HOME Top Market Reports Composite Coatings Market by Technique (Laser Melt Injection, Brazing, Electroless Plating), Application (Anti-Corrosion, UV Protection, Thermal Protection), End-Use Industry, Region - Global Forecast to 2022

Composite Coatings Market by Technique (Laser Melt Injection, Brazing, Electroless Plating), Application (Anti-Corrosion, UV Protection, Thermal Protection), End-Use Industry, Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: June 2017
Report Code: CH 5342

 

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In terms of value, the composite coatings market was USD 840.0 Million in 2016, and is projected to reach USD 1,306.8 Million by 2022 at a CAGR of 7.7% from 2017 to 2022. Composite coatings are increasingly crucial in the aerospace & defense, transportation, industrial, and oil & gas industries due to their superior properties which provide anti-corrosion, self-lubrication, UV protection, chemical resistance, thermal protection, and so on. In this study, the years considered to estimate the market size of composite coatings are:

  • Base Year – 2016
  • Estimated Year – 2017
  • Projected Year – 2022
  • Forecast Period – 2017 to 2022

2016 has been considered the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the composite coatings market size, in terms of value
  • To identify and measure the composite coatings market by technique, application, end-use industry, and region
  • To analyze significant region-specific market trends in North America, Europe, the Asia-Pacific region, Latin America and Middle East & Africa (ME&A) and country-specific trends in the U.S., Canada, Germany, France, U.K., Austria, China, India, Japan, South Korea, Israel, UAE, Saudi Arabia, Mexico, Brazil, and others. To provide detailed information regarding the major factors influencing the growth of the composite coatings market ( drivers, restraints, opportunities, industry-specific challenges, and burning issues)
  • To strategically profile and analyze the key market players and their core competencies
  • To analyze recent market developments such as agreements, acquisitions, and expansions in the composite coatings market

Various secondary sources such as company websites, encyclopedias, directories, and databases such as Composite World, Factiva, and American Composites Manufacturers Association, and so on have been used to understand and gain insights into the composite coatings market. Experts from top composite coatings companies have been interviewed to verify and collect critical information and to assess the trends in the composite coatings market for the forecast period. The top-down, bottom-up, and data triangulation approaches have been implemented to calculate the exact values of the overall parent and individual market sizes.

Composite Coatings Market

To know about the assumptions considered for the study, download the pdf brochure

The composite coatings market has a diversified ecosystem, including downstream stakeholders such as manufacturers, vendors, end-use industries, and government organizations. The composite coatings value chain includes resin manufacturers such as Arkema (France), Mitsubishi Plastics, Inc. (Japan), Huntsman Corporation (U.S), and others. Further, the manufacturers of composite coatings supply their products to various entities for aerospace & defense, transportation, industrial,  and oil & gas, among other applications.

This study focuses on the top investment pockets, which would help stakeholders understand and analyze the emerging trends in the composite coatings market. These stakeholders include:

  • Composite coating manufacturers
  • Raw material suppliers
  • Distributors and suppliers
  • End-use industries
  • Industry associations
  • R&D institutions
  • Environment support agencies

Scope of the Report:

This research report categorizes the composite coatings market based on product type, application, and region. It forecasts revenue growth and analyzes trends in each of the submarkets till 2021.

On the Basis of Technique,

  • Laser Melt Injection
  • Brazing
  • Electroless Plating
  • Others

On the Basis of Application, 

  • Anti-Corrosion
  • UV Protection
  • Thermal Protection
  • Others

On the basis of End-Use Industries,

  • Aerospace & Defense
  • Transportation
  • Industrial
  • Oil & Gas
  • Others

On the Basis of Region,

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific needs of the companies. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the North American composite coatings market
  • Further breakdown of the European composite coatings market
  • Further breakdown of the Asia-Pacific region composite coatings market
  • Further breakdown of the Middle Eastern & African composite coatings market
  • Further breakdown of the Latin American composite coatings market

Company Information

Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Significant Opportunities in the Composite Coatings Market
    4.2 Composite Coatings Market, By Application
    4.3 Composite Coatings Market, By End-Use Industry and Region
    4.4 Composite Coatings Market Share, By Country

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 High Demand of Composite Coating for Anti-Corrosion and Self-Lubrication in Transportation and Infrastructure Industries
                    5.2.1.2 Increasing Demand of Composite Coating for Anti-Corrosion and Chemical Resistance in Oil & Gas Industry
           5.2.2 Restraints
                    5.2.2.1 High Processing Cost
           5.2.3 Opportunities
                    5.2.3.1 Budding Wind Energy Industry
           5.2.4 Challenges
                    5.2.4.1 Need for Continuous Improvement in Product Offering
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Suppliers
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry

6 Macroeconomic Overview and Key Trends (Page No. - 41)
    6.1 Introduction
    6.2 Trends and Forecast of GDP
    6.3 Trends in Aerospace Industry

7 Composite Coatings Market, By Technique (Page No. - 44)
    7.1 Introduction
    7.2 Laser Melt Injection
    7.3 Brazing
    7.4 Electroless Plating
    7.5 Others
           7.5.1 Laser Cladding
           7.5.2 Electrochemical

8 Composite Coatings Market, By Application (Page No. - 48)
    8.1 Introduction
    8.2 Anti-Corrosion
    8.3 UV Protection
    8.4 Thermal Protection
    8.5 Others

9 Composite Coatings Market, By End-Use Industry (Page No. - 51)
    9.1 Introduction
    9.2 Transportation
    9.3 Aerospace and Defense
    9.4 Industrial
           9.4.1 Medical
           9.4.2 Food Industry
    9.5 Oil & Gas
    9.6 Others
           9.6.1 Marine
           9.6.2 Wind

10 Regional Analysis (Page No. - 59)
     10.1 Introduction
     10.2 North America
             10.2.1 By End-Use Industry
             10.2.2 By Application
             10.2.3 By Country
             10.2.4 U.S.
                        10.2.4.1 By End-Use Industry
                        10.2.4.2 By Application
             10.2.5 Canada
                        10.2.5.1 By End-Use Industry
                        10.2.5.2 By Application
     10.3 Europe
             10.3.1 By End-Use Industry
             10.3.2 By Application
             10.3.3 By Country
             10.3.4 Germany
                        10.3.4.1 By End-Use Industry
                        10.3.4.2 By Application
             10.3.5 France
                        10.3.5.1 By End-Use Industry
                        10.3.5.2 By Application
             10.3.6 U.K.
                        10.3.6.1 By End-Use Industry
                        10.3.6.2 By Application
             10.3.7 Italy
                        10.3.7.1 By End-Use Industry
                        10.3.7.2 By Application
             10.3.8 Austria
                        10.3.8.1 By End-Use Industry
                        10.3.8.2 By Application
             10.3.9 Turkey
                        10.3.9.1 By End-Use Industry
                        10.3.9.2 By Application
             10.3.10 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 By End-Use Industry
             10.4.2 By Application
             10.4.3 By Country
             10.4.4 China
                        10.4.4.1 By End-Use Industry
                        10.4.4.2 By Application
             10.4.5 India
                        10.4.5.1 By End-Use Industry
                        10.4.5.2 By Application
             10.4.6 Japan
                        10.4.6.1 By End-Use Industry
                        10.4.6.2 By Application
             10.4.7 South Korea
                        10.4.7.1 By End-Use Industry
                        10.4.7.2 By Application
             10.4.8 Indonesia
                        10.4.8.1 By End-Use Industry
                        10.4.8.2 By Application
             10.4.9 Rest of Asia-Pacific
     10.5 Middle East & Africa
             10.5.1 By End-Use Industry
             10.5.2 By Application
             10.5.3 By Country
             10.5.4 Israel
                        10.5.4.1 By End-Use Industry
                        10.5.4.2 By Application
             10.5.5 Qatar
                        10.5.5.1 By End-Use Industry
                        10.5.5.2 By Application
             10.5.6 UAE
                        10.5.6.1 By End-Use Industry
                        10.5.6.2 By Application
             10.5.7 South Africa
                        10.5.7.1 By End-Use Industry
                        10.5.7.2 By Application
             10.5.8 Saudi Arabia
                        10.5.8.1 By End-Use Industry
                        10.5.8.2 By Application
     10.6 Latin America
             10.6.1 By End-Use Industry
             10.6.2 By Application
             10.6.3 By Country
             10.6.4 Brazil
                        10.6.4.1 By End-Use Industry
                        10.6.4.2 By Application
             10.6.5 Mexico
                        10.6.5.1 By End-Use Industry
                        10.6.5.2 By Application

11 Competitive Landscape (Page No. - 94)
     11.1 Introduction
             11.1.1 Dynamic
             11.1.2 Innovators
             11.1.3 Vanguard
             11.1.4 Emerging Companies
     11.2 Competitive Benchmarking
     11.3 Competitive Benchmarking
             11.3.1 Product Offerings
             11.3.2 Business Strategy
     11.4 Market Ranking of Key Players
             11.4.1 Market Ranking of Top 5 Players in Global Composite Coatings Market

12 Company Profiles (Page No. - 99)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     12.1 PPG Industries, Inc.
     12.2 Axalta Coating Systems, LLC
     12.3 Mader Group
     12.4 A.W. Chesterton Company
     12.5 KC Jones Plating Company
     12.6 OM Sangyo Co., Ltd.
     12.7 Poeton Industries Ltd.
     12.8 Endura Coatings
     12.9 Twin City Plating
     12.10 Aztron Technologies, LLC
     12.11 Nickel Composite Coatings, Inc.
     12.12 Surteckariya Co., Ltd.
     12.13 Other Key Players
             12.13.1 Sharretts Plating Company
             12.13.2 Electrochem
             12.13.3 Interpalte Ltd.
             12.13.4 Composite Coating Inc.
             12.13.5 Walter Hunger GmbH & Co. Kg
             12.13.6 NEI Corporation
             12.13.7 Verometal
             12.13.8 Advanced Surface Technologies, Inc.
             12.13.9 Laser Applied Surface Engineering Ltd.
             12.13.10 Microplating, Inc.
             12.13.11 Monroe Plating

*Details Might Not Be Captured in Case of Unlisted Companies

13 Appendix (Page No. - 127)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets Subscription Portal
     13.4 Introducing RT: Real Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (68 Tables)

Table 1 Trends and Forecast of GDP, 2016–2022 (USD Billion)
Table 2 Number of New Airplane Deliveries, 2016
Table 3 Composite Coatings Market Size, By Technique, 2015–2022 (USD Million)
Table 4 Composite Coatings Techniques Comparison Chart
Table 5 Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 6 Nano-Particles for Composite Coatings Application
Table 7 Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 8 Composite Coatings Market Size in Transportation End-Use Industry, By Region, 2015–2022 (USD Million)
Table 9 Composite Coatings Market Size in Aerospace & Defense End-Use Industry, By Region, 2015–2022 (USD Million)
Table 10 Composite Coatings Market Size in Industrial End-Use Industry, By Region, 2015–2022 (USD Million)
Table 11 Composite Coatings Market Size in Oil & Gas End-Use Industry, By Region, 2015–2022 (USD Million)
Table 12 Composite Coatings Market Size in Other End-Use Industry, By Region, 2015–2022 (USD Million)
Table 13 Composite Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 14 North America: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 15 North America: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 16 North America: Composite Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 17 U.S.: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 18 U.S.: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 19 Canada: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 20 Canada: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 21 Europe: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 22 Europe: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 23 Europe: Composite Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 24 Germany: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 25 Germany: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 26 France: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 27 France: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 28 U.K.: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 29 U.K.: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 30 Italy: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 31 Italy: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 32 Austria: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 33 Austria: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 34 Turkey: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 35 Turkey: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 36 Asia-Pacific: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 37 Asia-Pacific: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 38 Asia-Pacific: Composite Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 39 China: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 40 China: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 41 India: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 42 India: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 43 Japan: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 44 U.S.: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 45 South Korea: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 46 South Korea: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 47 Indonesia: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 48 Indonesia: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 49 Middle East & Africa: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 50 Middle East & Africa: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 51 Middle East & Africa: Composite Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 52 Israel: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 53 Israel: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 54 Qatar: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 55 Qatar: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 56 UAE: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 57 UAE: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 58 South Africa: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 59 South Africa: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 60 Saudi Arabia: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 61 Saudi Arabia: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 62 Latin America: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 63 Latin America: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 64 Latin America: Composite Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 65 Brazil: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 66 Brazil: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 67 Mexico: Composite Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 68 Mexico: Composite Coatings Market Size, By Application, 2015–2022 (USD Million)


List of Figures (33 Figures)

Figure 1 Composite Coatings: Market Segmentation
Figure 2 Composite Coatings Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Composite Coatings Market: Data Triangulation
Figure 6 Composite Coatings Market to Register Highest CAGR in Transportation End-Use Industry, 2017 vs 2022
Figure 7 Anti-Corrosion Application Expected to Lead Composite Coatings Market, 2017 vs 2022
Figure 8 Electroless Plating Dominates Composite Coatings Market in 2016
Figure 9 North America Dominated Composite Coatings Market in 2016
Figure 10 Attractive Market Opportunities in the Composite Coatings Market Between 2017 and 2022
Figure 11 Anti-Corrosion Application to Lead the Composite Coatings Market
Figure 12 North America Dominated Composite Coatings Market in 2016
Figure 13 U.S. Anticipated to Register Highest CAGR in Composite Coatings Market, 2017 vs 2022
Figure 14 Drivers, Restraints, Opportunities, and Challenges of the Composite Coatings Market
Figure 15 Porter’s Five Forces Analysis
Figure 16 Relative GDP Growth Scenario of Key Economies
Figure 17 New Airplane Deliveries, By Region, 2016–2035
Figure 18 Electroless Plating Based Composite Coating Technique to Dominate Overall Market
Figure 19 Anti-Corrosion Application Dominates Overall Composite Coatings Market
Figure 20 Transportation End-Use Industry Dominates Composite Coatings Market
Figure 21 North America to Register Highest Growth of Composite Coatings Market in Transportation End-Use Industry
Figure 22 Asia-Pacific Projected to Lead Composite Coatings Market in Aerospace & Defense Industry
Figure 23 Asia-Pacific to Register Highest Growth of Composite Coatings Market in Industrial Sector
Figure 24 North America to Register Highest Growth of Composite Coatings Market in Oil & Gas End-Use Industry
Figure 25 U.S. and China Leading Global Composite Coatings Market, 2016
Figure 26 North America Composite Coatings Market Snapshot: U.S. is the Most Lucrative Market
Figure 27 Europe Composite Coatings Market Snapshot: Germany is the Most Lucrative Market
Figure 28 Asia-Pacific Composite Coatings Market Snapshot: China is the Largest Market
Figure 29 Middle East & Africa Composite Coatings Market Snapshot: Saudi Arabia is the Most Lucrative Market
Figure 30 Latin America Composite Coatings Market Snapshot: Brazil is the Most Lucrative Market
Figure 31 Competitive Leadership Mapping, 2016
Figure 32 PPG Industries, Inc.: Company Snapshot
Figure 33 Axalta Coatings Systems, LLC: Company Snapshot

The global composite coatings market is projected to reach USD 1,306.8 Million by 2022, at a CAGR of 7.7%, from 2017 to 2022. Increasing demand for composite coatings for anti-corrosion and self-lubrication in the transportation industry and anti-corrosion and chemical resistance in the oil & gas industry are the key factors leading to the growth of the composite coatings market.

The composite coatings market, by application, is further segmented into anti-corrosion, UV protection, thermal protection, and others. Composite coatings for the anti-corrosion application comprise a major market share due to their properties such as uniform coating thickness, accuracy, and consistency, and so on. Due to these features, they are utilized in large volumes in industries such as transportation, industrial, and oil & gas.

The major end-use industries in the composite coatings market include transportation, aerospace & defense, oil & gas, industrial, and others. The transportation end-use industry is the fastest-growing segment in the composite coatings market. Composite coatings offer various features including uniform coating thickness, accuracy, stiffness, and consistency in comparison to powder coatings, due to which these are utilized in the transportation, oil & gas, and industrial end-use industries.

North America is expected to be the fastest-growing market for composite coatings during the next five years. The main factors that are leading to its growth are, the increasing demand from the transportation and aerospace & defense industries. These advanced coatings are utilized for the different equipment used in these industries as these provide uniform coating thickness, accuracy, stiffness, and consistency, leading to the low maintenance cost required.

Composite Coatings Market

The global composite coatings market is rapidly growing, in terms of value. However, a few factors act as restraints in its growth in the global composite coatings market. The high production cost is a major restraint in the growth of the global composite coatings market.

Companies such as PPG Industries, Inc. (U.S.), Axalta (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) and others are the leading market players in the global composite coatings market. They have been adopting various organic and inorganic growth strategies such as agreements, acquisitions, and expansions to enhance their shares in the global composite coatings market.

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