Abrasion Resistant Coatings Market Size, Share Global Analysis Report, s, 2020–2026

Industry Insights

[180+ Pages Report] According to the report published by Facts Factors, the global abrasion resistant coatings market size was worth around USD 8.2 billion in 2019 and is predicted to grow to around USD 12.4 billion by 2026 with a compound annual growth rate (CAGR) of roughly 6.5% between 2020 and 2026. The report analyzes the global abrasion resistant coatings market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the abrasion resistant coatings market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the abrasion resistant coatings industry. The report analyzes and declares the historical and current trends analysis of the abrasion resistant coatings industry and subsequently recommends the projected trends anticipated to be observed in the abrasion resistant coatings market during the upcoming years.

Key Insights from Primary Research

• The enforcement of volatile organic compound emission regulations, demand for high-temperature polymer abrasion resistant coatings is triggering the market growth in recent years.
• Increasing demand from emerging economies is supposed to fuel market growth. The companies are supposed to invest in R&D to innovate better products.
• The “metal/ceramic coatings” category, on the basis of type segmentation, was the leading revenue-generating category accounting for more than 55.0% share, in 2019.
• Growth in end-use sectors such as power generation, oil & gas, marine and transport sectors, especially in emerging economies around the world, is expected to have a positive impact on the growth of the abrasion-resistant coatings market over the coming years.

Key Recommendations from Analysts

• North America has accounted for the major market share in the global abrasion resistant coatings markets as the region has witnesses constantly growing marine industries and power generation sector.
• Over the coming years, Asia Pacific is projected to be the fastest-growing region, mainly due to the growth of the region's end-use industries.
• China'sAbrasion Resistant Coatings market is anticipated to rise at the highest rate between 2020 and 2026.
• Our analysts have identified “metal/ceramic coatings”, and “power generation” categories as the leading investment pockets for the global abrasion resistant coatings market in terms of the type, and end-user segmentation respectively.

Global Abrasion Resistant Coatings Market Revenue Share – By Type

The abrasion resistant coatings market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire abrasion resistant coatings market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the abrasion resistant coatings industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the abrasion resistant coatings industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the abrasion resistant coatings market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the abrasion resistant coatings industry. The abrasion resistant coatings market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the abrasion resistant coatings sector. Key strategic developments in the abrasion resistant coatings market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the abrasion resistant coatings market are appropriately highlighted in the report.

The global marine coatings industry is on the verge of rising demand for reduced cargo and cruise ship fuel consumption. The opportunities for high-value, eco-friendly, and abrasion-resistant coatings are being improved by increasingly strict environmental regulations. A strong demand driver for abrasion-resistant coatings that are applied to ship hulls is the need to minimize fuel consumption, which provides one way to combat emissions and reduce fuel usage. In implementing new innovations, manufacturers of marine coatings are usually cautious. Nevertheless, ever more stringent environmental regulations are driving business innovation alongside customer demand for more environmentally friendly products and will further boost the abrasion-resistant market during the forecast era.

The abrasion resistant coatings market research report delivers an acute valuation and taxonomy of the abrasion resistant coatings industry by practically splitting the market on the basis of different types, applications, industry verticals, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the abrasion resistant coatings industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the abrasion resistant coatings industry is provided for the leading economies of the world.

The abrasion resistant coatings market is segmented based on type, application, and region. On the basis of type segmentation, the market is classified into metal/ceramic coatings, and polymer. In terms of end-use segmentation, the market is bifurcated into oil & gas, marine, power generation, transportation, mining, and construction.

Some of the essential players operating in the Abrasion Resistant Coatings market, but not restricted to include

• AkzoNobel N.V.
• Arkema S.A.
• Hempel A/S
• Henkel
• Jotun A/S
• Hardide Plc
• The Sherwin-Williams Company
• PPG Industries
• Bodycote Group
• Evonik Industries
• Sika AG
• Praxair Surface Technologies Inc.
• Saint-Gobain

The taxonomy of the abrasion resistant coatings market by its scope and segmentation is as follows:

By Type Segmentation Analysis

• Metal/Ceramic Coatings
• Polymer

By End-Use Segmentation Analysis

• Oil & gas
• Marine
• Power Generation
• Transportation
• Mining
• Construction

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa