Composite Coatings Market Segmentation:
End- User Segment Analysis
The oil & gas segment in the composite coatings market is estimated to gain a robust revenue share of 30% in the coming years owing to the rising oil & gas sector. The composite coating is used as a protective coating to add shielding layers to increase the hardness and shelf time in equipment such as pipelines, vessels, and subsea equipment for proper functioning. These coatings are used in the oil & gas industry in various processes of exploration & production, transportation & storage, refining & petrochemical. According to data, the oil & gas industry is one of the largest sectors in the world, which generated over USD 4 trillion in 2022.
Techniques Segment Analysis
The brazing segment is set to garner a notable share shortly. This technique allows giving a tough and high resistance during the coating process compared to other techniques. The brazing method provides water resistance corrosion resistance to the surface. This is also believed to protect from damage caused by UV rays, scratches, heat, and fire. Further, owing to the light weight of composite coatings, the brazing techniques are applied in several sectors including aerospace, and automobile, among others to achieve the perfect result.
Our in-depth analysis of the global market includes the following segments:
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