According to MRFR analysis, the Abrasion-Resistant Coatings Market is projected to register a CAGR of over 6% to reach USD 11.8 Billion by the end of 2025.
Abrasive resistant coatings are extensively used to reduce or eliminate wear, extending the lifetime of products. These coatings are used in applications, where lubrications are not suitable. Additionally, these coatings exhibit superior wear attributes and chemical resistance and are employed to strengthen mechanical properties, such as hardness and toughness.
The factors influencing the growth of the market include the expanding end-use industries across the globe, wherein these coatings find uses in various interior and exterior applications. The high demand for oxide coatings due to their low volatile organic components (VOC) is the key driver of the global market growth. The oil & gas industry widely uses abrasive resistant coatings in various types of equipment such as pumps, separators, shakers, and drills. Pertaining to the stringent regulations such as the Clean Air Act and Clean Water Act for environmental protection is expected to fuel the demand for oxide coatings.
Increasing investment in the manufacturing sectors worldwide is another major factor expected to drive the demand for abrasive resistant coatings. According to the Organization for Economic Co-operation and Development (OECD), the US has been an attractive manufacturing location relative to other countries in recent years. In 2016, 45% of foreign direct investment in the US was in the manufacturing sector. Thus, the manufacturing sector is witnessing significant growth in the US as compared to France, Canada, and the UK.
The increasing manufacturing activities in the oil & gas, marine, power generation, transportation, and other industries is projected to boost the demand for abrasion-resistant coatings during the review period.
Abrasion-resistant coatings help industrial parts and equipment last longer and perform better while minimizing maintenance requirements and replacement costs. The ingredients used in these coatings are tungsten carbide, chrome oxide ceramics, aluminum oxide ceramics, and others. These coatings protect the metal surfaces and act as a barrier to inhibit the contact between chemical compounds or corrosive materials. Abrasion-resistant coatings are also called a protective metal coating.
These coatings are widely used in end-use industries such as oil & gas, marine, power generation, transportation, mining, and construction, among others.
The price of abrasion-resistant coatings depends upon the resin or ceramic being used to manufacture the coatings. The raw materials for polymer production include oil, natural gas, and coal. The fluctuating price of petroleum-based raw materials due to the supply-demand gap affect the final prices for polymer-based coatings. The major ceramic raw materials include kaolinite, alumina, silicon carbide, tungsten carbide, and others. The raw materials for ceramic coatings are metals and elements found in nature. Factors such as changing geological and weather conditions, environmental regulations, and energy cost play vital role in the manufacturing of ceramic-based coatings.
An inclination toward environmentally friendly products.
By End Use
|Market Size||2025: USD 11.8 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, End-Use Industry and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Akzo Nobel NV, Saint-Gobain, Jotun A/S, The Sherwin-Williams Company, Hempel A/S, Praxair Surface Technologies Inc., PPG Industries, Evonik Industries, Sika AG, Arkema SA, Hardide Plc, Henkel|
|Key Market Opportunities||Growth of the end-use industries across the glob|
|Key Market Drivers||Increase in the number of manufacturing industries has surged the demand for abrasion-resistant coatings|
Frequently Asked Questions (FAQ) :
The Abrasion-Resistant Coatings Market can gain a growth rate of more than 6% in the years to come.
By 2025-end, the market value can be USD 11.8 Billion.
The major growth influencers in the market include the rising number of end-use industries demanding abrasion-resistant coatings for exterior and interior applications. Also, the increasing spending on the manufacturing industries across the globe can also benefit the market.
Some of the significant market end-users outlined in the MRFR study include mining, marine, transportation, power generation, construction, oil & gas, and more.
The market growth in MEA is expected to be stable, given the extensive presence of massive oil & gas reserves along with an expanding infrastructural sector in the region.