Abrasion Resistant Coatings Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Report Code: ZMR-4646 | Report Format : | Status : Upcoming |

Abstract

Global Abrasion Resistant Coatings Market: Overview

Abrasion resistant coatings offer safety to the objects from corrosion. Increasing requirement for superior quality ceramic-based coatings, growing demand, and popularity for high-temperature polymer-based coatings, and expanding economies propel the growth of the global abrasion resistant coatings market. Abrasion resistant coatings are extensively used in the sectors such as power generation, marine, automotive, infrastructure, and oil and gas.

Global Abrasion Resistant Coatings Market: Growth Factors

The global abrasion resistant coatings market is likely to witness steady development over the years, owing to its wide usage in various end-user industries. Abrasion resistant coatings are mostly utilized for eradicating or minimizing surface wear. These coatings are mostly utilized in areas where lubricants cannot be utilized. Greases and lubricants do not work out well in radioactive, high-temperature, and at high operating time environments. The main purpose of abrasion resistant coatings is to expand the shelf-life of an item. Oil & gas tools are subjected to erosion and wear due to the operating environment conditions. Abrasion resistant coatings are also utilized for interior and exterior applications for efficient functioning & longer life of the equipment and tools. Hence these factors are expected to drive the global abrasion resistant coatings market in the coming future.

Global Abrasion Resistant Coatings Market: Segmentation

The global abrasion resistant coatings market is categorized based on application, product, and region. The product segment of the market is bifurcated into polymer-based and metal or ceramic-based. The metal/ceramic division is further divided into carbide, consideration oxide, and nitride coatings. While the polymer-based division includes polyurethane, epoxy, polyester, and fluoropolymer-based products. The increasing demand and popularity for low-VOC & eco-friendly solutions is likely to lead to increased usage of oxide coatings, due to their better chemical resistance as well as wear attributes.

 Applications of abrasion resistant coatings are marine, oil & gas, power generation, transportation, infrastructure, and industrial. The expansion of end-use industries such as transportation, oil & gas, power generation, and marine, majorly in the developing economies across the world, is projected to create market opportunities to a great extent.

Global Abrasion Resistant Coatings Market: Regional Analysis

North America is likely to dominate the global abrasion resistant coatings market in terms of volume as well as value due to the existence of major industry market players in the province. The Asia Pacific is projected to be the rapidly developing region mainly due to the development of the end-use industries. Another factor supporting the market expansion is the regulatory policies predominant in countries such as Europe and North America; thereby it is expected to propel the market growth in Mexico, Canada, the U.S., UK, Germany, France, and other nations.

Global Abrasion Resistant Coatings Market: Competitive Players

Few of the main participants in abrasion resistant coatings market are Saint Gobain, AkzoNobel NV, Jotun A/S, Hempel A/S, Praxair Surface Technologies Inc., The Sherwin Williams Company, Hardide Plc, PPG Industries, Bodycote Group, Evonik Industries, Arkema S.A., and Sika AG.

Global Abrasion Resistant Coatings Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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