How Has the Surface Protection Service Market Evolved Historically and What is its Current Size?
The surface protection service market has seen considerable growth due to a variety of factors.
• The surface protection service market has experienced rapid growth in recent years. It is expected to grow from $17.06 billion in 2024 to $20.26 billion in 2025, with a compound annual growth rate (CAGR) of 18.7%.
This expansion is driven by increasing awareness about asset protection, strict safety and environmental regulations, financial benefits, a growing demand for high-quality products, and greater adoption in the automotive industry.
What Is The Projected Growth Of The Surface Protection Service Template Market?
The surface protection service market is expected to maintain its strong growth trajectory in upcoming years.
• The surface protection service market is set for rapid growth, reaching $39.77 billion by 2029 at a CAGR of 18.4%.
This growth is driven by urbanization, industrialization, technological progress, growth in the aerospace and defense industry, and increasing awareness of asset protection. Major trends include advancements in technology, green technology emergence, specialization for different applications, automation, and rising investments in R&D.
What Are The Key Drivers Fueling Growth In The Surface Protection Service Market?
The growth of the surface protection services market is anticipated to be fueled by the expansion of the renewable energy sector. The renewable energy sector constitutes industries, technologies, and services focused on the production, distribution, and use of energy from renewable resources. This sector's progress is attributed to greater environmental awareness, advancements in battery technology and other energy storage solutions, as well as subsidies, tax breaks, and grants offered by governments. Surface protection services serve a key role in this sector as they offer protective coatings and treatments for components like solar panels, wind turbine blades, and hydroelectric equipment. A clear example of this is in March 2024, when the UK Office for National Statistics reported that the estimated turnover of the UK's low carbon and renewable energy economy (LCREE) saw a 28.0% increase from 2021 to 2022, soaring from £54.2 ($68.63) billion to £69.4 ($87.88) billion. Hence, the growth of the renewable energy sector is spurring the expansion of the surface protection service market.
What Are The Principal Market Segments In The Global Surface Protection Service Industry?
The surface protection service market covered in this report is segmented –
1) By Service Type: Corrosion Protection Coating, Mechanical Protection Coating, Electroplating, Thermal Spray, Other Service Types
2) By Application: Pipelines, Hydraulic Shafts And Cylinders, Process And Vessel Equipment, Other Applications
3) By End-User: Manufacturing, Oil And Gas, Mining, Power And Energy, Aerospace And Defense, Other End-Users
Subsegments:
1) By Corrosion Protection Coating: Epoxy Coatings, Polyurethane Coatings, Zinc-Rich Coatings, Alkyd Coatings
2) By Mechanical Protection Coating: Abrasion-Resistant Coatings, Impact-Resistant Coatings, Wear-Resistant Coatings
3) By Electroplating: Chrome Plating, Nickel Plating, Copper Plating, Zinc Plating
4) By Thermal Spray: Flame Spray, Plasma Spray, High-Velocity Oxy-Fuel Spray, Arc Spray
5) By Other Service Types: Powder Coating, Anodizing, Hot-Dip Galvanizing
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Which Emerging Market Trends Are Altering The Surface Protection Service Industry?
Leading firms in the surface protection service domain are introducing pioneering products like copper nozzles to provide unique material features and capabilities in the thermal spraying process. Copper nozzles offer efficient surface shielding by delivering corrosion resistance, antimicrobial attributes, thermal conductivity, and aesthetic appeal, rendering them fit for diverse industrial uses. For example, in March 2024, Hardide Coatings, a US-based firm expert in progressive surface coating technology, launched the first product from its new range of Hardide-enhanced components. This product is a 4-inch JP-5000 copper nozzle, specifically designed for high-velocity oxy-fuel (HVOF) thermal spray coating. The application of this copper nozzle facilitates robust, high-performance surface coatings on components, demonstrating copper's effectivity in providing surface protection services.
Who Are the Key Players In The Surface Protection Service Market?
Major companies operating in the surface protection service market are:
• BASF SE
• 3M Company
• The Sherwin-Williams Company
• PPG Industries Inc.
• DuPont
• Akzo Nobel N.V.
• Sulzer Ltd.
• Oerlikon Management AG
• SMS group GmbH
• POLIFILM
• Fisher Barton
• TWI Ltd.
• Integrated Global Services Inc.
• T.F. Warren Group
• Praxair Technology Inc.
• Plasma Technology Incorporated
• ASB Industries
• Spence Corrosion Services Ltd.
• A&A Thermal Spray Coatings
• PARAGON PROTECTIVE COATINGS (PPC) LTD.
What Are The Regional Insights Into The Surface Protection Service Market?
Asia-Pacific was the largest region in the surface protection services market in 2024. The regions covered in the surface protection service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
