Scratch Resistant Coating Market: Overview
In recent years, immense efforts for product innovation and product enhancements in the manufacturing sector have been instrumental to indirectly fuel growth of the scratch resistant coating market and is anticipated to continue to do so in the years ahead. Scratch resistant coating is significant to protect the exterior of a range of surfaces such as optical displays, instruments, and optical lenses.
Scratch resistant coating prevents wearing of a surface when a rough surface comes in contact with the surface of associated components, resulting in unwanted removal of material from the surface of the component. In addition, scratch resistant coating is used to improve the hardness of the surface of a component thereby increasing its performance and lifespan. High-grade scratch resistant coating available today provide outstanding scratch resistant.
By product type, scratch resistant coating are mainly of two types: polymer coating and metal coating.
The report provides an in-depth analysis of trends, growth opportunities, and regional landscape of the scratch resistant coating market over the 2020 – 2030 forecast period. The report delves into demand dynamics and growth indices to provide valuable insights of growth in the scratch resistant coating market over the 2020 – 2030 forecast period.
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Scratch Resistant Coating Market: Competitive Landscape
The scratch resistant coating market is competitive with a number of large players in the fray. Product development and product innovation is the focus of large players in the scratch resistant coating market to sustain competition. Large players are entering into collaborations and mergers and acquisitions with small players to expand their regional presence. This is a prominent business strategy in the scratch resistant coating market.
Key players in the scratch resistant coating market are Akzonobel N.V., Jotun, The Bodycote Group, Sherwin-Williams, PPG Industries, Hempel, I. du Pont de Nemours and Company, Praxair Surface Technologies, Evnik Industries, Arkema, and Saint- Gobain.
Scratch Resistant Coating Market: Key Trends
Measures to ensure durability of superior components to serve the demand for improved and novel products in the industrial sector holds promise for the growth of scratch resistant coating market. Besides this, industrialization and significant innovation in the industrial sector are accelerating growth in the scratch resistant coating market.
Availability of scratch resistant coating that is corrosion and chemical resistant is serving to expand their applications, thereby having a positive impact on the scratch resistant coating market. Ceramic and metal scratch resistant coating are inert to alkali and acid action, which makes them tough. For example, oxide ceramic coating is electrically insulated and can be applied on substrates to protect it from corrosion and abrasion using thermal spray.
Product innovation and product enhancements are some key trends that are pushing growth in scratch resistant coating market. For example, a new and improved polymer-based nanocomposite material for scratch resistant coating is replacing currently used polymer coating such as the one used for glass in aquariums. The aquarium windows presently are thick to resist the water pressure, however, if stronger polymer-based nanocomposites are used aquarium glasses can be made thin and light to be less expensive.
On the downside, volatile organic compounds present in scratch resistant coatings hinders growth of the market. Volatile organic compounds present in coatings are responsible for mixing of chemicals into water bodies and environment, causing serious risk to humans and the environment.
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Scratch Resistant Coating Market: Regional Assessment
North America is at the fore among other key regions in the scratch resistant coating market. The extensive growth of the power generation and marine industries are some key factors behind the growth of scratch resistant coating market in the region.
Asia Pacific is expected to emerge as a notable region in the scratch resistant coating market in the forthcoming years. Vast demand from the oil and gas industry in the developing countries of the region is expected to result in upsurge in growth of scratch resistant coating market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.