Lucintel's latest market report analyzed that composites coating provides attractive opportunities in the aerospace & defense, industrial, medical, food industry, oil & gas, and transportation industries. The composites coating market is expected to reach $XX billion by 2028 with a CAGR of 4% to 6%. In this market, anti-corrosion is the largest segment by application, whereas oil & gas is largest by end use industry.
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Based on application, the composites coating market is segmented into anti-corrosion, thermal protection. The anti-corrosion segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growing demand in oil and gas sector for composite coating with anti-corrosive properties.
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The Composites Coating Market is marked by the presence of several big and small players. Some of the prominent players offering composites coating include Akzo Nobel, PPG Industries, The Sherwin-Williams Company, RPM International, Aztron Technologies, Axalta Coating Systems, and Mäder.
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