The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Abrasion Resistant Coatings Market.
Abrasion resistant coatings market is likely to witness an impressive CAGR of 6.2% during the forecast period. The prime factor that is contributing to the demand for abrasion resistant coatings is mainly the rapidly expanding industries such as power generation, oil & gas, and construction all over the world. Increasing demand for high temperature polymer-based coatings from the industrial sector, along with increasing demand for abrasion resistant coatings in the developing markets, and increasing demand for better quality ceramic-based coatings are the major growth drivers of the market.
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Regional analysis:
In terms of regions, Europe is estimated to be the largest market for abrasion resistant coatings during the forecast period, with Germany, France, the UK, and Russia being the major countries with lucrative growth opportunities. The growth of the region’s market is driven by the prospering oil & gas, marine, construction, and renewable power industries. The expanding shipbuilding industry in the region is also one of the core factors contributing to the increased demand for abrasion resistant coatings in this region.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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