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Hard Coatings Market

Hard Coatings Market

Hard Coatings Market Share & Trend Analysis, By Deposition Technique (Based on Physical Vapor Deposition, Based on Chemical Vapor Deposition), By Material (Boride Hard Coatings, Nitride Hard Coatings, Oxide Hard Coatings, Carbide Hard Coatings) & By Region - Global Insights to 2031

Hard Coatings Market

Hard Coatings Market Outlook

The global hard coatings market revenue topped US$ 750 Mn in 2020, in spite of recessionary impacts induced by the COVID-19 pandemic. Sales remained high amid high uptake in the food processing industry. Future prospects are likely to receive significant nudge, with the market anticipated to reach a valuation exceeding US$ 1 Bn by 2031.

Hard Coatings Market Outlook (2016-2020) & Future Growth Prospects (2021-2031)

Fact.MR – a market research and competitive intelligence provider, has analyzed that, from 2016 to 2020, hard coating sales forecast experienced strong expansion, expanding at a CAGR of over 6%. The market was valued at nearly US$ 600 Mn at the commencement of the historical period. Extensive applications across such key industries as healthcare and food & beverage processing primarily drove growth.

Adjusting for the COVID-19 induced downturn, the market for hard coatings topped US$ 750 Mn in 2020. Growth was majorly sustained by applications in the food processing industry, attributed to the surging demand for ready-to-eat foods during the lockdown period. From 2021 to 2031, demand is poised to experience a growth of nearly 7% in value CAGR terms.

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How is Expanding Global Healthcare Industry Fueling Growth Prospects for Hard Coating Suppliers?

According to the hard coatings demand outlook, a proliferating global healthcare landscape is opening up lucrative growth opportunities for hard coatings, particularly in the medical devices and equipment manufacturing domain. Functionalization of surfaces through PVD coatings are an indispensable part of modern medical technology.

PVD coatings impart a unique combination of extreme surface hardness, low friction coefficient and anti-corrosion properties. Furthermore, compliance with biocompatibility regulations is an additional feather in the cap of the hard coatings landscape. Prominent manufacturers such as Oerlikon Balzers and SCS Medical Coatings are thus finding high ground for future expansion, contributing significantly to overall market growth.

Will Food Manufacturing Open New Growth Frontiers for Hard Coatings?

As the global population swells, demand for hygienic food is increasing exponentially. As a consequence, food manufacturers have been investigating the scope of hard coatings to enhance food quality, introducing numerous innovative technologies, driving market expansion. These coatings are important to prevent food spoilage from biotic and abiotic environmental factors.

Hence, major players are specializing in edible food coatings which help preserve food quality. Edible coatings are applied in active packaging due to their functional properties and because they eliminate or inhibit the growth of microorganisms in food products. Active antimicrobial packages are designed to function when in direct contact with food as they incorporate antimicrobial additives.

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What are the Key Challenges to Future Hard Coating Sales?

While hard coatings demand has flourished across major industries in the historical period, high total cost of ownership and highly capital intensive nature of investment are poised to hinder expansion prospects to a significant extent.

Further challenges are anticipated amid high availability of cheaper substitute coatings which are water soluble and biodegradable. Consequently, industries are likely to be more inclined towards the latter.

hard coatings market by FactMR

Country-wise Analysis

What Do Hard Coatings Market Insights Conclude about the U.S.?

The market for hard coatings in the U.S reached over US$ 200 Mn in 2020. Growth is expected to be spurred by high uptake across the medical devices sector. According to the Centers for Medicare and Medicaid (CMS), national healthcare spending across the U.S is poised to grow at an average annual rate of 5.4% until 2028.

By 2020, total healthcare spending reached US$ 4.01 Tn amid the pandemic crisis. Consequently, the medical devices industry received a tremendous boost, acting as a catalyst for hard coatings sales for the healthcare industry. Coatings manufactured through physical vapor deposition (PVD) and titanium nitride are the most widely sold products.

How is China Likely to Fare in the Global Hard Coatings Landscape?

China is anticipated to reach over US$ 250 Mn in revenue terms, expanding at a staggering CAGR exceeding 10% until 2031. Prominent manufacturers are increasingly targeting the architectural coatings landscape, as they constitute over 1/3 of the domestic market for hard coatings.

As per Fact.MR’s analysis of hard coatings demand for China, these are increasingly being deployed across the buildings and construction industry, attributed to the increasing need for robust material to protect infrastructure from corrosion, abrasion and other abiotic phenomena.

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Category-wise Insights

Which is the Most Preferred Hard Coating Deposition Technique?

By deposition technique, hard coatings based on physical vapor deposition (PVD) are expected to register high sales, growing at approximately 5% CAGR, as per Fact.MR’s projections.

Hard coatings based on PVD are tougher and more corrosion-resistant compared to coatings made by other processes, such as electroplating. PVD coatings are used in thin film solar panels, aluminized PET film for food packaging and titanium nitride coated cutting tools for metalworking.

Why are Projections for Oxide Hard Coatings the Strongest?

Fact.MR’s hard coatings industry analysis projects that demand for oxide hard coatings are anticipated to surge at nearly 8% CAGR throughout the forecast period.

Techniques such as black oxide coating, for instance, offer minimal dimensional changes, provides a more aesthetic finish, zero hydrogen embrittlement and enhanced resistance to corrosion. Moreover, oxide hard coatings reduce friction.

Competitive Landscape

Key manufacturers of hard coatings are reliant on multiple growth strategies- from new product launches and R&D funding to strategic mergers & acquisitions and collaborations. Some notable developments in the hard coatings industry analysis include:

  • In January 2021, ASB Industries Inc. collaborated with Hannecard to henceforth operate under the name Hannecard Roller Coatings Inc. This partnership is likely to expand ASB’s rubber & polyurethane roller coatings business across key industries.
  • Since 2020, CemeCon K.K has been collaborating with several Japanese tool manufacturers to provide its range of diamond coatings at its new coating center in Nagoya. Furthermore, they have successfully integrated the HiPIMS technology.

Report Scope



Forecast Period


Historical Data Available for


Market Analysis

US$ Mn for Value & ‘000 Units for Volume

Key Regions Covered

  • North America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Latin America
  • Middle East & Africa

Key Countries Covered

  • U.S
  • Canada
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Brazil
  • Mexico
  • Argentina
  • GCC
  • South Africa

Key Market Segments Covered

  • Deposition Technique
  • Material
  • Region

Key Companies Profiled

  • ASB Industries Inc.
  • CemeCon AG
  • Dhake Industries Inc.
  • DIARC-Technology Oy
  • Duralar Technologies
  • Exxene Corp
  • Gencoa Ltd.
  • Hardcoatings Inc.
  • Ihi Hauzer Techno Coating B.V
  • Ihi Ionbond AG
  • Kobe Steel Ltd.
  • Momentive Performance Materials Inc.
  • OC Oerlikon Corporation AG
  • Platit AG
  • SDC Technologies Inc.
  • Sulzer Ltd.
  • Ultra Optics
  • Zeiss Group


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Key Segments Covered in Market Study

  • Deposition Technique

    • Hard Coatings Based on Physical Vapor Deposition
    • Hard Coatings Based on Chemical Vapor Deposition
  • Material

    • Boride Hard Coatings
    • Nitride Hard Coatings
    • Oxide Hard Coatings
    • Carbide Hard Coatings
    • Carbon-based Hard Coatings
    • Multi-Component Hard Coatings

- FAQs -

The global hard coatings market has surpassed US$ 750 Mn in revenue terms.

Hard coating demand is expected to surpass US$ 1 Bn by 2031, expanding at around 7% CAGR.

Hard coatings market insights estimates that the market expanded at above 6% CAGR from 2016 to 2020.

Sales of hard coatings are majorly influenced by an ever-flourishing medical devices & equipment industry.

Hard coating application is expected to emerge strongest across the food processing industry.

The U.S., Canada, China, Japan, and Germany are expected to emerge as frontrunners as far as global hard coatings sales are concerned.

Sales of hard coatings in the U.S. totaled more than US$ 200 Mn as of 2020.

Demand for hard coatings in China is likely to expand at a CAGR exceeding 10% through 2031.

Hard coatings manufactured from oxides are expected to expand at nearly 8% CAGR until 2031.

ASB Industries Inc., SDC Technologies Inc., CemeCon AG, and OC Oerlikon Corporation AG are some of the major hard coating manufacturers.

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