Hexa Research
Fact-based market research , penetrating industry insights and validated forecasts to help you make better decisions for a stronger future
Asia Pacific is the largest attractive market for composite coatings . The growing demand for public infrastructure is expected to boost market growth in this region . The increased automotive demand in China , India , Japan , and South Korea is fueling market growth in this region . The growth in this region can also be attributed to improved foreign policies in India and China due to which there is an increase in composite coatings manufacturers in this region . Asia Pacific is followed by Europe and North America . The strict environmental regulations in these regions are aiding the growth of composite coatings market .
The construction and the automotive industry is reviving in the U . S . and increased military expenditure in this country makes the U . S . a lucrative market . The coating industry in the U . S . is expected to grow by 8 %, which is a positive sign for the composite coatings market . Germany is also a major market as it is characterized by the presence of automobile manufacturers . The presence of manufacturers in these regions is also responsible for the growth of these regional markets . The Middle East and Africa contribute to the overall market minimally due to less usage in end user applications . Brazil and Russia are expected to contribute in a big way as they are investing heavily in infrastructure due to upcoming events such as FIFA World Cup 2018 and Olympics 2016 .
The key manufacturers of composite coatings are A . W . Chesterton Co ., Zircotec , RPS Composites , Inc ., Basler Lacke , Finnester Coatings Oy , Mader , Nickel Ceramic Composite Coatings , Inc ., Metal Coatings Corp , TST Engineered Coating Solutions , and Endura Coatings .
The ARC series developed by A . W . Chesterton Co . belongs to the composite coatings segment and is mainly used to protect industrial machinery from corrosion . The composite coatings manufactured by Zircotec are used to coat exhaust in industrial and automotive applications . RPS has acquired Composite Coatings LLC to gain access to the Composite Coatings market . Basler Lacke specializes in premium grade composite coatings for carbon composites . The products offered by Finnester Coatings Oy in the composite coatings
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