Global Hard Coatings Market Size & Outlook, 2023-2030
The hard coatings industry worldwide is expected to reach a projected revenue of US$ 1,685.9 million by 2030. A compound annual growth rate of 6.8% is expected of the worldwide hard coatings industry from 2024 to 2030.
Revenue, 2023 (US$M)
$1,062.9
Forecast, 2030 (US$M)
$1,685.9
CAGR, 2024 - 2030
6.8%
Report Coverage
Worldwide
Global hard coatings market, 2018-2030 (US$M)
Global hard coatings market highlights
- The global hard coatings market generated a revenue of USD 1,062.9 million in 2023 and is expected to reach USD 1,685.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.8% by 2030.
- In terms of segment, nirides accounted for a revenue of USD 1,062.9 million in 2023.
- Nirides is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 1,062.9 million |
| Market revenue in 2030 | USD 1,685.9 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Nirides |
| Fastest growing segment | Nirides |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nirides |
Other key industry trends
- In terms of revenue, the North America accounted for 21.6% of the global hard coatings market in 2023.
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Hard Coatings Market Scope
Hard coatings market segmentation & scope
Decomposition Techinique
PVD
CVD
Application
Cutting Tool
Decorative Coatings
Optics
Gears
Bearings
Pistons
Cams
Cylinders
Hydraulic/Pneumatic Components
Other Applications
End Use
General Manufacturing
Transportation
Building & Architecture
Medical Equipment
Food Manufacturing
Automotive
Others
Countries
U.S.
Canada
Mexico
Germany
France
Italy
UK
Spain
China
India
Japan
South Korea
Brazil
Argentina
Saudi Arabia
South Africa
Hard Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global hard coatings market size, by regions, 2018-2030 (US$M)
Related regional statistics
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