Press release
New Research Study on Composite Coatings Market to Grow at 7.8% CAGR by 2024: PPG Industries, Axalta, Mader Group, KC Jones Plating Company, Endura Coatings, LLC, Twin City Plating Inc.
Composite Coatings Market report offers a comprehensive valuation of the market. It does so via in-depth comprehensions, appreciative market growth by following past developments, and analysing the present situation and future forecasts based on progressive and likely states. Each research report assists as a depository of analysis and data for every side of the market, including but not limited to: Regional markets, types, applications, technology developments and the competitive landscape.The Global Composite Coatings Market accounted for USD 840.1 Million and is projected to grow at a CAGR of 7.8% during the forecast period of 2017 to 2024.e upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Key Strategies of leading players
• Enhance productivity and optimizing back end manufacturing processes
• Product enhancement through integrating new strategies involving big data, advanced analytics into traditional manufacturing processes
• Growing businesses through serving into new application areas and identifying pockets of growth in emerging markets
• Focusing on cost effective production of devices with stability and robustness
• Strategies for Product differentiation and adjusting to the life cycle changes
• Strengthening collaboration with suppliers and distributors
• More focused strategies are found in the report
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A composite coating is a blend of at least two substances that offer protection against corrosion and water. Besides, composite coating offers protection against heat, fire, and UV rays. It is also utilized for decorative purposes. An assortment of best coating colors and textures are accessible for various applications including construction and aerospace, among others.
Major Market Competitors: Global Composite Coatings Market
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.
Major Market Drivers & Restraints:
• Rising demand due to self-lubrication and anti-corrosion
• Increasing demand in oil & gas industry
• Technological advancements in coating sector
Restraints
• 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.
Company Share Analysis:
The global composite coating market is consolidated due to the presence of limited number of players concentrated in few countries. These 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 this market.
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This report includes the estimation of market size for value (million US$) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Composite Coatings market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
Reasons for Buying this Report
• This report provides pin-point analysis for changing competitive dynamics
• It provides a forward looking perspective on different factors driving or restraining market growth
• It provides a 6 year forecast assessed on the basis of how the market is predicted to grow
• It helps in understanding the key product segments and their future
• It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
Get TOC for Full Analysis of Report at https://databridgemarketresearch.com/toc/?dbmr=global-composite-coatings-market
Customization: We can offer customization in the report and get research data or trends added in the report as per the buyer's specific needs.
Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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