Hard Coatings Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Material Type (Carbon-based, Oxides, Nitrides, Carbides, and Other Materials), Technique (PVD and CVD), Application (Cutting tools, Decorative Coatings, Optics, Gears and Bearings, and Other Applications), End-user Industry (Building and Construction, General Manufacturing, Automotive, Transportation, Industrial, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Market Snapshot

Niobium Market - Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >8 %

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Market Overview

The market for hard coatings is expected to grow at a CAGR of more than 8% during the forecast period. Major factors driving the market studied are rapidly growing demand from healthcare sectors and increasing usage of hard coatings in developing nations.

  • On the flip side, the high capital requirement is likely to hinder the market over the forecast period.
  • Asia-Pacific dominated the market across the globe with the largest consumption from countries such as China and India.

Scope of the Report

The hard coatings market report include:

Material Type
Other Materials
PVD (Physical Vapor Deposition)
CVD (Chemical Vapor Deposition)
Cutting tools
Decorative Coatings
Gears and Bearings
Other Applications
End-user Industry
Building and Construction
General manufacturing
Other End-user Industries
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Optics Segment to Dominate the Market

  • The optical industry is one of the major users of hard coatings. Usually, lenses and other optical components use soft coatings, but with the development of high performing techniques, such as hard coating, the use of soft coating becomes obsolete.
  • Hard coating provides numerous advantages over soft coating. Hard coatings remain constant for several years after continuous use, while soft coated lenses and optical components show change over time. Hard coatings are scratch resistant, durable, anti refractive, and anti-fog, and increase longevity. 
  • The major countries contributing to the revenue of the spectacle lenses market included the United States, Germany, France, Italy, the United Kingdom, Spain, Netherland, Canada, etc.
  • In 2018, the revenue from spectacle lenses in the United States, Germany, France, Italy, United Kingdom was about USD 12,187.75 million, USD 5104.58 million, USD 4393.27 million, USD 3528.32 million, and USD 3020.38 million respectively.
  • Aforementioned factors are likely to increase the demand for hard coatings market in the forecast period.
Thiochemicals Market Volume Share

United States to Dominate the North America Region

  • Hard coatings in the United States are used in many industries, such as buildings and construction, automotive, general manufacturing, transportation, etc.
  • In buildings and construction industry, hard coatings can be used for interior or external decorative purposes. The demand for various resistance coatings, such as scratch, electrical, hardness, and wear is, in turn, increasing the demand for the market studied.
  • Furthermore, the United States is the second-largest producer and seller of commercial vehicles and cars. With the increase in electrical vehicles production in the United States, the demand for hard coatings is likely to increase. 
  • The growing awareness regarding the benefits of using hard coatings and the increasing demand for hard coatings for decorative coatings, cuttings tools, etc., are anticipated to encourage the growth of the United States market throughout the forecast period.
Niobium Market Regional Trends

Competitive Landscape

The hard coating market is fragmented. Some of the major companies dominating the market studied for its products, services, and continuous product developments are OC Oerlikon Management AG, IHI Ionbond AG, CemeCon, IHI Hauzer BV, and Sulzer Ltd, among others.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Rapidly Growing Demand from Healthcare Sectors

      2. 4.1.2 Increasing Usage of Hard Coatings in Developing Nations

    2. 4.2 Restraints

      1. 4.2.1 High Capital Requirement

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Material Type

      1. 5.1.1 Carbon-based

      2. 5.1.2 Oxides

      3. 5.1.3 Nitrides

      4. 5.1.4 Carbides

      5. 5.1.5 Other Materials

    2. 5.2 Technique

      1. 5.2.1 PVD (Physical Vapor Deposition)

      2. 5.2.2 CVD (Chemical Vapor Deposition)

    3. 5.3 Application

      1. 5.3.1 Cutting tools

      2. 5.3.2 Decorative Coatings

      3. 5.3.3 Optics

      4. 5.3.4 Gears and Bearings

      5. 5.3.5 Other Applications

    4. 5.4 End-user Industry

      1. 5.4.1 Building and Construction

      2. 5.4.2 General manufacturing

      3. 5.4.3 Automotive

      4. 5.4.4 Transportation

      5. 5.4.5 Industrial

      6. 5.4.6 Other End-user Industries

    5. 5.5 Geography

      1. 5.5.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.5.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.5.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Rest of Europe

      4. 5.5.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.5.5 Middle East & Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle East & Africa


    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 ASB Industries, Inc.

      2. 6.4.2 Carl Zeiss AG

      3. 6.4.3 CemeCon

      4. 6.4.4 DhakeIndustries

      5. 6.4.5 DIARC-Technology Oy

      6. 6.4.6 Duralar Technologies.

      7. 6.4.7 Exxene Corporation

      8. 6.4.8 Gencoa Ltd

      9. 6.4.9 Hardcoatings, Inc.

      10. 6.4.10 IHI Hauzer BV

      11. 6.4.11 IHI Ionbond AG

      12. 6.4.12 Kobe Steel, Ltd

      13. 6.4.13 MBI Coatings

      14. 6.4.14 Momentive

      15. 6.4.15 OC Oerlikon Management AG

      16. 6.4.16 Platit AG

      17. 6.4.17 SDC Technologies, Inc

      18. 6.4.18 Sulzer Ltd

      19. 6.4.19 Ultra Optics

      20. 6.4.20 Voestalpine Eifeler Group

    5. *List Not Exhaustive

**Subject to Availability

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Frequently Asked Questions

The Hard Coatings Market market is studied from 2016 - 2026.

The Hard Coatings Market is growing at a CAGR of >8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

OC Oerlikon Management AG, IHI Ionbond AG, CemeCon, IHI Hauzer BV, Sulzer Ltd. are the major companies operating in Hard Coatings Market.

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