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Composite Coatings Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024


Sarasota, FL -- (SBWIRE) -- 06/14/2018 -- Composite Coatings Market: Overview

A blend of two or more substances is called as a composite coating. It is a protective layer which is applied to concrete, steel, and other materials. It provides protection against corrosion and exhibits water resistant properties. The coating comprises resins like epoxy and polyurethane. It is an ideal material used by industries which are extremely important to protect materials from heat and fire, to provide insulation and conduction. Moreover, it also makes the material more attractive by providing final finishing to it. It also provides resistance against vibrations and other mechanical damages. The composite coating consists of layers of Adhesive treated substrate, primer, base coat and top coat.

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Composite Coatings Market: Growth Factors

Advancement in the technological sector, demand for anti-corrosion, self-lubrication and high demand from the oil and gas industries are driving the growth of the composite coatings market. High processing coast is the factor which is retraining the growth of the market. Oil and gas industries are expected to increase the opportunities in the composite coatings market. Innovation in the downhole piping system and in the tubing system is also elevating the opportunities in the composite coating market. The aerospace sector is also expected to open wide opportunities in the market.

Composite Coatings Market: Segmentation

Composite coating market is differentiated on the basis of technique, application, and end-user industry. On the basis of technique, the segment consists of brazing, laser melt injection, electroless plating and others. On the basis of application, the market is segmented into Anti-corrosion, UV and thermal protection and others. Anti-corrosion contributes more share value to the composite coatings market. Further, on the basis of end-use industries the composite coatings market is segmented into aerospace and defense, oil and gas, transportation, industrial and others. Industrial includes food and medical industries. Along with oil and gas, transportation industry also contributes to the large share in the composite coatings market.

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Composite Coatings Market: Regional Analysis

North America continues to show its dominance in the composite coatings market. Owing to industrialization and demand for composite coatings from the aerospace, oil and gas industries market is growing at a high rate. Population burst in China and India is eventually leading to increase in vehicles which are further propelling the growth of the composite coatings market in Asia-Pacific region. Moreover, technological advancements in Europe is also projecting the Growth of the composite coatings market. Due to encroachment in the aerospace and construction industries market for composite coating is growing in Latin America. Urbanization and immigration are the factors enhancing the composite coatings market in the Middle East and Africa region.

Composite Coatings Market: Competitive players

Some of the key competitive players in the composite coatings market are Arkema, Advanced Surface Technologies, Axalta Coating System, Endura Coatings, Composite Coating Inc, Twin City Plating, Aztron Technologies LLC, Nickel Composite Coating Inc, PPG industries, Mader Group among others.

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Composite Coatings Market: Regional Segment Analysis

North America
The U.S.
The UK
The Asia Pacific
Latin America
The Middle East and Africa

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