The Asia Pacific Glass Flake Coatings Market would witness market growth of 4.4% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1705.17 hundred Tonnes, showcasing a growth of 3.6% (2019-2022).
Glass flakes, with their unique properties such as high chemical resistance, mechanical strength, and corrosion protection, have emerged as a preferred choice for marine coatings. These coatings are specifically engineered to withstand harsh marine environments, offering superior durability against saltwater corrosion, UV radiation, and abrasion. Therefore, the Australia market utilized 47.96 hundred tonnes of glass flake coatings in marine industry in 2022.
The China market dominated the Asia Pacific Glass Flake Coatings Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $230.3 Million by 2030. The Japan market is registering a CAGR of 3.7% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 5% during (2023 - 2030).
Educational initiatives and increased awareness within industries play a vital role in adopting glass flake coatings. As professionals become more informed about the benefits of these coatings through training programs, industry conferences, and collaborative efforts, the willingness to adopt them as a standard protective measure grows. Knowledge dissemination about the advantages of glass flake coatings fosters a positive perception and accelerates their integration into industry practices.
Moreover, glass flake coatings are extensively used on ship hulls to protect against corrosion caused by saltwater exposure. These coatings provide a robust barrier, preventing the deterioration of the hull structure and extending the vessel’s life. Offshore structures face harsh environmental conditions, including saltwater exposure and atmospheric corrosion. Glass flake coatings are applied to offshore platforms, rigs, and associated equipment to resist corrosion and ensure the structural integrity of these assets.
The Australian Bureau of Statistics reports that Australia’s construction work increased by 0.7% to $65,440.5 m. Australia’s extensive coastline and numerous marine structures require coatings that can withstand saltwater exposure. Bridges and overpasses are critical components of Australia’s transportation infrastructure. Therefore, due to the above-mentioned factors, the glass flake coatings market will grow significantly in this region.
Free Valuable Insights: The Global Glass Flake Coatings Market is Predict to reach $ 2.1 Billion by 2030, at a CAGR of 4.2%
Based on Material, the market is segmented into Epoxy, Vinyl Ester, and Polyester. Based on End Use, the market is segmented into Marine, Oil & Gas, Chemical, Industrial, Construction, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Material (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By End Use (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Country (Volume, Hundred Tonnes, USD Billion, 2019-2030)
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