Press release
Hard Coatings Market Size - Industry Share Report 2026
Hard Coatings
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The global hard coatings market is projected to reach USD 1,351.3 million by 2026, at a CAGR of 8.0% from 2016 to 2026. Growth of the market is due to increasing applications, technological advancements, and growing demand for hard coatings in regions such as Asia-Pacific and the Middle East & Africa. Hard coatings is largely used in cutting tools application. In addition, rising awareness about the benefits of hard coatings is also fueling the demand. The deposition techniques for applying hard coatings require huge investments and are capital intensive in nature. These factors act as the most important restraints for the growth of the hard coatings market.
The widest adoption of hard coatings has been in the general manufacturing end-use industry, where high material performances are increasingly required and where large scale hard coating has brought about enormous benefits. Hard coatings are used for wear protection of machine components. Drivers for the use of hard coatings in the general manufacturing industry are greater functionality, increase in lifetime, increased energy efficiency resulting in reduced fuel consumption or reduced lubricant requirements.
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Hard coating materials can be deposited by various deposition techniques, such as PVD and CVD. PVD is the most widely used technique in various industries. The cutting tools industry, the first to adopt the PVD technology, continues the steady application of PVD technology to replace the conventional deposition techniques. Drivers for the use of this technique in various industries are greater durability and less time intensive.
Key Points From Table Of Content:
5 Market Overview
5.1 Introduction
5.2 Segmentation
5.2.1 By Application
5.2.2 By Material Type
5.2.3 By Deposition Technique
5.2.4 By End-Use Industry
5.2.5 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Demand in the Asia-Pacific Region
5.3.1.2 Growing Healthcare Market
5.3.1.3 Efficiency of Hard Coatings
5.3.2 Restraints
5.3.2.1 Huge Total Cost of Ownership
5.3.2.2 Highly Capital Intensive
5.3.3 Opportunities
5.3.3.1 Brics Countries Offer Untapped Opportunities for Geographical Expansion for Hard Coating Manufacturers
5.3.3.2 New Technological Developments
5.3.4 Challenges
5.3.4.1 Developing Cheaper Substitutes
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13 Company Profiles
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
13.1 OC Oerlikon Corporation AG
13.2 Cemecon AG
13.3 IHI Hauzer Techno Coating B.V.
13.4 IHI Ionbond AG
13.5 Sulzer Ltd.
13.6 Momentive Performance Materials Inc.
13.7 Zeiss Group
13.8 ASB Industries, Inc.
13.9 SDC Technologies, Inc.
13.10 Duralar Technologies
13.11 Kobelco
13.12 Ultra Optics
13.13 MBI Coatings
13.14 Dhake Industries Inc.
13.15 Platit AG
13.16 Diarc-Technology Oy
13.17 The Eifeler Group
13.18 Hardcoatings, Inc.
13.19 Gencoa Ltd
13.20 Exxene Corporation
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