- 6.2.1.3 Europe Polyester Market by Country
- 6.2.2 Europe Glass Flake Coatings Market by End-use
- 6.2.2.1 Europe Marine Market by Country
- 6.2.2.2 Europe Oil & Gas Market by Country
- 6.2.2.3 Europe Chemical Market by Country
- 6.2.2.4 Europe Industrial Market by Country
- 6.2.2.5 Europe Construction Market by Country
- 6.2.2.6 Europe Others Market by Country
- 6.2.3 Europe Glass Flake Coatings Market by Country
- 6.2.3.1 Germany Glass Flake Coatings Market
- 6.2.3.1.1 Germany Glass Flake Coatings Market by Material
- 6.2.3.1.2 Germany Glass Flake Coatings Market by End-use
- 6.2.3.2 UK Glass Flake Coatings Market
- 6.2.3.2.1 UK Glass Flake Coatings Market by Material
- 6.2.3.2.2 UK Glass Flake Coatings Market by End-use
- 6.2.3.3 France Glass Flake Coatings Market
- 6.2.3.3.1 France Glass Flake Coatings Market by Material
- 6.2.3.3.2 France Glass Flake Coatings Market by End-use
- 6.2.3.4 Russia Glass Flake Coatings Market
- 6.2.3.4.1 Russia Glass Flake Coatings Market by Material
- 6.2.3.4.2 Russia Glass Flake Coatings Market by End-use
- 6.2.3.5 Spain Glass Flake Coatings Market
- 6.2.3.5.1 Spain Glass Flake Coatings Market by Material
- 6.2.3.5.2 Spain Glass Flake Coatings Market by End-use
- 6.2.3.6 Italy Glass Flake Coatings Market
- 6.2.3.6.1 Italy Glass Flake Coatings Market by Material
- 6.2.3.6.2 Italy Glass Flake Coatings Market by End-use
- 6.2.3.7 Rest of Europe Glass Flake Coatings Market
- 6.2.3.7.1 Rest of Europe Glass Flake Coatings Market by Material
- 6.2.3.7.2 Rest of Europe Glass Flake Coatings Market by End-use
- 6.3 Asia Pacific Glass Flake Coatings Market
- 6.3.1 Asia Pacific Glass Flake Coatings Market by Material
- 6.3.1.1 Asia Pacific Epoxy Market by Country
- 6.3.1.2 Asia Pacific Vinyl Ester Market by Country
- 6.3.1.3 Asia Pacific Polyester Market by Country
- 6.3.2 Asia Pacific Glass Flake Coatings Market by End-use
- 6.3.2.1 Asia Pacific Marine Market by Country
- 6.3.2.2 Asia Pacific Oil & Gas Market by Country
- 6.3.2.3 Asia Pacific Chemical Market by Country
- 6.3.2.4 Asia Pacific Industrial Market by Country
- 6.3.2.5 Asia Pacific Construction Market by Country
- 6.3.2.6 Asia Pacific Others Market by Country
- 6.3.3 Asia Pacific Glass Flake Coatings Market by Country
- 6.3.3.1 China Glass Flake Coatings Market
- 6.3.3.1.1 China Glass Flake Coatings Market by Material
- 6.3.3.1.2 China Glass Flake Coatings Market by End-use
- 6.3.3.2 Japan Glass Flake Coatings Market
- 6.3.3.2.1 Japan Glass Flake Coatings Market by Material
- 6.3.3.2.2 Japan Glass Flake Coatings Market by End-use
- 6.3.3.3 India Glass Flake Coatings Market
- 6.3.3.3.1 India Glass Flake Coatings Market by Material
- 6.3.3.3.2 India Glass Flake Coatings Market by End-use
- 6.3.3.4 South Korea Glass Flake Coatings Market
- 6.3.3.4.1 South Korea Glass Flake Coatings Market by Material
- 6.3.3.4.2 South Korea Glass Flake Coatings Market by End-use
- 6.3.3.5 Australia Glass Flake Coatings Market
- 6.3.3.5.1 Australia Glass Flake Coatings Market by Material
- 6.3.3.5.2 Australia Glass Flake Coatings Market by End-use
- 6.3.3.6 Malaysia Glass Flake Coatings Market
- 6.3.3.6.1 Malaysia Glass Flake Coatings Market by Material
- 6.3.3.6.2 Malaysia Glass Flake Coatings Market by End-use
- 6.3.3.7 Rest of Asia Pacific Glass Flake Coatings Market
- 6.3.3.7.1 Rest of Asia Pacific Glass Flake Coatings Market by Material
- 6.3.3.7.2 Rest of Asia Pacific Glass Flake Coatings Market by End-use
- 6.4 LAMEA Glass Flake Coatings Market
- 6.4.1 LAMEA Glass Flake Coatings Market by Material
- 6.4.1.1 LAMEA Epoxy Market by Country
- 6.4.1.2 LAMEA Vinyl Ester Market by Country
- 6.4.1.3 LAMEA Polyester Market by Country
- 6.4.2 LAMEA Glass Flake Coatings Market by End-use
- 6.4.2.1 LAMEA Marine Market by Country
- 6.4.2.2 LAMEA Oil & Gas Market by Country
- 6.4.2.3 LAMEA Chemical Market by Country
- 6.4.2.4 LAMEA Industrial Market by Country
- 6.4.2.5 LAMEA Construction Market by Country
- 6.4.2.6 LAMEA Others Market by Country
- 6.4.3 LAMEA Glass Flake Coatings Market by Country
- 6.4.3.1 Brazil Glass Flake Coatings Market
- 6.4.3.1.1 Brazil Glass Flake Coatings Market by Material
- 6.4.3.1.2 Brazil Glass Flake Coatings Market by End-use
- 6.4.3.2 Argentina Glass Flake Coatings Market
- 6.4.3.2.1 Argentina Glass Flake Coatings Market by Material
- 6.4.3.2.2 Argentina Glass Flake Coatings Market by End-use
- 6.4.3.3 UAE Glass Flake Coatings Market
- 6.4.3.3.1 UAE Glass Flake Coatings Market by Material
- 6.4.3.3.2 UAE Glass Flake Coatings Market by End-use
- 6.4.3.4 Saudi Arabia Glass Flake Coatings Market
- 6.4.3.4.1 Saudi Arabia Glass Flake Coatings Market by Material
- 6.4.3.4.2 Saudi Arabia Glass Flake Coatings Market by End-use
- 6.4.3.5 South Africa Glass Flake Coatings Market
- 6.4.3.5.1 South Africa Glass Flake Coatings Market by Material
- 6.4.3.5.2 South Africa Glass Flake Coatings Market by End-use
- 6.4.3.6 Nigeria Glass Flake Coatings Market
- 6.4.3.6.1 Nigeria Glass Flake Coatings Market by Material
- 6.4.3.6.2 Nigeria Glass Flake Coatings Market by End-use
- 6.4.3.7 Rest of LAMEA Glass Flake Coatings Market
- 6.4.3.7.1 Rest of LAMEA Glass Flake Coatings Market by Material
- 6.4.3.7.2 Rest of LAMEA 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
- Chapter 8. Winning Imperatives of Glass Flake Coatings Market
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