Ceramic Coatings Market Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Posted May 28, 2021 by paulmathew

The global ceramic coatings industry held USD 9.28 billion in 2020 and is expected to grow at a CAGR of 7.0% from 2020-2030.
The global ceramic coatings industry held USD 9.28 billion in 2020 and is expected to grow at a CAGR of 7.0% from 2020-2030. Ceramic coatings are typically non-metallic and composed of inorganic material. They possess a very high degree of abrasion resistance and outstanding properties for insulation. In general, these coatings are added to the metal surface to protect against corrosion and wear & tear. In very high temperatures they do have high potential for preserving honesty. In the near future, the global demand for ceramic coatings market is expected to rise due to ceramic properties such as corrosion resistance, friction, thermal safety and wear & tear.

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These coatings are commonly used in the industry of automotive, oil, healthcare, aerospace and defense. That is expected to open up new opportunities for the ceramic coatings market growth in the future. Ceramic coatings are commonly used in semiconductor coating, ceramic plasma-sprayed coating, and flat panel display (FPD) equipment, which can drive the global demand for ceramic coatings market. Ceramic plasma-sprayed coatings are used for the most part in semiconductor applications. Plasma-sprayed ceramic coatings lighten the equipment and give a high resistance to erosion. It also increases the reliability of chamber walls for the equipment contributing to the overall ceramic coatings market share.

Ceramic coatings facilitate greater heat resistance combined with less ozone pollution. These factors over the forecast period are likely to increase ceramic coatings market growth. In addition, these products are increasingly finding applications on metal parts in vehicles owing to their ideal abrasion and corrosion resistance properties as well as being an excellent thermal barrier. The aerospace & defense sector is showing a trend towards rising oxide and carbide coatings use. Such coats are used primarily for space shuttles, engine parts, in rocket exhaust cones, insulating tiles, and are used in the windshield glass of many aircraft. However, there is an increased use of these coats in energy, healthcare, pharmaceutical and various niche applications according to current trend increasing the ceramic coatings market share.

Based on technology, the ceramic coatings industry is segmented into thermal spray, CVD, PVD and others. On the type, the ceramic coatings industry is classified into carbide coatings, oxide coatings, nitride coatings and others. Furthermore, the ceramic coatings market is divided into energy, transportation & automotive, industrial goods, aerospace & defense, healthcare and others on the basis of application. Geographic breakdown of ceramic coatings industry includes regions comprising North America, Europe, Asia-Pacific, and Rest of the world.

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Asia Pacific held the largest market share in the global ceramic coatings industry because of high ceramic coatings consumption. Moreover, escalating growth in the healthcare and automotive sectors may drive the overall global ceramic coatings market in the forecasted period. However, higher investment by major players in developing economies to expand and develop the ceramic coatings market size, it is also expected to drive future global ceramic coatings market growth. China is Asia Pacific's leading region, consuming ceramic coatings in various industries, including biomedical, defense, aerospace and among other industries. Constant demand is observed from North America's power generation, defense, and aerospace industries for ceramic coatings, projected to increase future global ceramic coatings market growth.

The major players of global ceramic coatings market include, Keronite Group Ltd, Praxair Surface Technologies, Bodycote and Ultramet among others.
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Tags ceramic coatings market
Last Updated May 28, 2021