Uploaded on Jun 23, 2021
Market Research Future Publish New Market Research Report On-“Hard Coatings Market 2021 Global Analysis, Size, Share, Trends, Opportunities and Growth, Forecast 2027”
Hard Coatings Market_PPT
Hard Coatings MARKET 2020
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Hard Coatings MARKET 2020
Hard Coatings Market 2020: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2023
Hard coating is an electrochemical process for anodizing the surface of a substrate by using sulfuric acid electrolyte solution,
optimized temperature, and an electric current that gives a surface with a hard protective coating. This type of coating is generally
applied on the surface of an object to serve protectoral, decorative, or an operational purposes. It provides end products or a
substrate with some important characteristics such as excellent gloss, finish, durability, longevity, and clarity, along with greater
weather ability and superior hardness. The hard coatings exhibit number of beneficial properties including impact, heat, and
electric resistance as well as chemical inertness, and strong adhesion. Hard coatings have successfully penetrated into a vast
number of industries such as industrial manufacturing, marine, building & construction, oil & gas, automotive, marine, aerospace,
mining, industrial, and energy sector. The global protective coating market is growing at a considerably higher CAGR, which is
expected to reach nearly USD 23 billion by 2023, which is anticipated to boost the demand for hard coatings. However, capital-
intensive nature of the market may hamper the growth over the review period.
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Hard Coatings MARKET 2020
Market Segmentation:
The global hard coatings coating market has been segmented on the basis of material type, a deposition technique, application,
end-use industry, and region. On the basis of the material type, the market is divided into borides, nitrides, carbon-based, oxides,
multi-component coatings, and others. Among these material types, the borides are growing at the highest growth rate due to the
significant beneficial properties such as hard surface, greater durability, and shine.
By the deposition technique, the market is classified into two: physical vapor deposition (PVD) and chemical vapor deposition
(CVD). The PVD is the largest segment among them and is estimated to retain its dominance by growing at a healthy CAGR in the
coming years. This is attributed to easy applicability and lesser complex operation involved in this technique, along with the less
relative cost.
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Hard Coatings MARKET 2020
Regional Analysis
The global hard coatings coating market is geographically divided into five key regions which are Asia Pacific, North America,
Europe, Latin America, and Middle East & Africa. The Asia Pacific is the leading region among them owing to the increasing
demand from building & construction, automotive, and defense and marine sector in this region. India, China, and South Korea are
the leading markets in this region owing to growing demand from major end-use industries such as marine, automotive, and
aerospace & defense in these countries. North America is the second most significant region in the global hard coatings coating
market. The U.S. is the major contributor to this region due to the presence of well-established key players and the leading end-use
industries such as marine, defense, aerospace, and sports industry. Europe is another substantial region in the global hard coatings
coating market. The major markets in this region are Germany, the U.K., France, and Italy. Latin America is witnessing a a rise in the
industrialization along with the pacifying political and economic scenario in Brazil and Colombia. During the forecast period, the
region is anticipated holding a significant share of the global hard coatings coating market. The Middle East & Africa is holding
relatively lesser shares in the global hard coatings coating market. It is anticipated to witness growth in the coming years on
account of hitherto untapped growth opportunities in construction sectors such as construction and automotive.
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Hard Coatings MARKET 2020
Application & Major Players in this Research:
Hard Coatings Market Prominent Players:
Key players in the global hard coatings coating market are 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 (U.S.), PLATIT AG All (Switzerland), Hardcoatings, Inc. (U.S.), and others.
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