Abrasion Resistant Coatings Market Report

Market Insights

Abrasion resistant coatings market is likely to witness an impressive CAGR of 6.2% during the forecast period. The prime factor that is contributing to the demand for abrasion resistant coatings is mainly the rapidly expanding industries such as power generation, oil & gas, and construction all over the world. Increasing demand for high temperature polymer-based coatings from the industrial sector, along with increasing demand for abrasion resistant coatings in the developing markets, and increasing demand for better quality ceramic-based coatings are the major growth drivers of the market.

Segments' Analysis

Wish to Get a Free Sample? Register here

Abrasion Resistant Coatings Market Share: By Product Type

Based on the product type, the market is segmented as metal/ceramic coatings and polymer coating. The metal/ceramic coatings segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. Metal/ceramic coatings offer excellent high-temperature resistance and abrasion resistance properties which make them the most preferred choice of coatings. Oxide coatings, carbide coatings, and nitride coatings are the further classification of ceramic-based abrasion resistant coatings.

Abrasion Resistant Coatings Market Share: By End-Use Industry Type

Based on the end-use industry type, the abrasion resistant coatings market is segmented as oil & gas, power generation, marine, transportation, mining, construction, and others. The power generation segment dominates the market, owing to its wide application in wind turbine blades, concrete cooling towers, valves, containment vessels, nuclear components, generators, dam structure, and turbines. Abrasion resistant coatings are extensively used in the power generation sector, as they offer protection against the adverse effects of weather conditions.

Abrasion Resistant Coatings Market Share: By Region

In terms of regions, Europe is estimated to be the largest market for abrasion resistant coatings during the forecast period, with Germany, France, the UK, and Russia being the major countries with lucrative growth opportunities. The growth of the region’s market is driven by the prospering oil & gas, marine, construction, and renewable power industries. The expanding shipbuilding industry in the region is also one of the core factors contributing to the increased demand for abrasion resistant coatings in this region.

Know which region offers best growth opportunities. Register here

Market Scope & Segmentation

Abrasion resistance coatings are the coatings applied over the equipment or product to prevent material loss from abrasion and wear. These coatings are widely used in various industries to reduce or eliminate abrasion and wear, and extend the lifetime of products and equipment. Abrasion resistance coatings are also used to strengthen mechanical properties of products such as hardness and toughness.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The abrasion resistant coatings market is segmented into the following categories. 

Abrasion Resistant Coatings Market Size, Share, & Forecast, by Product Type:

• Metal/Ceramic Coatings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Polymer Coatings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Abrasion Resistant Coatings Market Size, Share, & Forecast, by Form Type:

• Paste (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Liquid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Sprayers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Abrasion Resistant Coatings Market Size, Share, & Forecast, by End-Use Industry Type:

• Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Power Generation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Abrasion Resistant Coatings Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Want to know the most attractive market segments? Register here

Key Players

Some of the major abrasion resistant coating manufacturers are-

• Akzo Nobel N.V.
• The Sherwin-Williams Company
• Hempel A/S
• Jotun Group
• Sika AG
• Axalta Coating Systems
• Compagnie de Saint-Gobain S.A.
• Praxair Surface Technologies, Inc.
• PPG Industries, Inc.
• Hardide Plc.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by end-use industry type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com