Abrasion Resistant Coating Market set to rise $16.7 billion by 2030, as Growth in Industrial Automation hits transformation ground


Posted January 23, 2025 by datastring

for Abrasion Resistant Coating is expected to rise to $16.7 billion by 2030 from $10.6 billion of 2023. The revenue growth of industry players is estimated to average at 6.7% annually for period 2023 to 2030.
 
According to a recent research, Industry revenue for Abrasion Resistant Coating is expected to rise to $16.7 billion by 2030 from $10.6 billion of 2023. The revenue growth of industry players is estimated to average at 6.7% annually for period 2023 to 2030. Growing end-industry applications in major countries like U.S., Germany and UK, is driving the market demand high.

Research Study analyse the new revenue pockets, emerging markets, competition landscape, opportunities & niche insights for Type (Metal Coatings, Polymer Coatings), End-Use Industry (Construction, Oil & Gas, Automotive, Aerospace, Marine) and Technology (Thermal Spray, High Velocity Oxy-Fuel, Plasma Spray).

Access the detailed report here - ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐๐š๐ญ๐š๐ฌ๐ญ๐ซ๐ข๐ง๐ ๐œ๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ .๐œ๐จ๐ฆ/๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ-๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ/๐š๐›๐ซ๐š๐ฌ๐ข๐จ๐ง-๐ซ๐ž๐ฌ๐ข๐ฌ๐ญ๐š๐ง๐ญ-๐œ๐จ๐š๐ญ๐ข๐ง๐ -๐ฆ๐š๐ซ๐ค๐ž๐ญ-๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก-๐ซ๐ž๐ฉ๐จ๐ซ๐ญ

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ

North America and Asia-Pacific are the two most active and leading regions in the market. In the Asia Pacific region's growing industrial sectorโ€”particularly in countries like China and Indiaโ€”companies such, as AkzoNobel and Jotun are prioritizing cost effective mass production to keep up with the increasing needs of the automotive and construction industries. They are leveraging the areas advancement and infrastructure improvements to meet rising demand effectively.

With challenges like high cost of advanced coatings, regulatory challenges and technical limitations, Abrasion Resistant Coating marketโ€™s supply chain from raw material suppliers to end-user industry is expected to evolve & expand further; and industry players will make strategic advancement in emerging markets including Brazil, Malaysia and South Africa for revenue diversification and TAM expansion. The application of industrial automation processes have been made more accurate and effective with the implementation of abrasion resistant coatings & coating systems in the components & parts. This trend therefore reduces on waste and also improves the performance of the coating and this is where automation is playing a big role in the development of this market.

๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐‹๐ž๐š๐๐ž๐ซ๐ฌ๐ก๐ข๐ฉ ๐š๐ง๐ ๐’๐ญ๐ซ๐š๐ญ๐ž๐ ๐ข๐ž๐ฌ

The Abrasion Resistant Coating market is characterized by intense competition, with a number of leading players such as PPG Industries, AkzoNobel, BASF, Jotun, Sherwin-Williams, Hempel, Axalta, 3M, Dow Chemicals, Univar Solutions, IMCD and RPM International. These players are pushing & penetrating the market with their strategies.

๐€๐›๐จ๐ฎ๐ญ ๐ƒ๐š๐ญ๐š๐’๐ญ๐ซ๐ข๐ง๐  ๐‚๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ 

DataString Consulting assist companies in strategy formulations & roadmap creation including TAM expansion, revenue diversification strategies and venturing into new markets; by offering in depth insights into developing trends and competitor landscapes as well as customer demographics. Our customized & direct strategies, filters industry noises into new opportunities; and reduces the effective connect time between products and its market niche.

DataString Consulting offers complete range of market research and business intelligence solutions for both B2C and B2B markets all under one roof. DataStringโ€™s leadership team has more than 30 years of combined experience in Market & business research and strategy advisory across the world. Our Industry experts and data aggregators continuously track & monitor high growth segments within more than 15 industries and 60 sub-industries.
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Last Updated January 23, 2025