Composite Coatings Market likely to witness an impressive CAGR of 8.2%, as estimated by Stratview Research
Stratview Research in its recent report has offered an overlook of the
current Composite Coatings Market scenarios and has also
estimated the Composite Coatings Market size to reach grow at CAGR of 8.2%. The insights highlighted in the
report are based on data that is carefully collected from reliable sources and
is then scrutinized to have a proper analysis.
Not only the report offers the market size but also details about the
market segmentation with its share. Stratview Research also extends its
research to offer a forecast of
the market during the period, to provide the clients with base knowledge of the
market and make strategies to have beneficial results ahead.
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Composite Coatings are mainly protective layers that are applied to concrete, steel, or any other substrate material. They are applied for the basic reason of protecting the substrate material from corrosion.
Composite Coatings are used with the technique of laser melt
injection, brazing, electroless plating, and others. Transportation, aerospace
& defense, industial, oil & gas, and others are the industries where
the composite coatings are used.
This report studies the market covering a period of 12 years of
trend and forecast. The report provides detailed insights into the market
dynamics to enable informed business decision making and growth strategy
formulation based on the opportunities present in the market.
Click here for description of the
report:
https://www.stratviewresearch.com/711/composite-coatings-market.html
Based on the
application type, the market is segmented as anti-corrosion, UV protection,
thermal protection, and others. Composite coatings for the anti-corrosion
application occupy a major chunk of the market owing to their remarkable
properties, such as uniform coating thickness, precision, and consistency, and
likewise. On account of these features, they are utilized in large volumes in
industries such as industrial, transportation, and oil & gas.
Based on the
end-use industry type, the market is segmented as transportation, aerospace and
defense, industrial, oil & gas, and others. The transportation end-use
industry has been estimated as the fastest-growing segment in the composite coatings
market. Composite coatings offer numerous features comprising uniform coating
thickness, accuracy, stiffness, and consistency in comparison to powder
coatings, because of which they are utilized in various end-use industries.
In terms of
regions, North America is estimated to be the fastest-growing market for
composite coatings during the forecast period. The prime factors contributing
to its growth are the increasing demand from the transportation and aerospace
& defense industries. These advanced coatings are employed for the
different equipment used in these industries as they offer uniform coating
thickness, accuracy, stiffness, and consistency, leading to low-maintenance
cost, which is essentially required. Asia-Pacific and Europe are also expected
to offer substantial growth opportunities in the coming five years.
Check out the Table of Contents here:
https://www.stratviewresearch.com/toc/711/composite-coatings-market.html
Highlights of the Report:
Composite Coatings Market is likely to witness an impressive CAGR of 8.2%
during the forecast period. Growing demand for composite coatings for
anti-corrosion and self-lubrication in the transportation industry and
anti-corrosion and chemical resistance in the oil & gas industry are the
major factors immensely contributing towards the growth of the composite
coatings market.
Some of the major players in the composite coatings market are Axalta
Coating Systems, LLC, A.W. Chesterton Company, KC Jones Plating Company, PPG
Industries, Inc., OM Sangyo Co., Ltd., Poeton Industries Ltd., Nickel Composite
Coatings, Inc., Surteckariya Co., Ltd., Sharretts Plating Company, and Walter
Hunger GmbH & Co. Kg.
Features of the Report
This report offers high-quality insights and is the
outcome of detailed research methodology comprising extensive secondary
research, rigorous primary interviews with industry stakeholders and validation
and triangulation with Stratview Research’s internal database and statistical
tools.
The Composite Coatings Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply
chain analysis
- Market environment analysis: Growth drivers and constraints,
Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product
portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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