Global Composite Coatings Market is expected to reach USD 1410.38 Million by 2024 from USD 844.60 Million in 2016 at a CAGR of 7.6%. Composite coatings as thermal barrier and intumescent layer is driving the composite coatings market. Excellent corrosion resistance is projected to gain the demand. High processing cost may hamper the market But, increasing trend of protective coating is fueling the demand at greater extent. Down-hole piping system and in the tubing system is offering the opportunities in the composite coating market. Geographically, the composite coatings market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America is expected to be one of the largest market for composite coatings during the forecast period. The growth of this region is mainly attributed to the rising demand from the transportation and aerospace & defense industries. The report covers the demand and supply analysis by region, raw material availability & cost of manufacturing, pricing by region and industries that affect the overall growth and penetration of the composite coating in the market. Recent key development, key trends in technology, application, investment, patents, M&A are analyzed in the report that will provide macro as well as micro outlook of industry to the decision makers. Anti-corrosion segment in the composite coating is leading segment in the total composite market thanks to its properties like accuracy, uniform coating thickness and consistency. Increasing demand in transportation, industrial, and oil & gas sectors are driving the demand of anti-corrosion segment. Thermal protection is a second leading segment owing to effect cause to a substrate due to long time exposure to solar heat or light. Transportation end-use industry holds vital share of the composite coatings market. Trending lightweight vehicle and composite material application for vehicle fabrication is boosting the composite coatings market. Construction is second most common industries where composite coatings are used to defend steel from corrosion. Scope of the Report:
Composite Coatings Market, by Technique:
• Laser Melt Injection • Electroless Plating • Brazing • Others
Composite Coatings Market, by Application:
• Anti-Corrosion • Thermal Protection • UV Protection • Others
Composite Coatings Market, by End-Use Industries:
• Aerospace & Defense • Industrial • Transportation • Oil & Gas • Others
Composite Coatings Market, by Geography:
• North America • Europe • Asia Pacific • Middle East & Africa • Latin America Key Players Analysed in the Report: • PPG Industries, Inc. (US) • Axalta Coating Systems, LLC (US) • Mader Group (France) • A.W. Chesterton Company (US) • KC Jones Plating Company (US) • OM Sangyo Co., Ltd. (Japan) • Poeton Industries Ltd. (UK) • Endura Coatings (US) • Twin City Plating (US) • Aztron Technologies, LLC (US)
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