Global Abrasion Resistant Coatings Market is segmented By Type (Ceramic Coatings, Polymer coatings, Vinyl-Based Coatings, Others), By End User (Oil & Gas, Marine, Power Generation, Transportation, Mining, Construction, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Abrasion Resistant Coatings Market Overview
The Global Abrasion Resistant Coatings Market is expected to grow at a high CAGR during the forecast period (2024-2031).
Abrasion is also known as grinding or wearing away due to friction, it is a factor on the industrial part that doesn’t matter the hardness, and it helps to minimize the effect of friction on the outer surface of metal parts. Moreover, the growing demand for abrasive wear-resistant coatings adds durability to steel hydraulic structures, particularly for those subjected to flowing water with debris and alternate wet/dry cycles and provide corrosion and chemical resistance with good erosion and abrasion resistance to the metallic surfaces, which are regularly exposed to flowing water containing sand particles and debris.
Abrasion Resistant Coatings Market Scope
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Metrics |
Details |
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Market CAGR |
High |
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Segments Covered |
By Type, By End User and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Abrasion Resistant Coatings Market Dynamics and Trends
The marine coatings industry is on the edge of the growing demand for reduced fuel consumption in cargo and cruise ships. Increasing awareness towards environmental regulations is boosting eco-friendly, high-value, and abrasion-resistant coatings. Moreover, the need for reducing fuel consumption is the main key driver for the abrasion-resistant coatings market. More stringent environmentally sustainable goods drive business innovation and further boost the abrasion-resistant market in the forecast period.
Furthermore, oil and gas structures & plants are affected by abrasion and chemical attacks from salts acid/alkali fumes, sand, oil, salt complexes, refined products, & extreme temperature variations from freezing to heat. Oil and gas removed from beneath the surface by various equipment types like pumps, separators, shakers, and drills require abrasion-resistant coatings to protect the interior and exterior equipment for the long term. A combination of chemical, dangerous conditions, relentless grinding, and other operations significantly decrease the lifetime of extraction equipment. Hence, to increase the lifetime of equipment, we use an abrasion-resistant coating, which will boost the growth of the abrasion-resistant coatings market during the forecast period. In addition, abrasion-resistant coatings are mostly used in the power generation sector to protect against weather conditions' adverse effects. Moreover, in the power generation sector, abrasion-resistant coatings are applied in wind turbine blades, valves, concrete cooling towers, generators, containment vessels, nuclear components, turbines, and dam structures.
The research on abrasive wear resistance of conventional vinyl-based coating systems is currently used and has been compared with polymer matrix composite coatings, fibrous polymer coatings, and ultrahigh molecular weight polyethylene (UHMWPE). It has been identified that the coating systems are wettability, and their effect on the wear rate under the presence of water was studied in which the scanning of electron microscopy of the wear tracks on different coatings was conducted to research and recognize their failure mechanisms. Based on the outcomes, UHMWPE and polymer–ceramic composite coatings were found to perform more efficiently than the conventional vinyl-based coatings.
However, due to the high water force, the coating is eroded faster, leading to notable maintenance and repair costs, which also affect the aquatic animals & polluting water and are expected to decrease the abrasion-resistant market's growth.
Abrasion Resistant Coatings Market Segmentation Analysis
By type, the market is segmented into ceramic coatings, polymer coatings, vinyl-based coatings, and others. By end-user, the market is segmented into oil & gas, marine, power, generation, transportation, mining, construction, and others.
The ceramic coatings hold a larger share of the market in 2019 and are expected to dominate the forecast period. Ceramic coatings offer excellent high-temperature resistance and abrasion resistance properties, making them choose the most preferred coating.
Furthermore, ceramic abrasion-resistant coatings are broadly divided into oxide, carbide, and nitride coatings. These coatings have excellent high-temperature and abrasion resistance. In addition, ceramic coatings are more expensive due to the high cost of thermal spray is involved in the process. However, the overall life cycle cost will be less than that of polymer-based coatings due to less maintenance of ceramic coatings.
EonCoat is a type of ceramic coating that provides a rigid surface that doesn't scratch with high abrasion resistance and protects our assets in the most challenging environments. From oil storage tanks to gas pipelines, from floating roofs to industrial equipment, EonCoat protects your steel from real-world abrasion. No traditional epoxy barrier coating can match the real ceramic protection of EonCoat. For instance, an abrasion test is carried on a Taber machine that uses an abrasive wheel rotating against a coated panel and shows that the number of cycles to get .001” wear for most polymer paints is about 75 cycles, and for an ordinary epoxy, it is about 125-250 cycles. To get the same amount of wear in EonCoat, it takes >1200 cycles.
Global Abrasion Resistant Coatings Market Geographical Share
North America is expected to record the highest total shares in the abrasion-resistant coatings market. The rapid expansion of power generation, marine industry, and increasing oil & gas production in the region will drive the market’s development. Simultaneously, Asia-Pacific will also contribute to the market's significant growth due to increasing demand for oil & gas products and exploration activity in the forecast period.
Moreover, Europe is dominating the market for abrasion-resistant coatings in the forecast period, with economic countries like Germany, France, the UK, and Russia being the major countries with lucrative growth opportunities. The market's growth is driven by oil & gas, marine, construction, and renewable power industries. The expanding shipbuilding industry in the region is also one of the main factors contributing to the growing demand for abrasion-resistant coatings.
Abrasion Resistant Coatings Market Companies and Competitive Landscape
The abrasion-resistant coatings market is fragmented with the presence of regional and global players. The increased competition in the regional company and growing investment in the upstream application will boost the market's growth in the forecast period. AkzoNobel N.V., Saint-Gobain, Jotun, The Sherwin-Williams Company, Hempel, Praxair Surface Technologies, Henkel, Sika AG, Hardide Plc, PPG Industries are the major player in the coatings market. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to growing the abrasion-resistant coatings market globally.
AkzoNobel N.V.
A new type of coating, integrated 10220, is initially developed for military use by AkzoNobel Aerospace Coatings; it is likely to have a much broader impact on civil protection techniques and urban environmental projects. Integrated 10220, now on the market, was developed as a temporary peelable camouflage coating with chemical agent absorbent properties due to a three-year collaborative project between the UK Defence Science and Technology Laboratory (DSTL) at Porton Down and AkzoNobel Aerospace Coatings. The new coating meets the demand for asset protection from visual and heat-seeking observation in specific environments. Further improvements to the coating’s ability to absorb rather than resist chemical agents are continuing through this joint venture.
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