The ‘Global Ceramic Coatings Market Size, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the ceramic coatings market, assessing the market on the basis of its segments like type, technology, end uses and major regions.
Ceramic Coatings Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 9.69 billion
• Forecast CAGR (2023-2028): 6.80%
|Market Size in 2022||USD 9.69 billion|
|Growth Rate CAGR||6.80%|
|Major Players||Praxair Surface Technologies, Inc., A&A Thermal Spray Coatings,
Morgan Advanced Materials PLC, Aremco and Ceramic Pro LLC
Asia-Pacific region dominates the ceramic coatings market. The enormous consumption from developing nations like China, India, and Japan can be used to describe the local demand. Increased production of engineering components in the area is expected to drive regional demand throughout the projected period.
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China, a top producer of ceramic coatings, meets the majority of regional demand. Increased auto production, particularly in China and India, is a significant driver of market expansion. With the help of development and greater road connectivity, rapid industrialization has increased commercial road transport facilities in China, India, Indonesia, and Thailand.
Other than Asia, Europe and North America also hold a significant share in the ceramic coatings market. Sectors such as automobile and aerospace have aided the regions to achieve high levels of consumption of ceramic coatings.
Ceramic Coatings Industry Definition and Major Segments
Ceramic coating is an inorganic material used in high-temperature applications. Silica, titania, silicon carbide, alumina, alumina-magnesia, hafnia, and silicon nitride are some of the most common materials used in this object. Factors such as increased heat resistance, anti-erosion, and long-term productivity may boost the ceramic coating market size.
The ceramic coatings market can be segmented on the basis of type, technology, end-uses and major regions
Based on type, the market can be divided into:
Based on technology, the market can be segmented into:
• Thermal Spray
• Physical Vapour Deposition
• Chemical Vapour Deposition
• Atmospheric Outer Spray
Based on end-uses, the market can be divided into:
• Aerospace and Defence
• Energy and Power
Based on region, the market can be bifurcated into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
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Ceramic Coatings Market Trends
The growing acceptance of ceramic coatings in solar energy and wind turbine technology and their increasing demand in the healthcare sector are some factors driving the growth of the ceramic coatings industry. These coatings are known to increase the stability of medical implants, their link to surrounding tissue, and the therapeutic compounds they contain, as a result of which the healthcare sector will likely increase the coatings demand in the future. Mining, oil, and gas industries are ideal applications for ceramic coatings.
Alongside, the demand for plasma spray ceramic coatings in the electronics industry and the rise in nanotechnology ceramic coating is anticipated to drive the market growth. Factors that are increasing the demand for ceramic coatings include fuel efficiency, lightweight, longer endurance, and tolerance of high temperatures. As a result, the demand for ceramic coatings for use in vehicles is increasing. Growing consumer disposable income and rising awareness about the safety of commercial and passenger cars on the road is also expected to fuel market expansion. Oxide and carbide coatings are becoming more popular in the aerospace and defence sectors.
These coatings are used in engine parts, space shuttles, rocket exhaust cones, insulating tiles, and windshield glass, among other things. Additionally, increased product usage for components like chimneys, bearings, and refractory pumps in the steel industry is anticipated to fuel market growth over the course of the projection period.
Key Market Players
The major players in the Global Ceramic Coatings Market are :
- Praxair Surface Technologies, Inc.
- A&A Thermal Spray Coatings
- Morgan Advanced Materials PLC
- Ceramic Pro LLC
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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