Increasing investments in the manufacturing industries primarily in the power generation industry of the APAC region is expected to drive the market.
Power generation sector is estimated to be the fastest growing segment as they offer protection against the adverse effects of weather conditions. Some of the major applications of abrasion resistance coatings are wind turbine blades, concrete cooling towers, valves, containment vessels, nuclear components, generators, dam structure, and turbines. In wind blades abrasion resistance coatings offers enhanced operability of the blades by 20 years as compared to traditional paints and gelcoats. It also improves UV stability, enables minimal dirt pick up, and offers excellent abrasion resistance and low reflectivity.
Ceramic-based abrasion resistant coatings are broadly segmented into oxide, carbide, and nitride coatings. These coatings are preferred over other material types, due to their excellent high-temperature and abrasion resistance. Although, ceramic coatings are more expensive than other materials due to involvement of costly thermal spray process. However, the overall life cycle cost will be lesser as compared to polymer based coatings due to less maintenance involved with ceramic coatings.
Europe is an important market and is expected to capture highest share in abrasion resistant coatings market. Major countries in European market include Germany, France, Russia, Italy, and the UK, among others. The market for abrasion resistant coatings in Germany is driven by the increasing focus on the generation of renewable sources of energy. The region has been active in renewable power generation.
Major players operating in the market are AkzoNobel N.V. (Netherlands), Saint-Gobain (France), Jotun A/S (Norway), The Sherwin-Williams Company (US), Hempel A/S (Denmark), Praxair Surface Technologies (UK), Henkel (Germany), and Sika AG (Switzerland).
Key Questions Addressed by the Report
· What are the global trends in the demand for abrasion resistant coatings? Will the market witness an increase or decline in demand in the coming years?
· What is the estimated demand for abrasion resistant coatings? Which type is used the most in end-use industries?
· What were the revenue pockets for the abrasion resistant coatings market in 2018?
· What are the upcoming technologies/product areas that will have a significant impact on the market in the future?
Which are the major abrasion resistant coatings manufacturers, globally?
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1.1.Enforcement of VOC Emission Regulations
3.1.2.Demand for High-Temperature Polymer Abrasion Resistant Coatings
3.1.3.Superior Properties of Ceramic Coatings
3.1.4.Demand for Efficient Processes and Improved Life of Equipment and Devices
3.1.5.Increasing Demand From Emerging Economies
3.1.6.Stringent Regulatory Policies and Local Laws for Pollution Control
3.1.7.Capital-Intensive Operations for Ceramic Coatings
3.2.1.Increase in the Installation of Scrubbers in the Marine Industry
3.2.2.Growing Demand for Fluoropolymer Abrasion Resistant Coatings
3.2.3.Increasing Activities in Shipbuilding and Pipeline Industries
4. Executive Summary
5. Abrasion Resistant Coatings Market, By Type
5.1. Metal/Ceramic Coatings
6. Abrasion Resistant Coatings Market, By End-Use
6.1. Oil & gas
6.3. Power Generation
7. Abrasion Resistant Coatings Market, By Region
7.1. North America
7.2. Asia Pacific
7.2.5.Rest of APAC
7.3.6.Rest of Europe
7.4.4.Rest of MEA
7.5. Latin America
7.5.4.Rest of Latin America
8. Company Profiles
8.2. The Sherwin-Williams Company
8.4. Jotun Group
8.5. Axalta Coating Systems
8.6. Sika AG
8.8. Praxair Surface Technologies
8.9. PPG Industries
8.10. Hardide Plc
*Company introduction, financial information, recent developments, SWOT analysis
15. Conclusion and Recommendations
16.2. Related Reports