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Glass Flake Coatings Market Trends

Report ID: GMI8622
Published Date: Mar 2024
Report Format: PDF

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Glass Flake Coatings Market Trends

One prominent trend is the increasing emphasis on sustainable and eco-friendly coating solutions. With a growing awareness of environmental concerns, manufacturers in the glass flake coatings sector are focusing on developing formulations that minimize environmental impact and comply with stringent regulations. Additionally, technological advancements continue to drive innovation in coating formulations, leading to the introduction of high-performance and specialized products tailored to meet the diverse needs of different industries.

Another key trend is the expanding range of applications for glass flake coatings, particularly in sectors such as oil and gas, marine, and infrastructure. These coatings are gaining traction due to their exceptional resistance to corrosion, chemicals, and abrasion, making them ideal for protecting critical assets and structures. Moreover, the market is witnessing increased collaboration and partnerships among key players to leverage collective expertise and broaden their product portfolios. As industries prioritize preventive maintenance and seek long-lasting protective solutions, the demand for glass flake coatings is expected to rise.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for glass flake coatings was valued at around USD 2.7 billion in 2023 and is anticipated to register a CAGR of over 4.6% between 2024 and 2032, as they offer exceptional barrier properties and protection against harsh environmental conditions.

Steel substrate segment accounted for over 59% industry share in 2023 and is projected to grow through 2032, attributed to anti-corrosive properties that particularly suit well for protecting steel structures, pipelines, and equipment in aggressive environments.

Asia Pacific glass flake coatings industry generated USD 1.07 billion in 2023, driven by rapid industrialization, infrastructure development, and the expanding manufacturing sector.

Aashish Coating, AkzoNobel N.V., BASF SE, Berger Paints, Chemco International, Chugoku Marine Paints, Ltd., Dulux Protective Coatings, Hempel A/S, Jotun A/S, ansai Paints, KCC Corporation, Nippon Paints, and PPG Industries.