Global Composite Coatings Market: Snapshot

Products in the global composite coatings market, composite coatings are manufactured by adding two or more substances of varied physical and chemical properties. These can include, in most common cases for the composite coatings, resins such as epoxy and polyurethane. These products in the global composite coatings market can be applied to various substrate surfaces of varying textures or formats such as concrete or steel. Primary purpose of applying composite coatings is to protect the substrate surface from hazardous external conditions. These products in the global composite coatings market are applied to protect important surfaces against corrosion, harmful radiations, and fire. Applied through various different techniques such as brazing, laser met injection, and electro less plating, products in the global composite coatings market display various properties according to their matrix and reinforcement materials.

Most sought after properties in products in the global composite coatings market include anti-corrosion, Ultra violet protection, thermal protection, self-lubrication, and chemical resistance, among others. Surging applications in industrial and original equipment manufacturing are anticipated to bolster the rise of the global composite coatings market in coming years. Rising demand for the products in global composite coatings market can also be attributed to their excellent thermal barrier and intumescent properties. Increasing demand from construction and oil and gas industries is expected to augment the growth of the global composite coatings market in coming years.

Composite coatings are protective layers applied to substrates such as steel, concrete, or metals. They provide excellent corrosion protection and waterproofing. Composite coatings offer protection against fire, heat, corrosion, and harmful radiations. Different layers of composite coatings include adhesive treated substrate, primer, base coat, and top coat. The construction industry is one of the common end-user industries of composite coatings. These coatings are typically used to protect steel from corrosion in the building & construction industry. Composite coatings are used as intumescent and thermal barriers on concrete and other materials. Commonly used composite coatings are light in weight; as a result, they help improve fuel efficiency. Besides construction, other industries that employ composite materials are manufacturing, automotive, aerospace, and oil & gas. Composite materials are coated on various substrates with the help of technologies such as laser melt injection, electroless plating, brazing and others. Composite coatings have attractive properties such as uniform coating thickness, accuracy, and consistency.

Rapid expansion in automotive and aerospace industries is the key factor driving the global composite coatings market. Anti-corrosion properties of composite coatings are also anticipated to drive the global composite coatings market. Growth in population and rapid industrialization are major factors boosting the composite coatings market in emerging economies. Attractive growth opportunities offered by the oil & gas industry is expected to propel the composite coatings market in the near future. Technological innovations in processes such as piping system, and downhole tubing systems are anticipated to augment the composite coatings market. Composite coatings are used in coating airframes in aircraft. They are also used to coat wind turbine blades. Increase in awareness about renewable energy is estimated to augment the consumption of composite coatings.

Based on application, the global composite coatings market can be segmented into transportation, oil & gas, building & construction, marine, and metal forming. In terms of technology, the composite coatings market can be classified into laser melt injection, electroless plating, brazing and others. Others segment can be sub-segmented as laser cladding and electrochemical. Composite coatings contain resin and fiber. Commonly used resins include epoxy, polyester, polyamide, and cyanate ester. Fibers can be categorized into glass fiber, carbon fiber, and aramid fibers.

The global composite coatings market expanded at significant pace in 2016. This trend is anticipated to continue during the forecast period. In terms of geography, the composite coatings market can be divided into Asia Pacific, North America, Europe, Middle East & Africa, and Latin America. Increase in population and rise in number of transportation vehicles in China and India are propelling the composite coatings market in Asia Pacific. North America offers attractive growth opportunities to the composite coatings market owing to the expansion in aerospace and defense sectors in the region. Growth in the automotive industry coupled with technological advancements is anticipated to fuel the composite coatings market in Europe. In Latin America, recent advancements in the aerospace industry and building & construction industry are anticipated to drive the composite coatings market in the near future. Rise in immigration and rapid urbanization in Middle East & Africa are boosting the composite coatings market in the region.

High degree of competition exists in the global composite coatings market. Key players operating in the market include PPG Industries Inc, Axalta Coating Systems LLC, and Nickel Composite Coatings, Inc. 

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

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All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
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The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

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Composite Coatings Market