Composite Coatings Market Analysis 2018 to 2024 With Dominating Players : PPG Industries, Axalta, A.W. Chesterton, Om Sangyo, Mader, K C Jones PlatingMarket report contains data for historic year 2015, the base year of calculation is 2016 and the Composite Coatings Industry forecast period is 2017 to 2024. Major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in Composite Coatings market.
The Global Composite Coatings Market accounted for USD 840.1 Million in 2016 and is projected to grow at a CAGR of 7.8% during the forecast period of 2017 to 2024. An assortment of best coating colors and textures are accessible for various applications including construction and aerospace, among others.
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Major Market Drivers and Restraints:
Rising demand due to self-lubrication and anti-corrosion
Increasing demand in oil & gas industry
Technological advancements in coating sector
High Processing Cost
Market Segmentation: Global Composite Coatings Market
On the basis of technique, the global composite coating market is segmented into laser melt injection, electroless plating, brazing and others. Others types of composite coating techniques includes laser cladding and electrochemical.
On the basis of applications, the global composite coating market is segmented into UV protection, anti-corrosion and thermal protection. Anti-corrosion segment accounted the largest market share due to majorly utilized in transportation and oil & gas industries.
On the basis of end users, the global composite coating market is segmented into transportation, oil & gas, aerospace and defense, industrial and others. Industrial segment is sub segmented into medical, food industry whereas other type of end users do include marine and wind. Transportation segments accounts the largest market share.
On the basis of geography, global composite coating market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Major Market Competitors: Global Composite Coatings Market
The global composite coating market is consolidated due to the presence of limited number of players concentrated in few countries. Some of the major players operating in global composite coating market are PPG Industries, Inc., Axalta, A.W. Chesterton Company, Om Sangyo Co. Ltd., Mader Group, K C Jones Plating Company, ENDURA COATINGS, Aztron Technologies, LLC, Advanced Surface Technologies, Inc., Surteckariya Co. Ltd., Twin City Plating, Nickel Composite Coating Inc., Composite Coating Inc., Interpalte Ltd., Micro Plating, Inc. and Poeton Industries Ltd., among others.
Research Methodology: Global Composite Coatings Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology Speak to our Analyst or drop down your inquiry
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