US Ceramic Coatings Market Size, Industry Growth, Future Prospects, Opportunities and Forecast 2019-2025


Posted January 27, 2020 by larebomrglobal

US ceramic coatings market is estimated to grow at a CAGR of around 6.5% during the forecast period.

 
US ceramic coatings market is estimated to grow at a CAGR of around 6.5% during the forecast period. Increasing investment in ceramic matrix composites is offering an opportunity for the growth of the market. For instance, in August 2018, General Electric declared that it is working on the development of ceramic matrix composites (CMCs) for its new LEAP gas turbine engine. The aircraft industry is anticipated to save $1 million per engine by using CMCs. GE Aviation considers CMCs to be critical material that meets the demand for gre ater fuel efficiency in aviation propulsion. Furthermore, Rolls-Royce of North America in October 2016, planned a $30 million expansion of its Research and Development capabilities in Southern California. The company will build a new research center in Cyprus, California for researching CMCs materials and production process. The goal of this expansion was the development of new products and technologies to manufacture jet-engine components.

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Further, the research team at New York University (NYU) has developed a 3D-printed ceramic implant in August 2018, that dissolves slowly and allows bones for growing in their place. The implants are capable of imitating the shape of the missing bone and are chemically coated for simulating the growth of the bone. The research team has developed this technology to focus on patients with non-healing bone defects. 3D printing is considered to be a promising technology as it allows the research team for producing patient-specific implants matching precise shape and size that are required to fill specific bone defects. These investment and researches will likely to promote its applications across aerospace and healthcare industry and thereby is expected to drive the growth of the market.

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Some crucial players operating in the market include 3M Co., AkzoNobel N.V., BASF SE, DuPont de Nemours, Inc. To survive in the market, these players are adopting crucial strategies, such as product launches, geographical expansion, and partnerships and collaborations. This enables the company to increase its competitiveness and attract significant share in the market. For instance, in June 2017, BASF SE invested $40 million in the production of automotive coatings in North America. This investment aims to add capacity to the manufacturing plants of the company in Greenville, Ohio, and Tultitlan, Mexico.


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US Ceramic Coatings Market Segmentation

ByTechnology

• Chemical Vapor Deposition
• Physical Vapor Deposition
• Electrophoretic Deposition
• Thermal Spray

By Coating Type

• Oxide Coating
• Carbide Coating
• Nitride Coating
• Others (Carbon
• Coating and Anti-microbial Coating)

By End-User

• Healthcare
• Industrial Goods
• Steel Industry
• Chemical Industry
• Aerospace &
• Defense
• Automobile & Transportation
• Others

Company Profiles
• 3M
• A&A Thermal Spray Coatings
• AkzoNobel N.V.
• Anderson Paint Company
• APS Materials, Inc.
• Aremco Products Inc.
• BASF SE
• Bell's Powder Coating
• Ceramic Pro
• DuPont de Nemours, Inc.

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Last Updated January 27, 2020