Wear Resistant Coating Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2027
Market Forecast The Global Abrasion-Resistant Coatings Market is expected to exhibit a CAGR of 6% during the forecast period and cross USD 11.8 Billion by 2025. Abrasion-resistant coatings are extensively used to reduce wear and extend the operational life of the products. These coatings are used in applications where lubrication is not suitable. These coatings exhibit superior wear attributes, chemical resistance, and excellent hardness and toughness. Pricing Analysis The price for Wear Resistant Coating Market is highly influenced by the raw materials required for manufacturing the coatings. The polymer coatings are subject of fluctuating cost on account of the petroleum-based raw materials used. This is due to the large supply–demand gap associated with petroleum products. Also, the ceramic coatings use elements found in nature, the mining and extraction of which influence the cost of these coatings. Segmentation By Type This segment is divided