Abrasion Resistant Coatings Market worth $11.1 billion by 2024

 

The report "Abrasion Resistant Coatings Market by Type (Metal/Ceramic, Polymer), End-Use Industry (Oil & Gas, Marine, Power Generation, Transportation, Mining, Construction), Region (North America, APAC, Europe, MEA, South America) - Global Forecast to 2024" The abrasion-resistant coatings market is estimated to grow from USD 8.0 billion in 2019 and is projected to reach USD 11.1 billion by 2024, at a CAGR of 6.5% during the forecast period. The fast curing time and superior properties of abrasion resistant coatings are propelling the market.

Browse 245 market data Tables and 34 Figures spread through 184 Pages and in-depth TOC on "Abrasion Resistant Coatings Market by Type (Metal/Ceramic, Polymer), End-Use Industry (Oil & Gas, Marine, Power Generation, Transportation, Mining, Construction), Region (North America, APAC, Europe, MEA, South America) - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/abrasion-resistant-coating-market-122764842.html

The leading players in the abrasion resistant coatings market are AkzoNobel N.V. (Netherlands), Saint-Gobain (France), The Jotun Group (Norway), The Sherwin-Williams Company (US), Hempel A/S (Denmark), Praxair Surface Technologies (UK), Henkel (Germany), and SIKA AG (Switzerland). These players adopted new product development and agreement as their key growth strategies from 2015 to 2019, which helped them increase their manufacturing capacities and cater to the widening customer base.

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

The Jotun Group has launched Jotatemp 1000 ceramic coating to meet the increasing demand from hydrocarbon processing facilities. This coating can be applied to surfaces with the temperature reaching 1832°F. The previous coating that Jotun offered could only meet the requirements of temperature up to 1112°F. This coating provides increased tolerance and a shift to higher temperature operations that help optimize the processing and productivity of the hydrocarbon processing industry.

The major players such as AkzoNobel N.V. (Netherlands), Saint-Gobain (France), The Jotun Group (Norway), The Sherwin-Williams Company (US), and Hempel A/S (Denmark) have emphasized on expanding the market through their already existing product portfolio.

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