Composite Coatings Market Growth Globally Expected to reach USD 1306.8 million by 2024

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. Up-coming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Composite coatings are a series of protective layers applied to a substrate such as steel, concrete or any material. Substrate corrosion protection using composite coatings is achieved with a combination of at least two substances. These substances usually form two or more layers of an epoxy resin and a polyurethane synthetic resin. Composite coating systems are manufactured at hi-tech facilities across the world. They are designed to meet the high standards and rigid requirements of many different industries. They provide excellent corrosion protection and waterproofing. Composite coatings also protect against fire, heat, stress and UV light. Many composite coatings are also used to fulfill decorative purposes. A variety of top coat colors and textures are available for numerous applications. This includes the construction industry, manufacturing, aerospace and so on.

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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.

Major Competitors in Composite Coating Market:
• PPG Industries, Inc.
• Axalta, A.W. Chesterton Company
• Om Sangyo Co. Ltd.
• Mader Group
• K C Jones Plating Company
• ENDURA COATINGS
• Aztron Technologies
• Advanced Surface Technologies
• Surteckariya Co. Ltd.
• Twin City Plating
• Nickel Composite Coating Inc.
• Composite Coating Inc.
• Interpalte Ltd.
• Micro Plating, Inc.
• Poeton Industries Ltd

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Composite Coating Market Segmentation:
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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