Glass Flake Coatings Market worth 1.80 Billion USD by 2022

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Glass Flake Coatings Market worth 1.80 Billion
USD by 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. 
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Introduction

1. Glass flake coatings are advanced coatings with
   improved corrosion and abrasion resistance, and
   strong impermeability barrier resistance for
   chemicals and solvents.
2. 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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Key Participants
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).
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On The Basis Of 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
Pacificparticularly by China, South Korea, and
Japan due to the presence of the top five
shipbuilding groups in the region.
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