Asia Pacific Hard Coatings Market Size & Outlook
The hard coatings market in Asia Pacific is expected to reach a projected revenue of US$ 626.5 million by 2030. A compound annual growth rate of 7.9% is expected of Asia Pacific hard coatings market from 2024 to 2030.
Revenue, 2023 (US$M)
$368.1
Forecast, 2030 (US$M)
$626.5
CAGR, 2024 - 2030
7.9%
Report Coverage
Asia Pacific
Asia Pacific hard coatings market, 2018-2030 (US$M)
Asia Pacific hard coatings market highlights
- The Asia Pacific hard coatings market generated a revenue of USD 368.1 million in 2023.
- The market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, nirides was the largest revenue generating product in 2023.
- Nirides is the most lucrative product segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 368.1 million |
| Market revenue in 2030 | USD 626.5 million |
| Growth rate | 7.9% (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 |
| Key market players worldwide | Dhake Industries, PPG Industries Inc, Industrial Hard Carbon, REHART, Tecnofirma, Basf SE, Sherwin-Williams Co, Akzo Nobel NV |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 34.6% of the global hard coatings market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 626.5 million by 2030.
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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 |
|---|
Asia Pacific hard coatings market
Related regional statistics
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