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Hard Coatings - Global Market Trajectory & Analytics

  • ID: 5140969
  • Report
  • April 2021
  • Region: Global
  • 289 Pages
  • Global Industry Analysts, Inc
Global Hard Coatings Market to Reach $1.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Hard Coatings estimated at US$764.8 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2027, growing at a CAGR of 6.8% over the analysis period 2020-2027. Borides, one of the segments analyzed in the report, is projected to record a 6.8% CAGR and reach US$464.3 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Nitrides segment is readjusted to a revised 6.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $206.9 Million, While China is Forecast to Grow at 10.2% CAGR

The Hard Coatings market in the U.S. is estimated at US$206.9 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$262.8 Million by the year 2027 trailing a CAGR of 10.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Oxides Segment to Record 7.7% CAGR

In the global Oxides segment, USA, Canada, Japan, China and Europe will drive the 7.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$80.8 Million in the year 2020 will reach a projected size of US$130.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$164.9 Million by the year 2027, while Latin America will expand at a 9.1% CAGR through the analysis period.

Select Competitors (Total 46 Featured):
  • ASB Industries, Inc.
  • Cemecon AG
  • Dhake Industries Inc.
  • DIARC-Technology Oy
  • Duralar Technologies
  • Exxene Corp.
  • Gencoa Ltd
  • Hardcoatings, Inc.
  • Ihi Hauzer Techno Coating B.V.
  • Ihi Ionbond AG
  • Kobe Steel Ltd.
  • MBI Coatings, Inc.
  • Momentive Performance Materials, Inc.
  • Oc Oerlikon Corporation AG
  • Platit AG
  • SDC Technologies, Inc.
  • Sulzer Ltd.
  • Ultra Optics
  • Voestalpine eifeler Coating GmbH
  • Zeiss Group
Frequently Asked Questions about the Global Market for Hard Coatings

What is the estimated value of the Global Market for Hard Coatings?

The Global Market for Hard Coatings was estimated to be valued at $764.8 Million in 2020.

What is the growth rate of the Global Market for Hard Coatings?

The growth rate of the Global Market for Hard Coatings is 6.6%, with an estimated value of $1200.0 Million by 2027.

What is the forecasted size of the Global Market for Hard Coatings?

The Global Market for Hard Coatings is estimated to be worth $1200.0 Million by 2027.
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession


  • Total Companies Profiled: 46
Note: Product cover images may vary from those shown