The Latin America, Middle East and Africa Glass Flake Coatings Market would witness market growth of 5.8% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 602.57 hundred Tonnes, showcasing a growth of 5.7% (2023-2030).
Glass flakes coatings offer a robust solution to safeguard equipment, pipelines, and infrastructure against corrosion, erosion, and chemical attack, thereby extending their service life and reducing maintenance costs in oil and gas facilities. These coatings, composed of high-performance resins embedded with glass flakes, create a barrier that shields metal surfaces from corrosive agents, including saltwater, acids, and alkalis, prevalent in offshore and onshore oil and gas operations. Therefore, the UAE market utilize 17.54 hundred tonnes of glass flake coatings in oil & gas by 2030.
The Brazil market dominated the LAMEA Glass Flake Coatings Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $65.8 Million by 2030. The Argentina market is showcasing a CAGR of 6.4% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 5.4% during (2023 - 2030).
Glass flake coatings are utilized in power plants to protect equipment and structures from corrosion caused by exposure to water, steam, and chemicals. The coatings contribute to the reliability and longevity of power generation facilities. Glass flake coatings are employed in the aerospace industry to protect aircraft components from corrosion and environmental wear. These coatings contribute to the safety and longevity of critical aerospace structures. Glass flake coatings are used in wind turbine components, such as towers and blades, to protect against corrosion and environmental degradation. These coatings contribute to the durability and efficiency of renewable energy infrastructure.
There has been a growing emphasis on sustainable coatings in response to increasing environmental regulations and corporate sustainability goals. Waterborne formulations, generally considered more environmentally friendly than solvent-based coatings, were gaining popularity. This tendency is consistent with the broader shift toward environmentally friendly solutions across industries. Nanotechnology has profoundly impacted the coatings industry, including glass flake coatings. Integrating nanomaterials can enhance the performance of coatings, providing improved mechanical strength, corrosion resistance, and barrier properties. Nano-sized additives can improve adhesion and durability, making coatings more effective in challenging environments.
According to data issued in 2023 by the International Trade Administration, the renewable energy sector accounts for 83% of the Brazilian electricity matrix, compared to the global average of 25%. Privat investment has facilitated the renewable energy sector’s consistent growth. Thus, due to these aspects, the glass flake coatings market will expand across the LAMEA region in upcoming years.
Free Valuable Insights: The Worldwide Glass Flake Coatings Market is Projected to reach USD 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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