Hard Coatings Market 2021

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Hard Coatings MARKET 2020
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Hard Coatings MARKET 2020
Hard Coatings Market 2020 Industry Survey,
Growth, CompetitiveLandscape and Forecasts to
2023
Hard coating is an electrochemical process for
anodizing the surface of a substrate by using
sulfuric acid electrolyte solution, optimized
temperature, and an electric current that gives a
surface with a hard protective coating. This type
of coating is generally applied on the surface of
an object to serve protectoral, decorative, or an
operational purposes. It provides end products or
a substrate with some important characteristics
such as excellent gloss, finish, durability,
longevity, and clarity, along with greater
weather ability and superior hardness. The hard
coatings exhibit number of beneficial properties
including impact, heat, and electric resistance
as well as chemical inertness, and strong
adhesion. Hard coatings have successfully
penetrated into a vast number of industries such
as industrial manufacturing, marine, building
construction, oil gas, automotive, marine,
aerospace, mining, industrial, and energy sector.
The global protective coating market is growing
at a considerably higher CAGR, which is expected
to reach nearly USD 23 billion by 2023, which is
anticipated to boost the demand for hard
coatings. However, capital-intensive nature of
the market may hamper the growth over the review
period.
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Hard Coatings MARKET 2020
Market Segmentation The global hard coatings
coating market has been segmented on the basis of
material type, a deposition technique,
application, end-use industry, and region. On the
basis of the material type, the market is divided
into borides, nitrides, carbon-based, oxides,
multi-component coatings, and others. Among these
material types, the borides are growing at the
highest growth rate due to the significant
beneficial properties such as hard surface,
greater durability, and shine. By the deposition
technique, the market is classified into two
physical vapor deposition (PVD) and chemical
vapor deposition (CVD). The PVD is the largest
segment among them and is estimated to retain its
dominance by growing at a healthy CAGR in the
coming years. This is attributed to easy
applicability and lesser complex operation
involved in this technique, along with the less
relative cost. Enquiry of the Report
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Hard Coatings MARKET 2020
Regional Analysis
The global hard coatings coating market is
geographically divided into five key regions
which are Asia Pacific, North America, Europe,
Latin America, and Middle East Africa. The Asia
Pacific is the leading region among them owing to
the increasing demand from building
construction, automotive, and defense and marine
sector in this region. India, China, and South
Korea are the leading markets in this region
owing to growing demand from major end-use
industries such as marine, automotive, and
aerospace defense in these countries. North
America is the second most significant region in
the global hard coatings coating market. The U.S.
is the major contributor to this region due to
the presence of well-established key players and
the leading end-use industries such as marine,
defense, aerospace, and sports industry. Europe
is another substantial region in the global hard
coatings coating market. The major markets in
this region are Germany, the U.K., France, and
Italy. Latin America is witnessing a a rise in
the industrialization along with the pacifying
political and economic scenario in Brazil and
Colombia. During the forecast period, the region
is anticipated holding a significant share of the
global hard coatings coating market. The Middle
East Africa is holding relatively lesser shares
in the global hard coatings coating market. It is
anticipated to witness growth in the coming years
on account of hitherto untapped growth
opportunities in construction sectors such as
construction and automotive.
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Hard Coatings MARKET 2020
Application Major Players in this Research
Hard Coatings Market Prominent Players Key
players in the global hard coatings coating
market are Sulzer Ltd. (Switzerland), OC Oerlikon
Corporation AG (Switzerland), CemeCon AG
(Germany), IHI Ionbond AG (Switzerland),
Momentive (U.S.), ZEISS International (Germany),
ASB Industries, Inc. (the U.S), SDC Technologies
(U.S.), PLATIT AG All (Switzerland),
Hardcoatings, Inc. (U.S.), and others.
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