Composite coating is blended with two or more substances which offers protection against water and corrosion. In addition, composite layer provides protection from heat, UV rays, and fire. It also utilized for various decorative purposes. A collection of coating textures and colors are accessible for multiple applications including aerospace, construction, oil & gas, transportation, and others.
The global composite coatings market report has been segmented on the basis of technique, application, end-use industries, and region.
On the basis of application, the global composite coatings market has been segmented into anti-corrosion, UV protection, and thermal protection. The anti-corrosion segment is projected to account for major share in terms of revenue in the global composite coatings market, owing to its rising utilization in utilized in oil & gas and transportation industries. Revenue anti-corrosion segment is also expected to register highest CAGR in next ten years.
On the basis of end-use industries, the global composite coatings market has been segmented into aerospace & defense, transportation, industrial, oil & gas, and others (medical, food industry, marine, and wind). The transportation segment is estimated to account for major share in the global composite coatings market in terms of revenue, owing to properties such as corrosion resistant and waterproofing along with protective layer.
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On the basis of region, the global composite coatings market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America market is projected to hold significant revenue share in the global composite coatings market in 2017. North America composite coatings market has been anticipated to register major CAGR in terms of revenue in next ten years.
Key players operating in the global market include PPG Industries, Inc., A.W. Chesterton Company, KC Jones Plating Company, Mader Group, Axalta Coating Systems, LLC, OM Sangyo Co., Ltd., Poeton Industries Ltd., Aztron Technologies LLC., Twin City Plating, Endura Coatings, and Nickel Composite Coatings, Inc.