Global Hard Coating Market is segmented By Material Type (Nitrides, Oxides, Carbon-based, Others), By Techniques (Physical Vapor Deposition, Chemical Vapor Deposition), By Application (Cutting Tools, Decorative Coatings, Optics, Others), and By Region (North America, Europe, South America, Asia Pacific, The Middle East, And Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Hard Coating Market Overview
Report on Global Hard Coating analyses the market size, shares, recent trends, competitive intelligence, and future market outlook. Hard Coating usage in coating the lenses is on the rise. Demand from construction, general manufacturing, and transportation in Asia Pacific is booming. Competitive rivalry intensifies with IHI Lonbond AG, Sulzer Ltd, Zeiss Group and others operating in the market.
Hard coating is a coating technique by the anodization of sulfuric acid with the electrolyte concentration, temperature, and electric current parameters altered to produce the hardened surface. These coatings are resistant to corrosion, hardness and wear, electricity, and temperature. It has a low friction coefficient after lubrication. Owing to these properties, the global hard coatings market is expected to witness increased demand. Moreover, hard coatings are used for coating the lenses to make them scratch resistant thereby, improving their longevity and durability.
Hard Coating Market Summary
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Metrics |
Details |
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Market CAGR |
High |
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Segments Covered |
By Material Type, By Techniques, By Application, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
Asia Pacific |
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Hard Coating Market Trends
The hard coatings market is mainly propelled by a surge in product demand in the Asia-Pacific region, increasing awareness about the benefits of hard coatings, and emerging automotive and healthcare sectors. General manufacturing is one of the key markets for hard coatings in emerging as well as developed countries.
Rapid Development Of The Healthcare Market
The rapid development of the healthcare market across the globe is expected to fuel the growth of the global hard coatings market during the forecast period. Additionally, the growing awareness among consumers regarding the efficiency and benefits of using hard coatings and increasing research and development activities are some of the key factors anticipated to accelerate the growth of the market during the forecast period.
Rising Technological Advancements
Rising technological advancements will offer lucrative opportunities for hard coating manufacturers that will lead to the growth of the hard coating market during the forecast period. Moreover, the rising focus on new product development, innovations, and research & development activities is estimated to generate opportunities for the key players operating in the global hard coatings market in the next few years.
COVID-19 Impact on Hard Coating Market
COVID-19 affected the global economy in many forms, such as directly affecting demand and production, supply chain distraction, and financial impact. The COVID-19 pandemic has highly affected the global hard coatings market due to the shutting down of factories, supply chain disruptions, and an unenthusiastic labor force to work remotely.
Hard Coating Market Segmentation Analysis
Based on the material type, the global hard coatings market has been classified as nitrides, oxides, carbon-based, and others.
Borides Material Type Segment Accounted For The Highest Share
Borides are extensively used in the hard coatings market. This chemical is perhaps one of the most heat-resistant and hardest compounds. Moreover, it is often used as coatings for materials that have to withstand the harshest conditions because of their incredible toughness – from the inside of combustion engines to cutting tools for hard metals.
Based on the techniques, the global hard coatings market has been classified as physical vapor deposition and chemical vapor deposition. Physical vapor deposition (PVD) is a process of vaporization coating, where the base material is used to form a thin layer of coating on an object by evaporating and condensing the material. PVD technique accounted for the largest market share as it is less time-intensive and durable.
The physical Vapor Deposition Segment Accounted For The Highest Share During The Forecasting Period
Physical Vapor Deposition held the largest share in the hard coatings market as they are in high demand in various end-use industries such as aerospace, automotive, cutting tools, and others. The electron beam, sputter deposition, evaporative deposition, physical vapor deposition, pulsed laser deposition, and cathodic arc deposition are the techniques used in physical vapor deposition.
Based on the application, the global hard coatings market has been classified as decorative coatings, cutting tools, optics, and others.
Optics Application Witnessed The Largest Market Share
The optical industry is one of the significant users of hard coatings. Generally, lenses and other optical components use soft coatings, but with the advancement of high-performing techniques, such as hard coating, the use of soft coating becomes obsolete.
Global Hard Coating Market Geographical Share
Based on geography, the study analyzes the global hard coatings market, including Europe, Asia-Pacific, North America, South America, and the Middle East & Africa.
Asia-Pacific Leads the Global Hard Coating Market throughout the Forecast Period
Asia-Pacific witnessed the highest market share in the global hard coatings market in terms of revenue share, due to its growing product consumption in many industries, such as buildings and construction, general manufacturing, transportation, etc. In the buildings and construction industry, hard coatings can be used for interior or external decorative purposes. Also, there is an increasing demand for various resistance coatings, for instance, scratch, electricity, hardening, and wear.
Hard Coating Market Companies and Competitive Landscape
The global hard coatings market is highly competitive. The key players in the global hard coatings market which are contributing to the growth of the global market include OC Oerlikon Corporation AG, IHI Ionbond AG, CemeCon, IHI Hauzer Techno Coating B.V., Sulzer Ltd., Momentive Performance Materials Inc., Kobelco, Zeiss Group, Ultra Optics, and Mbi Coatings.
OC Oerlikon Corporation AG
Overview: OC Oerlikon Corporation AG is a global technology group founded in 1973 in Switzerland. It operates its business in two Divisions – Surface Solutions and Manmade Fibers. Company holds various brands like oerlikon balzers, oelikon metco, oerlikon am and others.
Product Portfolio: OC Oerlikon Corporation AG offers various products under its brands such as staple fibers, carpet yarn, coatings, software solutions, automation solutions, heat treatment, and others.
Why Purchase the Report?
- Visualize the global hard coatings market segmentation composition by material type, techniques, application, and region, highlighting the critical commercial assets and players.
- Identify global hard coatings market commercial opportunities by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of global hard coatings market - level 3 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
The Global Hard Coating Market report would provide access to approx. 54 market data tables, 54 figures, and 180 pages.
Target Audience
- Service Providers/ Buyers
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
- Emerging Companies
- Manufacturers
