Market Size of Hard Coatings Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | > 8.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Hard Coatings Market Analysis
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.