Global Composite Coatings Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global composite coatings market in its upcoming report titled, “Global Composite Coatings Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global composite 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 composite coatings market report has been segmented on the basis of technique, application, end-use industries, and region.

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Composite coatings provide protective layers when applied to substrates such as concrete, steel, and metals. It provides excellent waterproofing and corrosion protection. Composite coating offers protection against heat, corrosion, fire, and harmful radiations. Various layers of composite coatings include an adhesive treated substrate, base coat, primer, and top coat. Construction industry is a major end-use industry of composite coatings. Composite coatings are used to protect metal or steel from corrosion in building and construction industry. These coatings are utilized as a thermal barrier and intumescent on concrete and various other materials. Widely used composite coatings material are light in weight, thus helps improve fuel efficiency. Various other industries which employ composite materials are automotive, manufacturing, oil & gas, and aerospace. Composite coating materials are spread on various substrates with the help of technologies such as Electroless plating, laser melt injection, and brazing. Composite coating materials have attractive features such as accuracy, uniform coating thickness, and consistency.

Composite coatings contain a layer which includes the top layer, base layer, primer, and adhesive substrate. A base layer is applied to a primer which acts as a resistant to water and as an extra layer of protection. Moreover, top layer is applied, it is an uppermost layer of protection that also contains decorative color. Therefore, it provides four layers of protection to material with the decorative finish which is projected to drive growth of the target market growth.

In addition, composite coatings are majorly used in aerospace and defense equipment production process, owing to its characteristics of providing corrosion and thermal resistance with strength and protection from moisture, dust, and water, which is expected to drive growth of the global composite coatings market in next nine years. However, high production cost is a major factor expected to restraint growth of the global composite coatings market.

North America market is expected to account for major share in terms of revenue in the global composite coatings market, owing to its increasing application of aerospace & defense and transportation industries. Adoption rate of composite coatings is projected to grow at highest rate in North America market.

Global Composite Coatings Market Segmentation:

Segmentation by technique:

• Laser melt injection
• Brazing
• Electroless plating
• Others (laser cladding and electrochemical)

Segmentation by application:

• Anti-corrosion
• UV protection
• Thermal protection

Segmentation by end-use industries:

• Aerospace & defense
• Transportation
• Industrial
• Oil & gas
• Others (medical, food industry, marine, and wind)

Segmentation by region:

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