QYResearch has published a new report on the global Diamond-Like Carbon Coating market. The global Diamond-Like Carbon Coating market size is expected to gain market growth in the forecast period of 2020 to 2026, with a CAGR of 4.58% in the forecast period of 2020 to 2026 and will expected to reach USD 1229.25 million by 2026, from USD 939.57 million in 2019.
Diamond-Like Carbon (DLC) has some of the valuable properties of diamond, including: high hardness, low friction, resistance to wear, chemical inertness, biological compatibility, electrical insulation, optical transparency, and smoothness.
Diamond-Like Carbon (DLC) coating is an amorphous, stable carbon layer that does not react to acids or alkaline. It is highly resistant against oxidation and corrosion. The high density and amorphous structure of DLC inhibit corrosive by-products from penetrating into tools. The chemically inert characteristics of diamond-like coatings dramatically reduce possibility of cold welding and material pickup on the surface of the tool.
Global Diamond-Like Carbon Coating Market- Key Players
The major manufacturers of diamond-like carbon coating include Oerlikon Balzers, IHI Group, CemeCon, Morgan Advanced Materials (Diamonex), Miba Group (Teer Coatings), Acree Technologies, IBC Coatings Technologies, Techmetals, Calico Coatings, Stararc Coating, Creating Nano Technologies. The market is dominated by Oerlikon Balzers, IHI Group, CemeCon, Morgan Advanced Materials and Miba Group (Teer Coatings). Merge and acquisition are frequent in the market, in 2019, the top 5 players take 65.19% of global market share. It is expected that the market concentration ratio would rise in the future as key players lile Oerlikon seek for expanding market presence.
Global Diamond-Like Carbon Coating Market: Application Analysis
In application, diamond-like carbon coating downstream is wide and recently diamond-like carbon coating has acquired increasing significance in various fields of automotive components, tooling components and others. Globally, the diamond-like carbon coating market is mainly driven by growing demand for automotive components which accounts for nearly56.91% of total downstream consumption of diamond-like carbon coating in global. The impact of COVID-19 on downstream industries, especially the automotive industry, has caused downstream demand to be affected for a period of time.
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