Global Composite Coatings Market, By Resin Type (Polyester, Polyamide, Epoxy and Others), Applications (Anti-Corrosion, Thermal Protection, UV Protection and Other Applications), Techniques (Brazing, Electroless Plating, Laser Melt Injection and Other Techniques), End Users (Aerospace and Defence, Industrial, Medical, Food Industry, Oil and Gas, Transportation and Other End Users), 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 Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the composite coatings market will witness a CAGR of 7.23% for the forecast period of 2021-2028. Increasing demand and production of composite packaging materials, growing use of composite coatings by a wide range of end user verticals such as marine, aerospace and defence, industrial, medical, food industry, oil and gas, transportation, and other end users and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the composite coatings market.
Composite coatings act as thermal barriers or intumescent layers providing high durability and corrosion resistance properties. Composite coatings are the protective layers applied to a wide variety of substrates. This is done with the help of laser melt injection, brazing, and other technologies. This is done owing to the protective properties offered by resistance coatings such as waterproofing, protection against fire, heat, corrosion, and harmful radiations. Composite coatings are light in weight and have uniform coating thickness and consistency.
Rise in demand by the packaging industry coupled with increased focus on the technological advancements in high-tech installations is the root cause fuelling up the composite coatings market growth rate. Rising industrialization coupled with growing demand by steel industry owing to its anti-corrosive properties will also directly and positively impact the growth rate of the composite coatings market. Growth and expansion of manufacturing industry coupled with surge in the building and construction activities especially in the developing economies will further carve the way for the growth of the composite coatings market.
However, high costs associated with the manufacturing process will pose a major challenge to the growth of the composite coatings market. Slow growth rate of the end user verticals owing to the recent pandemic will dampen the composite coatings market growth rate. Fluctuations in the prices of raw materials will further derail the composite coatings market growth rate.
This composite coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 blowing agents 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 Composite Coatings Market Scope and Market Size
The composite coatings market is segmented on the basis of resin type, applications, techniques, and end user. 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 market.
- On the basis of resin type, the composite coatings market is segmented into polyester, polyamide, epoxy, and others.
- On the basis of applications, the composite coatings market is segmented into anti-corrosion, thermal protection, UV protection and other applications.
- On the basis of techniques, the composite coatings market is segmented into brazing, electroless plating, laser melt injection, and other techniques. Other techniques segment is sub-segmented into electrochemical and laser cladding.
- On the basis of end user, the composite coatings market is segmented into aerospace and defence, industrial, medical, food industry, oil and gas, transportation, and other end users. Industrial segment is sub-segmented into medical and food industry. Other end users segment is sub-segmented into marine and wine sector.
Composite Coatings Market Country Level Analysis
The composite coatings market is analysed, and market size, volume information is provided by country, resin type, applications, techniques and end user referenced above.
The countries covered in the composite coatings market report are 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 (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the composite coatings market and will continue to flourish its dominance during the forecast period owing to the increasing application by application of aerospace and defense industry. Asia-Pacific will, however register the highest CAGR for this period owing to the growth and expansion of various end user verticals in this region, rising industrialization and growth in the number of transportation vehicles.
The country section of the composite coatings market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Composite Coatings Market Share Analysis
The composite coatings market competitive landscape provides details by 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 composite coatings market.
The major players covered in the composite coatings market report are Akzo Nobel N.V., PPG Industries, Inc., The Sherwin-Williams Company, RPM International Inc., AZTRON TECHNOLOGIES, LLC, Axalta Coating Systems, Mäder, A.W. Chesterton Company., KC Jones Plating Company., OM Sangyo Co., Ltd., Poeton, Endura Coatings, Twin City Plating, Nickel Composite Coatings, Inc., SURTECKARIYA Co., Ltd., Sharretts Plating Company, Integer Holdings Corporation, Interplate LTD, Composite Coatings, Inc. and Hunger International GmbH among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.