The market for industrial coatings is projected to grow with the increasing application of coatings in various industries such as automotive, aerospace, general industrial and others. The increasing development of advanced technologies across every sector has led to the rapid emergence of industrial sector across the globe. The machineries and machine components are widely used in the emerged and emerging economies such as Japan and China, for the up-heaving introduction of novel goods and services. However, to provide mechanical strength to the machine parts, a industrial coating is increasingly being applied on metallic surfaces. Through industrial coatings application, the machine tool delivers enhanced life services to arbors and spindles, and, among others. It provides heat and electrical insulation to bearings, seal areas of spindles, along with contact faces of arbors, are some wide applications of coating in industries.
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Moreover, apart from original equipment manufacturing, the industrial coating is used by industry players in refurbishing of spindles, arbors, and other machine tools. The industrial coating provides protection to the onshore structural steel parts such as bridges, factories, buildings, and industrial plants, where the corrosion of the metal parts is considered as a major hazard. Moreover, the industrial coatings are applied on stainless steel to extend its lifetime and in the maintenance of its efficiency over the period. The solid oxide fuel cells (SOFCs) are used to in the function of electro-chemical oxidation of hydrogen and hydrocarbon fuels, which generates heat and electricity.
In aerospace industry, there are a range of companies that are producing spacecrafts, private aircrafts, and commercial military aircrafts. Military expenditure regularly being increasing in many countries such as the US and China, as to provide exceptional safety and security to the country. Moreover, the rising disposable income in emerging economies such as India and China, is significantly propelling the growth of commercial aircraft market. In spacecrafts and aircrafts, the industrial coating is applied to gas turbine engines, as they are being encountered to high combustion temperatures. Therefore aerospace industry has significant application of industrial coatings that further contribute in the growth of the market.
The efficiency of turbines is strongly interrelated with combustion temperature via the extensiveness of the combustion reaction. At lower temperature combustion, only few hydrocarbon bonds get break, which, however, produces less thrust at more fuel. Industrial coatings are widely used in aviation industry, as it offers protection to nickel-based superalloys from thermal cycling and melting in aviation turbines. Moreover, in order to avoid issues associated with the superalloy’s melting point, many researchers are engaged in the development of ceramic-matrix composites (CMCs), as these composites have an ability of bearing high-temperature. Generally, these composites are developed from fiber-reinforced Silicon carbide coating (SiC).
Global Industrial Coatings Market Segmentation
By Resin Type
By End-User
Global Industrial Coatings Market – Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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