Hard Coatings Market Poised to Expand at a Robust Pace by forecast year 2025

Key Market Analysis

Hard coatings are resistant to temperature changes, wear, and corrosion. Additionally, they have a low post-lubrication coefficient of friction. There are numerous uses for hard coatings. For instance, they are used to coat lenses to make them scratch-resistant, so enhancing their durability and extending their lifespan.

Additionally, they are used in implantable devices, cutting tools, aesthetic coatings, optics, gears, bearings, cams, cylinders, hydraulic and pneumatic parts, injection moulding dies, and weapons.

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Hard coatings are generally accomplished through two processes, namely physical vapor deposition (PVD) and chemical vapor deposition (CVD). PVD is a vaporization coating technique wherein the base material forms a thin layer of coating on a particular body by its evaporation and condensation. Such base materials would comprise ceramics or metals, such as oxides, nitrides and carbides.

The technologies involved in physical vapor deposition are electron beam, sputter deposition, evaporative deposition, physical vapor deposition, pulsed laser deposition and cathodic arc deposition. The PVD process exhibits many advantages, such as toughness, low friction, higher resistance to wear & tear and oxidation and hence, finds applications in key industries, such as automotive, aerospace & defense and heavy engineering.

Chemical vapor deposition (CVD) is an atmosphere-controlled coating technique in which the precursor, in a solid state, is coated in a gaseous form. This takes place in a CVD reactor. The CVD technique for hard coatings provides high purity, fine grained and impervious bulk materials that find applications in various industries.

These coatings find applications in the optical fiber & semiconductor industries and in the manufacturing of related appliances. Some other hard coating procedure types are packed diffusion, dipping, sol gel, micro-oxidation, laser aided technologies, and ionic beam surface treatment.

Considering these important aspects of the applications of hard coatings, the study of the hard coatings market becomes an important read.

Market Segmentation
On the basis of material type
Nitrides
Carbides
Oxides
Carbon-based
Borides
Multi-component coatings

On the basis of deposition technique
Physical vapor deposition
Chemical vapor deposition

On the basis of end use industry
General manufacturing
Automotive & transportation
Buildings & construction
Medical equipment
Sporting goods
Food manufacturing equipment
Others
Key Trends, Drivers

In recent times, the fast growth of the healthcare industry has been translating into an increase in the demand for medical equipment & devices, which in turn, require hard coatings to be applied during their manufacturing process. This has been driving the hard coatings market at a global level.

Also, there has been a rise in awareness among end users with regard to the application advantages hard coatings provide to their products. Besides, major manufacturers have also been focusing on extensive research & development (R&D) activities to create and launch new products with superior features to gain market share through a competitive advantage.

These technology advancements are also expected to expand the market size in the next few years. Furthermore, rapidly growing economies in Asia Pacific and Latin American are expected to create further growth opportunities for the hard coatings market.

However, the hard coatings business involves high amounts of initial capital investment. Hard coatings operations also incur a high total ownership cost. Besides, there are several ongoing developments aimed at producing relatively inexpensive alternatives to hard coatings. These factors could hinder the market growth of the hard coatings market in the near future.

Market Participants

Examples of some of the market participants in the hard coatings market are as follows:

Sulzer Ltd.
IHI Ionbond AG
Exxene Corporation
MBI Coatings
Momentive Performance Materials Inc.
Duralar Technologies
IHI Hauzer Techno Coating B.V.
ASB Industries, Inc.
Platit AG

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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The report covers exhaust analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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