PUBLISHER: Grand View Research | PRODUCT CODE: 1530000
PUBLISHER: Grand View Research | PRODUCT CODE: 1530000
Hard Coatings Market Size & Trends
The global hard coatings market size was estimated at USD 1,062.9 million in 2023 and is projected to reach at a CAGR of 7.1% from 2024 to 2030. The superior wear and abrasion resistance, essential for extending the lifespan of components in demanding applications such as automotive engines, aerospace turbines, and industrial machineries, driving the market growth.
The optical industry is a significant consumer of the product owing to several benefits compared to soft coatings. The product maintains its properties for many years despite continuous use, whereas soft-coated lenses and optical components tend to degrade over time. The product is scratch-resistant, durable, anti-reflective, and anti-fog, thereby significantly enhancing the longevity and performance of optical products.
The product market faces a significant challenge due to the high costs associated with the coating process, which may hinder its growth. The availability of alternative solutions serves as a barrier to the market's expansion. These factors together limit the growth potential of the hard coating market over the forecast period.
Global Hard Coating Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global hard coatings market report based on product, technology, application, end use & region.
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
China
India
Japan
South Korea
Brazil
Argentina
Saudi Arabia
South Africa