North America Hard Coatings Market-By Material Type (Nitrides, Oxides), By Country – (United States and Canada), By Application (Cutting Tools, Decorative Coatings), By Deposition Technique (PVD and CVD), By End-Use Industry (General Manufacturing, Transportation) - Analysis, Size, Growth, Investment and Forecast-(2024 to 2029)

Updated On: January, 2024
ID: 8942
Pages: 145

North America Hard Coatings Market Size-(2023-2028)

The North America Hard Coatings Market is valued at 135 Million USD in 2022. The market is expected to grow at a CAGR of 7.2% over the forecast period to reach a valuation of 338 Million USD in 2028.

Hard coatings are resistant to rust, wear, and temperature resistance. These also have a low coefficient of friction after lubrication. Hard coatings can find multiple applications in different sectors. For example, they are used to coat lenses to make them resistant to scratches and, consequently, to enhance their longevity and lifespan. hey also find applications in cutting tools, decorative coatings, lenses, gears, bearings, cams, valves, hydraulic and pneumatic parts, injection molding dies, implants and weapons. ard coatings are typically carried out through two processes, namely physical vapor deposition (PVD) and chemical vapor deposition (CVD).

North America Hard Coatings Market Growth Drivers:

Major factors which have helped drive the North American Hard Coatings Market forward are-

  • The steady growth of the commercial sector, primarily office space development, is likely to have a positive impact on the market.
  • The rapid development of the healthcare market is a trend projected to drive the regional 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 generate lucrative opportunities for key players in the North American market over the next few years
  • There has been an increase in awareness among end-users about the application advantages of hard coatings

Market Segmentation

North America Hard Coatings Market By Material Type:

  • Nitrides

  • Oxides

North America Hard Coatings Market By Application:

  • Cutting Tools

  • Decorative Coating

North America Hard Coatings Market By Deposition Technique:

  • PVD

  • CVD

North America Hard Coatings Market By End-Use Industry:

  • General Manufacturing

  • Transportation

North America Hard Coatings Market Regional Existence:

The demand for hard coatings in North America is comparatively lower than in Asia-Pacific and Europe due to the economic downturn in the region. The United States of America and Canada are the two significant regions contributing to the North American hard coatings market.

By Country - United States and Canada.

Prominent Companies in the North America Hard Coatings Market analyzed in the report are:

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

 

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