Press release
Marine Industry Is Generating High Demand for Glass Flake Coatings: Fact.MR
Award-winning consulting firm Fact.MR's recent report on the glass flake coatings market forecasts a relatively modest outlook, with the market poised to reach nearly US$ 2 billion by 2031, expanding at a CAGR of 3% throughout the forecast period (2021 to 2031).The market registered significant incline in recent years, being valued at around US$ 1.4 billion in 2016. Growth prospects dipped significantly amid COVID-19, attributed to cessation of key industrial activities, being valued at just over US$ 1 billion in 2020. Fortunately, flattening infection curves have permitted resumption of industrial operations, expected to restore pre-pandemic level projections.
According to the International Chamber of Shipping, as of 2019, total value of annual world shipping trade reached over US$ 14 trillion. In volume terms, nearly 11 billion tons of goods are transported every year via shipping, representing around 1.5 tons per person, based on current global population levels.
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The report offers actionable and valuable market insights of Resin Glass Flake Coatings. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Resin Glass Flake Coatings across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Resin Glass Flake Coatings. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Resin Glass Flake Coatings
This newly published and insightful report sheds light on Market Insights of Resin Glass Flake Coatings, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Resin Glass Flake Coatings.
Key Takeaways from Market Study
• Epoxy glass flake coatings to remain most widely used, reaching around US$ 890 million by 2031
• Vinyl ester coatings to experience enhanced uptake, expanding at nearly 3% CAGR through 2031
• Polyester glass flake coatings poised to experience over 2% CAGR across the forecast period
• By end-use industry, marine grade glass flake coating demand to expand at around 5% CAGR
• By substrate, steel glass flake coatings to capture around 40% of total market share
• Demand for glass flake coatings in the U.S. to incline, being valued at over US$ 400 million in 2020
• The market in China to experience a CAGR of around 6% and reach nearly US$ 380 million amid uptake across vessel maintenance
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Competitive Landscape
Prominent glass flake coating manufacturers are reliant on a slew of expansion strategies, ranging from offering innovative products to forging strategic alliances or acquiring existing players within the market.
• Chemiprotect Engineers, for instance, offers a broad range of glass flake coating and lining systems which are 100% solid and manufactured from epoxy, polyester, vinyl ester, novalac vinyl ester, novalac epoxy and bisphonel.
• In January 2020, Corossioneering Group launched a new epoxy glass flake lining providing durable chemical protection in aggressive atmospheric conditions and immersed environments through its CORROCOAT subsidiary.
Key Market Segments Covered
Substrate
• Steel Glass Flake Coatings
• Concrete Glass Flake Coatings
Resin
• Epoxy Glass Flake Coatings
• Vinyl Ester Glass Flake Coatings
• Polyester Glass Flake Coatings
End-use Industry
• Glass Flake Coatings for Oil & Gas
• Glass Flake Coatings for Marine Industry
• Glass Flake Coatings for Chemical & Petrochemical Industry
• Glass Flake Coatings for Other End-Use Industries
Read More Trending Reports of Fact.MR- https://www.einpresswire.com/article/557298123/demand-for-independent-front-suspension-is-estimated-to-remain-high-owing-to-the-system-of-better-handling-stability
Report Benefits & Key Questions Answered
• Resin Glass Flake Coatings Company & brand share analysis: The report offers brand-share analysis on Resin Glass Flake Coatings to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
• Resin Glass Flake Coatings Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
• Resin Glass Flake Coatings Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
• Resin Glass Flake Coatings Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
• Resin Glass Flake Coatings Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
• Post COVID consumer spending on Resin Glass Flake Coatings: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Resin Glass Flake Coatings sales.
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