The Global Glass Flake Coatings Market is expected to reach USD 2.12 billion by 2025, from USD 1.47 billion growing at a CAGR of 4.52% during forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Glass flakes are very thin glass plates with a minimum thickness of 5 to 2 micrometres. There are two main processes to manufacture glass flakes. The first one is the bubble method in which a glass marble is converted into liquid and then blown into a bubble. After that it is smashed into glass flakes and sieved by particles size distribution. Anti-corrosive coatings, paints and pigments uses glass flakes to reduce corrosion In composite materials, glass flakes are used as a reinforcement material. The addition of glass also improves the flexibility, hardness and abrasion resistance of coating.
According to American Coating Association, in 2016, nearly 1.2 billion in paints and coating products and was recorded the highest level in the decade. China was reported as the third largest export market for U.S. coating products at USD 97 million in the same year and Japan and U.K. were out of the five leading export market for U.S. at USD 47 million and 42 million respectively. Above all the data depicts that the market of glass flakes coating around the globe is growing and will derive the demand for glass flakes.
Major Competitors in Glass Flake Coating Market:
- Akzo Nobel
- PPG Industries
- Chugoku Marine
The other players in the market are Sherwin-Williams, Nippon Paint, Kansai Paints, RPM International, KCC Corporation, S K Kaken, Berger Paints, Shalimar Paints, BASF, Duluxgroup, Grauer & Weil, Samhwa Paints, Yung Chi Paint & Varnish, , National Paint Factories, Demech Chemicals, Chemiprotect Engineers, Corrosioneering Group, Specialized Coating Systems, Winn & Coales (Denso), Clean Coats ,Other Key Market Players
The global glass flake market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of acetaldehyde market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
- Demand for advanced and highly-efficient coatings
- Upcoming shipbuilding and new pipeline construction projects
- Increasing need for improving performance and lifespan of equipment and devices
- Fluctuation in glass flake coatings price
- Slow Growth in industrial sectors in Europe
- Vinyl Ester
By End-User Industry
- Oil & Gas
- Chemical & Petrochemical
- Asia Pacific
- South Korea
- North America