According to the recent study the composites coating market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 4% to 6% from 2023 to 2028. Growth in this market is primarily driven by growing demand in the construction and transportation industry for self-lubricating composites coating that resist corrosion and growing interest in technical developments in high-tech installations in the packaging industry is driving up demand for composite coating.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in composites coating market by technique (brazing, electro less plating, laser melt injection, and others), application (anti-corrosion, thermal protection, UV protection, and others), resin (polyester, polyamide, epoxy, and others), end use industry (aerospace & defense, industrial, medical, food industry, oil & gas, transportation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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“Anti-corrosion market is expected to remain the largest segment during the forecast period.”
Based on application, the composites coating market is segmented into anti-corrosion, thermal protection, UV protection, and others. Lucintel forecasts that the anti-corrosion market is expected to remain the largest segment due to the growing demand in oil and gas sector for composite coating with anti-corrosive properties.
“Within the composites coating market, the oil & gas segment is expected to remain the largest end use industry”
Based on end use industry the oil & gas segment is expected to witness the highest growth over the forecast period due to the increasing need for composite coating to provide shields that lengthen the durability and shelf life of equipment including pipelines, boats, and subsea machinery in the oil and gas industry.
“North America will dominate the composites coating market in near future”
North America will remain the largest region due to the increasing usage by application of aerospace and defense industry and rising demand for low volatile organic compounds (VOC) coatings as consumers become more concerned with their health and safety.
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Major players of composites coating market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Akzo Nobel, PPG Industries, The Sherwin-Williams Company, RPM International, Aztron Technologies, Axalta Coating Systems, and Mäder are among the major composites coating providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/composites-coating-market.aspx or [email protected]