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Abrasion Resistant Coatings Market (Type - Metal, Ceramic, and Polymer; End-use - Oil and Gas, Marine, Power Generation, Transportation, Construction, Mining, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

  • Published : May, 2022

  • Rep Id : CM00904

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on the abrasion resistant coatings market provides in-depth analysis of segments and sub-segments in the global as well as regional abrasion resistant coatings market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional abrasion resistant coatings market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global abrasion resistant coatings market. According to the report, the global abrasion resistant coatings market is projected to grow at a CAGR of 5.50% over the forecast period of 2022-2028.

 

Market Insight

The global abrasion resistant coatings market was sized from USD 9.0 billion in 2022 to about USD 12.5 billion in 2028. The global abrasion resistant coatings market is projected to grow with a CAGR of 5.50% during 2022-2028. Abrasion resistant coatings are generally used in the power generation sector in wind turbine blades, concrete cooling towers, valves, containment vessels, nuclear components, generators, dam structures, and turbines. Abrasion resistant coatings are utilized to reduce or completely eradicate the surface wear, primarily in application areas unsuitable for lubricants. Hence, such layers are used mainly in the power generation sector to protect against the adverse effects of weather conditions. For instance, abrasion resistant coatings are used in the wind industry to increase the operability of the blades by 20 years compared to traditional paints and gel coats. Furthermore, abrasion resistant coatings improve UV stability, minimize dirt pick up, and offer excellent abrasion resistance and low reflectivity.

 

Abrasion resistant coatings found various applications in different end-use sectors like oil & gas, marine, transportation, power generation, infrastructure, industrial, and others. The end-use sectors are proliferating into the emerging economies across the globe, which is expected to propel the abrasion resistant coatings market over the forecast period. Furthermore, abrasion resistant coatings are also used for interior and exterior applications and provide effective functioning and long life for the tools and equipment. This is also an essential factor anticipated to drive markets’ growth. Moreover, the increasing need for superior quality ceramic-based coating in rising economies drives the market’s growth. However, the high cost of implementation and environmental & safety concerns hamper the development of the abrasion resistant coatings market. Nevertheless, increasing the adoption of renewable energy sources is anticipated to offer ample growth opportunities to the market.

 

North America is expected to dominate the abrasion resistant coatings market in terms of values and volume. The growth in the region is attributed to the presence of a large number of product manufacturers in the area. The expanding industrial sector in the North American region is also anticipated to fuel the market’s growth over the forecast period. Furthermore, Europe is the second-largest region in the abrasion resistant coatings market due to the region’s transportation, reconstruction, and power generation industries. Germany, the UK, France, and Russia are the major contributor nations in the European market. Moreover, the Asia Pacific abrasion resistant coatings market is rapidly growing due to the rapid industrialization and urbanization in the region. The growth

 

Segment Covered

The report on the global abrasion resistant coatings market covers segments such as type and end-use. On the basis of type, the sub-markets include metal, ceramic, and polymer. On the basis of end-use, the sub-markets include oil and gas, marine, power generation, transportation, construction, mining, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Akzo Nobel NV, Saint-Gobain, Jotun A/S, The Sherwin-Williams Company, Hempel A/S, Praxair Surface Technologies Inc., PPG Industries, Evonik Industries, Sika AG, and Arkema SA.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of abrasion resistant coatings market. Moreover, the study highlights current market trends and provides forecast from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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