Global Hard Coatings Market Size & Outlook, 2024-2030
The global hard coatings market size was estimated at USD 1,062.9 million in 2023 and is projected to reach USD 1,685.9 million by 2030, growing at a CAGR of 7.1% from 2024 to 2030.
Revenue, 2023 (US$M)
$1,062.9
Forecast, 2030 (US$M)
$1,685.9
CAGR, 2024 - 2030
7.1%
Report Coverage
Worldwide
Global hard coatings market, 2018-2030 (US$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 7.1% by 2030.
- In terms of segment, nirides accounted for a revenue of USD 1,115.0 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 | 7.1% (CAGR from 2024 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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Tecnofirma | View profile | 51-100 | Monza, Lombardia, Italy, Europe | https://www.tecnofirma.com |
| REHART | View profile | 51-100 | Ehingen, Baden-Wurttemberg, Germany, Europe | https://www.rehart.de/ |
| Industrial Hard Carbon | View profile | 11-50 | Denver, North Carolina, United States, North America | http://www.industrialhardcarbon.com |
| Dhake Industries | View profile | 11-50 | Plymouth, Michigan, United States, North America | http://dhakeindustries.com |
| Sherwin-Williams Co | View profile | 64088 | 101 West Prospect Avenue, Cleveland, OH, United States, 44115-1075 | https://www.sherwin-williams.com |
| PPG Industries Inc | View profile | 53000 | One PPG Place, Pittsburgh, PA, United States, 15272 | https://www.ppg.com |
| Akzo Nobel NV | View profile | 35500 | Christian Neefestraat 2, Amsterdam, NH, Netherlands, 1077 WW | https://www.akzonobel.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Global hard coatings market size, by regions, 2018-2030 (US$M)
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