Global Composite Coatings Market Expected To Reach $ 1217.2 Million By 2021 With A CAGR Of 7.7%

Date: 2017-06-26

Composite coatings are increasingly crucial in the aerospace & defense, transportation, industrial, and oil & gas industries due to their superior properties which provide anti-corrosion, self-lubrication, UV protection, chemical resistance, thermal protection, and so on.

The global Composite Coatings market is anticipated to reach USD$ 1217.2 Million by 2021, expanding at a CAGR of 7.7% between 2017 and 2021. The composite coatings market is driven by the increasing demand for anti-corrosion and self-lubrication in the transportation industry and chemical resistance and anti-corrosion in the oil & gas industry. Also, technological advancements in the mass production of composite coatings are one of the factors driving the composite coatings market globally.

Composite coatings are mainly utilized for applications such as anti-corrosion, UV protection, thermal protection, and others. Composite coatings for anti-corrosion comprise a major share in the global composite coatings market. Electroless nickel co-deposited with nano-particles such as boron nitride, diamond infused, medium phosphorus, PTFE and others are mainly used for anti-corrosion applications. These coatings are majorly used in the transportation, oil & gas, and industrial end-use industries.

Asia Pacific is the largest attractive market for composite coatings. The growing demand for public infrastructure is expected to boost market growth in this region. The increased automotive demand in China, India, Japan, and South Korea is fueling market growth in this region. The growth in this region can also be attributed to improved foreign policies in India and China due to which there is an increase in composite coatings manufacturers in this region. Asia Pacific is followed by Europe and North America. The strict environmental regulations in these regions are aiding the growth of composite coatings market.

According to survey, the region of Composite Coatings market share as following:
The key leading global players in the composite coatings market are, PPG Industries, Inc. (U.S.), Axalta (U.S.), Mader Group (France), A.W. Chesterton Company (U.S.), K C Jones Plating Company (U.S.), Om Sangyo Co. Ltd. (Japan), Endura Coatings (U.S.), Twin City Plating (U.S.), Aztron Technologies, LLC (U.S.), Nickel Composite Coating Inc. (U.S.), and Surteckariya Co. Ltd. (Japan), among others.

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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 1-510-400-8520


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