Global Glass Flake Coatings Market to Reach $1.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Glass Flake Coatings estimated at US$1.5 Billion in the year 2020, is projected to reach a revised size of US$1.9 Billion by 2027, growing at a CAGR of 3% over the analysis period 2020-2027. Epoxy, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$886.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Vinyl Ester segment is readjusted to a revised 2.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $407.6 Million, While China is Forecast to Grow at 5.6% CAGR
The Glass Flake Coatings market in the U.S. is estimated at US$407.6 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$383.7 Million by the year 2027 trailing a CAGR of 5.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.
Polyester Segment to Record 2.3% CAGR
In the global Polyester segment, USA, Canada, Japan, China and Europe will drive the 1.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$259.1 Million in the year 2020 will reach a projected size of US$296.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$257 Million by the year 2027, while Latin America will expand at a 3.1% CAGR through the analysis period.
Select Competitors (Total 42 Featured):
Amid the COVID-19 crisis, the global market for Glass Flake Coatings estimated at US$1.5 Billion in the year 2020, is projected to reach a revised size of US$1.9 Billion by 2027, growing at a CAGR of 3% over the analysis period 2020-2027. Epoxy, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$886.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Vinyl Ester segment is readjusted to a revised 2.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $407.6 Million, While China is Forecast to Grow at 5.6% CAGR
The Glass Flake Coatings market in the U.S. is estimated at US$407.6 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$383.7 Million by the year 2027 trailing a CAGR of 5.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.
Polyester Segment to Record 2.3% CAGR
In the global Polyester segment, USA, Canada, Japan, China and Europe will drive the 1.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$259.1 Million in the year 2020 will reach a projected size of US$296.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$257 Million by the year 2027, while Latin America will expand at a 3.1% CAGR through the analysis period.
Select Competitors (Total 42 Featured):
- Akzo Nobel NV
- BASF SE
- Berger Paints India Ltd.
- Chemiprotect Engineers
- Clean Coats P. Ltd.
- Corrosioneering Group
- Demech Chemical Products Pvt. Ltd.
- Grauer & Weil (India) Ltd.
- Hempel A/S
- Kansai Paint Co., Ltd.
- KCC Corporation
- National Paints Factories Co. Ltd.
- Nippon Paint Co., Ltd.
- PPG Industries, Inc.
- RPM International, Inc.
- Samhwa Paint Industrial Co Ltd.
- Shalimar Paints Limited
- SK Kaken Co., Ltd.
- Specialized Coating Systems (Pty)Ltd.
- The Sherwin-Williams Company
- Winn & Coales (Denso) Ltd.
- Yung Chi Paint & Varnish
Note: Product cover images may vary from those shown
I. METHODOLOGY
II. EXECUTIVE SUMMARY
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- World Market Trajectories
- A Prelude into Glass Flake Coatings Market
- Impact of Covid-19 and a Looming Global Recession
- A Prelude into Leading Market Players
- Increased Need to Improve Lifespan and Performance of Devices to Boost Market Demand
- North American Region to Lead the Global Market Share during the Forecast Period
- Epoxy Segment Leads in Terms of Market Value Contribution
- Oil & Gas to Occupy Highest Market Share in the Glass Flake Coatings Market during the Analysis Period
- Application in Wide Range of Areas Drive Market Growth
- Shipbuilding Industry is expected to Contribute Increased Market Gains during Analysis Period
- New Shipbuilding and Pipeline Construction Projects to Spur Market Growth
- Product Introductions
- AkzoNobel Introduces New High Build Glass Flake Epoxy
- Active Players in United States
- Active Players in Canada
- Active Players in Japan
- Active Players in China
- Active Players in France
- Active Players in Germany
- Active Players in Italy
- Active Players in United Kingdom
- Active Players in Spain
- Active Players in Russia
- Active Players in Rest of Europe
- Active Players in Australia
- Active Players in India
- Active Players in South Korea
- Active Players in Rest of Asia-Pacific
- Active Players in Argentina
- Active Players in Brazil
- Active Players in Mexico
- Active Players in Rest of Latin America
- Active Players in Iran
- Active Players in Israel
- Active Players in Saudi Arabia
- Active Players in United Arab Emirates
- Active Players in Rest of Middle East
- Active Players in Africa
- Total Companies Profiled: 42
Note: Product cover images may vary from those shown
