Study Finds That Regulations Drive Market for Abrasion-Resistant Coatings
DUBLIN — Research and Markets has released a new report that lists a major factor driving the market for abrasion-resistant coatings to be stringent EU and U.S. regulations regarding VOC emissions. Other major drivers include the favorable properties of abrasion-resistance coatings, such as fast curing time and high temperature resistance. The demand for abrasion-resistant coatings is also increasing from developing economies such as China, India and Indonesia.
In the power generation sector, abrasion-resistant coatings are used on wind turbine blades, concrete cooling towers, valves, containment vessels, nuclear components, generators, dam structures, and turbines. These coatings improve UV stability and offer minimal dirt pick-up, excellent abrasion resistance, and low reflectivity. Abrasion-resistant coatings are used to protect offshore wind turbines by protecting blades from the harsh environment in the sea.
Ceramic-based abrasion-resistant coatings are broadly classified into oxide, carbide and nitride coatings. Oxide coatings are the most widely used coatings among the various ceramic-based coatings. They are used in applications such as aircraft manufacturing, aircraft engine manufacturing, automobile engine manufacturing, fuel cell development, stainless steel products, stirling engines, rolling contact bearings, and hydrogen lines or containers.
APAC is the fastest-growing market for abrasion-resistant coatings in the world. Availability of cheap labor, high population growth, and high levels of foreign investments are the key factors for the rapid growth in countries such as China, India and Japan. China is estimated to be the largest market for abrasion-resistant coatings in the Asia-Pacific region. China is one of the largest manufacturing and industrial hubs and is also the largest exporter of various goods in the world. The strong manufacturing sector in the country is the key driver for the growth in the demand for abrasion-resistant coatings.
The leading players in the abrasion-resistant coatings market are AkzoNobel N.V. (Netherlands), Saint-Gobain (France), The Jotun Group (Norway), The Sherwin-Williams Co. (United States), Hempel A/S (Denmark), Praxair Surface Technologies (U.K.), Henkel (Germany) and Sika AG (Switzerland).
The research report categorizes the global abrasion-resistant coatings market on the basis type, end-use industry and region. The report includes detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints and opportunities. It conducts a detailed analysis of the key market players and provides insights into business overviews, services, key strategies and recent developments associated with the market.
For more information, visit https://www.researchandmarkets.com/reports/4808165/abrasion-resistant-coatings-market-by-type#pos-0.