Scratch Resistant Coating Market: Overview
In recent years, immense efforts for product innovation and product enhancements in the manufacturing sector have been instrumental to indirectly fuel growth of the scratch resistant coating market and is anticipated to continue to do so in the years ahead. Scratch resistant coating is significant to protect the exterior of a range of surfaces such as optical displays, instruments, and optical lenses.
Scratch resistant coating prevents wearing of a surface when a rough surface comes in contact with the surface of associated components, resulting in unwanted removal of material from the surface of the component. In addition, scratch resistant coating is used to improve the hardness of the surface of a component thereby increasing its performance and lifespan. High-grade scratch resistant coating available today provide outstanding scratch resistant.
By product type, scratch resistant coating are mainly of two types: polymer coating and metal coating.
The report provides an in-depth analysis of trends, growth opportunities, and regional landscape of the scratch resistant coating market over the 2024 – 2030 forecast period. The report delves into demand dynamics and growth indices to provide valuable insights of growth in the scratch resistant coating market over the 2024 – 2030 forecast period.
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Scratch Resistant Coating Market: Competitive Landscape
The scratch resistant coating market is competitive with a number of large players in the fray. Product development and product innovation is the focus of large players in the scratch resistant coating market to sustain competition. Large players are entering into collaborations and mergers and acquisitions with small players to expand their regional presence. This is a prominent business strategy in the scratch resistant coating market.
Key players in the scratch resistant coating market are Akzonobel N.V., Jotun, The Bodycote Group, Sherwin-Williams, PPG Industries, Hempel, I. du Pont de Nemours and Company, Praxair Surface Technologies, Evnik Industries, Arkema, and Saint- Gobain.
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Scratch Resistant Coating Market: Key Trends
Measures to ensure durability of superior components to serve the demand for improved and novel products in the industrial sector holds promise for the growth of scratch resistant coating market. Besides this, industrialization and significant innovation in the industrial sector are accelerating growth in the scratch resistant coating market.
Availability of scratch resistant coating that is corrosion and chemical resistant is serving to expand their applications, thereby having a positive impact on the scratch resistant coating market. Ceramic and metal scratch resistant coating are inert to alkali and acid action, which makes them tough. For example, oxide ceramic coating is electrically insulated and can be applied on substrates to protect it from corrosion and abrasion using thermal spray.
Product innovation and product enhancements are some key trends that are pushing growth in scratch resistant coating market. For example, a new and improved polymer-based nanocomposite material for scratch resistant coating is replacing currently used polymer coating such as the one used for glass in aquariums. The aquarium windows presently are thick to resist the water pressure, however, if stronger polymer-based nanocomposites are used aquarium glasses can be made thin and light to be less expensive.
On the downside, volatile organic compounds present in scratch resistant coatings hinders growth of the market. Volatile organic compounds present in coatings are responsible for mixing of chemicals into water bodies and environment, causing serious risk to humans and the environment.
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Scratch Resistant Coating Market: Regional Assessment
North America is at the fore among other key regions in the scratch resistant coating market. The extensive growth of the power generation and marine industries are some key factors behind the growth of scratch resistant coating market in the region.
Asia Pacific is expected to emerge as a notable region in the scratch resistant coating market in the forthcoming years. Vast demand from the oil and gas industry in the developing countries of the region is expected to result in upsurge in growth of scratch resistant coating market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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