Market Overview:
The global hard coatings market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for hard coatings from various end-use industries, such as transport, medical, food manufacturing, and sporting goods. Hard coatings are used in these industries to protect substrates from wear and tear and also improve the surface finish of products. In addition, the growing demand for multicomponent paints is also contributing to the growth of this market. Multicomponent paints are a combination of two or more coating components that provide better performance than traditional single-component paints. They offer improved adhesion, corrosion resistance, and durability over traditional paints. Regionally, North America is expected to lead the global hard coatings market during the forecast period followed by Europe and Asia Pacific respectively.
Product Definition:
A hard coating is a thin film that is deposited on a substrate to protect it from wear and corrosion. Hard coatings can be used to improve the performance of metal parts in a variety of applications, including automotive, aerospace, and industrial manufacturing.
Carbon:
Carbon is one of the important raw materials used in the manufacturing of hard coatings. It acts as a dispersing agent, binder and filler in these products. Carbon black is widely used as a pigment for carbon-based coatings owing to its high thermal stability and excellent electrical resistance properties.
Increasing demand from various end-use industries such as automotive, marine, construction.
Oxide:
Oxide is a chemical compound of two oxygen molecules and one metal. It is usually represented by the symbol O2. The oxide hard coating provides excellent resistance to corrosion, wear & tear, thermal shock, and chemicals as well as it has high electrical resistivity.
Application Insights:
The other application segment includes construction, automotive, and industrial applications. The demand for the product in sporting goods was valued over USD 1.73 billion in 2017 and is expected to witness significant growth owing to increasing participation of the young population in sports activities. Increasing spending on fitness equipment by consumers is expected to drive the demand for hard coatings used as base coatings or top coats for sporting goods industry over the forecast period.
Transport was estimated as the largest application segment with a volume share of 33% in 2017 owing to extensive use of HCI products such as engine components, brake systems & discs/rotors, transmission components among others which are exposed to extreme temperatures & corrosion prone environment during transportation from manufacturer's plant till their final destination or end-user location globally.
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrialization, coupled with rapid urbanization and rising per capita income. China is projected to remain a key consumer as well as producer of hard coatings in this region owing to its large manufacturing sector, which requires high-quality products for protection.
North America accounted for a share of more than 15% in 2017 owing to growing demand from end-use industries such as automotive, transportation & logistics, construction, electrical & electronics and medical among others. Growing investments by companies such as 3M; DuPont; Sherwin-Williams; BASF SE; PPG Industries Inc.; AkzoNobel Group N.V.; National paints Ltd.
Growth Factors:
- Increasing demand from the automotive and aerospace industries for hard coatings with superior wear and corrosion resistance properties.
- Growing popularity of hard coatings as a cost-effective alternative to traditional metal fabrication processes.
- Rising demand for hard coatings with high thermal stability to meet the requirements of advanced engineering applications.
- Increasing use of hard coatings in medical implants and surgical instruments to improve their performance and durability.
- Technological advancements in the field of hard coating technologies that are helping manufacturers to develop new products with better functionalities
Scope Of The Report
Report Attributes
Report Details
Report Title
Hard Coatings Market Research Report
By Type
Carbon, Oxide, Multicomponent Paint
By Application
Transport, Medical, Food Manufacturing, Sporting Goods, Other
By Companies
Cemecon, IHI Hauzer Techno Coating, Sulzer, Momentive Performance Materials, Zeiss, ASB Industries, Sdc Technologies, Duralar Technologies, Ultra Optics, MBI Coatings
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Hard Coatings Market Report Segments:
The global Hard Coatings market is segmented on the basis of:
Types
Carbon, Oxide, Multicomponent Paint
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transport, Medical, Food Manufacturing, Sporting Goods, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cemecon
- IHI Hauzer Techno Coating
- Sulzer
- Momentive Performance Materials
- Zeiss
- ASB Industries
- Sdc Technologies
- Duralar Technologies
- Ultra Optics
- MBI Coatings
Highlights of The Hard Coatings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Carbon
- Oxide
- Multicomponent Paint
- By Application:
- Transport
- Medical
- Food Manufacturing
- Sporting Goods
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hard Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hard coatings are a type of coating that is applied to metal surfaces to make them more durable. They can be made from a variety of materials, including polyurethanes, epoxy resins, and lacquers. Hard coatings can be used on both steel and aluminum surfaces.
Some of the major companies in the hard coatings market are Cemecon, IHI Hauzer Techno Coating, Sulzer, Momentive Performance Materials, Zeiss, ASB Industries, Sdc Technologies, Duralar Technologies, Ultra Optics, MBI Coatings.
The hard coatings market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hard Coatings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hard Coatings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hard Coatings Market - Supply Chain
4.5. Global Hard Coatings Market Forecast
4.5.1. Hard Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hard Coatings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hard Coatings Market Absolute $ Opportunity
5. Global Hard Coatings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hard Coatings Market Size and Volume Forecast by Type
5.3.1. Carbon
5.3.2. Oxide
5.3.3. Multicomponent Paint
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hard Coatings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hard Coatings Market Size and Volume Forecast by Application
6.3.1. Transport
6.3.2. Medical
6.3.3. Food Manufacturing
6.3.4. Sporting Goods
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hard Coatings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hard Coatings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hard Coatings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hard Coatings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hard Coatings Demand Share Forecast, 2019-2026
9. North America Hard Coatings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hard Coatings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hard Coatings Market Size and Volume Forecast by Application
9.4.1. Transport
9.4.2. Medical
9.4.3. Food Manufacturing
9.4.4. Sporting Goods
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hard Coatings Market Size and Volume Forecast by Type
9.7.1. Carbon
9.7.2. Oxide
9.7.3. Multicomponent Paint
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hard Coatings Demand Share Forecast, 2019-2026
10. Latin America Hard Coatings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hard Coatings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hard Coatings Market Size and Volume Forecast by Application
10.4.1. Transport
10.4.2. Medical
10.4.3. Food Manufacturing
10.4.4. Sporting Goods
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hard Coatings Market Size and Volume Forecast by Type
10.7.1. Carbon
10.7.2. Oxide
10.7.3. Multicomponent Paint
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hard Coatings Demand Share Forecast, 2019-2026
11. Europe Hard Coatings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hard Coatings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hard Coatings Market Size and Volume Forecast by Application
11.4.1. Transport
11.4.2. Medical
11.4.3. Food Manufacturing
11.4.4. Sporting Goods
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hard Coatings Market Size and Volume Forecast by Type
11.7.1. Carbon
11.7.2. Oxide
11.7.3. Multicomponent Paint
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hard Coatings Demand Share, 2019-2026
12. Asia Pacific Hard Coatings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hard Coatings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hard Coatings Market Size and Volume Forecast by Application
12.4.1. Transport
12.4.2. Medical
12.4.3. Food Manufacturing
12.4.4. Sporting Goods
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hard Coatings Market Size and Volume Forecast by Type
12.7.1. Carbon
12.7.2. Oxide
12.7.3. Multicomponent Paint
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hard Coatings Demand Share, 2019-2026
13. Middle East & Africa Hard Coatings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hard Coatings Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hard Coatings Market Size and Volume Forecast by Application
13.4.1. Transport
13.4.2. Medical
13.4.3. Food Manufacturing
13.4.4. Sporting Goods
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hard Coatings Market Size and Volume Forecast by Type
13.7.1. Carbon
13.7.2. Oxide
13.7.3. Multicomponent Paint
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hard Coatings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hard Coatings Market: Market Share Analysis
14.2. Hard Coatings Distributors and Customers
14.3. Hard Coatings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cemecon
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. IHI Hauzer Techno Coating
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sulzer
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Momentive Performance Materials
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Zeiss
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ASB Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sdc Technologies
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Duralar Technologies
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ultra Optics
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. MBI Coatings
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
