Glass Flake Coatings Market by Resin, Substrate, End-Use Industry, and Region - Global Forecast to 2022

The report "Glass Flake Coatings Market by Resin (Epoxy, Vinyl Ester, Polyester), Substrate (Steel, Concrete), End-Use Industry (Oil & Gas, Marine, Chemical & Petrochemical), and Region (APAC, Europe, North America, South America, MEA) - Global Forecast to 2022", The global glass flake coatings market size is estimated at USD 1.44 Billion in 2017 and is projected to reach USD 1.80 Billion by 2022, growing at a CAGR of 4.48% from 2017 to 2022, in terms of value.

Glass flake coatings are advanced coatings with improved corrosion and abrasion resistance, and strong impermeability barrier resistance for chemicals and solvents. Glass flake coatings provide superior protection to steel and concrete substrates in the marine, oil & gas, chemical & petrochemical, power plants, and paper & pulp industries.

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Based on end-use industry, the oil & gas segment is projected to lead the glass flake coatings market during the forecast period

Based on end-use industry, the oil & gas segment is projected to lead the market during the forecast period. The growth in this segment can be attributed to the increased use of glass flake coatings in offshore & onshore platforms, pipelines, tanks, submerged surfaces, concrete bunds, and associated infrastructures. Glass flake coatings provide sufficient protection to these assets and pipelines, which increases their durability by reducing the effects of the corrosive and abrasive environment under which they operate.

Based on substrate, the steel segment is projected to lead the glass flake coatings market during the forecast period

Based on substrate, the steel segment is projected to lead the market during the forecast period. The growth in this segment can be attributed to the increased use of steel in the building of large & medium sized ships, chemical storage tanks, pipelines, and offshore & onshore platforms. Glass flake coatings provide resistance from corrosion, abrasion, and chemicals to steel substrates.

Based on resin type, the epoxy segment is estimated to lead the glass flake coatings market during the forecast period

The growth of the epoxy segment can be attributed to the increasing use of epoxy-based glass flake coatings in various applications in the oil & gas, marine, and chemical & petrochemical end-use industries. Epoxy-based glass flake coatings provide excellent protection against corrosion and abrasion in harsh atmospheric environments.

Asia Pacific to lead the glass flake coatings market due to growth in the shipbuilding and chemical manufacturing industries in the region

The Asia Pacific region is expected to be the largest market for glass flake coatings mainly due to the rapidly-growing economies of China and India in the region. This, along with the low cost of production and availability of cheap labor, has caused various chemical companies in the market to shift their production bases to the Asia Pacific region. Also, the global shipbuilding industry, a major end-user of epoxy-based glass flake coatings, is led by Asia Pacific—particularly by China, South Korea, and Japan due to the presence of the top five shipbuilding groups in the region.

Key market players in the glass flake coatings market

Key players in the glass flake coatings market are Akzo Nobel (Netherlands), PPG Industries (US), Chugoku Marine (Japan), Jotun (Norway), Hempel (Denmark), The Sherwin-Williams Company (US),  KCC Corporation (South Korea), Nippon Paint (Japan), Kansai Paint (Japan), and RPM International (US).

Mirror Coatings Market Projected to Reach 892.0 Million USD by 2022

The report "Mirror Coatings Market by Resin Type (Polyurethane, Epoxy, Acrylic), Technology (Solvent and Water-Based, Nano Coatings), Substrate (Silver, Aluminium), Application (Architectural, Automotive & Transportation, Decorative, Solar Power)-Global Forecast to 2022 " The mirror coatings market is estimated to be USD 618.4 Million in 2017 and is projected to grow at a CAGR of 7.60% between 2017 and 2022 to reach USD 892.0 Million by 2022, in terms of value.

The market includes mirror backing paints used in silver and aluminum mirrors. Mirror coatings are protective coatings used against abrasion, chemical corrosion, scratching, rusting, and others for mirror coatings products. Various applications of mirror coatings include architectural, automotive & transportation, decorative solar power, and others.

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Based on resin type, the polyurethane segment led the mirror coatings market in 2016 and is expected to grow at the highest CAGR during the forecast period

Polyurethane resins are made from reacting polyalcohol and organic di-isocyanate. Polyurethane resin-based coatings are easy to clean, highly durable, and are tough. Polyurethane resin coatings are preferred in various applications worldwide, owing to these properties. Polyurethane resin-based coatings are also used across various applications, such as architectural, CSP solar panels decorative mirror, and others. Polyurethane resins are used as topcoats in mirror coatings which are usually applied over the primer to attain a long-term protective coating. 

Based on technology, the nano coatings segment of the mirror coatings market is expected to grow at the highest CAGR during the forecast period

The nano coatings segment is projected to witness high growth in the next five years. The growing CSP solar power industry is expected to boost the nano coatings segment during the forecast period. Nano coatings protect substrates from corrosion, rusting, and microbial attack. These coatings are dirt or water repellent, scratchproof, temperature-resistant, and emit low VOC emissions. 

The mirror coatings market in Asia Pacific is projected to grow at the highest CAGR during the forecast period

The mirror coatings market in Asia Pacific is expected to grow at the highest CAGR during the forecast period, due to the rising demand for mirror coatings from emerging economies, such as India, China, South Korea, Vietnam, Taiwan, and Singapore in this region. China is the leading market for mirror coatings in APAC. The growth of various applications, such as architectural, automotive & transportation, and CSP solar power is driving the mirror coatings market in China. 

Arkema (France), Fenzi (Italy), Ferro Corporation (US), Sherwin-Williams Company (US), Vitro Architectural Glass (Mexico), Sunguard (Guardian Glass) (US), Diamon-Fusion International (US), Pearl Nano (US) Mader (France), Tianjin Xin Lihua Color Materials (China), High Ding Industrial (Grincoat) (Taiwan), and Casix (China) are some of the key players operating in the mirror coatings market.

Marine Coatings Market worth 5.29 Billion USD by 2022

The report "Marine Coatings Market by Resin (Epoxy, Alkyd, Polyurethane, Acrylic, Polyester, and Fluoropolymer), Product Type (Anti-corrosion Coating, Antifouling Coating), Applications (Cargo Ship, Passenger Ship, Boat), and Region - Global Forecast to 2022", The marine coatings market is projected to grow from USD 4.45 Billion in 2017 to USD 5.29 Billion by 2022, at a CAGR of 3.50% during the forecast period from 2017 to 2022.

Increasing demand for marine coatings from the shipbuilding industry in emerging economies such as China, India, and Brazil, is expected to fuel the growth of the marine coatings market across the globe.

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Among resins, the polyurethane segment of the marine coatings market is projected to grow at the highest CAGR during the forecast period, in terms of value.

Among resins, the polyurethane segment of the marine coatings market is projected to grow at the highest CAGR from 2017 to 2022, in terms of value. Polyurethane resins are versatile and environment-friendly. They are available with different degrees of rigidity and solid content. Polyurethane resins offer superior properties such as high corrosion resistance, abrasion resistance, impact strength, and low-temperature flexibility, which make them suitable for various marine coating applications.

Among applications, the cargo ships segment accounted for the largest share of the marine coatings market in 2016, in terms of value.

Based on application, the cargo ships segment accounted for the largest share of the marine coatings market in 2016, in terms of value. The cargo ships are specifically structured to carry large quantities of cargoes compressed in different types of containers. In addition, the cost of transportation through water is substantially lesser as compared to other modes of transportation. These factors are expected to increase the demand for cargo ships, thereby leading to increased demand for marine coatings.

The Asia Pacific marine coatings market is projected to grow at the highest CAGR during the forecast period, in terms of value.

The marine coatings market has been studied in North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific marine coatings market is projected to grow at the highest CAGR during the forecast period, in terms of value. The growth of the market in the Asia Pacific region can be attributed to increased demand for marine coatings from various countries such as China, India, and South Korea. Various countries of the Asia Pacific region have expanded their ship manufacturing base, which, in turn, has led to the growth of the Asia Pacific marine coatings market.

Key players operating in the marine coatings market include PPG Industries (US), AkzoNobel (Netherlands), Hempel (Denmark), Sherwin-Williams (US), Jotun (Norway), Chugoku Marine Paints (Japan), Nippon Paint (Japan), Kansai Paint (Japan), Axalta (US), and BASF Coatings (Germany).

Flat Glass Coatings Market worth 2,789.6 Million USD at a CAGR of 20.99% by 2022

The report "Flat Glass Coatings Market by Resin Type (Polyurethane, Epoxy, Acrylic), Technology (Solvent and Water-Based, Nano Coatings), Application (Mirror, Solar Power, Architectural, Automotive & Transportation, Decorative), and Region - Global Forecast to 2022", is estimated to be USD 1,075.8 Million in 2017 and is projected to grow at a CAGR of 20.99% between 2017 and 2022 to reach USD 2,789.6 Million by 2022, in terms of value. Coatings in flat glass are used to enhance the water-repellent ability (automobile glass, spectacle lenses, and shower walls) as well as thermal, UV protection, heat protection, shatter protection, graffiti protection, dust protection, and optical performance characteristics of the flat glass. The various applications of flat glass coatings include mirror, solar power, architectural, automotive & transportation, decorative, and electronics & appliances. Growth in application industries, especially in Asia Pacific, is driving the global flat glass coatings market.

Based on resin type, the polyurethane segment led the flat glass coatings market in 2016 and is also expected to grow at the highest CAGR during the forecast period

Polyurethane resins are made from reacting polyalcohol and organic di-isocyanate. Polyurethane resin-based coatings possess properties such as high durability, toughness, and high gloss and are easy to clean. Owing to these properties, they are used in various applications worldwide. Polyurethane resin-based coatings are also used where high performance is expected, such as greenhouse buildings, solar panels, and space shuttles. Polyurethane resins are used in industrial and architectural coating systems as topcoats and are usually applied over primer to attain a long-term protective coating.

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Based on technology, the nano coatings segment of the flat glass coatings market is expected to grow at the highest CAGR during the forecast period

The nano coatings market has been growing significantly globally during the past few years and is projected to display higher growth rates in the next five years. The growing automotive and electronics industries are expected to boost the nano coatings market during the forecast period. Growth in the coatings sector coupled with rising demand and urbanization in BRIC countries has been driving the global nano coatings market in the past few years. Increasing preference for advanced materials in the automotive industry has led to a surge in nanotechnology R&D, which, in turn, is expected to boost the nano coatings market growth.

The Asia Pacific flat glass coatings market is projected to grow at the highest CAGR during the forecast period

The flat glass coatings market in Asia Pacific is expected to witness the highest CAGR during the forecast period due to the rising demand for flat glass coatings from the region’s emerging economies, such as India, China, South Korea, Vietnam, Taiwan, and Singapore. Solar power installation has increased the consumption of flat glasses and mirror coatings in this region. Factors such as improving standards of living and rising per capita incomes have also contributed to the growth of the Asia Pacific flat glass coatings market.

Arkema (France), FENZI (Italy), Ferro Corporation (US), Sherwin-Williams Company (US), Vitro Architectural Glass (Mexico), NIPPONPAINT (Japan), SunGuard (Guardian Glass) (US), Hesse (Germany), DIAMON-FUSION INTERNATIONAL (US), and Tribos Coatings (International) Ltd. (UK) are some of the key players operating in the flat glass coatings market.