Diamond-Like Carbon Coatings Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2018 – 2026
Global Diamond-Like Carbon Coatings Market size is projected to be valued $XX Billion by 2026; with a CAGR of XX% from 2019 to 2026. The growing awareness of environmental problems in recent years, diamond-like carbon coatings has been used to reduce the fuel consumption of automobiles. In addition, it also provides a good diffusion barrier to moisture and gases owing to its excellent mechanical properties. The market popularity of diamond-like coatings has increased owing to its unique properties such as high hardness, anti-reflectivity, low friction, and high corrosion resistance has increased its popularity in the market.
Increased demand for diamond-like carbon coatings from various application areas such as automotive, aerospace, and semiconductors industry is driving the market globally. Moreover, carbon coatings have been used to reduce the fuel consumption of automobiles by improving tribological properties, thereby, reducing friction loss, which has increased the demand in the automotive sector. However, lack of consumer awareness has limited the growth of the market. Further, technological advancement and expansion in untapped regions would provide several growth opportunities for the market in coming years.
The global Diamond-Like Carbon Coatings Market has been segmented on the basis of application and geography. By Application, the market is segmented into automotive, semiconductor & electronics, aerospace, and other applications. The Automotive application segment accounted for the largest market share in 2018, owing to its huge demand in the market. Geographically, the market is categorized into North America, Europe, Asia-Pacific and Rest of the world (RoW). The U.S., Mexico and Canada are covered under North America wherein Europe covers Germany, UK, France, Spain, and others. Asia-Pacific covers China, India, Japan, and others. Rest of the World (RoW) covers South America, Middle East and Africa.
Major companies operating in the Diamond-Like Carbon Coatings Market are Morgan Advanced Materials plc, IBC Coatings Technologies, Inc., Acree Technologies Incorporated, Wallwork Heat Treatment Ltd., Calico Coatings, Nippon ITF Inc., HEF Group, Renishaw plc, OC Oerlikon, and Miba AG, among others.
The Highlights of the Report
Scope of the Global Diamond-Like Carbon Coatings Market