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Pulished Date February, 2020
ID: 8397
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Composite Coatings Market by Technique (Laser Melt Injection, Brazing, Electroless Plating), Application (Anti-Corrosion, UV Protection, Thermal Protection), End-Use Industry (Aerospace & Defense, Transportation, Industrial, Oil & Gas, Others), Region - Global Forecast to 2023

Pulished: February, 2020
ID: 8397
Pages: 170

Composite Coatings Market Overview

The composite coatings industry in value terms was valued at USD 840.2 million in 2020 and is predicted to reach USD 1,306.9 million in 2025 with an annual expansion rate of 7.3% between 2020 and 2025. Composite coatings are manufactured by combining two or more protective substances against corrosion. These coatings are made from a variety of resins, like polyurethane and epoxy, which provide excellent impermeability and corrosion protection, which is preferred by end-use businesses like oil and gas and aerospace. The growing call for these coatings in the oil and gas industry, where transportation and pipelines are critical components, is predicted to drive call in the next five years.Composite coatings are protective layers applied to substrates. They offer excellent corrosion protection and excellent waterproofness. The construction industry is one of the most common businesses for end users of composite coatings. These coatings are generally employed to protect steel from corrosion in the construction industry. Commonly employed composite coatings are lightweight; therefore, help improve fuel efficiency. In addition to construction, other businesses that use composite materials include manufacturing, automotive, aerospace, and oil and gas. Composite coatings have interesting features, like uniform coating thickness, precision, and consistency.

Market Trends:

The growing call for self-lubricating and anticorrosive composite coatings in the transportation industry and the chemical and anticorrosive resistance in the oil and gas industry are the key factors for the expansion of the global composite coatings market. The worldwide industry for composite coatings is predicted to grow at a substantial rate due to rising call for oil and gas, transportation, and the marine industry. The product offers superior resistance to corrosion and chemicals that is predicted to have a positive impact on industry trends in the next eight years. Furthermore, it exhibits excellent insulating features and offers an attractive finish, which is predicted to boost the industry during the foreseen period.

Recent Developments and Trends

  • ARCI scientists are developing nanocomposite coatings that reduce friction to increase the life of the device. Various aerospace devices must reduce friction, wear and tear to improve the life of composites.
  • FMP Coatings launches a thermally activated composite coating for CUI protection. CUI protection is very important for the protection from corrosion of thermally insulated device working at high temperatures.

Composite coatings Market Drivers

The rapid expansion of the automotive and aerospace businesses is the key driver of the global composite coatings industry. The anticorrosive features of composite coatings are also predicted to drive the worldwide industry for composite coatings. Population expansion and rapid industrialization are important factors driving the industry for composite coatings in emerging economies. Composite coatings are employed in the coating of cells. They are also employed to coat the blades of wind turbines. Escalated awareness of renewable energy is believed to increase consumption of composite coatings. The growing call for self-lubricating and corrosion resistant composite coatings in the transportation industry and resistance to corrosion and chemicals in the oil and gas industry are the main factors that are contributing greatly to the expansion of the global composite coatings market. Strong call for composite coating in the transportation and infrastructure sectors for corrosion protection and self-lubrication is driving industry expansion. The growing call for composite packaging in the oil and gas industry due to chemical and corrosion resistance is driving industry expansion. The increase in automotive production in Asia-Pacific is also driving this business.

Restraints:

The global composite coatings industry is growing rapidly, in terms of value. However, there are some factors that act as constraints on your expansion in the worldwide industry. The high cost of production is a major obstacle to the expansion of the composite coatings business. The enormous manufacturing cost hinders the expansion of the market.

Opportunities:

The attractive expansion opportunities offered by the oil and gas industry are predicted to drive the composite coatings industry in the near future.

Challenges:

The roller method of applying coatings is faster than brushing, but is not commonly employed. It is not suitable for rarely flat surfaces like steel, which limits its application in some businesses like construction. This technique is considered to be less effective in various events, including roof sheeting, fastening, and corners, limiting its use against its counterparts, which should hamper your industry.

Composite coatings Market Segmentation:

By application type:

  • Anti-Corrosion
  • UV Protection
  • Thermal Protection
  • Others

Composite coatings for anti-corrosion applications occupy a large part of the industry due to their remarkable features, like uniform coating thickness, precision and consistency, and the like. Due to these characteristics, they are employed in large volumes in businesses like industry, transportation, and oil and gas.

By end use industry:

  • Transportation
  • Aerospace and Defense
  • Industrial
  • Oil & Gas
  • Others

The transportation end-use business has been predicted to be the quickest developing sector of the industry. Composite coatings offer many characteristics including uniform thickness, precision, stiffness, and consistency of the coating compared to powder coatings, making them employed in various end-use businesses.

Composite coatings Regional Analysis:
The composite coatings Report includes the segmentation of Regions with their respective Countries.

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa 

North America is predicted to be the fastest-growing industry for composite coatings in the next five years. The main factors driving its expansion are the growing call from the transport, aerospace and defense businesses. These advanced coatings are employed for various equipment employed in these businesses because they provide uniform coating thickness, precision, stiffness, and consistency, resulting in the low cost of maintenance required. The expansion of the automotive industry coupled with technological advancements is predicted to fuel the composite coatings business in Europe.

The growing population and rising number of transport vehicles in China and India are driving the composite coating industry in Asia Pacific. In Latin America, recent developments in the aerospace, building and construction businesses are predicted to drive the composite coatings industry in the near future. Escalated immigration and rapid urbanization in the Middle East and Africa are driving the composite coatings industry in the region. Asia-Pacific and Europe are also predicted to offer substantial expansion opportunities in the next five years.
Competitive Landscape:

The industry is competitive in nature because many players are present in the industry worldwide. Also, the possibilities for technological innovations and advancements in the industry are also predicted to open new avenues for the expansion of the industry in the next eight years. The Asia-Pacific region is an important industry due to the strong oil and gas manufacturing base and agribusiness.
Key Players:

Some of the significant players operating in the global composite coatings market include 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

1. Introduction                                

               1.1 Market Definition                    

               1.2 Study Deliverables                  

               1.3 Base Currency, Base Year and Forecast Periods                          

               1.4 General Study Assumptions                 

2. Research Methodology                                          

               2.1 Introduction                             

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Econometric Modelling      

                              2.2.4 Expert Validation  

               2.3 Analysis Design                        

               2.4 Study Timeline                         

3. Overview                                     

               3.1 Executive Summary                

               3.2 Key Inferences                         

               3.3 Epidemology                            

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

               4.1 Market Drivers                         

               4.2 Market Restraints                   

               4.3 Key Challenges                         

               4.4 Current Opportunities in the Market               

5. Market Segmentation                                            

               5.1 Technique                  

                              5.1.1 Introduction           

                              5.1.2 Laser Melt Injection            

                              5.1.3 Brazing     

                              5.1.4 Electroless Plating

                              5.1.5 Y-o-Y Growth Analysis, By Technique           

                              5.1.6 Market Attractiveness Analysis, By Technique          

                              5.1.7 Market Share Analysis, By Technique           

               5.2 Application                 

                              5.2.1 Introduction           

                              5.2.2 Anti-Corrosion       

                              5.2.3 UV Protection        

                              5.2.4 Thermal Protection             

                              5.2.5 Y-o-Y Growth Analysis, By Application         

                              5.2.6 Market Attractiveness Analysis, By Application        

                              5.2.7 Market Share Analysis, By Application        

               5.3 End Use Industry                     

                              5.3.1 Introduction           

                              5.3.2 Aerospace & Defense         

                              5.2.3 Transportation      

                              5.3.4 Industrial  

                              5.3.5 Oil & Gas  

                              5.3.6 Others      

                              5.3.7 Y-o-Y Growth Analysis, By End Use Industry              

                              5.3.8 Market Attractiveness Analysis, By End Use Industry             

                              5.3.9 Market Share Analysis, By End Use Industry              

6. Geographical Analysis                                            

               6.1 Introduction                             

                              6.1.1 Regional Trends    

                              6.1.2 Impact Analysis     

                              6.1.3 Y-o-Y Growth Analysis        

                                             6.1.3.1 By Geographical Area

                                             6.1.3.2 By Technique

                                             6.1.3.3 By Application

                                             6.1.3.4 By End Use Industry

                              6.1.4  Market Attractiveness Analysis      

                                             6.1.4.1 By Geographical Area

                                             6.1.4.2 By Technique

                                             6.1.4.3 By Application

                                             6.1.4.4 By End Use Industry

                              6.1.5  Market Share Analysis       

                                             6.1.5.1 By Geographical Area

                                             6.1.5.2 By Resin Type

                                             6.1.5.3 By Technique

                                             6.1.5.4 By End Use Industry

               6.2 North America                         

                              6.1.1 Introduction           

                              6.1.2 United States         

                              6.1.3 Canada     

               6.3 Europe                        

                              6.2.1 Introduction           

                              6.2.2 U.K            

                              6.2.3 Spain         

                              6.2.4 Germany  

                              6.2.5 Italy           

                              6.2.6 France      

               6.4 Asia-Pacific                

                              6.3.1 Introduction           

                              6.3.2 China        

                              6.3.3 India         

                              6.3.4 Japan        

                              6.3.5 Australia   

                              6.3.6 South Korea           

               6.5 Latin America                           

                              6.4.1 Introduction           

                              6.4.2 Brazil         

                              6.4.3 Argentina 

                              6.4.4 Mexico     

                              6.4.5 Rest of Latin America          

               6.6 Middle East & Africa              

                              6.5.1 Introduction           

                              6.5.2 Middle-East           

                              6.5.3 Africa        

7. Strategic Analysis                                      

               7.1 PESTLE analysis                        

                              7.1.1 Political    

                              7.1.2 Economic 

                              7.1.3 Social        

                              7.1.4 Technological        

                              7.1.5 Legal         

                              7.1.6 Environmental       

               7.2 Porter’s Five analysis                             

                              7.2.1 Bargaining Power of Suppliers         

                              7.2.2 Bargaining Power of Consumers     

                              7.2.3 Threat of New Entrants      

                              7.2.4 Threat of Substitute Products and Services

                              7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                       

               8.1 PPG Industries, Inc.                

                              8.1.1 Overview 

                              8.1.2 Product Analysis   

                              8.1.3 Financial analysis  

                              8.1.4 Recent Developments        

                              8.1.5 SWOT analysis       

                              8.1.6 Analyst View          

               8.2 Zircotec                      

               8.3 Axalta                          

               8.4 RPS Composites, Inc.                            

               8.5 Mader Group                           

               8.6 Basler Lacke              

               8.7 A.W. Chesterton Company                  

               8.8 Finnester Coatings Oy                           

               8.9 K C Jones Plating Company                 

               8.10 Nickel Ceramic Composite Coatings, Inc.                    

               8.11 Om Sangyo Co. Ltd.                             

               8.12 Metal Coatings Corp                           

               8.13 Endura Coatings                    

               8.14 Twin City Plating                   

               8.15 TST Engineered Coating Solutions                  

               8.16 Endura Coatings                    

               8.17 Aztron Technologies                           

9. Competitive Landscape                                         

               9.1 Market share analysis                           

               9.2 Merger and Acquisition Analysis                       

               9.3 Agreements, collaborations and Joint Ventures                          

               9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                          

               a) List of Tables                

               b) List of Figures                             

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by technique, by application , by end use industry along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Composite Coatings Market  By Region, From 2020-2025 ( USD Million )
  2. Global Composite Coatings Market  By Technique , From 2020-2025 ( USD Million )
  3. Global Laser Melt Injection Market By Region, From 2020-2025 ( USD Million )
  4. Global Brazing Market By Region, From 2020-2025 ( USD Million )
  5. Global Electroless Plating Market By Region, From 2020-2025 ( USD Million )
  6. Global  Market By Region, From 2020-2025 ( USD Million )
  7. Global  Market By Region, From 2020-2025 ( USD Million )
  8. Global  Market By Region, From 2020-2025 ( USD Million )
  9. Global  Market By Region, From 2020-2025 ( USD Million )
  10. Global  Market By Region, From 2020-2025 ( USD Million )
  11. Global Composite Coatings Market  By Application , From 2020-2025 ( USD Million )
  12. Global Anti-Corrosion Market By Region, From 2020-2025 ( USD Million )
  13. Global UV Protection Market By Region, From 2020-2025 ( USD Million )
  14. Global Thermal Protection Market By Region, From 2020-2025 ( USD Million )
  15. Global  Market By Region, From 2020-2025 ( USD Million )
  16. Global  Market By Region, From 2020-2025 ( USD Million )
  17. Global  Market By Region, From 2020-2025 ( USD Million )
  18. Global  Market By Region, From 2020-2025 ( USD Million )
  19. Global Composite Coatings Market  By End-Use Industry , From 2020-2025 ( USD Million )
  20. Global Aerospace & Defense Market By Region, From 2020-2025 ( USD Million )
  21. Global Transportation Market By Region, From 2020-2025 ( USD Million )
  22. Global Industrial Market By Region, From 2020-2025 ( USD Million )
  23. Global Oil & Gas Market By Region, From 2020-2025 ( USD Million )
  24. Global Others Market By Region, From 2020-2025 ( USD Million )
  25. Global  Market By Region, From 2020-2025 ( USD Million )
  26. Global Composite Coatings Market  By , From 2020-2025 ( USD Million )
  27. Global  Market By Region, From 2020-2025 ( USD Million )
  28. Global  Market By Region, From 2020-2025 ( USD Million )
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  30. Global  Market By Region, From 2020-2025 ( USD Million )
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  34. Global  Market By Region, From 2020-2025 ( USD Million )
  35. Global Composite Coatings Market  By , From 2020-2025 ( USD Million )
  36. Global  Market By Region, From 2020-2025 ( USD Million )
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  40. Global Composite Coatings Market  By , From 2020-2025 ( USD Million )
  41. Global  Market By Region, From 2020-2025 ( USD Million )
  42. Global  Market By Region, From 2020-2025 ( USD Million )

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