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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Hard Coatings Market
Request Now !Hard coating, also known as hard anodizing, is an electrochemical material that is used as a corrosion-resistant coating. It is applied to aluminum surfaces and aluminum alloy parts or pieces to form hard surface coating using copper. Hard coatings are used in plumbing fixtures, sporting goods, metal dinnerware, eyeglass frames, and door hardware. Hard coatings are used as decorative coatings, cutting tools, optics, gears, and injection molding dies. They improve the service life of assemblies and pipelines, thereby reducing costs related to repair and premature replacements. They provide durability to a product and the ability to carry heavy weight. Hard anodized metal structures are used in the construction sector to provide durable escalators, lifts, lobbies, roofs, exteriors; and most widely used in satellites, space, and communication devices such as computer hardware and a number of consumer products.
COVID-19 scenario analysis
The global hard coatings market is growing at a healthy rate. New developments in the healthcare market and rise in demand for medical equipment across the globe are some of the main factors responsible for the growth of the global hard coatings market. In addition, increase in focus on new product development, innovations, and research & development activities is expected to generate lucrative opportunities for the global hard coatings market growth.
On the contrary, hard coatings value chain is capital-intensive due to high cost of initial investment, ownerships costs, and transportation costs. This is likely to hamper the global hard coatings market. In addition, the development of cheaper substitutes is expected to hamper the growth of the overall market.
Hard coatings are composed of materials, such as nitrides, oxides, carbides, carbon-based, borides, and multi-component. Cutting tools is the fastest growing segment of the hard coatings markets.
NALCO launched a new product Aluminum Alloy 1200 (AA 1200) to its product range to boost the Make in India initiative. Commercial aluminum alloy grade 1,200 has unique features such as high corrosion resistance and boasts of high thermal conductivity and reflectivity.
There is an incredible demand for electrochemical across the globe. Also, urbanization and globalization, which lead to the development of aerospace and developing technologies, have driven the growth of automotive companies. In each of these industries, use of metals and alloys is done for manufacturing components. This acts as the major main driving force of the global hard coatings market.
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Questions answered in the hard coatings market research report:
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