Report Predicts Abrasion-Resistant Coatings Market to Reach $8.46 Billion by 2021
DUBLIN – The abrasion-resistant coatings market size is estimated to reach $8.46 billion by 2021, growing at a CAGR of 6.3% between 2016 and 2021, according to a new report available from Research and Markets.
The metal/ceramic abrasion-resistant coatings segment is estimated to be the fastest growing type in the abrasion-resistant coatings market. The rising demands for abrasion-resistant coatings with excellent chemical and corrosion-resistant properties drive this segment. Ceramic coatings are inert to acid and alkali actions, making them very tough. Oxide ceramic coatings are electrically insulated and applied on substrates using thermal spray technique to protect from abrasion and corrosion.