Composite Coatings Market Scope
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.
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. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Composite Coatings market throughout the predicted period.
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 are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research 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).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Composite Coatings market , by Application (Aerospace & Defense, Marine, Automotive and Transportation, Building & Construction, Oil and Gas and Others) and Region with country level break-up.
On the basis of geography, the market of Composite 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).
Market Leaders and their expansionary development strategies
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.
- Bio-composites Developed from Renewable Sources
- High Demand of Composite Coating for Anti-Corrosion in Automotive & Transportation and Infrastructure Industries
- Growth in Oil & Gas Exploration Activities across the Globe
- 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
- Fluctuation in the Raw Material Cost
- Environmental Regulations by Different Countries for the Use of Chemicals and Materials
Key Target AudienceComposite Coatings Manufacturers, Raw Material Suppliers, Distributors and Suppliers, Industry Associations, R&D Institutions, End-Use Industry and Others
Frequently Asked Questions (FAQ):
1. What are the key segments playing vital role in Composite Coatings Market?
The Composite Coatings study can be customized to meet your requirements. The market size breakdown by type , by end use application [Aerospace & Defense, Marine, Automotive and Transportation, Building & Construction, Oil and Gas and Others].
2. How big is the Composite Coatings Market?
The Composite Coatings Market is gaining popularity and expected to see strong valuation by 2026.
3. What is expected growth rate in Composite Coatings Market?
According to AMA, the Global Composite Coatings market is expected to see growth rate of %.