Glass Flake Coatings Industry size is expected to register 4.6% CAGR between 2024 and 2032 propelled by increasing demand for corrosion-resistant coatings.
Selbyville, Delaware , Sept. 09, 2024 (GLOBE NEWSWIRE) — Glass Flake Coatings Market is projected to cross USD 4.09 billion by 2032, as per a recent study by Global Market Insights Inc.
Increasing demand for corrosion protection and a focus on longevity and maintenance reduction will propel industry growth over 2024–2032. Industries such as marine, automotive, and industrial infrastructure require advanced coatings to combat corrosion and extend the lifespan of their assets. Glass flake coatings, known for their superior resistance to corrosion and durability, meet these needs effectively. Their ability to reduce maintenance costs and enhance the longevity of protective layers aligns with the growing emphasis on cost-efficient and long-lasting solutions, driving market growth.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/8622
For instance, in June 2022, AkzoNobel’s Marine Coatings introduced the upgraded International Interzone® 945GF, offering superior damage protection and potentially saving up to $1.5 million in total cost of ownership over 15 years compared to standard epoxy coatings. The enhanced product offers superior damage protection and significant cost savings, highlighting the growing demand for high-performance coatings. This development underscores the trend towards more effective and economically advantageous solutions in the industry, likely stimulating market growth and intensifying competition. The focus on long-term cost efficiency and durability aligns with the increasing industry emphasis on value and performance in protective coatings.
Polyester to garner a modest valuation
Glass flake coatings market from polyester segment will secure considerable market share between 2024 and 2032, attributed to its superior durability, chemical resistance, and cost-effectiveness. Polyester-based glass flake coatings offer excellent performance in protecting surfaces from corrosion and wear, making them highly suitable for industrial applications such as marine, automotive, and construction. Their ability to provide a long-lasting protective layer while being economically viable drives their widespread adoption. This combination of performance and affordability ensures the polyester segment’s leading position in the market.
Chemical to secure noteworthy gains
Glass flake coatings market size from chemical segment will experience marked growth by 2032, owing to its extensive use in protecting industrial surfaces from corrosion and chemical damage. Glass flake coatings provide exceptional durability and resistance in harsh chemical environments, making them ideal for the chemical processing industry. The segment’s growth is driven by the increasing need for high-performance coatings to extend equipment lifespans and ensure operational safety. This demand for reliable, long-lasting protective solutions solidifies the chemical segment’s dominant position in the market.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/8622
Europe to gain a substantial share
Europe glass flake coatings market will expand at a noteworthy market CAGR from 2024 to 2032, driven by the region’s strong industrial base and stringent regulatory standards for corrosion protection and durability. The increasing demand for high-performance coatings in industries such as automotive, marine, and construction drives the market. Europe’s advanced infrastructure and focus on innovation in protective coatings further enhance its market position. The region’s robust industrial practices and regulatory frameworks make it a central contributor to the market.
Glass Flake Coatings Market Players
Companies including Aashish Coating, BASF SE, Chemco International, Dulux Protective Coatings, Jotun A/S, KCC Corporation, PPG Industries, Shikoku Kaken Kogyo Co., Ltd., Berger Paints, AkzoNobel N.V., Chugoku Marine Paints, Ltd., Hempel A/S, Kansai Paints, Nippon Paints, and Sherwin Williams Company, are working in the market.
These companies are augmenting their share through strategic initiatives such as product innovation, technological advancements, and strategic partnerships. By developing new formulations with enhanced properties, like improved durability and chemical resistance, they cater to evolving industry needs. Additionally, these companies are investing in expanding their production capacities and entering emerging markets to reach a broader customer base. Collaborations with end-user industries and a focus on sustainability further boost their competitive edge, driving market growth.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
CONTACT: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: sales@gminsights.com
