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 2020 – 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 2020 – 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.
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.
