The composite coatings market is projected
to register a CAGR of 7.7% during the forecast period
The composite
coatings market is projected to reach USD 1,306.8 million
by 2022, at a CAGR of 7.7% from 2017 to 2022.
The major drivers stimulating the composite coatings market are, increasing
demand for composite coatings for anti-corrosion and self-lubrication in the transportation and
anti-corrosion and chemical resistance in the oil & gas industry. The
high production cost is a factor restraining the composite coatings market.
Transportation is the fastest-growing segment
in the composite coatings market.
Transportation is the fastest growing application
market of composite coatings between 2017 and 2022, as the use of these
advanced coatings provides greater rigidity and a self-lubrication in comparison
to other coatings. Composite coatings offer corrosion resistance, operational
& dimensional stability at high temperatures, and self-lubrication, thus
leading to increasing usage in the transportation end-use industry.
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North America is the fastest-growing
market for composite coatings
North America is expected to be the fastest-growing
market for composite coatings from 2017 to 2022. The major factors that are
expected to contribute to this growth are the increasing demand for
composite coatings from the transportation,
aerospace & defense, and oil & gas end-use industries. Increasing
demand for composite coatings for anti-corrosion and self-lubrication in the transportation and
anti-corrosion and chemical resistance in the oil & gas industry are
some of the factors driving the
demand for composite coatings in the North American region.
This study has been validated through primaries
conducted with various industry experts, globally. These primary sources have
been divided into the following three categories:
- By company type- Tier 1- 35%, Tier 2-
25%, and Tier 3- 40%
- By designation- C Level- 30%,
Director Level- 25%, and Others- 45%
- By region- North America- 30%, Asia-Pacific-
30%, Europe- 25%, Middle East & Africa-10%, and Latin America-5%
The report
provides a comprehensive analysis of the companies listed below:
·
PPG Industries, Inc.
(U.S.),
·
Axalta Coating
Systems, LLC (U.S.)
·
Mader Group (France)
·
A.W. Chesterton
Company (U.S.)
·
K C Jones Plating
Company (U.S.)
·
Om Sangyo Co. Ltd.
(Japan)
·
Endura Coatings
(U.S.)
·
Twin City Plating
(U.S.)
·
Aztron Technologies
LLC (U.S.)
·
Nickel Composite
Coating Inc. (U.S.)
·
Surteckariya Co.
Ltd. (Japan)
Research Coverage
This report covers the global composite coatings market
and forecasts the market size until 2022. The report includes the market
segmentation by technique (laser melt injection, brazing, electroless plating,
and others), by application (anti-corrosion, UV protection, thermal protection,
and others), end-use industries (aerospace & defense, transportation, oil
& gas, industrial, and others) and region (North America, Europe,
Asia-Pacific, Middle East & Africa, and Latin America). Porter’s five forces
analysis along with the drivers, restraints, opportunities and challenges have also
been discussed in the report. In addition it provides company profiles and
competitive strategies adopted by the major market players in the global composite
coatings market.
Reasons
to buy the report:
The report
will help market leaders/new entrants in this market in the following ways:
1.
This report
segments the global composite coatings market
comprehensively and provides the closest approximations of the revenues for the
overall market and the subsegments across different verticals and regions.
2.
The report
helps stakeholders understand the pulse of the market and provides them
information on key market drivers, restraints, challenges, and opportunities.
3.
This report
will help stakeholders better understand competitors and gain more insights to
better their positions in their businesses. The competitive landscape section
includes the competitor ecosystem, new product launches, agreements, expansions,
and mergers & acquisitions.
