Global Abrasion Resistant Coatings Market, By Type (Metal/Ceramic Coatings and Polymer), End Use Industry (Oil & gas, Marine, Power Generation, Transportation, Mining and Construction), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Abrasion Resistant Coatings Market
The abrasion resistant coatings market is expected to witness market growth at a rate of 6.8% in the forecast period of 2021 to 2028 and is expected to reach USD 14,556.8 million by 2028. Data Bridge Market Research report on abrasion resistant coatings market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the need for high-temperature polymer abrasion resistant coatings is escalating the growth of abrasion resistant coatings market.
Coatings are mostly utilized to decrease or eliminate surface wear, most particularly in application areas that are not appropriate for lubricants. Such as, greases and lubricants cannot be utilized in high-temperature or radioactive environments and also where operating times are high. The coatings are created with the foremost objective of increasing the life of a product. Abrasion resistant coatings is utilized to lessen or eradicate surface wear, mostly in the application areas that are not appropriate for lubricants because of which it is utilized in various end-use industries.
Major factors that are expected to boost the growth of the abrasion resistant coatings market in the forecast are the implementation of Voc emission regulations. Furthermore, the excellent properties of ceramic coatings and the growing need for effectual processes and enhanced life of equipment and devices is further anticipated to propel the growth of the abrasion resistant coatings market. On the other hand, the capital-intensive operation for ceramic coatings is further projected to impede the growth of the abrasion resistant coatings market in the timeline period.
- In addition, rise in the installation of scrubbers in the marine industry will further boost the growth of the abrasion resistant coatings market in the coming years. However, the strict regulatory policies and local laws for pollution control might further challenge the growth of the abrasion resistant coatings market in the near future.
This abrasion resistant coatings market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the abrasion resistant coatings market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Abrasion Resistant Coatings Market Scope and Market Size
The abrasion resistant coatings market is segmented on the basis of type and end use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the abrasion resistant coatings market is segmented into metal/ceramic coatings and polymer.
- On the basis of end use industry, the abrasion resistant coatings market is segmented into oil & gas, marine, power generation, transportation, mining and construction.
Abrasion Resistant Coatings Market Country Level Analysis
The abrasion resistant coatings market is analyzed, and market size, volume information is provided by country, type and end use industry as referenced above.
The countries covered in the abrasion resistant coatings market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the abrasion resistant coatings market due to the rise in the attention on the generation of renewable energy. Furthermore, due to its various benefits to the usage of renewable energy, such as the decrease in the greenhouse gas emissions, the diversification of energy sources, and the decrease in reliance on fossil fuel markets especially oil and gas will further boost the growth of the abrasion resistant coatings market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth of the abrasion resistant coatings market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Abrasion Resistant Coatings Market Share Analysis
The abrasion resistant coatings market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the abrasion resistant coatings market.
The major players covered in the abrasion resistant coatings market report are Akzo Nobel N.V., Saint-Gobain, Jotun, The Sherwin-Williams Company, Hempel A/S, Praxair Technology, Inc., Henkel AG, Sika AG, Hardide Plc, Bodycote Group, PPG Industries, Inc., Arkema, Evonik Industries AG, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (M.E.A.), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.