Abrasion Resistant Coatings Market Value to grow at CAGR 4% during 2021-2026

Whipsmartmi.com offers "Global Abrasion Resistant Coatings Market 2021-2026 " from its research database.

The market for abrasion resistant coatings is projected to grow at CAGR 4% during the forecast period 2021-2026.

The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers analysis of regional and country-level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes a detailed competitive outlook covering market shares and profiles key participants in the market share.

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The market is expected to be driven by increased investments in manufacturing industries, particularly in the APAC region's power generation industry.

Key market players in the global Abrasion Resistant Coatings industries are AkzoNobel N.V., Saint-Gobain, Jotun A/S, The Sherwin-Williams Company, Hempel A/S, Praxair Surface Technologies, Henkel, and Sika AG.

Ceramic-based abrasion-resistant coatings are divided into three categories: oxide, carbide, and nitride. Because of their excellent high-temperature and abrasion resistance, these coatings are preferred over other material types. Ceramic coatings, on the other hand, are more expensive than other materials due to the use of a costly thermal spray process. However, because ceramic coatings require less maintenance than polymer-based coatings, the overall life cycle cost will be lower.

Europe is a significant market with the highest expected share of the abrasion resistant coatings market. Germany, France, Russia, Italy, and the United Kingdom are among the major European markets. The growing emphasis on the generation of renewable energy sources is driving the market for abrasion resistant coatings in Germany. The region has been active in the generation of renewable energy.

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