Increasing demand for these products form the food & beverage and healthcare industries is a major factor projected to drive growth of the target market over the forecast period.
The global glass flake coating market report has been segmented on the basis of basis of resin type, substrate type, end-use industries, and region.
On the basis of resin type, the global market has been segmented into epoxy, vinyl ester, and polyester. The epoxy segment is estimated to account for significant share in terms of revenue in the global glass flake coating market. This can be attributed to increasing adoption of epoxy-based glass flake coatings in pipe coating, tank lining, and ballast tank coating. The epoxy segment revenue is also projected to register highest CAGR over the forecast.
On the basis of end-use industries, the global glass flake coating market has been segmented into oil & gas, marine, chemical & petrochemical, and others (power generation and wastewater treatment). The marine segment is estimated to account for major revenue share in the global market in terms of revenue. The marine segment revenue is also anticipated to register highest CAGR over the forecast.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Asia Pacific market is expected to dominate with significant revenue share in the global market in 2017. The Asia Pacific market is also anticipated to register highest CAGR in terms of revenue in the next few years, owing to increasing demand from chemical & petrochemical and oil & gas industries in the countries in this region.
Key players operating in the global glass flake coating market include Akzo Nobel N.V., PPG Industries, Inc., Jotun AS, Hempel A/S, Chugoku Marine Paints, Ltd., The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., Kansai Paint Co., Ltd., RPM International Inc., and KCC Corporation.