The global graphite coatings market size is expected to reach USD 1.40 billion by 2032, according to a new study by Polaris Market Research. The report “Graphite Coatings Market Share, Size, Trends, Industry Analysis Report, By Application (Lubrication, Anti-Seize Agent, Release Agent, and Others); By End Use; By Region; Segment Forecast, 2019 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The continuous surge in the demand for heavy transport vehicles across the globe, which features high-tech lubrication braking systems, which allows the break to withstand under extreme stress and growing product adoption over ceramic coatings because of its advantageous characteristics, driving the demand and growth of global market. Increasing number of industries who are seeking coatings with improved wear resistance, adhesion, chemical resistance, and anti-fouling properties and innovations in coatings formulation is likely to spur the market growth.
In addition, rising investments on R&D activities mainly focused on material innovations and process improvements, which includes exploring new graphite formulations, integrating alternative materials, and developing advanced coating technologies, while aiming to enhance the performance, durability, and functionality of graphite coatings for a wide range of applications is generating huge growth potential for the market. For instance, in May 2023, Gerdau Graphene, introduced its two new performance-enhancing graphene additives mainly developed for the paints & coatings industry. The newly developed additives utilize graphene nanoplates which helps in delivering performance improvements especially for the water-based paints and coatings without affecting the pH levels.
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The rising prevalence for incorporation nanomaterials like graphene into the graphite coatings formulation, which allow these coatings to offer exceptional mechanical, thermal, and electrical properties and surging implementation on microcapsules or polymers which helps in releasing healing agents when the damage occurs, is likely to create lucrative growth and revenue opportunities for the market in the near future.
Moreover, the emerging scope of graphite coatings across various industries like aerospace, metallurgy, and glass manufacturing among others, as they are well-suited for extremely high-temperature applications that generally found in these industries along with the expansion of advanced electronics like wearable devices, Internet of Things, and 5G technology all over the world are opening up new avenues for the global market growth.
Graphite Coatings Market Report Highlights
Polaris Market Research has segmented the graphite coatings market report based on application, end use, and region:
Graphite Coatings, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Graphite Coatings, End Use Outlook (Revenue - USD Billion, 2019 - 2032)
Graphite Coatings, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2023 |
USD 743.92 million |
Revenue forecast in 2032 |
USD 1,407.28 million |
CAGR |
7.3% from 2023 – 2032 |
Base year |
2022 |
Historical data |
2019 – 2021 |
Forecast period |
2023 – 2032 |
Quantitative units |
Revenue in USD million and CAGR from 2023 to 2032 |
Segments covered |
By Application, By End Use, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
For Specific Research Requirements |