The abrasion resistant coatings market size is estimated to reach USD 8.46 billion by 2021, at a CAGR of 6.3% between 2016 and 2021.
The metal/ceramic abrasion resistant coatings segment is estimated to be the fastest-growing type in the abrasion resistant coatings market. The 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.
In 2015, North-America dominated the abrasion resistant coatings market due to rapidly expanding marine and power generation industries. The Asia-Pacific region is projected to register the highest growth rate, both in terms of value and volume, owing to high demand from China and India. China is the second-largest market for abrasion resistant coatings, globally, with major demand coming from the oil & gas industry.
Growing innovation & development and rising demand in the industrial sector for novel and improved products are directly driving the rise in the use of abrasion resistant coatings. Significant growth and innovation, along with industry consolidations, are projected to entail a bright future for the market in the region.
Praxair Surface Technologies, Inc.
The Bodycote Group
The Sherwin-Williams Company
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Abrasion Resistant Coatings Market, By Type
8 Abrasion Resistant Coatings Market, By Application