Hard Coatings Market Major Manufacturers, Industry Chain Structure, New Project SWOT Analysis with Development Trends and Forecasts 2022
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Hard Coatings Market Market 2019 Hard Coatings Market Synopsis and Highlights, Key Findings, Major Companies Analysis and Forecast to 2023
Market Scenario: Hard coating, also known as hard coat anodizing or hard anodizing, is an electrochemical coating technique. This process involves anodization of sulfuric acid by using an electrolyte concentration, varying temperature, and electric current, which results in the hardened surface. The hard coatings find their uses in numerous applications starting from industrial coatings, tools, equipment, ball bearings, gear and pneumatic components to medical tools and equipment.
Apart from this, they are used in lenses coatings to make them scratch resistant and improve their durability. These types of coatings confer some important properties to the substrate material such as resistant to corrosion, wear & tear, heat, and electricity. Additionally, hard coatings offer low friction coefficient after lubrication. On account of these characteristic features of the product, the global hard coatings market is likely to register robust growth in the coming years. The global protective coatings market is growing at a healthy CAGR and is expected to reach nearly USD 23 billion by the end of 2023. This, in turn, is expected to fuel the demand for hard coatings during the review period. In the automotive industry, there is an increasing demand for lightweight vehicles with attractive shine with the added durability of metal components, which is expected to fuel demand for the hard coatings in coming years.
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Hard Coatings Market Market 2019
Key Players: Sulzer Ltd. (Switzerland), OC Oerlikon Corporation AG (Switzerland), CemeCon AG (Germany), IHI Ionbond AG (Switzerland), Momentive (U.S.), ZEISS International (Germany), ASB Industries, Inc. (the U.S), SDC Technologies (the U.S.), PLATIT AG All (Switzerland), and Hardcoatings, Inc. (U.S.), among others.
Intended Audience:
Hard coatings Manufacturers Traders and distributors of hard coatings Research and development institutes Potential investors Raw material suppliers
Nationalized laboratory
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Hard Coatings Market Market 2019 Regional Analysis Segmentation: The global hard coatings market is segmented on the basis of material type, a deposition technique, application, end use industry, and region. Based on the material type, the market is divided into borides, nitrides, carbon-based, oxides, multi-component coatings, and others. By deposition technique, the market is classified into physical vapor deposition (PVD) and chemical vapor deposition (CVD). On the basis of the application the global hard coatings market is categorized into cutting tools, decorative coatings, gears, bearings, optics, cylinders, pneumatic coatings, and others. Lastly based on end-use industry, the global hard coatings market is segmented into general manufacturing, transportation, building & construction, aerospace & defense, medical, sports, food manufacturing equipment, and others. Regionally, the global hard coatings market is divided into the Asia Pacific, North America, Europe, Middle East & Africa, and Latin America.
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Hard Coatings Market Market 2019
Regional Analysis: Geographically, there are five key regions in which the global hard coatings market is spanned across the Asia Pacific, North America, Europe Latin America, and Middle East & Africa. Among these regions, Asia Pacific is the largest market owing to the big lead achieved by the region in industrialization along with increasing government funding in the areas of infrastructure, marine and aerospace & defense. India, Japan, and China are the major markets in this region on accounts of increasing public as well as private investment in the major end-user industries of hard coatings. North America is following the Asia Pacific in terms of market size in the global hard coatings market. The U.S is the largest markets in this region owing to the steady rise in the use of hard coatings materials, mainly in aerospace & defense and marine sector. This is expected to favor the growth of the region during the forecast period. Europe is another substantial region in the global hard coatings market, which is closely following North America. Major contributors to the regional market are the U.K, France, Germany, Italy, and Poland. Europe has become a prominent market for hard coatings, wherein it is majorly used in the automotive and general industrial applications. In coming years the Middle East & Africa are likely to contribute significantly towards the growth of the market owing to increasing demand from building and construction industry. Lastly, Latin America is witnessing a steady growth due to the presence of end-use industries in countries namely Brazil and Argentina. The pacifying economic and political scenario in the region would push the regional market growth forward.
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