Hard Coatings Market Size Expected to Grow at High CAGR by Forecast 2030 - IHI Ionbond AG (Switzerland), Sulzer Ltd. (Switzerland), OC Oerlikon Corporation AG (Switzerland)
Overview: The global market for hard coatings is getting traction due to its ability to provide resistance against water, corrosion, chemical, and heat, which increases the durability of the end product. Market Research Future (MRFR) made some predictions in their report regarding the possible CAGR and valuation during the forecast period of 2018 to 2023. It also discussed factors like the growing intake of the product in the building and construction sector, its growing importance in the automotive segment, rising budget for the aerospace & defense sector, and others as major traction-providers. In the healthcare sector, it is also gaining inclusion due to its ability to increase the durability of tools. However, it incurs substantial capital investment, which can deter the market growth. Competitive Landscape: CemeCon AG (Germany), IHI Ionbond AG (Switzerland), Sulzer Ltd. (Switzerland), OC Oerlikon Corporation AG (Switzerland), ASB Industries, Inc. (the U.S)