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Hard Coatings Market - Global Industry Analysis, Size, Share, Growth - 2023
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Hard coatings are used for coating the lenses to make them scratch resistant thereby, improving the durability and longevity. Hard coatings find applications in cutting tools, decorative coatings, optics, gears, bearings, cams, cylinders, hydraulic and pneumatic components, injection moulding dies, implants and firearms.
The hard coatings process is mainly performed in two ways: physical vapor deposition (PVD) and chemical vapor deposition (CVD). Physical vapor deposition is a vaporisation coating technique where the base material is used to form a thin coating layer on an object by evaporating and condensing the material used. Hard coatings comprise ceramics or metals such as oxides, nitrides and carbides.
CVD is an atmosphere-controlled coating technique wherein the precursor, in solid state, is coated in a gaseous form in a CVD reactor. It is used for surface coating process to produce high purity, fine grained and impervious bulk materials that are used across various industries.
The global market for hard coatings is expected to gain traction in Asia-Pacific region owing to the increased demand for decorative coatings and cutting tools. Cutting tools is the fastest growing application segment in India, China and Malaysia.
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The major companies operating in the global market include IHI Ionbond AG, CemeCon AG Germany, Momentive Performance Materials Inc., Sulzer Ltd., IHI Hauzer Techno Coating B.V, Duralar Technologies, MBI Coatings, Platit AG, Exxene Corporation and ASB Industries, Inc.
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