Glass Flake Coatings Market Size & Analysis – Forecasts To 2025
Glass Flake Coatings Market Size & Analysis – Forecasts To 2025 By Application (Tanks & Vessels, Concrete & Steel Structures, Others), By Region (North America, Europe, Asia-Pacific, Central & South America, Middle East & Africa), End-Use Landscape, Vendor Landscape and Market Share & Competitive Landscape
Glass Flake Coatings Market Insights
The glass flake coatings market is expected to grow at a high CAGR over the coming years on account of excellent properties such as abrasion, chemical, corrosion, and erosion resistance. Glass flakes are expected to garner exponential demand as coating in the industrial, oil & gas, construction, and energy & power industry.
The increasing demand for renewable energy has increased the need for pressure vessels. These pressure vessels have to be coated with effective corrosion resistant coatings in order to protect against corrosion and chemical reactions. Glass flakes are also used in epoxies and unsaturated polyesters. High investments in infrastructure development across the world are also expected to positively impact market growth over the coming years.
Glass Flake Coatings Market
Glass Flake Coatings Market: Application Insights
On the basis of application, the glass flake coatings market is projected to experience large demand in protecting tanks & vessels from corrosion. Glass flakes are often used along with other additives and fillers in order to improve its bonding capability.
Glass flakes are used in lining vessels, pipelines, pumps & valves, and external construction in order to improve the performance of the substrate. The increasing demand for pipelines and vessels is expected to positively impact market growth over the coming years.
Glass Flake Coatings Market
Glass Flake Coatings Market: Regional Insights
The demand for glass flake coatings is projected to grow at a high CAGR over the coming years. Rapid industrialization and growing number of pipeline constructions is projected to augment market growth. Glass flake coatings are extensively used in boilers and pressure vessels. The growing production and utilization of boilers and other pressure vessels for the in countries such as China, Japan, South Korea, and India are expected to positively influence market growth over the coming years.
Large investments in nuclear power plants and pipelines are expected to augment demand for glass flake coatings in North America and Europe. Rising manufacturing activities undertaken in the Central & South American and Middle Eastern & African region is expected to foster demand for tough and effective coatings.
Glass Flake Coatings Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Glass Flake Coatings Market: End-Use Landscape
The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic and inorganic growth strategies among others. Some of the companies who are likely to use glass flake coating include Dongfang Electric Corporation Limited, Babcock & Wilcox Enterprises, Inc., Westinghouse Electric Company LLC, and Samuel Pressure Vessel Group among others.
Glass Flake Coatings: Market Share & Competitor Analysis
Some of the major players in the glass flake coatings market include Chemiprotect Engineers, Demech Chemical, Kirloskar Corrocoat Private Limited, GlassFlakes Co.,Ltd, Glass Flake Limited, The Cary Company, Corrocoat USA, Sherwin-Williams, DEMECH Chemical, and Flakecoat Technology Pte. Ltd among others
In March 2015, Glassflake Ltd partnered with Sibelco UK Ltd a supplier of industrial minerals for the development of tougher, thinner, and stronger glass flake coatings. In August 2013, Sherwin-Williams launched Glass Flake Epoxy Based Systems to be used on bridges and highways.