Market Snapshot:
Composite Coatings are a mixture of two or more materials, generally, resins, that protect surfaces from corrosion. It offers excellent anti-corrosion, self-lubrication, UV protection, chemical resistance, and thermal protection, making the product most desired in industrial coatings. These coatings exhibit excellent properties such as beautiful finish, fire and heat protection, and conductive coat and insulation. Rising demand for these coatings in the oil & gas industry and demand for lightweight vehicles is expected to propel demand over the forecast period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
CAGR | 7.1% |
The key Vendors profiled in the report are PPG Industries, Inc., Axalta Coating Systems, LLC, Mader Group, A.W. Chesterton Company, KC Jones Plating Company, OM Sangyo Co., Ltd., Poeton Industries Ltd., Endura Coatings, Twin City Plating, Aztron Technologies, LLC, Nickel Composite Coatings, Inc., Surteckariya Co., Ltd., Sharretts Plating Company, Electrochem, Interpalte Ltd., Composite Coating Inc., Walter Hunger GmbH & Co., NEI Corporation, Verometal, Advanced Surface Technologies, Inc., Laser Applied Surface Engineering Ltd., Microplating, Inc. and Monroe Plating. Additionally, other players that are part of this comprehensive study are Endura Coatings (United States), Twin City Plating (United States), Aztron Technologies LLC (United States), Nickel Composite Coating Inc. (United States), Surteckariya Co. Ltd. (Japan), BEECK Mineral Paints (United States) and Benjamin Moore & Co (United States).
Market Drivers
- High Demand of Composite Coating for Anti-Corrosion in Automotive & Transportation and Infrastructure Industries
- Growth in Oil & Gas Exploration Activities across the Globe
Market Opportunties
- Development of Nano-Based Composite Coatings for Automotive Industry
- Initiatives by Developing Countries Government to Ensure Time-Bound Creation of an Excellent Infrastructure
- Rising Demand for Low VOC Coatings
Restraints
- Fluctuation in the Raw Material Cost
Geographic Breakdown and Segment Analysis
The Global Composite Coatings market presents a comprehensive analysis of the Composite Coatings market by end-user/application (Aerospace & Defense, Marine, Automotive and Transportation, Building & Construction, Oil and Gas and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up.
This section of our report presents a realistic picture of the Global Composite Coatings industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Composite Coatings market
Analyst at AMA have segmented the market study of Global Composite Coatings market by Type, Application and Region.. .
Market Developments Activities:
On December 24, 2020, PPG Industry Inc., acquired Ennis-Flint, a global leader in pavement markings and traffic safety solutions with a wide range of products, including traffic paint, hot-applied and preformed thermoplastics, raised pavement markers, and intelligent transportation systems.
On March 17, 2021, Pronexos has launched Tonex, a new range of wear-resistant composite coatings for CFRP rollers that will offer customers new cost-effective options for CFRP roller applications.
The global composite coatings market is highly fragmented in nature as there are numerous players present in the market across the globe. Moreover, the scope for technological innovations and advancements, mergers and acquisitions, partnerships,s and collaborations in the industry is also expected to open new avenues for industry growth over the forecast period.
Key Target Audience
Composite Coatings Manufacturers, Raw Material Suppliers, Distributors and Suppliers, Industry Associations, R&D Institutions, End-Use Industry and Others