North America 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 North America Glass Flake Coatings Market would witness market growth of 3.9% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1050.63 hundred Tonnes, showcasing a growth of 3.2% (2019-2022).
This resin, derived from the reaction of epoxy resin with acrylic or methacrylic acid, offers a versatile solution for various coating applications, particularly in environments prone to harsh chemicals, corrosion, and abrasion. When combined with glass flakes, which serve as reinforcement, the resulting composite exhibits superior mechanical properties, including enhanced tensile strength and impact resistance. Therefore, the US market consumes 366.66 hundred tonnes of glass flake coatings in production of vinyl ester by 2030.
The US market dominated the North America Glass Flake Coatings Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $349.4 Million by 2030. The Canada market is experiencing a CAGR of 6.2% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.3% during (2023 - 2030).
Glass flake coatings are used in chemical processing plants to protect storage tanks, reactors, and vessels from corrosive chemicals. The coatings’ chemical resistance ensures the longevity and safety of equipment in environments where exposure to corrosive substances is common. Glass flake coatings are applied to the underbodies of vehicles to protect against corrosion caused by road salts, water, and environmental factors. These coatings contribute to the overall durability and longevity of automotive components.
Additionally, glass flake coatings protect steel and concrete structures like bridges and buildings from corrosion and environmental degradation. The coatings enhance the structural integrity of infrastructure, reducing maintenance needs over time. In water treatment plants, glass flake coatings are applied to pipelines and equipment to resist corrosion caused by water and chemical exposure, ensuring the longevity of critical infrastructure. Glass flake coatings find application in the mining industry to protect equipment exposed to abrasive materials.
In November 2023, Canadian manufacturing sales increased by 1.2% to $71.7 billion, as reported by Statistics Canada. The automotive manufacturing sector, a significant contributor to the Canadian economy, relies on coatings that provide corrosion protection for vehicles and manufacturing equipment. Hence, the factors mentioned above will drive the regional market growth.
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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Glass Flake Coatings Market, by Material
- 1.4.2 North America Glass Flake Coatings Market, by End Use
- 1.4.3 North America 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. North America Glass Flake Coatings Market by Material
- 4.1 North America Epoxy Market by Country
- 4.2 North America Vinyl Ester Market by Country
- 4.3 North America Polyester Market by Country
- Chapter 5. North America Glass Flake Coatings Market by End-use
- 5.1 North America Marine Market by Country
- 5.2 North America Oil & Gas Market by Country
- 5.3 North America Chemical Market by Country
- 5.4 North America Industrial Market by Country
- 5.5 North America Construction Market by Country
- 5.6 North America Others Market by Country
- Chapter 6. North America Glass Flake Coatings Market by Country
- 6.1 US Glass Flake Coatings Market
- 6.1.1 US Glass Flake Coatings Market by Material
- 6.1.2 US Glass Flake Coatings Market by End-use
- 6.2 Canada Glass Flake Coatings Market
- 6.2.1 Canada Glass Flake Coatings Market by Material
- 6.2.2 Canada Glass Flake Coatings Market by End-use
- 6.3 Mexico Glass Flake Coatings Market
- 6.3.1 Mexico Glass Flake Coatings Market by Material
- 6.3.2 Mexico Glass Flake Coatings Market by End-use
- 6.4 Rest of North America Glass Flake Coatings Market
- 6.4.1 Rest of North America Glass Flake Coatings Market by Material
- 6.4.2 Rest of North America 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
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook