Glass Flake Coatings Market  Outlook, Industry Demand and Supply, and Top Manufacturers Analysis Report

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The increasing demand for glass flake coating in marine industries, and construction industries are propelling the market growth.

The global vinyl ester glass flake coating market is forecast to reach USD 2.03 Billion by 2026, according to a new report by Reports and Data. vinyl ester glass flake coating are specialty chemicals that are used in the ship manufacturing industry since it is resistant to chemicals, moisture, oil, gas, and many other solvents. vinyl ester glass flake coating is also known as borosilicate. It is extensively used as a substrate in the production of effect pigments.

The market for glass flake coating chemicals is influenced by the rising demand for construction materials, the evolution of environmentally friendly chemicals required by construction industries, and development of automobile industries, which require large glass flake coating chemicals. The glass flake coating chemicals are improving the performance and life span of the devices and equipment. There is a continuous fluctuation in the price of vinyl ester glass flake coating, which are affecting its market.

The above-mentioned factors collectively create opportunities for the market growth while factors such as unfavorable effects of vinyl ester glass flake coating chemicals pose limitations in the market. However, each factor would have a definite impact on the market during the forecast period. Consistent advancements in the glass flake chemicals market owing to innovative efforts have enhanced the efficiency of coating chemicals.

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The basic objective of this report is to deliver details pertaining to the growth of this market, with respect to the rising demand from various sectors. The market report comprises an in-depth study of the current trends, growth opportunities, sectors likely to depict high growth prospects, industry drivers, and more, that would help shareholders undertake major decisions. 

This report also focuses on the vinyl ester glass flake coating Market size with respect to the volume and value – at the regional, company, and worldwide levels. Market strategies are undertaken, with regard to the current and future industry scenarios have also been enlisted in the study. 

Market Overview:

The chemicals and materials industry has witnessed significant revenue growth over the recent past owing to increasing demand for chemicals, raw materials, consumer products such as perfumes, soaps, and detergents, and plastics from various end-use industries. Chemicals and materials are widely used in various consumer goods and different sectors such as agriculture, construction, and petroleum refining, among others. Polymers occupy the largest revenue share of the global chemicals industry owing to increasing demand from the packaging industry, construction markers, and home furnishing, among others. The increasing availability of raw materials at affordable costs, lower labor, and energy costs, and rapid economic growth in developing regions is a key factor boosting revenue growth of the chemicals and materials industry and the trend is expected to continue going ahead.

The report further offers an in-depth analysis of key regions in the market along with the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. It also studies the presence of key players in each region along with macro-and micro-economic growth factors, regulatory framework, and investment and funding opportunities in each major region.

Further key findings from the report suggest

  • Epoxy held the largest market share of 49.3% in the year 2018. Epoxy is widely used in this industry because it is resistant to high temperature, and they are compatible with various substrates which benefits the end-users. The epoxy coating is mainly used for tank lining, pipe coating, and ballast tank coating.
  • In the oil and gas projects epoxy is used because it can repair leaky pipes, cost-effective, and less time is required to complete this coating. This coating is eco-friendly, which makes it more in demand in present scenarios.
  • Marine Industry held the largest market share of 34.5% in the year 2018. In the Asia Pacific region, the marine industry is growing since high investment is being made in trading merchandise goods. There is an emergence of the marine industry in China which has driven the market of glass flake coating.
  • Steel segment is forecasted to witness a higher CAGR of 5.6% during the forecast period. Steel is used in storage tanks, offshore and onshore platforms, pipelines and ship building because it increases the lifespan of the metal substrate.

Top Players in the Global vinyl ester glass flake coating Market:

Chemiproject Engnieers, Nippon Sheet Glass Co., Ltd., Akzo Nobel N.V., Jotun, Hempel A/S, Corrosioneering Group, Berger Paints India Limited, Sherwin-Williams Company, Shalimar Paints Limited, and Samhwar Paints Industrial Co. Ltd among others.

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vinyl ester glass flake coating Market Segmentation:

Substrate Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

  • Steel
  • Concrete

Resin Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

  • Epoxy
  • Polyester
  • Vinyl Ester
  • Others

End Users Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

  • Oil and gas
  • Marine
  • Chemical and Petrochemical
  • Automobiles
  • Construction
  • Aerospace

Global vinyl ester glass flake coating Market Report: Regional Segmentation

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East Africa

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Frequently Asked Questions Answered in the Report:

  • What is the estimated revenue growth rate of the global vinyl ester glass flake coating market over the forecast period?
  • What are the major factors driving the global market revenue growth?
  • Which are the leading manufacturers and suppliers in the global vinyl ester glass flake coating market?
  • Which regional market is expected to lead in terms of revenue share in the global vinyl ester glass flake coating market over the forecast years?
  • What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?

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