Abrasion resistant coatings are used for minimizing and eradicating surface wear. Such coatings are primarily used in areas of application that are not appropriate for lubricants. In radioactive environments and high-temperature environments and even where running times are high, greases and lubricants do not perform well. The key goal of abrasion resistant coatings is to prolong a product’s shelf-life. Current coating systems allow metals, including galling, seizing, and other physical damage, to withstand various harmful impacts. These metals are also protected from the normal wear and tear of everyday life, despite the possible problems in applications such as pipelines.
The global Abrasion Resistant Coatings Market in 2019 was approximately USD 8.2 billion. The market is expected to grow at a CAGR of 6.5% and is anticipated to reach around USD 12.4 billion by 2026.
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The abrasion resistant coatings market research report delivers an acute valuation and taxonomy of the abrasion resistant coatings industry by practically splitting the market on the basis of different types, applications, industry verticals, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
The regional segmentation of the abrasion resistant coatings industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the abrasion resistant coatings industry is provided for the leading economies of the world.
The abrasion resistant coatings market is segmented based on type, application, and region. On the basis of type segmentation, the market is classified into metal/ceramic coatings, and polymer. In terms of end-use segmentation, the market is bifurcated into oil & gas, marine, power generation, transportation, mining, and construction.
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Some of the essential players operating in the Abrasion Resistant Coatings market, but not restricted to include AkzoNobel N.V., Arkema S.A., Hempel A/S, Henkel, Jotun A/S, Hardide Plc, The Sherwin-Williams Company, PPG Industries, Bodycote Group, Evonik Industries, Sika AG, Praxair Surface Technologies Inc., and Saint-Gobain among others.