The global glass flake coatings market size is anticipated to grow at a significant CAGR of around 5% during the forecast period 2021 to 2027. The rising demand to improve the performance and lifespan of equipment and the growing oil & gas industry across the globe are some of the major factors to drive the market growth. Furthermore, the increasing demand for high-performance and advanced coatings in various applications is further expected to fuel the market growth over the forecast period. However, the fluctuating prices of coatings is a significant factor to restrain the market growth.
Market Drivers:
Superior Barrier Protection: Glass flake coatings offer excellent barrier protection against corrosion, chemical attack, and abrasion. They create a physical barrier that enhances the durability and lifespan of coated surfaces. The increasing demand for long-lasting and high-performance coatings in industries such as oil and gas, marine, chemical processing, and infrastructure is driving the adoption of glass flake coatings.
Corrosion Resistance in Harsh Environments: Glass flake coatings are known for their exceptional resistance to corrosion, making them suitable for use in harsh environments. Industries such as offshore oil and gas, chemical plants, and wastewater treatment facilities require coatings that can withstand exposure to corrosive substances and harsh weather conditions, driving the demand for glass flake coatings.
Thermal and Chemical Resistance: Glass flake coatings exhibit excellent thermal and chemical resistance properties. They can withstand high temperatures, chemical exposure, and thermal cycling, making them suitable for applications in industries such as petrochemical, power generation, and automotive. The need for coatings that can withstand extreme conditions is driving the demand for glass flake coatings.
Impact and Abrasion Resistance: Glass flake coatings offer high impact and abrasion resistance, making them suitable for applications that require protection against mechanical wear and tear. Industries such as mining, transportation, and manufacturing, where surfaces are subject to constant abrasion and impact, are driving the demand for glass flake coatings.
Increasing Infrastructure Development: The growth of infrastructure development projects, including bridges, pipelines, tanks, and industrial facilities, is driving the demand for protective coatings. Glass flake coatings are preferred in these applications due to their excellent barrier properties and long-term durability, protecting infrastructure assets from corrosion and degradation.
Environmental Regulations and Sustainability: Glass flake coatings are considered environmentally friendly as they are free from hazardous substances and volatile organic compounds (VOCs). The increasing focus on environmental regulations and sustainable coatings is driving the demand for glass flake coatings as an eco-friendly alternative to conventional coatings.
Advancements in Coating Technology: Continuous advancements in coating technology have led to the development of improved glass flake coatings with enhanced properties and performance. Manufacturers are investing in research and development to enhance the adhesion, flexibility, and application efficiency of glass flake coatings, driving their market growth.
Growing Maintenance and Repair Activities: Maintenance and repair activities in industries such as oil and gas, marine, and infrastructure are driving the demand for protective coatings, including glass flake coatings. These coatings are used for restoring and protecting the integrity of structures, equipment, and surfaces, leading to increased demand for glass flake coatings.
Market Snapshot:
| Benchmark Year | 2022 | ||
| Market Size | lock | ||
| Market Growth (CAGR) | ~ 5% (2023-2030) | ||
| Largest Market Share | lock | ||
| Analysis Period | 2020-2030 | ||
| Market Players | Akzo Nobel N.V., PPG Industries, Inc., Jotun A/S, The Sherwin-Williams Company, and BASF SE |
Market Insights:
The global glass flake coatings market is bifurcated into the substrate, resin, end-use industry, and geography. On the basis of resin, the market is further segmented into polyester, vinyl ester, and epoxy. The epoxy segment dominated the global market in 2020 and accounted to hold the largest revenue share of around half of the market by the end of the analysis period. The increasing use of epoxy-based coatings in tank lining, tank coating, and pipe coating is one of the major factor to drive the segment growth. Furthermore, the growing oil & gas industry across the globe is further expected to fuel the segment growth over the forecast period.
On the basis of end-use industry, the market is segmented into marine, oil and gas, chemical, industrial, construction, and others. The oil and gas segment dominated the global glass flake coatings market in 2020 and is estimated to hold the largest revenue share of over one-fourth percent of the market by the end of the analysis period. The continuous expansion of the oil and gas industry to fulfill the increasing demand across the globe is a primary factor to drive the market growth. On the other hand, the marine segment is expected to grow at a significant growth rate over the forecast period.
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The glass flake coatings comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
The glass flake coatings market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.
Historical & Forecast Period
- 2018-19 – Historical Year
- 2020 – Base Year
- 2021-2027 – Forecast Period
Market Segmentation:
By Substrate:
- Steel
- Concrete
By Resin:
- Polyester
- Vinyl Ester
- Epoxy
By End-Use Industry:
- Marine
- Oil and Gas
- Chemical
- Industrial
- Construction
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Geographic Coverage
Geographically, the glass flake coatings market report comprises dedicated sections centering on the regional market revenue and trends. The glass flake coatings market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The glass flake coatings market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Glass flake coatings market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2021 – 2027.
Competitive Assessment
Some of the major market players operating in the global glass flake coatings market are Akzo Nobel N.V., PPG Industries, Inc., Jotun A/S, The Sherwin-Williams Company, and BASF SE. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.
Key Companies:
- Akzo Nobel N.V.
- PPG Industries, Inc.
- Jotun A/S
- The Sherwin-Williams Company
- BASF SE
- Hempel A/S
- Chugoku Marine Paints, Ltd.
- KCC CORPORATION
- Nippon Paint Singapore
- PPG Industries, Inc.
Key Questions Answered by Glass Flake Coatings Market Report
- Global glass flake coatings market forecasts from 2021-2027
- Regional glass flake coatings market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
- Country-level forecasts from 2021-2027 covering 15 major countries from the regions as mentioned above
- Glass flake coatings submarket forecasts from 2021-2027 covering the market by substrate, by resin, by end-use industry, and geography
- Various industry models such as SWOT analysis, Value Chain Analysis about glass flake coatings market
- Analysis of the key factors driving and restraining the growth of the global, regional, and country-level glass flake coatings markets from 2021-2027
- Competitive Landscape and market positioning of top 10 players operating in the glass flake coatings market
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions
2. Executive Summary
2.1. Global Glass Flake Coatings Market Portraiture
2.2. Global Glass Flake Coatings Market, by Substrate, 2020 (USD Mn)
2.3. Global Glass Flake Coatings Market, by Resin, 2020 (USD Mn)
2.4. Global Glass Flake Coatings Market, by End-Use Industry, 2020 (USD Mn)
2.5. Global Glass Flake Coatings Market, by Geography, 2020 (USD Mn)
3. Global Glass Flake Coatings Market Analysis
3.1. Glass Flake Coatings Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis
4. Global Glass Flake Coatings Market By Substrate, 2018 – 2027 (USD Mn)
4.1. Overview
4.2. Steel
4.3. Concrete
5. Global Glass Flake Coatings Market By Resin, 2018 – 2027 (USD Mn)
5.1. Overview
5.2. Polyester
5.3. Vinyl Ester
5.4. Epoxy
6. Global Glass Flake Coatings Market By End-Use Industry, 2018 – 2027 (USD Mn)
6.1. Overview
6.2. Marine
6.3. Oil and Gas
6.4. Chemical
6.5. Industrial
6.6. Construction
6.7. Others
7. North America Glass Flake Coatings Market Analysis and Forecast, 2018 – 2027 (USD Mn)
7.1.1. Overview
7.1.2. North America Glass Flake Coatings Market by Substrate (2018-2027 USD Mn)
7.1.3. North America Glass Flake Coatings Market by Resin (2018-2027 USD Mn)
7.1.4. North America Glass Flake Coatings Market by End-Use Industry (2018-2027 USD Mn)
7.1.5. North America Glass Flake Coatings Market by Country (2018-2027 USD Mn)
7.1.5.1. U.S.
7.1.5.1.1. U.S. Glass Flake Coatings Market by Substrate (2018-2027 USD Mn)
7.1.5.1.2. U.S. Glass Flake Coatings Market by Resin (2018-2027 USD Mn)
7.1.5.1.3. U.S. Glass Flake Coatings Market by End-Use Industry (2018-2027 USD Mn)
7.1.5.2. Canada
7.1.5.2.1. Canada Glass Flake Coatings Market by Substrate (2018-2027 USD Mn)
7.1.5.2.2. Canada Glass Flake Coatings Market by Resin (2018-2027 USD Mn)
7.1.5.2.3. Canada Glass Flake Coatings Market by End-Use Industry (2018-2027 USD Mn)
8. Europe Glass Flake Coatings Market Analysis and Forecast, 2018 – 2027 (USD Mn)
8.1.1. Overview
8.1.2. Europe Glass Flake Coatings Market by Substrate (2018-2027 USD Mn)
8.1.3. Europe Glass Flake Coatings Market by Resin (2018-2027 USD Mn)
8.1.4. Europe Glass Flake Coatings Market by End-Use Industry (2018-2027 USD Mn)
8.1.5. Europe Glass Flake Coatings Market by Country (2018-2027 USD Mn)
8.1.5.1. Germany
8.1.5.1.1. Germany Glass Flake Coatings Market by Substrate (2018-2027 USD Mn)
8.1.5.1.2. Germany Glass Flake Coatings Market by Resin (2018-2027 USD Mn)
8.1.5.1.3. Germany Glass Flake Coatings Market by End-Use Industry (2018-2027 USD Mn)
8.1.5.2. U.K.
8.1.5.2.1. U.K. Glass Flake Coatings Market by Substrate (2018-2027 USD Mn)
8.1.5.2.2. U.K. Glass Flake Coatings Market by Resin (2018-2027 USD Mn)
8.1.5.2.3. U.K. Glass Flake Coatings Market by End-Use Industry (2018-2027 USD Mn)
8.1.5.3. France
8.1.5.3.1. France Glass Flake Coatings Market by Substrate (2018-2027 USD Mn)
8.1.5.3.2. France Glass Flake Coatings Market by Resin (2018-2027 USD Mn)
8.1.5.3.3. France Glass Flake Coatings Market by End-Use Industry (2018-2027 USD Mn)
8.1.5.4. Italy
8.1.5.4.1. Italy Glass Flake Coatings Market by Substrate (2018-2027 USD Mn)
8.1.5.4.2. Italy Glass Flake Coatings Market by Resin (2018-2027 USD Mn)
8.1.5.4.3. Italy Glass Flake Coatings Market by End-Use Industry (2018-2027 USD Mn)
8.1.5.5. Rest of Europe
8.1.5.5.1. Rest of Europe Glass Flake Coatings Market by Substrate (2018-2027 USD Mn)
8.1.5.5.2. Rest of Europe Glass Flake Coatings Market by Resin (2018-2027 USD Mn)
8.1.5.5.3. Rest of Europe Glass Flake Coatings Market by End-Use Industry (2018-2027 USD Mn)
9. Asia Pacific Glass Flake Coatings Market Analysis and Forecast, 2018 – 2027 (USD Mn)
9.1.1. Overview
9.1.2. Asia Pacific Glass Flake Coatings Market by Substrate (2018-2027 USD Mn)
9.1.3. Asia Pacific Glass Flake Coatings Market by Resin (2018-2027 USD Mn)
9.1.4. Asia Pacific Glass Flake Coatings Market by End-Use Industry (2018-2027 USD Mn)
9.1.5. Asia Pacific Glass Flake Coatings Market by Country (2018-2027 USD Mn)
9.1.5.1. China
9.1.5.1.1. China Glass Flake Coatings Market by Substrate (2018-2027 USD Mn)
9.1.5.1.2. China Glass Flake Coatings Market by Resin (2018-2027 USD Mn)
9.1.5.1.3. China Glass Flake Coatings Market by End-Use Industry (2018-2027 USD Mn)
9.1.5.2. Japan
9.1.5.2.1. Japan Glass Flake Coatings Market by Substrate (2018-2027 USD Mn)
9.1.5.2.2. Japan Glass Flake Coatings Market by Resin (2018-2027 USD Mn)
9.1.5.2.3. Japan Glass Flake Coatings Market by End-Use Industry (2018-2027 USD Mn)
9.1.5.3. Rest of Asia Pacific
9.1.5.3.1. Rest of Asia Pacific Glass Flake Coatings Market by Substrate (2018-2027 USD Mn)
9.1.5.3.2. Rest of Asia Pacific Glass Flake Coatings Market by Resin (2018-2027 USD Mn)
9.1.5.3.3. Rest of Asia Pacific Glass Flake Coatings Market by End-Use Industry (2018-2027 USD Mn)
10. Latin America (LATAM) Glass Flake Coatings Market Analysis and Forecast, 2018 – 2027 (USD Mn)
10.1.1. Overview
10.1.2. Latin America Glass Flake Coatings Market by Substrate (2018-2027 USD Mn)
10.1.3. Latin America Glass Flake Coatings Market by Resin (2018-2027 USD Mn)
10.1.4. Latin America Glass Flake Coatings Market by End-Use Industry (2018-2027 USD Mn)
10.1.5. Latin America Glass Flake Coatings Market by Country (2018-2027 USD Mn)
10.1.5.1. Brazil
10.1.5.1.1. Brazil Glass Flake Coatings Market by Substrate (2018-2027 USD Mn)
10.1.5.1.2. Brazil Glass Flake Coatings Market by Resin (2018-2027 USD Mn)
10.1.5.1.3. Brazil Glass Flake Coatings Market by End-Use Industry (2018-2027 USD Mn)
10.1.5.2. Mexico
10.1.5.2.1. Mexico Glass Flake Coatings Market by Substrate (2018-2027 USD Mn)
10.1.5.2.2. Mexico Glass Flake Coatings Market by Resin (2018-2027 USD Mn)
10.1.5.2.3. Mexico Glass Flake Coatings Market by End-Use Industry (2018-2027 USD Mn)
10.1.5.3. Rest of Latin America
10.1.5.3.1. Rest of Latin America Glass Flake Coatings Market by Substrate (2018-2027 USD Mn)
10.1.5.3.2. Rest of Latin America Glass Flake Coatings Market by Resin (2018-2027 USD Mn)
10.1.5.3.3. Rest of Latin America Glass Flake Coatings Market by End-Use Industry (2018-2027 USD Mn)
11. Middle East and Africa Glass Flake Coatings Market Analysis and Forecast, 2018 – 2027 (USD Mn)
11.1.1. Overview
11.1.2. MEA Glass Flake Coatings Market by Substrate (2018-2027 USD Mn)
11.1.3. MEA Glass Flake Coatings Market by Resin (2018-2027 USD Mn)
11.1.4. MEA Glass Flake Coatings Market by End-Use Industry (2018-2027 USD Mn)
11.1.5. Middle East and Africa Glass Flake Coatings Market, by Country (2018-2027 USD Mn)
11.1.5.1. GCC
11.1.5.1.1. GCC Glass Flake Coatings Market by Substrate (2018-2027 USD Mn)
11.1.5.1.2. GCC Glass Flake Coatings Market by Resin (2018-2027 USD Mn)
11.1.5.1.3. GCC Glass Flake Coatings Market by End-Use Industry (2018-2027 USD Mn)
11.1.5.2. South Africa
11.1.5.2.1. South Africa Glass Flake Coatings Market by Substrate (2018-2027 USD Mn)
11.1.5.2.2. South Africa Glass Flake Coatings Market by Resin (2018-2027 USD Mn)
11.1.5.2.3. South Africa Glass Flake Coatings Market by End-Use Industry (2018-2027 USD Mn)
11.1.5.3. Rest of MEA
11.1.5.3.1. Rest of MEA Glass Flake Coatings Market by Substrate (2018-2027 USD Mn)
11.1.5.3.2. Rest of MEA Glass Flake Coatings Market by Resin (2018-2027 USD Mn)
11.1.5.3.3. Rest of MEA Glass Flake Coatings Market by End-Use Industry (2018-2027 USD Mn)
12. Company Profiles
12.1. Akzo Nobel N.V.
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. PPG Industries, Inc.
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. Jotun A/S
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. The Sherwin-Williams Company
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. BASF SE
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Hempel A/S
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Chugoku Marine Paints, Ltd.
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. KCC CORPORATION
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. Nippon Paint Singapore
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. PPG Industries, Inc.
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
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