Global Glass Flake Coatings Market, By Resin (Epoxy, Vinyl Ester, Polyester), Substrate (Steel, Concrete), End-User Industry (Oil and Gas, Marine, Chemical and Petrochemical), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Glass Flake Coatings Market
The glass flake coatings market is expected to witness market growth at a rate of 16.10% in the forecast period of 2022 to 2029. Data Bridge Market Research report on glass flake coatings market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for the various applications is escalating the growth of glass flake coatings market.
Glass flake coating include resin matrix that is covered with micron thick glass along with completely graded flakes. This coating is capable of joining in multiple layers forming a barrier to permeation. This type of coating is made up of renewable material such as plasticizers, resins and nylon rubber that require less energy at the time of manufacturing.
The increase in demand for advanced and highly-efficient coatings across the globe acts as one of the major factors driving the growth of glass flake coatings market. The rise in marine industry owning to the increase in the global trade on account of trans-free trade agreements accelerate the market growth. The increase in need for improving performance and lifespan of equipment and devices, and rise in the offshore oil and gas industry because of the increase in the demand for energy further influence the market. Additionally, general awareness among consumers, research and development activities, rapid urbanization and industrialization positively affect the glass flake coatings market. Furthermore, new pipeline construction projects extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, fluctuation in glass flake coatings price is expected to obstruct the market growth. Less penetration of glass flake coatings in the industrial sectors is projected to challenge the glass flake coatings market in the forecast period of 2022-2029.
This glass flake coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on glass flake coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Glass Flake Coatings Market Scope and Market Size
The glass flake coatings market is segmented on the basis of resin, substrate and end-user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material type, the glass flake coatings market is segmented into epoxy, vinyl ester, and polyester.
- On the basis of substrate, the glass flake coatings market is segmented into steel, and concrete.
- On the basis of end-user, the glass flake coatings market is segmented into oil and gas, marine, chemical and petrochemical.
Glass Flake Coatings Market Country Level Analysis
The glass flake coatings market is analyzed and market size, volume information is provided by country, resin, substrate and end-user industry as referenced above.
The countries covered in the global glass flake coatings market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the glass flake coatings market due to the rise in marine, chemical, and construction industry within the region. Middle East and Africa (MEA) is expected to be the fastest growing market during the forecast period of 2022 to 2029 because of the high demand from end use industries in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Conformal Coatings Market Share Analysis
The glass flake coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to glass flake coatings market.
Some of the major players operating in the glass flake coatings market report are MICHELIN, The Goodyear Tire & Rubber Company, Continental AG, Nokian Tyres plc., Apollo Vredestein, Bridgestone India Private Ltd, Hankook Tire., Pirelli & C. S.p.A., CST., Sailun, LINGLONG TIRE, Kenda Tires., CRAIN COMMUNICATIONS, INC., Cooper Tire & Rubber Company, Yokohama Tire Corporation, Nexen, MRF, Petlas, Balkrishna Industries Limited (BKT), and TOYO TIRE U.S.A. CORP., among others.