Global Abrasion Resistant Coatings Market is expected to grow from USD 7.05 Billion in 2019 to USD XX Billion by 2027, at a CAGR of XX % between 2019 and 2027.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Abrasion resistant coatings ensure that the object is safe from corrosion during repeated use. Rising demand for high temperature polymer-based coatings, growing demand from rising economies and superior qualities requirements of ceramic based coatings, high demand from industrial sector, coupled with increasing demand for high performance coatings are the major factors driving the abrasion resistant coatings market. However, High capital investment and environmental & safety concerns, along with slow growth in industrial and infrastructure sectors in Europe is restraining the market growth.
Metal/ceramic abrasion resistant coatings segment is estimated to be the fastest-growing segment in the abrasion resistant coatings market. Rising demands for abrasion resistant coatings with excellent chemical and corrosion resistant properties drive this segment in the abrasion resistant coatings market. Ceramic coatings are inert to acid and alkali actions and, therefore, are very tough in nature. Oxide ceramic coatings are electrically insulated and applied on substrates using thermal spray technique to protect from abrasion and corrosion.
Scope of the Global Abrasion Resistant Coatings Market Report:
Global Abrasion Resistant Coatings Market, By Type:
• Metal/ Ceramic Based Coatings
• Polymer Based Coatings
Global Abrasion Resistant Coatings Market, By Application:
• Oil & Gas
• Power Generation
Global Abrasion Resistant Coatings Market, By Geography:
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players in the Global Abrasion Resistant Coatings Market:
• Jotun A/S
• Hempel A/S
• The Sherwin-Williams Company
• Sika AG
• Hardide PLC
• Praxair Surface Technologies, Inc.
• PPG Industries
• The Bodycote Group
• Evonik Industries
• Arkema Sa
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