Abrasion Resistant Coatings Market Analysis

Abrasion-Resistant Coatings Market Overview

The abrasion-resistant coatings market will project expansion USD 11.8 Billion at a rate of more than 6% during the forecast period, says Market Research Future (MRFR).

Abrasion resistant coatings have been experiencing significant demand across a number of end-use industries over the years. These types of coatings are mainly utilized to reduce or completely eradicate the surface wear, primarily in application areas unsuitable for lubricants. For instance, greases and lubricants have no use in radioactive or high-temperature environments as well as environments with high operating times. Abrasion resistant coatings help extend the lifespan of the product. Even though there is a requirement for high capital investments, which can restrain business growth, the surging inclination towards eco-friendly products could be a major growth rendering factor in the near future.

The major applications of these types of coatings are marine, oil & gas, power generation, transportation, industrial and infrastructure. Oil & gas equipment and tools are generally subject to a lot of erosion and wear & tear due to the extreme operating conditions. Abrasion resistant coatings are used for exterior and interior applications in these cases, as these enable effective functioning along with longer life of the equipment and tools. These use-cases are rising particularly in emerging regions, where most of the end-use sectors have grown rapidly over the years. With rising industrialization in emerging regions, growth of oil and gas, marine, power generation and more, the abrasion resistant coating developers are expected to gain a host of lucrative opportunities in the approaching years.

Market Synopsis

Abrasion-resistant coatings help industrial parts and equipment last longer and perform better while minimizing maintenance requirements and replacement costs. The ingredients used in these coatings are tungsten carbide, chrome oxide ceramics, aluminum oxide ceramics, and others. These coatings protect the metal surfaces and act as a barrier to inhibit the contact between chemical compounds or corrosive materials. Abrasion-resistant coatings are also called a protective metal coating.

These coatings are widely used in end-use industries such as oil & gas, marine, power generation, transportation, mining, and construction, among others.

Pricing Analysis

The price of abrasion-resistant coatings depends upon the resin or ceramic being used to manufacture the coatings.  The raw materials for polymer production include oil, natural gas, and coal. The fluctuating price of petroleum-based raw materials due to the supply-demand gap affect the final prices for polymer-based coatings. The major ceramic raw materials include kaolinite, alumina, silicon carbide, tungsten carbide, and others. The raw materials for ceramic coatings are metals and elements found in nature. Factors such as changing geological and weather conditions, environmental regulations, and energy cost play vital role in the manufacturing of ceramic-based coatings.

Market USP

An inclination toward environmentally friendly products.

Market Drivers

• Stringent regulations associated with VOC emissions


• Increase in the number of manufacturing industries has surged the demand for abrasion-resistant coatings


• Growth of the end-use industries across the globe

Market Restraints

• High capital investment restraining market growth

Segmentation

By Type

• Metal/Ceramic: Ceramic coatings are further segmented into oxide coatings, carbide coatings, nitride coatings, and others. They are dense, resistant to wear, corrosion, heat, and inert to most acids, alkalis, and solvents. Ceramic coatings are often used for wear and corrosion resistance and to provide low friction surfaces. These coatings are more expensive due to costly thermal spray process involved; however, the overall life cycle cost is lower as compared to polymer-based coatings due to less maintenance involved with ceramic coatings.

• Polymer: Polymer-based abrasion-resistant coatings are classified into epoxy, polyurethane, polyester, fluoropolymer, and others. They can be applied to a wide range of substrates such as metals, ceramics, wood as well as synthetic materials. The polymer-based coatings can be used up to a temperature of 536°F. They are widely used in general industrial and manufacturing applications such as in refineries, chemical plants, and marine equipment, such as offshore drilling platforms and merchant ships.

By End Use

• Oil & Gas: The increasing investments in the oil & gas exploration and processing due to the rising use of petroleum products as fuel and raw materials for a wide range of chemical products, including pharmaceuticals, fertilizers, solvents, and plastics is driving the demand for abrasion resistant coatings in this sector. Tubing, pipes, fasteners, pumps, seals, and bearings are being coated with the abrasion-resistant coatings, as they are a subject to the harsh effects of chemicals, water, and sea salt spray.

• Marine: The marine industry is expected to witness significant growth during the review period. This is attributed to the need for abrasive resistant coatings in the submerged, deck, cargo, and tank applications.

• Power Generation: Abrasive resistant coatings are used in the power generation industry for wind turbine blades, concrete cooling towers, valves, containment vessels, nuclear components, generators, dam structure, and turbines. The increasing investment in the power generation sector due the increased demand for high-tech electronic devices coupled with the growing population and high disposable income has augmented the need for energy, thereby driving the demand for abrasion-resistant coatings. The segment is expected to account for the largest market share in 2018.

• Transportation: Abrasion-resistant coatings are used in the automotive industry in spline shafts, sliding door, seat rails, battery housings, fuel and brake lines, handrails and safety equipment, and springs, brackets, clips, and safety belt fasteners. It is also used in windshields and windscreens, canopies, lights, sun/moon roofs, cockpit instrument clusters, panel displays, and gauges.

• Mining: In the mining industry, the extraction of minerals represents significant wear of plant components such as ball mills, hydro cyclones, chutes, conveyor belt systems, slurry pumps, and others.

• Construction: Abrasion-resistant coatings are widely used in floorings due to benefits such as avoiding scuff and scratch marks that make floor less attractive in commercial environments and public spaces, saving time and money on floor repair or replacement due to a worn surface or unattractive look.

• Others: The others segment includes paper & pulp, electronics & semiconductors, and petrochemical industries.

By Region

• North America: The North American market for abrasion-resistant coatings is driven by the expanding industrial sector in the region.


• Europe: Europe is the largest regional abrasion-resistant coatings market. This is due to the growth of the transportation, reconstruction, and power generation industries in the region. Major contributors to the market growth include Germany, the UK, France, and Russia.


• Asia-Pacific: Asia-Pacific is the fastest-growing regional market on account of the rapid industrialization and urbanization in the region. The growth potential is in emerging economies such as India, South Korea, Thailand, Malaysia, and others.


• Middle East & Africa: Presence of large oil & gas reserves as well as an infrastructural hub in the region is the key factor driving the demand for abrasion-resistant coatings in the region.


• Latin America: The Latin American market is projected to witness high demand for abrasion-resistant coatings due to the growing industrial sector.

List of key companies operating in the Abrasion-Resistant Coatings Market are:

• Akzo Nobel NV


• Saint-Gobain


• Jotun A/S


• The Sherwin-Williams Company


• Hempel A/S


• Praxair Surface Technologies Inc.


• PPG Industries


• Evonik Industries


• Sika AG


• Arkema SA


• Hardide Plc


• Henkel

Recent Development

Shin-Etsu Silicones of America Inc. introduces its latest MR-Coat-01F & 02F conformal coating line, which features significant hardness as well as elongation for higher abrasion resistance along with less stress on the printed circuit board (PCB) components. The MR-Coat product line is resin-based, hard component systems that make no use of toluene as a solvent, making them perfect for coating flexible and rigid PCB as well as printed wiring board system applications.

March 2022

AkzoNobel introduces ‘Discover more behind one door’ campaign, developed for steel door coatings. Discover more behind one door focuses on refining the POLYDURE coating system for various applications and high performance and quality as well as the brand’s commitment to offering excellent customer service. One of the products in the line is POLYDURE N D2000, which is a hybrid coating developed for abrasion resistance along with built in flexibility.