Europe Hard Coatings Market

Europe Hard Coatings Market Size-(2023-2028)

The European Hard Coatings Market was valued at 200 Million USD in 2022. The market is expected to grow at a CAGR of 8.4% over the forecast period to reach 485 Million USD in 2028.

Hard coatings can find multiple applications in different sectors as they are resistant to rust, wear, and temperature resistance. They also have a low coefficient of friction after lubrication. For example, the application of these coatings to lenses makes them resistant to scratches and enhances their longevity. Hard coatings are common in cutting tools, decorative coatings, lenses, gears, bearings, cams, valves, hydraulic and pneumatic parts, injection molding dies, implants, and weapons. They are typically carried out through two processes, namely physical vapor deposition (PVD) and chemical vapor deposition (CVD). 

Market Segmentation:

Europe Hard Coatings Market By Material Type:

• Nitrides

• Oxides

Europe Hard Coatings Market By Application:

• Cutting Tools

• Decorative Coating

Europe Hard Coatings Market By Deposition Technique:

• PVD

• CVD

By End-Use Industry:

• General Manufacturing
• Transportation

Europe Hard Coatings Market Growth Drivers:

Major factors that have helped drive Europe Hard Coatings Market forward are-

• The steady growth of the commercial sector, primarily office space development
• The rapid development of the healthcare market is one of the key factors projected to drive the growth of the European hard coatings market throughout the forecast period
• Increased consumer awareness of the quality and advantages of the use of hard coatings
• The increasing emphasis on new product development, innovations, and research and development activities is expected to offer growth possibilities for key players over the next few years
• There has been an increase in awareness among end-users about the application advantages of hard-coating products
• Rapidly growing economies in the European region are expected to create more growth opportunities for the hardcore market

Europe Hard Coatings Market Regional Existence:

Growing awareness of the benefits of hard coating use and increasing demand for such coatings as decorative layers and cutting tools is expected to stimulate the growth of the market in the European region throughout the forecast period.

Europe Hard Coatings Market-By Region:

Europe

• United Kingdom                                            

• Germany                                       

• France                                           

• Italy                                

• Spain          

Prominent Companies in the Europe Hard Coatings Market Analyzed in the Report are:

• Sulzer Ltd
• IHI Ionbond AG
• Exene Corporation
• MBI Coatings
• CemeCon AG Deutschland
• Momentive Performance Materials Inc
• Duralar Technologies
• IHI Hauzer Techno Coating B.V
• ASB IndustriesInc
• Platit AG