Industry Background:
Glass flakes are transparent and inert material used in coatings to provide a protective shield to the product. It protects equipment and products from corrosion and any chemical attacks which increases its lifespan and performance. The growing use of glass flakes into the oil & gas and marine industry to provide resistance, efficiency and Flexibility is rising the market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | AkzoNobel (Netherlands), Jotun (Norway), Sherwin-Williams (United States), Nippon Sheet Glass Co. Ltd (Japan), Hempel Group (Denmark), Chugoku Marine (Japan), KKC Corporation (South Korea), Chemiprotect Engineers (India), Winn Coales Ltd (United Kingdom) and Yung Chi Paint & Varnish Manufacturing Co. (Taiwan) |
According to AMA, the market for Glass Flake is expected to register a CAGR of 5.0% during the forecast period to 2030. This growth is primarily driven by Increasing Oil and Chemical Industry is Increasing the Demand for Glass Flake Coatings and Growing Need for Anti Corrosive Coatings and Paints in Manufacturing Industries.
Globally, a noticeable market trend is evident Expansion of Glass Flakes Market in Ship Building Industry Major Manufacturers, such as AkzoNobel (Netherlands), Jotun (Norway), Sherwin-Williams (United States), Nippon Sheet Glass Co. Ltd (Japan), Hempel Group (Denmark), Chugoku Marine (Japan), KKC Corporation (South Korea), Chemiprotect Engineers (India), Winn Coales Ltd (United Kingdom) and Yung Chi Paint & Varnish Manufacturing Co. (Taiwan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies.
Key Developments in the Market:
In October 2022, Applied Graphene Materials (AGM) introduced its next-generation Gen2 Agraphene nanoplatelets, featuring enhanced thermal conductivity for heat management applications.
Influencing Trend:
Expansion of Glass Flakes Market in Ship Building Industry
Market Growth Drivers:
Increasing Oil and Chemical Industry is Increasing the Demand for Glass Flake Coatings and Growing Need for Anti Corrosive Coatings and Paints in Manufacturing Industries
Challenges:
Lack of Necessary Technology and Resources and Stringent Regulations Regarding Petrochemical Industry
Restraints:
Slow Growth of Petrochemical Industry may Hinder the Market Growth
Opportunities:
Improvement in Technology used in Manufacturing of Glass Flakes and Increasing Extensive Research and Development
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Glass Flake Market
- Analysis about New Entrants in Glass Flake Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Glass Flake Study Sheds Light on
The Glass Flake Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Glass Flake industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Glass Flake industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.