Global Abrasion Resistant Coatings Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027

MarketResearch.biz delivers in-depth insights on the global abrasion resistant coatings market in its upcoming report titled, “Global Abrasion Resistant Coatings Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global abrasion resistant coatings market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global abrasion resistant coatings market report has been segmented on the basis of type, application, and region.

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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Abrasion-resistant coatings utilized to avoid wearing away of equipment and parts due to contact or mechanical related forces. Abrasion resistant coatings are also recognized as spray coatings or sliding wear coatings that are utilized in various different industries such as automotive and aerospace to electronics — for various purposes. Abrasion resistant coatings assure that object is safe from corrosion while its repeated use.

Rising demand for polymer-based high-temperature coatings, increasing demand for abrasion resistant coatings in developing markets, high demand from industrial sector, rising demand from emerging economies and rising demand for better qualities ceramic-based coatings, coupled with increasing demand for the high-performance coatings are major factors driving the global abrasion resistant coatings market.

Rising demand for abrasion resistant coatings products from the industrial and power generation sector is a major factor driving growth of the global abrasion resistant coatings market. In addition, rising demand for abrasion resistant coatings from marine industries is another major factor driving growth of the global abrasion resistant coatings market. Rising demand from transportation industry and increasing acceptance from food processing, electronics, and consumer goods are other major factors expected to drive growth of the global abrasion resistant coatings market.

North America abrasion resistant coatings market is expected to account for significant share in terms of revenue in the global abrasion resistant coatings market. Asia Pacific abrasion resistant coatings market is projected to witness fastest growth in terms of revenue over the next 10 years, owing to increasing demand from the transportation, electronics, and food processing industries in countries in this region. China market is expected to account for major share in terms of revenue in the Asia Pacific, whereas the India market is projected to register highest CAGR over the forecast period. Increasing disposable income of people and rapid growth in urban regions in this region are other factors fueling growth of marine, automotive, and electronics industries, which in turn is expected to fuel growth of abrasion resistant coatings in this region.

Global Abrasion Resistant Coatings Market Segmentation:

Segmentation by type:

• Metal/ceramic Based Coatings
• Polymer Based Coatings

Segmentation by application:

• Power generation
• Oil & gas
• Marine
• Industrial
• Infrastructure
• Transportation
• Other applications (food processing, electronics, consumer goods, and pulp & paper)

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa