Hard Coatings Market

The hard coatings market is projected to grow from USD 1.2 billion in 2023 to USD 1.7  billion by 2028, at a CAGR of 7.0% between 2023 and 2028. The driving factors behind the adoption of hard coatings are multifaceted. Firstly, the need for enhanced durability and wear resistance in various industries such as automotive, aerospace, and manufacturing is a primary driver. Hard coatings offer superior protection against abrasion, erosion, and surface fatigue, thereby extending the lifespan of components and machinery. Additionally, the pursuit of improved performance and efficiency drives research and development in hard coating technologies. Furthermore, the growing demand for environmentally friendly solutions pushes the development of hard coatings with reduced environmental impact, fostering sustainability in manufacturing processes. These factors collectively propel the utilization and advancement of hard coating technologies across industries.

Hard Coatings Companies

The major players operating in this business include, OC Oerlikon Management AG (Switzerland), Momentive (US), Cemecon AG (US), Carl Zeiss Meditec AG (Germany), and SDC Technologies, Inc. (US).

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OC Oerlikon Management AG:  OC Oerlikon Corporation AG, based in Pfäffikon, is a leading global hub for innovation in surface engineering, polymer processing, and additive manufacturing. Its extensive range of solutions and services, combined with advanced materials, enhance the performance, functionality, design, and sustainability of both its customers and its own products and manufacturing processes across key industries. The company is organized into two main divisions: Polymer Processing Solutions, which encompasses equipment for filament and texturing, as well as non-filament solutions like plant engineering and carpet yarn solutions; and Surface Solutions, which operates a vast network of production and coating service centers worldwide, spanning nearly 170 sites across more than 35 countries. The Asia-Pacific region contributes significantly to the company's overall sales revenue.

In June 2023, Oerlikon Balzers entered into a ten-year agreement with ITP Aero to apply its innovative PVD coating to the upcoming generation of aero engine components developed by ITP Aero.

Carl Zeiss Meditec AG:  Carl Zeiss Meditec stands as a prominent global player in the medical technology realm, specializing in the production of ophthalmic diagnostic and therapeutic tools. Its extensive product portfolio includes examination and surgical microscopes, diagnostic systems, laser surgery equipment, and intraocular lenses. Leveraging direct sales to ophthalmology clinics and private practices, it capitalizes on the expansive distribution network of its parent company, Carl Zeiss. Moreover, Carl Zeiss Meditec manufactures surgical microscopes crucial in neurological and ear, nose, and throat surgeries, encompassing procedures such as tumor removal and nerve reconstruction.

In October 2022, ZEISS Medical Technology declared a strategic collaboration with the European Association of Neurosurgical Societies (EANS). Through this partnership, the company seeks to bolster neurosurgical specialists' training and ongoing education, facilitate the exchange of insights between users and medical technology manufacturers, and contribute to advancing scientific developments in neurosurgery.

Related Reports:

Hard Coatings Market by Material Type (Nitrides, Oxides, Carbides, Carbon, Borides, Multi-Component), Deposition Techniques (PVD, CVD), Application, End-use industry, and Region (North America, Europe, APAC, South America, MEA) - Global Forecast to 2028

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