Dacromet Coating Market Trends and Forecast
The future of the global dacromet coating market looks promising with opportunities in the shipping, automobile, aviation, and building markets. The global dacromet coating market is expected to grow with a CAGR of 3.4% from 2024 to 2030. The major drivers for this market are increasing need for corrosion-resistant coatings in automotive and industrial applications, rising infrastructure projects requiring durable and long-lasting protective coatings, and strict environmental regulations.
• Lucintel forecasts that chromium-containing dacromet coating is expected to witness the highest growth over the forecast period.
• Within this market, shipping is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Dacromet Coating Market
• United States: In 2023, the U.S. Department of Transportation announced funding for infrastructure projects, prioritizing corrosion-resistant materials. ZRC Worldwide introduced an advanced Dacromet coating line to meet rising demand in automotive and aerospace sectors.
• Germany: BASF expanded its coating production facility in Ludwigshafen in early 2024, enhancing capacity for eco-friendly Dacromet coatings. The German government set targets for reducing industrial emissions, encouraging the adoption of such advanced coatings.
• China: In 2023, Hunan Xiangjiang Coating Technology launched a new Dacromet coating facility to serve the growing automotive market. The Chinese government announced subsidies for companies adopting environmentally friendly coatings to meet its carbon neutrality goals by 2060.
• Japan: Nippon Paint Holdings announced a collaboration with Toyota in 2024 to develop advanced Dacromet coatings for next-generation vehicles. The Japanese government set a target to reduce industrial waste by 50% by 2030, promoting sustainable coating solutions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Dacromet Coating Market by Segment
The study includes a forecast for the global dacromet coating market by type, application, and region.
Dacromet Coating Market by Type [Value from 2018 to 2030]:
• Chromium-Containing Dacromet Coating
• Chromium-Free Dacromet Coating
Dacromet Coating Market by Application [Value from 2018 to 2030]:
• Shipping
• Automobile
• Aviation
• Building
• Others
Dacromet Coating Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Dacromet Coating Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies dacromet coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the dacromet coating companies profiled in this report include-
• Metal Coatings International
• Vöhrs
• BSN Fastener Limited
• NOF CORPORATION
• Alpha Fastener
• Torqbolt
• GSP
Recent Development in the Dacromet Coating Market
• NOF Corporation: NOF Corporation has expanded its Dacromet coating production capabilities in response to rising demand from the automotive and aerospace sectors. The company aims to enhance its supply chain resilience and reduce lead times for its clients globally.
• Doerken MKS-Systeme GmbH & Co. KG: Doerken MKS-Systeme announced the launch of a new, eco-friendly Dacromet coating line that complies with the latest environmental regulations. This initiative is part of their commitment to sustainability and reducing the environmental impact of their products.
• Curtiss-Wright Corporation: Curtiss-Wright has secured a major contract to provide Dacromet coating services for military equipment, emphasizing the coatingÄX%$%Xs superior corrosion resistance properties. This contract is expected to significantly boost the companyÄX%$%Xs revenue in the defense sector.
• Nippon Paint Holdings Co., Ltd.: Nippon Paint Holdings has invested in advanced R&D facilities focused on developing next-generation Dacromet coatings. These new coatings aim to offer enhanced performance characteristics such as higher corrosion resistance and longer durability.
• Parker Hannifin Corporation: Parker Hannifin has introduced a new line of Dacromet-coated fasteners designed for the renewable energy industry. These fasteners are tailored to withstand harsh environmental conditions, ensuring long-term reliability and performance in wind and solar installations.
Features of the Global Dacromet Coating Market
Market Size Estimates: Dacromet coating market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Dacromet coating market size by type, application, and region in terms of value ($B).
Regional Analysis: Dacromet coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the dacromet coating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the dacromet coating market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for dacromet coating market?
Answer: The global dacromet coating market is expected to grow with a CAGR of 3.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the dacromet coating market?
Answer: The major drivers for this market are increasing need for corrosion-resistant coatings in automotive and industrial applications, rising infrastructure projects requiring durable and long-lasting protective coatings, and strict environmental regulations.
Q3. What are the major segments for dacromet coating market?
Answer: The future of the dacromet coating market looks promising with opportunities in the shipping, automobile, aviation, and building markets.
Q4. Who are the key dacromet coating market companies?
Answer: Some of the key dacromet coating companies are as follows:
• Metal Coatings International
• Vöhrs
• BSN Fastener Limited
• NOF CORPORATION
• Alpha Fastener
• Torqbolt
• GSP
Q5. Which dacromet coating market segment will be the largest in future?
Answer: Lucintel forecasts that chromium-containing dacromet coating is expected to witness the highest growth over the forecast period.
Q6. In dacromet coating market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the dacromet coating market by type (chromium-containing dacromet coating and chromium-free dacromet coating), application (shipping, automobile, aviation, building, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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