rapid revenue growth in the marine industry as well as rising demand for offshore exploration and maritime transportation are other factors driving revenue growth of the market.

The global Composite Coatings Market size was USD 5.67 Billion in 2022 and is expected to reach USD 9.63 Billion by 2032, and register a rapid revenue CAGR of 5.2% during the forecast period. Rising demand for composite coatings across a range of end-use sectors, including aerospace, automotive, O&G, and marine, is a major factor driving market revenue growth. Need for composite coatings, which offer better mechanical qualities such as corrosion resistance, abrasion resistance, and wear resistance, is increasing due to rising adoption of high-performance and Lightweight Materials in these industries.

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Competitive Landscape:

The global composite coatings market is highly competitive, with several large and medium-sized players accounting for a significant portion of market revenue. These players are using various strategies, such as mergers and acquisitions, strategic partnerships, new product development, and expansion into new markets, to maintain their market position and gain a competitive advantage. Some of the major companies included in the global composite coatings market report are:

• PPG Industries Inc.
• AkzoNobel NV
• Axalta Coating Systems LLC
• Sherwin-Williams Company
• Hempel A/S
• The Valspar Corporation
• BASF SE
• Jotun A/S
• Kansai Paint Co., Ltd.
• The 3M Company

Key questions addressed in the report:

• What is the expected market size of the global Composite Coatings market during the forecast period?
• What CAGR is the global market expected to register during the forecast period?
• Which key factors are expected to boost global market growth between 2021 and 2028?
• What are the key restraints that are expected to hamper global market growth?
• Which regional market is expected to register robust CAGR during the forecast period?
• Which key players are operating the global Composite Coatings market?

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Composite Coatings Market Segmentation:

By Product Type Outlook: 

• Polymer-matrix Composites
• Metal-matrix Composites
• Ceramic-matrix Composites
• Others

By End-Use Outlook: 

• Aerospace & Defense
• Automotive
• Marine
• Construction
• Oil & Gas (O&G)
• Others

Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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