Press release
Hard Coating Market Recent Trends, Top Key-Players HI HAUZER B.V. (Netherlands), Sulzer Ltd (Switzerland). OC Oerlikon Management AG (Switzerland), Cemecon (Germany) from 2023-2029
Hard Coating Market | Exactitude Consultancy
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**Note: Version 2023 has been updated.
โ What does this report offer?
Market size (historical and future), market growth, technical trends, market share, market dynamics, competitive landscape, and key players are all factors to consider.
Development trends, competitive landscape analysis, supply-side analysis, demand-side analysis, year-over-year growth, competitive benchmarking, vendor identification, CMI quadrant, and other significant analysis, as well as development status.
Recent market developments and projected growth prospects, geographical reports that can be tailored to demand
โ What size is the Hard Coating Market:
Global Hard Coating Market growing at a CAGR of 8.1%, and it is expected to reach USD 1481.08 Million by 2029, over the forecast period 2023-2029.
โ Who are the key industry players?
HI HAUZER B.V. (Netherlands), Sulzer Ltd (Switzerland). OC Oerlikon Management AG (Switzerland), Cemecon (Germany), IHI Ionbond AG (Switzerland), Momentive (U.S.), ZEISS International (Germany), Covestro AG (Germany), The Lubrizol Corporation (U.S.) Huntsman International LLC (U.S.), Solvay SA (Belgium), Clariant AG (Switzerland), BASF SE (Germany), Avient (U.S.), Construction Materials Co., Ltd., (China), Holcim (Switzerland), CHRYSO GROUP (France), GCP Applied Technologies Inc. (U.S.), Omnova Solutions Inc. (U.S.), Dupont (U.S.)
โ Recent Developments:
๐In April 2022, HPL isย one of the leading market players had developed a novel hard coating technology, which is also called WECOUR that helps the rotors to resist corrosion and in attaining a longer lifetime; moreover, this technology also helps to decreasing the harmful dust emissions. The organization claim that this specialized brake pads and novel technology provide durability and performance for the industry.
๐In March 2022, In Chicago, the engineers at the University of Illinois had developed a long-lasting coating, considered the most effective ice immune product in the industry that provides ecological sustainability. It was designed after the careful research on the nature of chemicals.
๐โ๏ธ Hard Coating: Enhancing Strength From mining to steel production, equipment designers and builders for greater wear resistance
๐Hard coatings give strength to the products it is applied on and the capacity to withstand the high weight. For instance, copper is used for creating a hard surface coating that is applied to aluminum surfaces and aluminum alloy parts or pieces, which are further used in automotive, construction, aerospace, and others.
๐๐๐ฎ๐ซ๐ ๐ข๐ง๐ ๐๐ข๐ฅ๐ข๐ญ๐๐ซ๐ฒ ๐๐ฑ๐ฉ๐๐ง๐๐ข๐ญ๐ฎ๐ซ๐ ๐ญ๐จ ๐๐จ๐ฅ๐ฌ๐ญ๐๐ซ ๐๐๐ซ๐ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ
Growing investment in the defense sector creates a plethora of opportunities for hard coatings manufacturers. As, hard coatings increase the service life and quality of weapons, tanks, helicopters, and others.
๐๐๐ก๐๐ญ ๐๐ซ๐ ๐ญ๐ก๐ ๐ ๐๐๐ญ๐จ๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐๐๐ซ๐ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐๐ฆ๐๐ง๐ ๐๐๐ซ๐จ๐ฌ๐ฌ ๐๐ง๐๐ข๐?
The growing construction sector across India coupled with government investment in infrastructure development is likely to drive the demand for hard coatings in the country during the forecast period.
Hard coatings are used to protect metals such as aluminum, steel, and others used in the construction of buildings, interior and exterior, and others. Thus, growing infrastructure development to drive the hard coatings market.
๐๐๐ก๐ฒ ๐ข๐ฌ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐ค๐ข๐ฒ๐ ๐๐๐ซ๐ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ ๐๐ข๐ ๐ก๐ฅ๐ฒ ๐๐ฎ๐๐ซ๐๐ญ๐ข๐ฏ๐?
The growing electric vehicle market across Turkiye is likely to pave the way for the growth of the hard coatings market across Turkiye. As driving has become more expensive due to rising gas prices, more Turkish drivers are switching to electric cars.
Surging consumer preference towards electric vehicles over conventional ones led to high demand for electric vehicles and increased production activities. Hard coatings are used to strengthen the vehicular body and make it wear-tear-resistant and durable.
๐๐๐ก๐ข๐๐ก ๐๐๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐๐๐๐ก๐ง๐ข๐ช๐ฎ๐ ๐ข๐ฌ ๐๐๐ข๐ง๐ข๐ง๐ ๐๐ซ๐๐๐ญ๐ข๐จ๐ง?
Physical vapour deposition is a method of vaporization coating in which a thin layer of coating is done by using base material on an object by first evaporating and then condensing the material. Hard coatings are composed of metals or ceramics, including nitrides, carbides, and oxides.
๐๐๐ก๐ข๐๐ก ๐๐๐ญ๐๐ซ๐ข๐๐ฅ ๐ข๐ฌ ๐๐ข๐ ๐ก๐ฅ๐ฒ ๐๐ซ๐๐๐๐ซ๐ซ๐๐ ๐ข๐ง ๐๐๐ซ๐ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ?
Borides is a material gaining traction in the hard coatings market. Borides are hard as well as heat-resistant substances that are frequently used as coatings for structures that must withstand high temperatures and high-pressure conditions.
What precisely is market segmentation?
Hard Coating Market by Material Type, 2023-2029, (USD Million), (Kilotons)
Nitrides
Oxides
Borides
Hard Coating Market by Application, 2023-2029, (USD Million), (Kilotons)
Cutting Tools
Decorative Coatings
Optics
Gears
Bearings
Cylinders
Hydraulic Components
Hard Coating Market by End-User, 2023-2029, (USD Million), (Kilotons)
General Manufacturing
Transportation
Aerospace
Defense
Building and Construction
Hard Coating Market by Deposition Technique, 2023-2029, (USD Million), (Kilotons)
PVD (Physical Vapor Deposition)
CVD (Chemical Vapor Deposition)
The study of the effects of the Russia-Ukraine War and COVID-19 on Hard Coating industry will be added to the final report.
The market for Hard Coating has been thoroughly researched for this research report using both primary and secondary sources. Along with a competitive analysis of the market, segmented by application, type, and geographical trends, it offers a comprehensive overview of the market's present and future goals. Additionally, a dashboard analysis of the previous and current performance of top organizations is provided. To ensure accurate and thorough information about the Hard Coating Market, a range of approaches and analysis are utilized in the study.
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