Press release
Glass Flake Coatings Market Research Report 2019-2023 by Top Key Players Include BASF SE, CHEMIPROTECT ENGINEERS, Winn & Coales (Denso) Limited KCC CORPORATION, Sherwin-Williams Company, Hempel A/S, Nippon Sheet Glass Co., Ltd., Akzo Nobel N.V., Shalimar
Glass Flake Coatings Market, Global Glass Flake Coatings Market, Glass Flake Coatings Market Industry, Glass Flake Coatings Market
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Top 10 Key Players:
The major key players operating the Glass Flake Coatings Market are -
BASF SE
CHEMIPROTECT ENGINEERS
Winn & Coales (Denso) Limited
KCC CORPORATION
Sherwin-Williams Company
Hempel A/S
Nippon Sheet Glass Co., Ltd.
Akzo Nobel N.V.
Shalimar Paints Limited
Samhwar Paints Industrial Co. Ltd
Segmental Insights:
The global glass flake coatings market is segmented by resin type, substrate type, application method, application, end-use industry, and region.
On the basis of the resin type, the global glass flake coatings market is segmented into the epoxy, polyester, vinyl ester, and others. Polyester is sub-segmented to isophthalic polyester and bisphenol polyester. Epoxy is sub-segmented into pure epoxy and hybrid epoxy. Hybrid epoxy glass flake coatings are further segmented into polyamine cured epoxy and polyamide cured epoxy. Vinyl ester is sub-segmented into standard vinyl ester and brominated vinyl ester.
On the basis of the substrate type, the global glass flake coatings market is segmented into steel and concrete.
On the basis of the application method, the global glass flake coatings market is segmented into brush/roller, conventional spray, and airless spray.
On the basis of the end-user industries, the global glass flake coatings market is segmented into oil & gas, marine, chemical, construction, and others. The oil & gas industry is sub-segmented into offshore and onshore.
Market Information:
Glass flake coatings consist of resin matrix reinforced with properly graded and micron thick glass flakes that can overlap in multiple layers creating a barrier to permeation and extend the service life of the coating. The laminar arrangement of glass flakes in the coating provides an excellent barrier against external weather conditions. For instance, corrosive ions follow a tortuous path through the glass flakes to attack the base substrate.Glass flake coatings find wide applications in end-user industries as marine, oil & gas, chemical & petrochemical, construction industry, and others. They can be applied to steel or concrete base substrate.
Various types of resins used in glass flakes coatings are epoxy, polyester, and vinyl ester depending upon the application.
The polyester glass flake coatings find application in immersion & splash environments where resistance to light chemical attack is required.Vinyl ester glass flake coatings provide high chemical & abrasion resistance to tank linings. Epoxy glass flakes coatings are the most preferred type of glass flakes coatings. They provide outstanding corrosion, abrasion, and impact resistance, which makes them useful in humid, saline, chemical, extreme wear and tear, and harshest offshore environment. Epoxy glass flake coatings have good drying properties even at low temperature, which makes it useful in cold stores applications. Polyamine/polyamide cured epoxy coatings has good wetting properties, low water, oil & chemical permeability, excellent corrosion resistance, abrasion resistance, and impact resistance. Polyamine/polyamide cured epoxy glass flakes coatings finds wide applications in floors of car parking decks & manufacturing units, aircraft hangers, parking bays, pedestrian walkways, industrial floors, cold stores, laboratories, food & beverage manufacturing plants, and restaurant kitchens among others.
Increasing need for improving performance and lifespan of equipment & devices are likely to boost demand for glass flake coatings in oil & gas, marine, chemical, and construction industries over the forecast period. Growing offshore oil & gas industry due to rising demand for energy is expected to drive strong demand for glass flake coatings in new pipeline construction projects over the forecast period. Additionally, growing marine industry due to rising global trade on account of trans-free trade agreements is expected to boost the demand for glass flake coatings to a large extent for shipbuilding & maintenance projects during the forecast period 2018-2023.
However, fluctuation in glass flake coatings prices is likely to hamper the market growth to some extent during the forecast period. Furthermore, the rise in the protection by some regions may encourage local production and consumption, which may hamper the marine industry and might restrict the glass flake coatings growth during the forecast period.
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Industry News:
August 8, 2018: The Subsea Industries reported that its Ecospeed coating system has been applied to the aluminum-hulled 750-passenger capacity Spaulding class ferry M/S Marin which is operated and owned by the Golden Gate Bridgem Highway and Transportation District.
Regional Analysis:
Geographically, the glass flake coatings market spans across regions namely, North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa.
Among all the regions, Asia Pacific is predicted to hold the maximum share during the assessment period. End-use industries such as chemical, marine, and construction industry are likely to stimulate the demand for glass flake coatings over the review period.
The North American and the European region are expected to showcase a steady demand during the assessment period. End-use industries like construction and chemical industries are likely to contribute to the market growth during the assessment period.
Meanwhile, Latin America and the Middle East and Africa are predicted to show growing demand for glass flake coatings during the assessment period.
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