Abrasion Resistant Coatings Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Abrasion resistant coatings are generally applied on surfaces to avoid the chances of abrasion mainly caused due to climatic changes. The chemicals or ingredients used primarily in the coatings include aluminum oxide ceramics, tungsten carbide, chrome oxide ceramics, and others. Abrasion resistant coatings minimize the effect of friction on the outer surface of metal parts. Other benefits of abrasion resistant coatings include cost-effectiveness, the improved lifespan of the equipment, reduced maintenance cost, and enhanced performance. Due to the benefits offered, these coatings are used across end-users such as automotive, energy, housewares, textiles, and others.

MARKET DYNAMICS

The abrasion resistant coatings market is anticipated to grow during the forecast period owing to the rising demand for polymer-based coatings and the increasing need for ceramic-based coatings. However, the high manufacturing cost of abrasion resistant coatings is expected to limit the growth of the abrasion resistant coatings market. On the other hand, increasing demand for environmentally friendly coatings is likely to showcase growth opportunities for the market during the forecast period.

MARKET SCOPE

The "Global Abrasion Resistant Coatings Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of abrasion resistant coatings market with detailed market segmentation by type, end user industry and geography. The global abrasion resistant coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading abrasion resistant coatings market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global abrasion resistant coatings market is segmented on the basis of type and end user industry. Based on type, the market is segmented as metal/ceramic coatings and polymer coatings. On the basis of end user industry, the market is segmented as, construction, marine, mining, oil and gas, power generation, transportation, and other end user industries.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global abrasion resistant coatings market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The abrasion resistant coatings market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting abrasion resistant coatings market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the abrasion resistant coatings market in these regions.

MARKET PLAYERS

The reports cover key developments in the abrasion resistant coatings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from abrasion resistant coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for abrasion resistant coatings market in the global market. Below mentioned is the list of few companies engaged in the abrasion resistant coatings market.

The report also includes the profiles of abrasion resistant coatings market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•  Akzo Nobel N.V.
•  Axalta Coating Systems
•  Hardide Coatings
•  Hempel A/S
•  Jotun
•  PPG Industries, Inc.
•  Praxair S.T. Technology, Inc.
•  Saint-Gobain
•  Sika
•  The Sherwin-Williams Company

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Abrasion Resistant Coatings Report Scope