28 November 2019
The Abrasion Resistant Coatings Market Report 2020-2030: Forecasts by Type (Metal/Ceramic, Polymer), End-Use Industry (Oil & Gas, Marine, Power Generation, Transportation, Mining, Construction), by region and analysis of leading companies operating in this industry.
The global market size of antimicrobial powder coating is estimated to exceed USD 8.5 billion by 2020 and is expected to grow over the forecast period at a CAGR of more than 6.5 percent. In recent years, abrasion-resistant coatings have seen substantial application growth across a range of end-use industries. Such coatings are primarily used to reduce or eliminate surface wear, particularly in areas where lubricants are not suitable. Of example, in high-temperature and toxic environments and also where operating times are steep, lubricants and greases cannot be used. The coatings are designed with the main goal of extending a product's life.
Abrasion resistance coatings are applied mostly in the power generating sector for wind turbine blades, pumps, concrete cooling towers, nuclear parts, containment vessels, generators, turbines, and dam construction,. Abrasion resistant coatings resistant to the adverse effects of climatic conditions, mostly in the power generation sector In the wind industry, abrasion-resistant coatings based on fluoropolymers are used in wind blades, which improves the blade's operability over conventional paints and gelcoats by 20 years. This increases UV stability, minimizes the pick-up of dust, and provides excellent abrasion resistance and low reflectivity.
Abrasion-resistant coatings have corrosion-resistant surface protection. Growing demand for polymer-based high-temperature coatings, increasing demand for ceramic-based coatings of superior quality, and growing economies are expected to drive the global market for abrasion-resistant coatings. These coatings are used widely in various indoor and outdoor applications. Superior wear properties and chemical resistance are the significant properties exhibited by abrasion resistant coatings. In addition, increased demand for low-VOC, increased need for environmentally friendly coatings, and increased demand for oxide coatings are projected to fuel the global market for abrasion-resistant coatings.
As the region has seen a massive expansion of power generation and marine industries, North America is expected to lead the global market for abrasion-resistant coatings. Increasing demand for improved goods and rapid industrialization could also be responsible for boosting the region's market for abrasion-resistant coatings. Asia Pacific is another prominent region in the global abrasion-resistant coatings market. It is presumed that the growing oil and gas industry is boosting the region's abrasion-resistant coating market.
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