Global Glass Flake Coatings Market Expected to Reach XX Million By 2025
According to a new report published by Reports Monitor titled, “Glass Flake Coatings Market By Product Type, Substrate Type, Resin Material Type and End-User Application: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Glass Flake Coatings Market was valued at XX billion in 2016, and is projected to reach at XX billion by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia-Pacific is anticipated to hold the massive share of the market, in terms of value and volume, and is expected to maintain this trend throughout the forecast period.
Glass flakes looks like tiny microscopic pieces of broken window sheet. As compared to other fibers or granular fillers, the broader aspect ratios of flakes possess unique features to materials to which they are added. The basic mechanism of glass flakes coatings remains in facilitating laminar glass fillers with twisted and convoluted path through the resin binder so as to corrosive irons travelling through binder will have to attempt larger span of area. The distance travelled by corrosive ions will depend upon thickness of flakes and the number of layers of glass flakes in a provided coating. Glass Flakes Coating used for the purpose of reinforcement, limiting moisture vapour transmission or reduction in gas permeation, to come over viscosity & thixotropic changes and counteract corrosion and abrasion.
Increased adoption for advanced and highly efficient coating, new pipeline construction and looming shipbuilding projects demand for greater option like glass flake coating driving the market to a larger extent. Additionally rising usage of glass flakes coating in order to protect tanks and pipeline from damage caused by corrosion and infrastructure made out of steel and concrete at coastal region or away from shoreline has leaded the market to grow continuously during forecast period. Moreover, growing need of better accomplishment and increased lifespan of devices & equipment for longer lasting reinforcement objective influencing the market grow further. Nevertheless, cost fluctuation of glass flake coatings and dull growth of industrial sector in European region might hinder the growth of the market.
Continuously growing gas & Oil exploration and marine industries offers lucrative opportunities to key market players to expand their business.
Key Findings and Scope: • Steel segment is predicted to have significant share of the market owing to tremendous application of steel in large & medium sized ships, onshore-offshore platforms, pipelines and chemical storage tanks. • Epoxy segment of resin is estimated to have elevated growth during forecast period of 2017 to 2025. Factors attributable to growth of the segment are growing use of epoxy based glass flake coatings in tank lining, pipe and ballast tank coating and excellent protection in harsh environment conditions against abrasion and corrosion. • In terms of application, Marine industry segment is anticipated to grow at highest pace due to forthcoming shipbuilding projects and onshore-offshore platforms and associated infrastructure. • Geographically Asia-Pacific region is projected to lead the market in terms of volume and value.
Also rapidly growing industrialization with low production cost and cheap labour and existence of major end-user of epoxy-based glass flake coatings favours the speedy growth of this region Major Key Vendors profiled in the report include: Akzo Nobel, Chemiprotect Engineers, Corrocoat USA, Demech Chemical, Flakecoat Technology Pte. Ltd, Glass Flake Limited, Kirloskar Corrocoat Private Limited, NGF, PPG INDUSTRIES and Sherwin-Williams.
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