Composite Coatings Market is projected to reach USD 1,306.8 million by 2022

NEW YORK, June 26, 2017 /PRNewswire/ -- Highlights

·         The composite coatings market is projected to register a CAGR of 7.7% during the forecast period

·         The composite coatings market is projected to reach USD 1,306.8 million by 2022, at a CAGR of 7.7% from 2017 to 2022.

·         The major drivers stimulating the composite coatings market are, increasing demand for composite coatings for anti-corrosion and self-lubrication in the transportation and anti-corrosion and chemical resistance in the oil & gas industry.

·         The high production cost is a factor restraining the composite coatings market.

·         Transportation is the fastest-growing segment in the composite coatings market

·         Transportation is the fastest growing application market of composite coatings between 2017 and 2022, as the use of these advanced coatings provides greater rigidity and a self-lubrication in comparison to other coatings.

·         Composite coatings offer corrosion resistance, operational & dimensional stability at high temperatures, and self-lubrication, thus leading to increasing usage in the transportation end-use industry.

·         North America is the fastest-growing market for composite coatings

·         North America is expected to be the fastest-growing market for composite coatings from 2017 to 2022. The major factors that are expected to contribute to this growth are the increasing demand for composite coatings from the transportation, aerospace & defense, and oil & gas end-use industries.

·         Increasing demand for composite coatings for anti-corrosion and self-lubrication in the transportation and anti-corrosion and chemical resistance in the oil & gas industry are some of the factors driving the demand for composite coatings in the North American region.

The composite coatings market is projected to register a CAGR of 7.7% during the forecast period
The composite coatings market is projected to reach USD 1,306.8 million by 2022, at a CAGR of 7.7% from 2017 to 2022. The major drivers stimulating the composite coatings market are, increasing demand for composite coatings for anti-corrosion and self-lubrication in the transportation and anti-corrosion and chemical resistance in the oil & gas industry. The high production cost is a factor restraining the composite coatings market.

Transportation is the fastest-growing segment in the composite coatings market
Transportation is the fastest growing application market of composite coatings between 2017 and 2022, as the use of these advanced coatings provides greater rigidity and a self-lubrication in comparison to other coatings. Composite coatings offer corrosion resistance, operational & dimensional stability at high temperatures, and self-lubrication, thus leading to increasing usage in the transportation end-use industry.

North America is the fastest-growing market for composite coatings
North America is expected to be the fastest-growing market for composite coatings from 2017 to 2022. The major factors that are expected to contribute to this growth are the increasing demand for composite coatings from the transportation, aerospace & defense, and oil & gas end-use industries. Increasing demand for composite coatings for anti-corrosion and self-lubrication in the transportation and anti-corrosion and chemical resistance in the oil & gas industry are some of the factors driving the demand for composite coatings in the North American region.

This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into the following three categories:

• By company type- Tier 1- 35%, Tier 2- 25%, and Tier 3- 40%
• By designation- C Level- 30%, Director Level- 25%, and Others- 45%
• By region- North America- 30%, Asia-Pacific- 30%, Europe- 25%, Middle East & Africa-10%, and Latin America-5%

The report provides a comprehensive analysis of the companies listed below:

• PPG Industries, Inc. (U.S.),
• Axalta Coating Systems, LLC (U.S.)
• Mader Group (France)
• A.W. Chesterton Company (U.S.)
• K C Jones Plating Company (U.S.)
• Om Sangyo Co. Ltd. (Japan)
• Endura Coatings (U.S.)
• Twin City Plating (U.S.)
• Aztron Technologies LLC (U.S.)
• Nickel Composite Coating Inc. (U.S.)
• Surteckariya Co. Ltd. (Japan)

Research Coverage
This report covers the global composite coatings market and forecasts the market size until 2022. The report includes the market segmentation by technique (laser melt injection, brazing, electroless plating, and others), by application (anti-corrosion, UV protection, thermal protection, and others), end-use industries (aerospace & defense, transportation, oil & gas, industrial, and others) and region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America). Porter's five forces analysis along with the drivers, restraints, opportunities and challenges have also been discussed in the report. In addition it provides company profiles and competitive strategies adopted by the major market players in the global composite coatings market.


Reasons to Buy the Report:
The report will help market leaders/new entrants in this market in the following ways:
1. This report segments the global composite coatings market comprehensively and provides the closest approximations of the revenues for the overall market and the subsegments across different verticals and regions.
2. The report helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders better understand competitors and gain more insights to better their positions in their businesses. The competitive landscape section includes the competitor ecosystem, new product launches, agreements, expansions, and mergers & acquisitions.
Read the full report: http://www.reportlinker.com/p04950108/Composite-Coatings-Market-by-Technique-Application-End-Use-Industry-Region-Global-Forecast-to.html

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