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Hard Coatings Market –By Material, By Industry Growth Forecast Analysis by Manufacturers, Regions, Types and Applications: Acumen Research and Consulting

Press Release   •   Nov 09, 2017 01:03 EST

Introduction

Hard coating materials can be easily deposited by several deposition techniques including CVD and PVD. PVD is considered to be the most widely used technique across different industries. Cutting tools industry was the first to opt for PVD technology and is expected to continue the significant application of PVD technology in order to replace traditional deposition techniques.

Key factors supporting the demand for aforementioned techniques include less time intensity and greater durability. Moreover, major applications of these techniques are automotive, precision aerospace parts, industrial gas turbines and medical instruments. Use of hard coatings in the field of medical instruments and biomedicals in order to enhance the overall wear resistance as well as to boost biocompatibility of dental implants and prosthetics are some other key factors anticipated to augment the growth of global hard coatings market. Ceramic, metal, polymer and intermetallic are some of the most prevalent products in the global thermal spray coating industry. They are employed to several surfaces to achieve feasible and longer life spans under difficult operating situations. These coatings are widely used in the manufacture of high strength steels to be applied in LPG cylinders to avoid corrosion cracking. In addition, increasing scope in wear resistant coating, engineering coating, biomedical, automotive & aerospace, electronics, food processing, energy and semiconductors are some other key aspects anticipated to fuel the demand for hard coatings over the forecast period.

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Market Dynamics

Increasing awareness among consumers regarding the benefits of hard coatings is a key factor fueling the demand for hard coatings across the globe. However, deposition techniques for the application of hard coatings need greater investments and are generally capital intensive in nature. These factors are considered to be some of the key restraints in the global corrosion coatings market. Rapid adoption of hard coatings in general manufacturing and other related end-use industries wherein the demand for high material performances are high, large scale hard coating techniques has brought a huge number of benefits.
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Market Classification

The Global Hard Coatings Market can be segmented on the basis of material type, deposition technique, end-use industry, application and geography. On the basis of material type, the global hard coatings market can be segmented into carbides, oxides, nitrides, multi-component coatings, carbon-based, and borides. On the basis of deposition technique, the global hard coatings market can be segmented into PVD and CVD. On the basis of end-use industry, global hard coatings market can be segmented into general manufacturing, transportation and automotive, marine and aerospace, railroad, buildings & architecture, medical/dental equipment, sporting goods, food preparation equipment, and others including textile, nuclear plants and defense/military etc. On the basis of application, global hard coatings market can be segmented into optics, decorative coatings, cutting tools, cams, bearings, gears, hydraulic/pneumatic components, cylinders, and others including firearms, implants and injection molding dies, etc. On the basis of geography, the global hard coatings market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

Report Coverage

Market Global Hard Coatings Market
Analysis Period 2014 – 2024
Historic Data 2014 – 2015
Base Year 2016
Forecast Data 2017 – 2024
Market Stratification Material Type, Deposition Technique, End Use Industry, Application, Geography
Regional Scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Report Coverage Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis


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Market Participants

Major players operating in the global hard coatings market are focusing on some key market strategies such as mergers and acquisitions to keep hold in the ever competitive market. Moreover, they are concentrating on collaborating with local players to increase their market reach as well as strengthen their goodwill in the global market. Some of the major players in the global hard coatings market include OC Oerlikon Corporation AG, CemeCon, IHI Ionbond AG, Sulzer Ltd., IHI Hauzer Techno Coating B.V., Zeiss Group, Momentive Performance Materials, Inc., SDC Technologies, Inc., ASB Industries, Inc., Kobelco, Duralar Technologies, MBI Coatings, Ultra Optics, Dhake Industries, Inc., DIARC-Technology Oy, Platit AG, HardCoatings, The Eifeler Group, Exxene Corporation and Gencoa Inc. among others.

Market Segmentation

Market By Material Type

Carbides

Oxides

Nitrides

Multi-component coatings

Carbon-based

Borides

Market By Deposition Technique

PVD

CVD

Market By End Use Industry

General manufacturing

Transportation and automotive

Marine and aerospace

Railroad

Buildings & architecture

Medical/dental equipment

Sporting goods

Food preparation equipment

Others (textile, nuclear plants and defense/military)

Market By Application

Optics

Decorative coatings

Cutting tools

Cams

Bearings

Gears

Hydraulic/pneumatic components

Cylinders

Others (firearms, implants and injection molding dies)

Market By Geography

North America

o US

o Canada

o Mexico

Europe

o UK

o Germany

o France

o Rest of Europe

Asia-Pacific

o China

o Japan

o India

o Australia

o Rest of Asia-Pacific

Latin America

o Brazil

o Chile

o Rest of Latin America

Middle East and Africa (MEA)

o South Africa

o Saudi Arabia

o Rest of MEA


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About Us

Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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