Global Hard Coatings Market is valued at approximately USD 1.59 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.0% during the forecast period 2023-2030. Hard coatings, specially formulated treatments applied in liquid form and cured through heat or UV energy, enhance the surface performance of plastic substrates. They provide increased abrasion resistance and durability, particularly benefiting materials such as Polycarbonate. This results in broader applicability across various industries and a prolonged lifespan, contributing to a reduced carbon footprint by minimizing the need for replacement. The market for hard coatings is propelled by their key attributes such as hardness, corrosion resistance, and resilience to temperature and electrical factors, which are increasingly acknowledged by customers, thereby fostering market growth. The growing need for Physical Vapor Deposition (PVD) coatings in medical devices due to their biocompatibility and resistive nature, this factor is considered a major driver on the market.
The increased usage of advanced medical devices requires coating according to their working conditions such as the requirement of water resistance, electricity conductors & insulators and so on, these needs raise the demand for the use of various Hard coatings by Materials, Processes and more. According to the World Health Organization (WHO), In 2024, the global market comprises an estimated 2 million distinct medical devices, classified into over 7,000 generic device groups. Each device necessitates coating by its specific specifications. The market in the Developing countries like India, Malaysia is untapped due to their developing economies which are currently at a high growth rate in every industry, experiencing urbanization, automation & industrialization. These nations can serve as an unquenched opportunity to penetrate this market. Furthermore, the anticipated growth and expansion within the healthcare sector present opportunities for the advancement of medical equipment, with hard coating playing a pivotal role in enhancing their quality. However, the high capital cost of Hard Coatings can hinder market growth throughout the forecast period. Furthermore, the absence of awareness regarding product and material options can present a multifaceted challenge for consumers, diverting their attention from the market.
The key regions considered for the Global Hard Coatings Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to industrialization, the rise in government funding, the establishment of sophisticated infrastructure, and advancements within the marine and aerospace sectors have contributed significantly to the growth of this region. Asia Pacific is also expected to grow significantly over the forecast period, owing to some additional factors such as the growing middle class and high disposable income fuels the demand for high-quality products with long life and resistivity under critical conditions where hard coatings play a crucial role. Additionally, Supportive Government policies and investments in the development of infrastructure are expected to bolster the market over the next coming years.
Major market player included in this report are:
- OC Oerlikon Management AG
- Sulzer Ltd.
- Momentive
- CemeCon AG
- Carl Zeiss AG
- Meditec AG
- SDC Technologies, Inc.
- IHI Ionbond AG
- ASB Industries, Inc.
- PLATIT AG
Recent Developments in the Market:
- In February 2024, Oerlikon Balzers has introduced 'BALINIT ALCRONA EVO,' a versatile coating tailored for gear cutting, milling, stamping, and forming applications. This innovation enables customers in the metalworking industry to substantially improve their production performance.
- In March 2023, ZEISS is launching a new multifunctional facility spanning over 12,000 square meters in the Dillfeld district of Wetzlar. This state-of-the-art establishment offers flexible workspaces specifically designed for optics, coating, and assembly processes, incorporating a low-vibration design.
- In January 2024, COTEC GmbH, a subsidiary of SDC Technologies, introduced the world's first industrial digital printer for hydrophobic-coated automotive displays. This groundbreaking Hydrophobic Coating Printer marks a significant milestone in automotive display technology and sets a new standard for innovation in the field of Hard Coating.
Global Hard Coatings Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Material Type, Deposition Techniques, Application, End User Industry, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material Type:
- Nitrides
- Oxides
- Carbides
- Carbon
- Borides
- Multi Component
By Deposition Techniques:
By Application:
- Cutting Tools
- Decorative Coatings
- Optics
- Gears
- Bearings
- Piston
- Cams
- Cylinders
- Hydraulic/Pneumatic Components
- Other Applications
By End User Industry:
- General Manufacturing
- Transportation
- Building & Architecture
- Medical/Dental Equipment
- Food Manufacturing/Preparation Equipment
- Sporting Goods
- Other End User Industry
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1.Executive Summary
- 1.1.Market Snapshot
- 1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1.Hard Coatings Market, by Region, 2020-2030 (USD Billion)
- 1.2.2.Hard Coatings Market, by Material Type, 2020-2030 (USD Billion)
- 1.2.3.Hard Coatings Market, by Deposition Techniques, 2020-2030 (USD Billion)
- 1.2.4.Hard Coatings Market, by Application, 2020-2030 (USD Billion)
- 1.2.5.Hard Coatings Market, by End User Industry, 2020-2030 (USD Billion)
- 1.3.Key Trends
- 1.4.Estimation Methodology
- 1.5.Research Assumption
Chapter 2.Global Hard Coatings Market Definition and Scope
- 2.1.Objective of the Study
- 2.2.Market Definition & Scope
- 2.2.1.Industry Evolution
- 2.2.2.Scope of the Study
- 2.3.Years Considered for the Study
- 2.4.Currency Conversion Rates
Chapter 3.Global Hard Coatings Market Dynamics
- 3.1.Hard Coatings Market Impact Analysis (2020-2030)
- 3.1.1.Market Drivers
- 3.1.1.1.Consumer awareness in the benefits of hard coating.
- 3.1.1.2.The ongoing evolution of Physical Vapo Deposition (PVD) on medical equipment..
- 3.1.2.Market Challenges
- 3.1.2.1.High Capital Cost of Hard Coatings
- 3.1.2.2.Lack of Knowledge over the available choices of Hard Coating
- 3.1.3.Market Opportunities
- 3.1.3.1.The untapped market in the developing countries
- 3.1.3.2.The growth and expansion of the healthcare sector.
Chapter 4.Global Hard Coatings Market Industry Analysis
- 4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
- 4.2.Porter's 5 Force Impact Analysis
- 4.3.PEST Analysis
- 4.3.1.Political
- 4.3.2.Economical
- 4.3.3.Social
- 4.3.4.Technological
- 4.3.5.Environmental
- 4.3.6.Legal
- 4.4.Top investment opportunity
- 4.5.Top winning strategies
- 4.6.COVID-19 Impact Analysis
- 4.7.Disruptive Trends
- 4.8.Industry Expert Perspective
- 4.9.Analyst Recommendation & Conclusion
Chapter 5.Global Hard Coatings Market, by Material Type
- 5.1.Market Snapshot
- 5.2.Global Hard Coatings Market by Material Type, Performance - Potential Analysis
- 5.3.Global Hard Coatings Market Estimates & Forecasts by Material Type 2020-2030 (USD Billion)
- 5.4.Hard Coatings Market, Sub Segment Analysis
- 5.4.1.Nitrides
- 5.4.2.Oxides
- 5.4.3.Carbides
- 5.4.4.Carbon
- 5.4.5.Borides
- 5.4.6.Multi Component
Chapter 6.Global Hard Coatings Market, by Deposition Techniques
- 6.1.Market Snapshot
- 6.2.Global Hard Coatings Market by Deposition Techniques, Performance - Potential Analysis
- 6.3.Global Hard Coatings Market Estimates & Forecasts by Deposition Techniques 2020-2030 (USD Billion)
- 6.4.Hard Coatings Market, Sub Segment Analysis
Chapter 7.Global Hard Coatings Market, by Application
- 7.1.Market Snapshot
- 7.2.Global Hard Coatings Market by Application, Performance - Potential Analysis
- 7.3.Global Hard Coatings Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 7.4.Hard Coatings Market, Sub Segment Analysis
- 7.4.1.Cutting Tools
- 7.4.2.Decorative Coatings
- 7.4.3.Optics
- 7.4.4.Gears
- 7.4.5.Bearings
- 7.4.6.Piston
- 7.4.7.Cams
- 7.4.8.Cylinders
- 7.4.9.Hydraulic/Pneumatic Components
- 7.4.10.Other Applications
Chapter 8.Global Hard Coatings Market, by End User Industry
- 8.1.Market Snapshot
- 8.2.Global Hard Coatings Market by End User Industry, Performance - Potential Analysis
- 8.3.Global Hard Coatings Market Estimates & Forecasts by End User Industry 2020-2030 (USD Billion)
- 8.4.Hard Coatings Market, Sub Segment Analysis
- 8.4.1.General Manufacturing
- 8.4.2.Transportation
- 8.4.3.Building & Architecture
- 8.4.4.Medical/Dental Equipment
- 8.4.5.Food Manufacturing/Preparation Equipment
- 8.4.6.Sporting Goods
- 8.4.7.Other End User Industry
Chapter 9.Global Hard Coatings Market, Regional Analysis
- 9.1.Top Leading Countries
- 9.2.Top Emerging Countries
- 9.3.Hard Coatings Market, Regional Market Snapshot
- 9.4.North America Hard Coatings Market
- 9.4.1.U.S. Hard Coatings Market
- 9.4.1.1.Material Type breakdown estimates & forecasts, 2020-2030
- 9.4.1.2.Deposition Techniques breakdown estimates & forecasts, 2020-2030
- 9.4.1.3.Application breakdown estimates & forecasts, 2020-2030
- 9.4.1.4.End User Industry breakdown estimates & forecasts, 2020-2030
- 9.4.2.Canada Hard Coatings Market
- 9.5.Europe Hard Coatings Market Snapshot
- 9.5.1.U.K. Hard Coatings Market
- 9.5.2.Germany Hard Coatings Market
- 9.5.3.France Hard Coatings Market
- 9.5.4.Spain Hard Coatings Market
- 9.5.5.Italy Hard Coatings Market
- 9.5.6.Rest of Europe Hard Coatings Market
- 9.6.Asia-Pacific Hard Coatings Market Snapshot
- 9.6.1.China Hard Coatings Market
- 9.6.2.India Hard Coatings Market
- 9.6.3.Japan Hard Coatings Market
- 9.6.4.Australia Hard Coatings Market
- 9.6.5.South Korea Hard Coatings Market
- 9.6.6.Rest of Asia Pacific Hard Coatings Market
- 9.7.Latin America Hard Coatings Market Snapshot
- 9.7.1.Brazil Hard Coatings Market
- 9.7.2.Mexico Hard Coatings Market
- 9.8.Middle East & Africa Hard Coatings Market
- 9.8.1.Saudi Arabia Hard Coatings Market
- 9.8.2.South Africa Hard Coatings Market
- 9.8.3.Rest of Middle East & Africa Hard Coatings Market
Chapter 10.Competitive Intelligence
- 10.1.Key Company SWOT Analysis
- 10.2.Top Market Strategies
- 10.3.Company Profiles
- 10.3.1. OC Oerlikon Management AG
- 10.3.1.1.Key Information
- 10.3.1.2.Overview
- 10.3.1.3.Financial (Subject to Data Availability)
- 10.3.1.4.Product Summary
- 10.3.1.5.Recent Developments
- 10.3.2.Sulzer Ltd.
- 10.3.3.Momentive
- 10.3.4.CemeCon AG
- 10.3.5.Carl Zeiss AG
- 10.3.6.Meditec AG
- 10.3.7.SDC Technologies, Inc.
- 10.3.8.IHI Ionbond AG
- 10.3.9.ASB Industries, Inc.
- 10.3.10.PLATIT AG
Chapter 11.Research Process
- 11.1.Research Process
- 11.1.1.Data Mining
- 11.1.2.Analysis
- 11.1.3.Market Estimation
- 11.1.4.Validation
- 11.1.5.Publishing
- 11.2.Research Attributes
- 11.3.Research Assumption