About Hard Coatings
Hard coatings are resilient to wear, corrosion, and resistant to the temperature. They also have a post lubrication friction coefficient at a low level. Hard coatings find various applications. For example, they are used for coating lenses to render them resilient to scratches and subsequently, improve their toughness and increase their lifespan. They also find applications in cutting tools, decorative coatings, optics, gears, bearings, cams, cylinders, hydraulic and pneumatic components, injection molding dies, implants and firearms.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
OC Oerlikon Corporation AG (Switzerland), IHI Ionbond AG (Switzerland), CemeCon (Germany), IHI Hauzer Techno Coating B.V. (Netherlands), Sulzer Ltd. (Switzerland), Momentive Performance Materials (Ireland), Zeiss (Germany), ASB Industries (United States), Sdc Technologies (United States) and Duralar Technologies (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Ultra Optics and MBI Coatings.
Segmentation Overview
AMA Research has segmented the market of Global Hard Coatings market by Type (Carbon, Oxide and Multicomponent Paint), Application (Cutting Tools, Decorative Coatings, Optics, Gears, Bearings, Cams, Cylinders, Hydraulic/Pneumatic Components and Others) and Region.
On the basis of geography, the market of Hard Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use, the sub-segment i.e. General manufacturing will boost the Hard Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Nitrides will boost the Hard Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deposition Technique, the sub-segment i.e. Physical vapor deposition will boost the Hard Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Usage of Hard Coatings in Developing Nations
Market Growth Drivers:
Growing Healthcare Market and Efficiency of Hard Coatings
Challenges:
Developing Cheaper Substitutes
Restraints:
Huge Total Cost of Ownership and Highly Capital Intensive
Opportunities:
Brics Countries Offer Untapped Opportunities for Geographical Expansion for Hard Coating Manufacturers and New Technological Developments
Market Leaders and their expansionary development strategies
In October 2020, SDC Technologies, Inc. (SDC) the recognized global leader in premium, high-performance abrasion resistant coating solutions, has acquired COTEC GmbH, an established innovator in the development and manufacture of high quality PVD (physical vapor deposition) and MLD (molecular layer deposition) materials for hydrophobic, oleophobic and anti-reflective coatings in the ophthalmic, precision optics, automotive and display markets.
In January 2023, Tnemec Company, Inc., a leading manufacturer of high- performance protective coatings, is proud to launched of Series 975 Aerolon, a further advancement of the company’s industry-leading insulative coating technology.
Key Target Audience
Manufacturers of Hard Coatings, Manufacturers in End-use Industries, Traders, Distributors, and Suppliers of Hard Coatings, Regional Manufacturers' Associations for Hard Coatings and Government and Regional Agencies and Research Organizations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.