Market Research Report
Global Hard Coating Market - 2020-2027
|Global Hard Coating Market - 2020-2027|
Published: April 1, 2021
Content info: 180 Pages
Delivery time: 2 business days
Hard coating is a coating technique by anodization of sulfuric acid with the electrolyte concentration, temperature and electric current parameters altered to produce the hardened surface. These coatings are resistant to corrosion, hardness and wear, electricity and temperature. It has low friction coefficient after lubrication. Owing to these properties, the global hard coatings market is expected to witness an increased demand. Moreover, hard coatings are used for coating the lenses to make them scratch resistant thereby, improving the longevity and durability.
The global hard coatings market size was worth US$ XX billion in 2019 and is further expected to reach US $ XX billion by 2027, with a CAGR of X% during the forecast period (2020-2027).
The hard coatings market is mainly propelled by a surge in product demand in the Asia-Pacific region, increasing awareness about the benefits of hard coatings, and emerging automotive and healthcare sectors. General manufacturing is one of the key markets for hard coatings in emerging as well as developed countries.
The rapid development of the healthcare market across the globe is expected to fuel the growth of the global hard coatings market during the forecast period. Additionally, the growing awareness among consumers regarding the efficiency and benefits of using hard coatings and increasing research and development activities are some of the key factors anticipated to accelerate the growth of the market during the forecast period.
Rising technological advancements will offer lucrative opportunities hard coating manufacturers that will lead to the growth of hard coating market during the forecast period. Moreover, the rising focus on new product development, innovations, and research & development activities is estimated to generate opportunities for the key players operating in the global hard coatings market in the next few years.
COVID-19 affected the global economy in many forms, such as directly affecting demand and production, supply chain distraction, and financial impact. COVID-19 pandemic have highly affected the global hard coatings market due to the shutting down of factories, supply chain disruptions and unethusiastic labor force to work remotely.
Based on the material type, the global hard coatings market has been classified as- nitrides, oxides, carbon-based and others.
Borides are extensively used in the hard coatings market. This chemical is perhaps one of the most heat-resistant and hardest compounds. Moreover, it is often used as coatings for materials which have to withstand the harshest conditions because of their incredible toughness - from the inside of the combustion engines to cutting tools for hard metals.
Based on the techniques, the global hard coatings market has been classified as- physical vapor deposition and chemical vapor deposition. Physical vapor deposition (PVD) is a process of vaporization coating, where the base material is used to form a thin layer of coating on an object by evaporating and condensing the material. PVD technique accounted for the largest market share as it less time intensive and durable.
Physical Vapor Deposition held the largest share in the hard coatings market as they are in high-demand in various end-use industries such as aerospace, automotive, cutting tools, and others. The electron beam, sputter deposition, evaporative deposition, physical vapor deposition, pulsed laser deposition, and cathodic arc deposition are the techniques used in physical vapor deposition.
Based on the application, the global hard coatings market has been classified as- decorative coatings, cutting tools, optics, and others.
The optical industry is one of the significant users of hard coatings. Generally, lenses and other optical components use soft coatings, but with the advancement of high performing techniques, such as hard coating, the use of soft coating becomes obsolete.
Based on geography, the study analyzes the global hard coatings market, including Europe, Asia-Pacific, North America, South America, and the Middle East & Africa.
Asia-Pacific witnessed the highest market share in the global hard coatings market in terms of revenue share, due to its growing product consumption in many industries, such as buildings and construction, general manufacturing, transportation, etc. In the buildings and construction industry, hard coatings can be used for interior or external decorative purposes. Also, there is an increasing demand for various resistance coatings, for instance scratch, electricity, hardening and wear.
The global hard coatings market is highly competitive. The key players in global hard coatings market which are contributing to the growth of the global market include OC Oerlikon Corporation AG, IHI Ionbond AG, CemeCon, IHI Hauzer Techno Coating B.V., Sulzer Ltd., Momentive Performance Materials Inc., Kobelco, Zeiss Group, Ultra Optics and Mbi Coatings.
Overview: OC Oerlikon Corporation AG is a global technology group founded in 1973 in Switzerland. It operates its business in two Divisions - Surface Solutions and Manmade Fibers. Company holds various brands like oerlikon balzers, oelikon metco, oerlikon am and others.
Product Potfolio: OC Oerlikon Corporation AG offers various products under its own brands such as staple fibres, carpet yarn, coatings, software solutions, automation solutions, heat treatment and others.
The Global Hard Coating Market report would provide access to an approx. 54 market data table, 54 figures and 230 pages.