Chemical Market Reports Composite Coatings Market Research Report | 页面 2

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Growing population and rapid industrialization are the factors driving market growth. Composite coatings are majorly used in applications such as construction, oil & gas, automotive & transportation, aerospace, wind energy, and other industries. Oil & gas is expected to grow at a substantial rate due to technological innovation in processes such as topside applications, piping system, and downhole tubing systems. The most common areas where composite coatings are applied are steel structures, bridges, underground pipelines, and offshore platforms. The increased usage of composite coatings in interior parts of buses, cars, aircraft and trucks are expected to have a positive impact on market growth. Browse Detail Report@ https://www.hexaresearch.com/upcoming-research/composite-coatings-market The automotive sector is expected to grow in the Asia Pacific due to changing consumer demands and expanded regulatory requirements that favor the usage of composite coatings. Composite coatings are used in coating airframes in aircraft. They are used to coat wind panels used in the generation of electricity. The wind energy market is expected to double in the next five years. The increasing awareness on renewable energy can augment market growth for this segment. Government initiatives directed towards infrastructure and construction can boost market growth. The major restraint in this market is the fluctuating prices of raw materials. Bio-composites developed from renewable sources are gaining importance as replacements for those manufactured from plastics that involves petrol and crude oil for its production. Nano-based composite coatings are touted as automotive coatings for cars in the near future. Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/