Global Abrasion Resistant Coatings Market, 2014-2024
Abrasion resistant coatings are the superior coatings designed to avoid wearing and extend the life of equipment’s & parts under any condition. Abrasion occurs when friction wears, grinds or rubs away material from a part’s surface. Abrasion-resistant coatings act as a protective barrier to reduce friction, galling, seizing and other physical damages. Other benefits of this coating type include:
Improved performance, Reduced maintenance, cost saving and optimize need against the protection. These coatings are manufactured from varying raw materials including fluoropolymer composites, epoxy, polyphenylene sulfide, or PPS, partially fluorinated semi-crystalline polymer and ethylene tetrafluoroethylene, or ETFE and provide differing levels of performance and sustainability. The ingredients used in the coatings are tungsten carbide, chrome oxide ceramics, aluminum oxide ceramics etc.
Abrasion resistant coatings are broadly classified into metal/ceramic and polymer. The ceramic-based abrasion resistant coatings are categories as oxide, carbide, and nitride coatings. These coatings have excellent high-temperature and abrasion resistance. Ceramic coatings are costly and less life cycle as compare to polymer-based coating. Abrasion resistant coatings are employed to various end user industry including, oil & gas, marine, power generation, transportation, mining, construction, alternative energy, wastewater treatment, semiconductor, and chemical processing.
The global abrasion resistant coatings market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global abrasion resistant coatings market is growing at a fast pace and increasing its geographical footprint rapidly. The global abrasion resistant coatings market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.
The growth is comparatively higher in Europe region due the more aware about green energy solutions. In addition, expansion of renewable energy sector drives the abrasion resistant coatings market in this region. The major growth driver for abrasion resistant coatings market globally are due to high demand from end user industrial sector, emerging economies, and demand for the high-performance coatings.
Abrasion resistant coatings enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of abrasion resistant coatings market globally. The companies that lead global abrasion resistant coatings market are AkzoNobel N.V., Jotun A/S, The Sherwin-Williams Company, Hempel A/S, PPG Industries and others.
The research process includes the market segmentation of the global abrasion resistant coatings market, identifying the growth determinants of every market segment and market forecasts. The primary source from the supply side includes industry experts, CEOs, vice president, directors, and key executives of various industry players. The primary source from demand side includes marketing manager and experts from various application industries. Market Krystal held more than 40 interviews for this study, details of which are mentioned:
By company type:
Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)
North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)
Top level (40%), Operation level (20%), Mid-level (40%)
Contents of the report:
Insights on the global abrasion resistant coatings industry dynamics
Estimation of the present global abrasion resistant coatings market size in terms of value and volume
Global abrasion resistant coatings market breakup based on type and application.
Verified global abrasion resistant coatings market forecast for the next five years.
In depth analysis of the leading companies working across different nodes of global abrasion resistant coatings industry value chain.
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