The Glass Flake Coatings Market is Predict to reach USD 2.1 Billion by 2030, at a CAGR of 4.2%

Glass Flake Coatings Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Glass Flake Coatings Market size is expected to reach $2.1 billion by 2030, rising at a market growth of 4.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 5110.42 hundred Tonnes, experiencing a growth of 3.5% (2019-2022).

Integrating smart technologies into coatings, often called “smart coatings,” has been a trend in recent years. This involves incorporating self-monitoring, self-repair, or responsive coatings that adapt to environmental conditions. While this trend was more widespread in certain high-tech industries, it could influence the development of advanced glass flake coatings with smart capabilities. According to the International Trade Administration, the Abu Dhabi Department of Economic Development (ADDED) announced a new Smart Manufacturing initiative in October 2021 to diversify the emirate’s economy and attract foreign companies.

The Epoxy segment is leading the Global Glass Flake Coatings Market by Material in 2022 thereby, achieving a market value of $986.3 Million by 2030. Epoxy-based glass flake coatings adhere well to various surfaces, forming a strong and durable bond. This property enhances the overall performance and longevity of the coating. Epoxy formulations offer versatility in terms of application methods. They are easily applied and adaptable to various surfaces, forms, and structures when used as liquid coatings.

The Oil & Gas segment is poised to have a CAGR of 3.9% during (2023 - 2030). Glass flake coatings offer high resistance to various chemicals commonly encountered in the oil & gas segment, including acids, alkalis, and hydrocarbons. This chemical resistance is crucial for protecting infrastructure such as pipelines, storage tanks, and processing equipment from the corrosive impact of the substances they handle. Subsea infrastructure, including pipelines and equipment, is exposed to challenging conditions such as high pressures, low temperatures, and corrosive seawater.

Full Report: https://www.kbvresearch.com/glass-flake-coatings-market/

The Asia Pacific region dominated the Global Glass Flake Coatings Market by Region in 2022 thereby, achieving a market value of $861.2 Million by 2030. The Europe market is registering a CAGR of 3.7% during (2023 - 2030). Additionally, The North America market would showcase a CAGR of 3.9% during (2023 - 2030).

List of Key Companies Profiled

• Akzo Nobel N.V.
• Hempel A/S
• PPG Industries, Inc.
• KCC Corporation (Momentive Performance Materials Inc.,)
• Kansai Paint Co., Ltd.
• Berger Paints India Limited
• The Sherwin-Williams Company
• Jotun A/S
• Deccan Mechanical & Chemical Industries Pvt. Ltd
• Chugoku Marine Paints, Ltd.

Glass Flake Coatings Market Report Segmentation

By Material (Volume, Hundred Tonnes, USD Billion, 2019-2030)

• Epoxy
• Vinyl Ester
• Polyester

By End Use (Volume, Hundred Tonnes, USD Billion, 2019-2030)

• Marine
• Oil & Gas
• Chemical
• Industrial
• Construction
• Others

By Geography (Volume, Hundred Tonnes, USD Billion, 2019-2030)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Glass Flake Coatings Market Size, 2030

• March-2024
• 122 Pages

LAMEA Glass Flake Coatings Market Size & Share 2030

• March-2024
• 132 Pages

Europe Glass Flake Coatings Market Size Data Set | 2030

• March-2024
• 132 Pages

Asia Pacific Glass Flake Coatings Market Size, 2030

• March-2024
• 136 Pages