As per the recently published report by MarketsandMarkets™, The Hard Coatings Market by Material Type (Nitrides, Oxides, Carbides, Carbon, Borides, Multi-Component), Deposition Techniques (PVD, CVD), Application, End-use industry, and Region (North America, Europe, APAC, South America, MEA) – Global Forecast to 2028″, is projected to reach a market size of USD 1.7 billion by 2028 from USD 1.2 billion in 2023, at a CAGR of 7.0%. Asia Pacific is the largest hard coatings market that is projected to register a CAGR of 8.0% during the forecasted period, in terms of value. Asia Pacific is projected to register the highest CAGR during the forecast period. The growth in Asia pacific is due to the growing automotive industry, and high investment in manufacturing sectors.
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- 369 Market data Tables
- 40 Figures
- 302 Pages and in-depth TOC on “Hard Coatings Market – Global Forecast to 2028”
This report also provides a comprehensive analysis of the companies listed below:
The hard coatings market has various small, medium, and large players. Some of the major market players are OC Oerlikon Management AG (Switzerland), Momentive (US), Cemecon AG (US), Carl Zeiss Meditec AG (Germany), and SDC Technologies, Inc. (US) among others, have framed their strategies to penetrate and create bases in these emerging markets.
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Activated Carbon Fiber Market.
Recent Developments in Hard Coatings Market Industry
- In June 2023, Oerlikon and MTU Aero Engines have forged a partnership to advance the development of engine components, materials, and surface technologies for aero engines jointly. This partnership is formalized through a five-year agreement, during which both entities will leverage their distinct technological knowledge and industry experience to enhance the efficiency and sustainability of engine parts.
- In December 2023, Carl Zeiss Meditec AG finalized an agreement to purchase all the Dutch Ophthalmic Research Center (International) B.V. (D.O.R.C.) Shares from the investment firm Eurazeo SE are based in Paris, France. This acquisition is set to strengthen and augment Zeiss Medical Technology’s extensive ophthalmic portfolio and its assortment of digitally integrated workflow solutions designed to address diverse eye conditions such as retinal disorder, cataracts, glaucoma, and refractive errors.