According to the Composite Coatings market is expected to grow from $786.54 million in 2016 to reach $1,429.43 million by 2023 with a CAGR of 8.9%. Composite coatings in the industry is showing its vast applications across verticals, the properties are providing opportunity for the market. The anti-corrosion and self-lubrication are some of the properties used in transportation and oil & gas industry, these are fueling the market. Moreover, industrial growth coupled with development in technology is expected to boost the market size revenue.
End user market is subjected to various segments among which transportation holds the largest revenue share, owing to its uniform coating thicckness, consistency and stiffness compared to powder coatings. Anti-corrosion segment in application is estimated to uphold the market due to its varied applications across verticals. North American market is expected to grow at significant CAGR, attributing to demand for composite coatings across regions in transportation, oil & gas and aerospace & defence.
Some of the key players in the Composite Coatings market include A.W. Chesterton Company, Axalta Coating Systems, LLC, Aztron Technologies, LLC, Composite Coating Inc., Endura Coatings, Interpalte Ltd., KC Jones Plating Company, Mader Group, Nickel Composite Coatings, Inc., OM Sangyo Co., Ltd., Poeton Industries Ltd., PPG Industries, Inc., Surteckariya Co., Ltd., Twin City Plating and Walter Hunger GmbH & Co. Kg
Applications Covered:
Anti-Corrosion
Thermal Protection
UV Protection
Other Applications
End Users Covered:
Aerospace and Defense
Industrial
o Medical
o Food Industry
Oil & Gas
Transportation
Other End-Users
o Marine
o Wind Sector
Techniques Covered
Brazing
Electroless Plating
Laser Melt Injection
Other Techniques
o Electrochemical
o Laser Cladding
Regions Covered:
North America
o US
o Canada
o Mexico
Europe
o Germany
o U.K
o Italy
o France
o Spain
o Rest of Europe
Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
South America
o Argentina
o Brazil
o Chile
o Rest of South America
Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
Market Reports World is the Credible Source for Gaining the Market Reports that will Provide you with the Lead Your Business Needs. Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today’s businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors.
