The global glass flake coating market is projected to reach $2.0 billion by 2028, at a CAGR of 4.6% during 2023-2028. The growth of glass flake coating market is driven by increasing demand for high-efficient coatings to protect pipelines, tanks, and onshore and offshore infrastructure and growing demand for glass flake coatings to extend life span of products as well as improve performance.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the glass flake coating market by
substrate (steel and concrete), resin (polyester, vinyl ester, and epoxy), end
use industry (marine, oil and gas, chemical, industrial, construction, and
others), and region (North America, Europe, Asia Pacific, and the Rest of the
World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the business
risks and threats to the glass flake coating market?
Q.4 What are some
changing demands of customers in the glass flake coating market?
Q.5 What are the new
developments in the glass flake coating market? Which companies are leading
these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this glass flake coating area and how big
of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this glass flake coating market?
Market Segmentation:
Based on resin, the
glass flake coating market is segmented into polyester, vinyl ester, and epoxy The
epoxy segment accounted for the largest share of the market in 2023 and is
expected to register the highest CAGR during the forecast period, because epoxy
has a significant use in decorative paints because of its qualities, such as
chemical resistance, corrosion resistance, anti-absorption, durability, and
tensile strength.
APAC will remain the
largest region due to the rapid expansion of shipbuilding and chemical
industries and availability of low-cost labor and manufacturing facilities in
China and India.
Key Players in the glass
flake coating market are AkzoNobel, Nippon Sheet Glass, PPG Industries, Jotun,
and The Sherwin- Williams Company.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers, restraints,
challenges, and opportunities for market growth. It would also help to
understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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