Press release
Hard Coatings Market Survey Report 2020 Along with Statistics, Forecasts till 2025
Top Companies in the Global Hard Coatings Market
Cemecon, IHI Hauzer Techno Coating, Sulzer, Momentive Performance Materials, Zeiss, ASB Industries, Sdc Technologies, Duralar Technologies, Ultra Optics, MBI Coatings, among others.
The market for hard coatings is expected to grow at a CAGR of more than 8% during the forecast period.
Market Overview:
Major factors driving the market studied are rapidly growing demand from healthcare sectors and increasing usage of hard coatings in developing nations.
- On the flip side, the high capital requirement is likely to hinder the market over the forecast period.
- Asia-Pacific dominated the market across the globe with the largest consumption from countries such as China and India.
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Key Market Trends
Optics Segment to Dominate the Market
- The optical industry is one of the major users of hard coatings. Usually, lenses and other optical components use soft coatings, but with the development of high performing techniques, such as hard coating, the use of soft coating becomes obsolete.
- Hard coating provides numerous advantages over soft coating. Hard coatings remain constant for several years after continuous use, while soft coated lenses and optical components show change over time. Hard coatings are scratch resistant, durable, anti refractive, and anti-fog, and increase longevity.
- In 2018, the revenue from spectacle lenses in the United States, Germany, France, Italy, United Kingdom was about USD 12,187.75 million, USD 5104.58 million, USD 4393.27 million, USD 3528.32 million, and USD 3020.38 million respectively.
United States to Dominate the North America Region
- Hard coatings in the United States are used in many industries, such as buildings and construction, automotive, general manufacturing, transportation, etc.
- In buildings and construction industry, hard coatings can be used for interior or external decorative purposes. The demand for various resistance coatings, such as scratch, electrical, hardness, and wear is, in turn, increasing the demand for the market studied.
- Furthermore, the United States is the second-largest producer and seller of commercial vehicles and cars. With the increase in electrical vehicles production in the United States, the demand for hard coatings is likely to increase.
The Hard Coatings market can be divided based on product types and its sub-type, major applications and Third Party usage area, and important regions.
This report segments the global Hard Coatings Market on the basis of Types are
Carbon
Oxide
Multicomponent Paint
On The basis Of Application, the Global Hard Coatings Market is Segmented into
Transport
Medical
Food Manufacturing
Sporting Goods
Other
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Regions Are covered By Hard Coatings Market Report 2020 To 2026.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada and Mexico).
Europe (Germany, France, UK, Russia and Italy).
Asia-Pacific (China, Japan, Korea, India and Southeast Asia).
Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Hard Coatings Market
-Changing Hard Coatings market dynamics of the industry
-In-depth market segmentation by Type, Application etc.
-Historical, current and projected Hard Coatings market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Hard Coatings Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
Frequently Asked Questions about Hard Coatings market:
- What are the recent developments and government policies?
- Why might we forecast a downturn in a particular economy next year?
- Why do we say a currency is set to appreciate?
- What countries and sectors offer the highest potential?
- Where are the greatest dangers?
The report has 150 tables and figures browse the report description and TOC
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All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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