HOME Top Market Reports Glass Flake Coatings Market by Resin (Epoxy, Vinyl Ester, Polyester), Substrate (Steel, Concrete), End-Use Industry (Oil & Gas, Marine, Chemical & Petrochemical), and Region (APAC, Europe, North America, South America, MEA) - Global Forecast to 2022

Glass Flake Coatings Market by Resin (Epoxy, Vinyl Ester, Polyester), Substrate (Steel, Concrete), End-Use Industry (Oil & Gas, Marine, Chemical & Petrochemical), and Region (APAC, Europe, North America, South America, MEA) - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: February 2018
Report Code: CH 6020

 

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The glass flake coatings market was valued at USD 1.38 Billion in 2016 and is projected to reach USD 1.80 Billion by 2022, at a CAGR of 4.48% during the forecast period. The forecast period considered is from 2017 to 2022, while the base year considered to estimate market size is 2016.

This report aims to estimate the size and growth of the glass flake coatings market across different segments, such as resin, substrate, end-use industry, and region. It analyzes the opportunities in the market for stakeholders and presents a competitive landscape for market leaders. Factors such as drivers, restraints, opportunities, and industry-specific challenges influencing market growth have also been studied in this report.

The top-down and bottom-up approaches were used to estimate and validate the size of the global glass flake coatings market and other dependent submarkets. This research study involved the extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg, Chemical Weekly, Factiva, related associations/institutes, and other government associations. Public as well as private company websites were also used to identify and collect information useful for a technical, market-oriented, and commercial study of the global glass flake coatings market. After arriving at the total market size, the overall market was split into several segments and subsegments. The figure given below provides a breakdown of the primaries conducted during the research study based on company type, designation, and region.

Glass Flake Coatings Market

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Key manufacturers of glass flake coatings include Akzo Nobel (Netherlands), PPG Industries (US), Jotun (Norway), Hempel (Denmark), Chugoku Marine (Japan), The Sherwin-Williams Company (US),  KCC Corporation (South Korea), Nippon Paint (Japan), Kansai Paint (Japan), and RPM International (US).

Key Target Audience:

  • Manufacturers of glass flake coatings
  • Raw material suppliers
  • End-users of glass flake coatings, such as the oil & gas, marine, and chemical & petrochemical industries
  • Traders, distributors, and suppliers of glass flake coatings
  • Regional manufacturer associations and various general coatings associations
  • Governments, investment banks, venture capitalists, and private equity firms

Scope of the report:

This research report categorizes the global glass flake coatings market based on resin, substrate, end-use industry, and region.

Based on Resin Type:

  • Epoxy
  • Vinyl Ester
  • Polyester

Based on Substrate Type:

  • Steel
  • Concrete

Based on End-use Industry:

  • Oil & Gas
  • Marine
  • Chemical & Petrochemical
  • Others

Based on Region:

  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Available Customizations:

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis:

  • Country-level analysis of the glass flake coatings market

Company Information:

  • Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities for Market Players
    4.2 Glass Flake Coatings Market Growth, By Resin
    4.3 Glass Flake Coatings Market: Developed vs Emerging Countries
    4.4 APAC Glass Flake Coatings Market, By End-Use Industry and Country
    4.5 Glass Flake Coatings Market Size, By Substrate
    4.6 Global Glass Flake Coatings Market, By Region

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Demand for Advanced and Highly-Efficient Coatings
                    5.2.1.2 Upcoming Shipbuilding and New Pipeline Construction Projects
                    5.2.1.3 Increasing Need for Improving Performance and Lifespan of Equipment and Devices
           5.2.2 Restraints
                    5.2.2.1 Fluctuation in Glass Flake Coatings Price
                    5.2.2.2 Slow Growth in Industrial Sectors in Europe
           5.2.3 Opportunities
                    5.2.3.1 Expanding of Oil & Gas Exploration Industry
           5.2.4 Challenges
                    5.2.4.1 Less Penetration of Glass Flake Coatings in the Industrial Sectors
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Buyers
           5.3.4 Bargaining Power of Suppliers
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Indicators
           5.4.1 Trends and Forecast of GDP
           5.4.2 Trends in Marine Industry
           5.4.3 Trends of Natural Gas Production
           5.4.4 Trends of Crude Oil Production

6 Glass Flake Coatings Market, By Resin (Page No. - 45)
    6.1 Introduction
    6.2 Epoxy
    6.3 Vinyl Ester
    6.4 Polyester

7 Glass Flake Coatings Market, By Substrate (Page No. - 50)
    7.1 Introduction
    7.2 Steel
    7.3 Concrete

8 Glass Flake Coatings Market, By End-Use Industry (Page No. - 54)
    8.1 Introduction
    8.2 Oil & Gas
    8.3 Marine
    8.4 Chemical & Petrochemical
    8.5 Others

9 Glass Flake Coatings Market, By Region (Page No. - 61)
    9.1 Introduction
    9.2 APAC
           9.2.1 Glass Flake Coatings Market, By Resin
           9.2.2 Glass Flake Coatings Market, By Substrate
           9.2.3 Glass Flake Coatings Market, By End-Use Industry
           9.2.4 Glass Flake Coatings Market, By Country
                    9.2.4.1 China
                    9.2.4.2 South Korea
                    9.2.4.3 Japan
                    9.2.4.4 India
                    9.2.4.5 Indonesia
                    9.2.4.6 Rest of APAC
    9.3 North America
           9.3.1 Glass Flake Coatings Market, By Resin
           9.3.2 Glass Flake Coatings Market, By Substrate
           9.3.3 Glass Flake Coatings Market, By End-Use Industry
           9.3.4 Glass Flake Coatings Market, By Country
                    9.3.4.1 US
                    9.3.4.2 Canada
                    9.3.4.3 Mexico
    9.4 Europe
           9.4.1 Glass Flake Coatings Market, By Resin
           9.4.2 Glass Flake Coatings Market, By Substrate
           9.4.3 Glass Flake Coatings Market, By End-Use Industry
           9.4.4 Glass Flake Coatings Market, By Country
                    9.4.4.1 Russia
                    9.4.4.2 Germany
                    9.4.4.3 Norway
                    9.4.4.4 Italy
                    9.4.4.5 France
                    9.4.4.6 UK
                    9.4.4.7 Rest of Europe
    9.5 South America
           9.5.1 Glass Flake Coatings Market, By Resin
           9.5.2 Glass Flake Coatings Market, By Substrate
           9.5.3 Glass Flake Coatings Market, By End-Use Industry
           9.5.4 Glass Flake Coatings Market, By Country
                    9.5.4.1 Brazil
                    9.5.4.2 Venezuela
                    9.5.4.3 Argentina
                    9.5.4.4 Rest of South America
    9.6 Middle East & Africa
           9.6.1 Glass Flake Coatings Market, By Resin
           9.6.2 Glass Flake Coatings Market, By Substrate
           9.6.3 Glass Flake Coatings Market, By End-Use Industry
           9.6.4 Glass Flake Coatings Market, By Country
                    9.6.4.1 Saudi Arabia
                    9.6.4.2 UAE
                    9.6.4.3 Qatar
                    9.6.4.4 Africa
                    9.6.4.5 Rest of Middle East & Africa

10 Competitive Landscape (Page No. - 97)
     10.1 Overview
     10.2 Market Ranking Analysis
     10.3 Competitive Scenario
             10.3.1 Investments & Expansions
             10.3.2 New Product Developments/Launches
             10.3.3 Acquisitions

11 Company Profiles (Page No. - 101)
Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View
     11.1 Akzo Nobel
     11.2 PPG Industries
     11.3 Jotun
     11.4 Hempel
     11.5 Chugoku Marine
     11.6 Sherwin-Williams
     11.7 Nippon Paint
     11.8 Kansai Paints
     11.9 RPM International
     11.10 KCC Corporation
     11.11 S K Kaken
     11.12 Berger Paints
     11.13 Shalimar Paints
     11.14 BASF
     11.15 Duluxgroup
     11.16 Grauer & Weil
     11.17 Samhwa Paints
     11.18 Yung Chi Paint & Varnish
     11.19 Other Key Market Players
             11.19.1 National Paint Factories
             11.19.2 Demech Chemicals
             11.19.3 Chemiprotect Engineers
             11.19.4 Corrosioneering Group
             11.19.5 Specialized Coating Systems
             11.19.6 Winn & Coales (Denso)
             11.19.7 Clean Coats

*Details Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 129)
     12.1 Key Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (91 Tables)

Table 1 Glass Flake Coatings Market Snapshot (2017 vs 2022)
Table 2 Major Shipbuilding Projects Till 2020
Table 3 Planned Crude Oil & Gas Pipeline Construction Beyond 2017
Table 4 Trends and Forecast of GDP, 2016–2022 (USD Billion)
Table 5 Ships Built, By Country, 2014–2016 (Gross Tonnage)
Table 6 Natural Gas Production By Country, 2014–2016 (Billion Cubic Metres)
Table 7 Crude Oil Production, By Country, 2014-2016 (Thousand Barrels/Day)
Table 8 Glass Flake Coatings Market Size, By Resin, 2015–2022 (Kiloton)
Table 9 Glass Flake Coatings Market Size, By Resin, 2015–2022 (USD Million)
Table 10 Epoxy-Based Glass Flake Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 11 Epoxy-Based Glass Flake Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 12 Vinyl Ester-Based Glass Flake Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 13 Vinyl Ester-Based Glass Flake Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 14 Polyester-Based Glass Flake Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 15 Polyester -Based Glass Flake Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 16 Glass Flake Coatings Market Size, By Substrate, 2015–2022 (Kiloton)
Table 17 Glass Flake Coatings Market Size, By Substrate, 2015–2022 (USD Million)
Table 18 Glass Flake Coatings Market Size for Steel Substrate, By Region, 2015–2022 (Kiloton)
Table 19 Glass Flake Coatings Market Size for Steel Substrate, By Region, 2015–2022 (USD Million)
Table 20 Glass Flake Coatings Market Size for Concrete Substrate, By Region, 2015–2022 (Kiloton)
Table 21 Glass Flake Coatings Market Size for Concrete Substrate, By Region, 2015–2022 (USD Million)
Table 22 Application Area Considered Under Each End-Use Industry
Table 23 Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 24 Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 25 Glass Flake Coatings Market Size in Oil & Gas End-Use Industry, By Region, 2015–2022 (Kiloton)
Table 26 Glass Flake Coatings Market Size in Oil & Gas End-Use Industry, By Region, 2015–2022 (USD Million)
Table 27 Glass Flake Coatings Market Size in Marine End-Use Industry, By Region, 2015–2022 (Kiloton)
Table 28 Glass Flake Coatings Market Size in Marine End-Use Industry, By Region, 2015–2022 (USD Million)
Table 29 Glass Flake Coatings Market Size in Chemical & Petrochemical End-Use Industry, By Region, 2015–2022 (Kiloton)
Table 30 Glass Flake Coatings Market Size in Chemical & Petrochemical End-Use Industry, By Region, 2015–2022 (USD Million)
Table 31 Glass Flake Coatings Market Size in Others End-Use Industries, By Region, 2015–2022 (Kiloton)
Table 32 Glass Flake Coatings Market Size in Others End-Use Industries, By Region, 2015–2022 (USD Million)
Table 33 Glass Flake Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 34 Glass Flake Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 35 APAC: Glass Flake Coatings Market Size, By Country, 2015–2022 (Kiloton)
Table 36 APAC: Glass Flake Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 37 APAC: Glass Flake Coatings Market Size, By Resin, 2015–2022 (Kiloton)
Table 38 APAC: Glass Flake Coatings Market Size, By Resin, 2015–2022 (USD Million)
Table 39 APAC: Glass Flake Coatings Market Size, By Substrate, 2015–2022 (Kiloton)
Table 40 APAC: Glass Flake Coatings Market Size, By Substrate, 2015–2022 (USD Million)
Table 41 APAC: Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 42 APAC: Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 43 China: Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 44 China: Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 45 South Korea: Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 46 South Korea: Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 47 North America: Glass Flake Coatings Market Size, By Country, 2015–2022 (Kiloton)
Table 48 North America: Glass Flake Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 49 North America: Glass Flake Coatings Market Size, By Resin, 2015–2022 (Kiloton)
Table 50 North America: Glass Flake Coatings Market Size, By Resin, 2015–2022 (USD Million)
Table 51 North America: Glass Flake Coatings Market Size, By Substrate, 2015–2022 (Kiloton)
Table 52 North America: Glass Flake Coatings Market Size, By Substrate, 2015–2022 (USD Million)
Table 53 North America: Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 54 North America: Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 55 US: Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 56 US: Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 57 Canada: Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 58 Canada: Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 59 Europe Oil & Gas Projects in 2017
Table 60 Europe: Glass Flake Coatings Market Size, By Country, 2015–2022 (Kiloton)
Table 61 Europe: Glass Flake Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 62 Europe: Glass Flake Coatings Market Size, By Resin, 2015–2022 (Kiloton)
Table 63 Europe: Glass Flake Coatings Market Size, By Resin, 2015–2022 (USD Million)
Table 64 Europe: Glass Flake Coatings Market Size, By Substrate, 2015–2022 (Kiloton)
Table 65 Europe: Glass Flake Coatings Market Size, By Substrate, 2015–2022 (USD Million)
Table 66 Europe: Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 67 Europe: Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 68 Russia: Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 69 Russia: Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 70 South America: Glass Flake Coatings Market Size, By Country, 2015–2022 (Kiloton)
Table 71 South America: Glass Flake Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 72 South America: Glass Flake Coatings Market Size, By Resin, 2015–2022 (Kiloton)
Table 73 South America: Glass Flake Coatings Market Size, By Resin, 2015–2022 (USD Million)
Table 74 South America: Glass Flake Coatings Market Size, By Substrate, 2015–2022 (Kiloton)
Table 75 South America: Glass Flake Coatings Market Size, By Substrate, 2015–2022 (USD Million)
Table 76 South America: Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 77 South America: Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 78 Brazil: Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 79 Brazil: Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 80 Middle East & Africa: Glass Flake Coatings Market Size, By Country, 2015–2022 (Kiloton)
Table 81 Middle East & Africa: Glass Flake Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 82 Middle East & Africa: Glass Flake Coatings Market Size, By Resin, 2015–2022 (Kiloton)
Table 83 Middle East & Africa: Glass Flake Coatings Market Size, By Resin, 2015–2022 (USD Million)
Table 84 Middle East & Africa: Glass Flake Coatings Market Size, By Substrate, 2015–2022 (Kiloton)
Table 85 Middle East & Africa: Glass Flake Coatings Market Size, By Substrate, 2015–2022 (USD Million)
Table 86 Middle East & Africa: Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 87 Middle East & Africa: Glass Flake Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 88 Market Ranking of Key Players (2016)
Table 89 Investments & Expansions, 2015–2017
Table 90 New Product Developments/Launches, 2015–2017
Table 91 Acquisitions, 2015–2017


List of Figures (44 Figures)

Figure 1 Market Segmentation
Figure 2 Glass Flake Coatings Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Glass Flake Coatings: Data Triangulation
Figure 6 Epoxy-Based Glass Flake Coatings to Register Highest CAGR During Forecast Period
Figure 7 Steel Substrate Segment to Register Highest CAGR During Forecast Period
Figure 8 Oil & Gas End-Use Industry to Account for Largest Share of Glass Flake Coatings Market (2017–2022)
Figure 9 APAC Accounted for Largest Share of Glass Flake Coatings Market, 2016
Figure 10 Emerging Economies to Offer Lucrative Growth Opportunities to Key Players in the Glass Flake Coatings Market Between 2017 and 2022
Figure 11 Epoxy-Based Glass Flake Coatings Market Projected to Witness Highest CAGR Between 2017 and 2022
Figure 12 Glass Flake Coatings Market in China Projected to Grow at Highest Rate
Figure 13 Oil & Gas Segment Accounted for Largest Share of APAC Glass Flake Coatings Market in 2016
Figure 14 Steel Substrate Segment to Lead Glass Flake Coatings Market During Forecast Period
Figure 15 China and US Accounted for Largest Shares of Glass Flake Coatings Market in 2016
Figure 16 Drivers, Restraints, Opportunities, and Challenges in the Glass Flake Coatings Market
Figure 17 Glass Flake Coatings Market: Porter’s Five Forces Analysis
Figure 18 Epoxy-Based Glass Flake Coatings to Dominate the Overall Market Between 2017 and 2022
Figure 19 Steel Substrate Segment to Lead Glass Flake Coatings Market Between 2017 and 2022
Figure 20 Oil & Gas End-Use Industry to Remain the Leading Consumer of Glass Flake Coatings Till 2022
Figure 21 Regional Market Snapshot: China to Witness Highest Growth in Glass Flake Coatings Market
Figure 22 APAC to Be Fastest-Growing Glass Flake Coatings Market, 2017–2022
Figure 23 APAC Market Snapshot: China is the Largest Glass Flake Coatings Market
Figure 24 North America Market Snapshot: US to Account for the Largest Market Share
Figure 25 Europe Market Snapshot: Russia to Account for Largest Market Share
Figure 26 Companies Adopted Investment & Expansion as the Key Growth Strategy Between 2015 and 2017
Figure 27 Akzo Nobel: Company Snapshot
Figure 28 PPG Industries: Company Snapshot
Figure 29 Jotun: Company Snapshot
Figure 30 Hempel: Company Snapshot
Figure 31 Chugoku Marine: Company Snapshot
Figure 32 Sherwin-Williams: Company Snapshot
Figure 33 Nippon Paints: Company Snapshot
Figure 34 Kansai Paints: Company Snapshot
Figure 35 RPM International: Company Snapshot
Figure 36 KCC Corporation: Company Snapshot
Figure 37 S K Kaken: Company Snapshot
Figure 38 Berger Paints India Limited: Company Snapshot
Figure 39 Shalimar Paints: Company Snapshot
Figure 40 BASF: Company Snapshot
Figure 41 Duluxgroup: Company Snapshot
Figure 42 Grauer & Weil: Company Snapshot
Figure 43 Samhwa Paints: Company Snapshot
Figure 44 Yung Chi Paint & Varnish: Company Snapshot

The global glass flake coatings market is estimated to be USD 1.44 Billion in 2017 and is projected to reach USD 1.80 Billion by 2022, at a CAGR of 4.48% from 2017 to 2022. The growing demand for advanced and high-performance coatings to protect tanks, pipelines, and onshore & offshore infrastructures made of steel and concrete has led to an increase in the demand for glass flake coatings from the marine industry.

Based on resin, the epoxy segment is expected to witness the highest growth during the forecast period. The growth of this segment can be attributed to the increase in the use of epoxy-based glass flake coatings in tank lining, pipe coating, and ballast tank coating. Upcoming and ongoing oil & gas projects will also use epoxy-based glass flake coatings, further driving the market.

Based on substrate, the steel segment is projected to witness the highest growth during the forecast period. The increase in the use of glass flake coatings to coat the steel used in the building of large and medium ships, offshore & onshore platforms, storage tanks, and pipelines is a major factor driving the growth of this segment. Glass flake coatings reduce the effects of the abrasive & corrosive environments steel substrates are mostly used in, thereby increasing their durability.

Based on end-use industry, the marine segment is projected to witness the highest growth during the forecast period. The increase in global trading has forced the marine industry to invest in various shipbuilding projects. These projects have increased the demand for novel coating solutions for the protection of marine vessels and structures from corrosion, fouling, abrasion, salt water, air, and UV degradation.

The Asia Pacific glass flake coatings market is projected to witness the highest growth from 2017 to 2022, in terms of value and volume. Manufacturers of glass flake coatings are targeting this region as the shipbuilding and chemical industries in the region are the largest. The China glass flake coatings market has grown rapidly in recent years and is projected to witness high growth in the near future, due to a large number of established shipbuilding and chemical industries in the country. Countries such as India, Indonesia, and Australia are making significant developments in marine and chemical & petrochemical projects, which is anticipated to propel the growth of the glass flake coatings market in these countries.

Glass Flake Coatings Market

The growth of the glass flake coatings market may be restrained by the slow growth of the industrial sector in Europe. This slow growth is due to the decline in the chemical & petrochemical and marine industries in the region.

Companies such as Akzo Nobel (Netherlands), PPG Industries (US), Jotun (Norway), Hempel (Denmark), Chugoku Marine (Japan), The Sherwin-Williams Company (US),  KCC Corporation (South Korea), Nippon Paint (Japan), Kansai Paint (Japan), and RPM International (US) are key players in the global glass flake coatings market. Diverse product portfolios, strategically-positioned R&D centers, adoption of varied development strategies, and technological advancements are some of the factors that have helped these companies strengthen their position in the glass flake coatings market. These players have been adopting various organic and inorganic strategies to achieve growth in the glass flake coatings market.

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