Ceramic Coating Market Size, Share, Trends, Growth and Forecast Analysis Report Application 2023
Market Scenario:
The Global Ceramic Coating Market is predicted to garner USD 18.136 billion grabbing a CAGR of 7.6% during the forecast period (2016-2023) owing to the augmenting demand from automotive industry, asserts Market Research Future (MRFR). Ceramic Coatings are referred to as the organic materials which are processed and used at a high temperature. They are generally silica, alumina, silicon nitride, silicon carbide, and others-based compositions. Ceramic Coatings are extensively used in the automotive and aerospace & defense industry. Ceramic Coatings are generally non-metallic in nature and are made of inorganic materials. Such coatings are applied on metal surfaces in order to protect it from wear & tear and corrosion as they possess a high degree of abrasion resistance and exceptional insulation attributes.
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Driver and Constraints Impacting the Market:
The Global Ceramic Coating Market is estimated to expand at a rapid pace; automotive and aerospace & defense being one of the major factors. The aerospace and defense industry is showcasing a trend of growing consumption of carbide and oxide coatings. Such coats are used in insulating tiles, rocket exhaust cones, engine components, space shuttles, and are embedded into the windshield glass of airplanes. Ceramic Coatings also find ample application in the automotive sector. They are extensively used on exhaust components in order to decrease the temperature. Owing to their low heat absorption, they are suitable to be used on heaters in order to keep the under-the-hood temperature low and also keep the engine bay safer and cooler. Ceramic coatings also help to reduce wear, reduces the friction when coated on the engine parts like rings & valves, piston tops, rods, etc., and minimizes the operating temperature. Moreover, the accelerating environment-related mandates associated with vehicle emissions, automobile manufacturers are shifting towards using Ceramic Coatings. Such factors are estimated to propel the market growth in the coming years. Additionally, with the augmenting demand for ceramic coated products in the healthcare sector coupled with the growing adoption in wind turbine technology and solar energy, the market is considered to grow.
On the flip side, the high capital needed for the development and manufacturing coupled with the huge cost of high-performance ceramic coating is some of the major concerns likely to dampen the market growth throughout the appraisal period. Despite such hiccups, the growing demand for plasma spray ceramic coatings in the electronics industry coupled with the increasing interest in the nanotechnology ceramic coating is anticipated to foster the market growth.
Global Ceramic Coating Market: Segmental Analysis
The Global Ceramic Coating Market has been segmented on the basis of Type and End-User.
By Mode of Type, the Global Ceramic Coating Market has been segmented into silica, alumina, silicon carbide, alumina-magnesia, silicon nitride, and others.
By Mode of End-User, the Global Ceramic Coating Market has been segmented into oil and gas exploration, automotive, steel industry, aerospace & defense, textile industry, chemical industry, plastics industry, and others. Among these, the aerospace & defense sector is considered to occupy the largest share. Aerospace is considered the largest application for thermal sprayed Ceramic Coatings. Airplane components such as rotors, engines, and other mechanical parts need wear resistant coatings which can withstand extreme temperatures. Thereby, the use of Ceramic Coatings has fueled in this segment.
Regional Insights:
Geographically, the Ceramic Coating Market span across regions namely, Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa.
Among all the regions, the Asia Pacific region is considered to occupy the largest market share owing to the augmenting demand in applications like oil & gas exploration, automotive, and textile industry especially in China followed by India, Saudi Arabia, Brazil, Japan, and Mexico. Moreover, with technological advancements in this region, the market will certainly flourish in the coming years. Also, the escalating growth of the healthcare and automotive industries are likely to foster the market in this region.
The North American region is predicted to be the second-largest region in the global market owing to the automotive, aerospace & defense, and oil & gas exploration in this region. Moreover, due to the presence of regions such as U.S.A., Mexico, and Canada, the market in this region is likely to propel.
Industry Updates:
BAF Industries have recently announced the launch of Pro Synergy Ceramic Coatings. The manufacturers of Pro Product Line for professional car care industry, the company has introduced the addition of Synergy Ceramic Coatings to its lineup of premium-quality products.
Competitive Dashboard:
The prominent players operating the Global Ceramic Coating Market are Oerlikon Surface Solutions AG (Switzerland), Ceramic Polymer GmbH (Germany), E.I. Du Pont De Nemours & Company (US), Bodycote PLC (US), Aremco Products Inc. (US), MBI Coatings (US), APS Materials Inc. (US), Saint-Gobain Coating Solutions (Europe), Akzo Nobel Chemicals Company (Europe), Praxair Surface Technologies Inc. (US), and others.
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