Press release
Study Of Composite Coatings Market Applications (UV Protection, Anti-Corrosion, Thermal Protection) –And Demand Forecast to 2025
Global Composite Coatings Market accounted for USD 840.1 Million in 2016 and is projected to grow at a CAGR of 7.8% during the forecast period of 2017 to 2024.e upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.Also the Global Composite Coatings Market By Technique (Laser Melt Injection, Electroless Plating, Brazing, Others), Applications (UV Protection, Anti-Corrosion, Thermal Protection), End Users {Transportation, Oil & Gas, Aerospace and Defense, Industrial (Medical, Food Industry), Others}, Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024.
A composite coating is a blend of at least two substances that offer protection against corrosion and water. Besides, composite coating offers protection against heat, fire, and UV rays. It is also utilized for decorative purposes. An assortment of best coating colors and textures are accessible for various applications including construction and aerospace, among others.
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Major Market Drivers and Restraints:
Rising demand due to self-lubrication and anti-corrosion
Increasing demand in oil & gas industry
Technological advancements in coating sector
Restraints
High Processing Cost
Market Segmentation: Global Composite Coatings Market
On the basis of technique, the global composite coating market is segmented into
• laser melt injection,
• electroless plating,
• brazing and others.
Others types of composite coating techniques includes laser cladding and electrochemical.
On the basis of applications, the global composite coating market is segmented into
• UV protection,
• anti-corrosion and thermal protection.
Anti-corrosion segment accounted the largest market share due to majorly utilized in transportation and oil & gas industries.
On the basis of end users, the global composite coating market is segmented into
• transportation,
• oil & gas,
• aerospace and defense,
• industrial and others.
Industrial segment is sub segmented into medical, food industry whereas other type of end users do include marine and wind. Transportation segments accounts the largest market share.
On the basis of geography, global composite coating market report covers data points for 28 countries across multiple geographies namely
• North America & South America,
• Europe, Asia-Pacific,
• Middle East & Africa.
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Competitive Analysis: Global Composite Coatings Market
The global composite coating market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Composite Coatings Market
Some of the major players operating in global composite coating market are
• PPG Industries, Inc.,
• Axalta, A.W. Chesterton Company,
• Om Sangyo Co. Ltd.,
• Mader Group,
• K C Jones Plating Company,
• ENDURA COATINGS,
• Aztron Technologies,
• LLC,
• Advanced Surface Technologies, Inc.,
• Surteckariya Co. Ltd.,
• Twin City Plating,
• Nickel Composite Coating Inc.,
• Composite Coating Inc.,
• Interpalte Ltd.,
• Micro Plating, Inc.
• Poeton Industries Ltd.,
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