The surface protection services market size has grown rapidly in recent years. It will grow from $14.44 billion in 2023 to $17.06 billion in 2024 at a compound annual growth rate (CAGR) of 18.2%. The growth observed in the historical period can be attributed to increased awareness of asset protection, stringent safety and environmental regulations, cost-effectiveness and financial benefits, consumer demand for high-quality products, and greater adoption within the automotive sector.
The surface protection services market size is expected to see rapid growth in the next few years. It will grow to $33.6 billion in 2028 at a compound annual growth rate (CAGR) of 18.5%. The anticipated growth in the forecast period can be linked to the expanding urbanization and industrialization, advancements in technology, growth of the aerospace and defense sectors, expansion in end-user industries, and heightened awareness of asset protection. Key trends expected during this period encompass technological innovations, the rise of green technologies, specialization for various applications, automation and technological advancements, as well as increased investments in research and development activities.
The anticipated growth of the surface protection services market is expected to be driven by the expansion of the renewable energy sector. This sector encompasses industries, technologies, and services involved in generating, distributing, and utilizing energy from renewable sources. The growth in renewable energy is fueled by increasing awareness and concern about climate change, advancements in battery technology and other energy storage solutions, as well as government subsidies, tax incentives, and grants. Surface protection services are crucial in the renewable energy sector as they provide protective coatings and treatments for components such as solar panels, wind turbine blades, and hydroelectric equipment. For example, according to the Office for National Statistics, a UK government agency, the turnover of the UK's low carbon and renewable energy economy (LCREE) rose by 28% between 2021 and 2022, reaching £69.4 billion ($87.88 billion). This growth underscores how the expansion of the renewable energy sector is driving demand within the surface protection service market.
Leading companies in the surface protection service market are actively innovating their product offerings, such as the development of copper nozzles tailored for specific material properties and capabilities in thermal spraying processes. These nozzles are designed to deliver effective surface protection through attributes such as corrosion resistance, antimicrobial properties, thermal conductivity, and aesthetic appeal, catering to diverse industrial applications. An example of this innovation is seen with Hardide Coatings, a US-based company specializing in advanced surface coating technology. In March 2024, they introduced the initial model from their new series of Hardide-enhanced components, featuring a 4-inch JP-5000 copper nozzle optimized for high-velocity oxy-fuel (HVOF) thermal spray coating. The utilization of such copper nozzles facilitates the creation of robust, high-performance surface coatings on components, highlighting the efficacy of copper in enhancing surface protection services.
In January 2022, Integrated Global Services Inc., a US-based provider of thermal spray surface protection solutions, acquired AmStar for an undisclosed sum. This acquisition aims to broaden Integrated Global Services’ portfolio of corrosion and erosion-resistant coatings. AmStar, also based in the US, specializes in surface protection services.
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.
Asia-Pacific was the largest region in the surface protection services market in 2023. The regions covered in the surface protection service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the surface protection service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Surface protection service involves the application of protective coatings, films, or treatments on different surfaces to improve their durability, longevity, and performance. These services are essential across industries to shield surfaces from corrosion, abrasion, chemicals, and environmental elements, thereby prolonging asset lifespan, reducing maintenance expenses, and enhancing operational efficiency.
The primary services within surface protection include corrosion protection coating, mechanical protection coating, electroplating, thermal spray, and others. Corrosion protection coating specifically entails applying protective layers on metal surfaces to prevent rust and other forms of corrosion triggered by environmental factors such as moisture and chemicals. Applications span various sectors including manufacturing, oil and gas, mining, power generation, aerospace and defense, and other industries.
The surface protection service market research report is one of a series of new reports that provides surface protection service market statistics, including the surface protection service industry global market size, regional shares, competitors with surface protection service market share, detailed surface protection service market segments, market trends, and opportunities, and any further data you may need to thrive in the surface protection service industry. These surface protection service market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The surface protection services market includes revenues earned by entities by providing services such as coating, lamination, cleaning, polishing, rust inhibition, surface preparation, adhesive application, protective films, and consulting services to protect surfaces from damage and environmental factors. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The surface protection services market size is expected to see rapid growth in the next few years. It will grow to $33.6 billion in 2028 at a compound annual growth rate (CAGR) of 18.5%. The anticipated growth in the forecast period can be linked to the expanding urbanization and industrialization, advancements in technology, growth of the aerospace and defense sectors, expansion in end-user industries, and heightened awareness of asset protection. Key trends expected during this period encompass technological innovations, the rise of green technologies, specialization for various applications, automation and technological advancements, as well as increased investments in research and development activities.
The anticipated growth of the surface protection services market is expected to be driven by the expansion of the renewable energy sector. This sector encompasses industries, technologies, and services involved in generating, distributing, and utilizing energy from renewable sources. The growth in renewable energy is fueled by increasing awareness and concern about climate change, advancements in battery technology and other energy storage solutions, as well as government subsidies, tax incentives, and grants. Surface protection services are crucial in the renewable energy sector as they provide protective coatings and treatments for components such as solar panels, wind turbine blades, and hydroelectric equipment. For example, according to the Office for National Statistics, a UK government agency, the turnover of the UK's low carbon and renewable energy economy (LCREE) rose by 28% between 2021 and 2022, reaching £69.4 billion ($87.88 billion). This growth underscores how the expansion of the renewable energy sector is driving demand within the surface protection service market.
Leading companies in the surface protection service market are actively innovating their product offerings, such as the development of copper nozzles tailored for specific material properties and capabilities in thermal spraying processes. These nozzles are designed to deliver effective surface protection through attributes such as corrosion resistance, antimicrobial properties, thermal conductivity, and aesthetic appeal, catering to diverse industrial applications. An example of this innovation is seen with Hardide Coatings, a US-based company specializing in advanced surface coating technology. In March 2024, they introduced the initial model from their new series of Hardide-enhanced components, featuring a 4-inch JP-5000 copper nozzle optimized for high-velocity oxy-fuel (HVOF) thermal spray coating. The utilization of such copper nozzles facilitates the creation of robust, high-performance surface coatings on components, highlighting the efficacy of copper in enhancing surface protection services.
In January 2022, Integrated Global Services Inc., a US-based provider of thermal spray surface protection solutions, acquired AmStar for an undisclosed sum. This acquisition aims to broaden Integrated Global Services’ portfolio of corrosion and erosion-resistant coatings. AmStar, also based in the US, specializes in surface protection services.
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.
Asia-Pacific was the largest region in the surface protection services market in 2023. The regions covered in the surface protection service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the surface protection service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Surface protection service involves the application of protective coatings, films, or treatments on different surfaces to improve their durability, longevity, and performance. These services are essential across industries to shield surfaces from corrosion, abrasion, chemicals, and environmental elements, thereby prolonging asset lifespan, reducing maintenance expenses, and enhancing operational efficiency.
The primary services within surface protection include corrosion protection coating, mechanical protection coating, electroplating, thermal spray, and others. Corrosion protection coating specifically entails applying protective layers on metal surfaces to prevent rust and other forms of corrosion triggered by environmental factors such as moisture and chemicals. Applications span various sectors including manufacturing, oil and gas, mining, power generation, aerospace and defense, and other industries.
The surface protection service market research report is one of a series of new reports that provides surface protection service market statistics, including the surface protection service industry global market size, regional shares, competitors with surface protection service market share, detailed surface protection service market segments, market trends, and opportunities, and any further data you may need to thrive in the surface protection service industry. These surface protection service market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The surface protection services market includes revenues earned by entities by providing services such as coating, lamination, cleaning, polishing, rust inhibition, surface preparation, adhesive application, protective films, and consulting services to protect surfaces from damage and environmental factors. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Surface Protection Service Market Characteristics3. Surface Protection Service Market Trends and Strategies32. Global Surface Protection Service Market Competitive Benchmarking33. Global Surface Protection Service Market Competitive Dashboard34. Key Mergers and Acquisitions in the Surface Protection Service Market
4. Surface Protection Service Market - Macro Economic Scenario
5. Global Surface Protection Service Market Size and Growth
6. Surface Protection Service Market Segmentation
7. Surface Protection Service Market Regional and Country Analysis
8. Asia-Pacific Surface Protection Service Market
9. China Surface Protection Service Market
10. India Surface Protection Service Market
11. Japan Surface Protection Service Market
12. Australia Surface Protection Service Market
13. Indonesia Surface Protection Service Market
14. South Korea Surface Protection Service Market
15. Western Europe Surface Protection Service Market
16. UK Surface Protection Service Market
17. Germany Surface Protection Service Market
18. France Surface Protection Service Market
19. Italy Surface Protection Service Market
20. Spain Surface Protection Service Market
21. Eastern Europe Surface Protection Service Market
22. Russia Surface Protection Service Market
23. North America Surface Protection Service Market
24. USA Surface Protection Service Market
25. Canada Surface Protection Service Market
26. South America Surface Protection Service Market
27. Brazil Surface Protection Service Market
28. Middle East Surface Protection Service Market
29. Africa Surface Protection Service Market
30. Surface Protection Service Market Competitive Landscape and Company Profiles
31. Surface Protection Service Market Other Major and Innovative Companies
35. Surface Protection Service Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Surface Protection Service Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on surface protection service market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for surface protection service? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The surface protection service market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Service Type: Corrosion Protection Coating; Mechanical Protection Coating; Electroplating; Thermal Spray; Other Service Types2) 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
Key Companies Mentioned: BASF SE; 3M Company; The Sherwin-Williams Company; PPG Industries Inc.; DuPont
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | August 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 17.06 Billion |
Forecasted Market Value ( USD | $ 33.6 Billion |
Compound Annual Growth Rate | 18.5% |
Regions Covered | Global |
No. of Companies Mentioned | 20 |