Increasing demand for wash proof coatings in automotive and aerospace industries along with the industrial growth is predicted to spur the high performance ceramic coatings market size expansion. Technological advancements in coatings based on plasma spray are predicted to expand the scope of the product applications in semiconductors and LCD panels used in different electronics during the forecast period.
Asia Pacific Region is Predicted to Lead the Market Over the Forecast Period
The Asia-Pacific region dominated the global high performance ceramic coatings market share in 2018. The soaring production and investments in the end-user industries like automotive, electronics, aerospace and defence, etc. are steering the demand for ceramic coatings in the region.
China is the industrial manufacturing hub and is the largest electronic and automotive and electronics producer in the world. The country supports both the domestic as well as international market demands. Therefore, with the rising demand for automobiles and electronic products across the world, there is an increase in the industrial throughput in China.
Countries like South Korea and India are experiencing a substantial rise in the demand for ceramic coatings. In South Korea and India, increased defence spending and increasing production and investments in the electronics industry are steering the demand for ceramic coatings. Besides this, countries like Thailand, Malaysia and Indonesia have been experiencing an increase in production and investment in the automotive industry, which is likely to increase the ceramic coating consumption in these nations. All these factors are projected to steer the demand for high performance ceramic coatings market in the region, over the forecast period.
Thermal sprayed ceramic coatings are primarily applied in defence and aerospace industry. Ceramic coatings are mainly preferred due to their properties like friction reduction and corrosion protection. They are used extensively as protective coatings to repair the old parts and protect the new aircraft components. Different aeroplane parts like rotors, engines and other mechanical parts require wear-resistant and hard coatings that can withstand high temperatures which is why ceramic coatings are used by the aerospace and defence industry.
Key market players include A&A Thermal Spray Coatings, Inc., APS Material, Inc., Aremco Products, Inc., A.W. Chesterton Company, Bodycote Plc., DuPont de Nemours, Inc., Integrated Global Services, Inc., Kurt J. Lesker Company, Linde plc, Saint Gobain S.A.
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Global High Performance Ceramic Coatings Market Segmentation:
By Product Type
• Oxide Coatings
• Nitride Coatings
• Carbide Coatings
• Thermal Spray
• Physical Vapour Deposition
• Chemical Vapour Deposition
• Other Technologies
By End User
• Aerospace & Defence
• General Industrial Tools & Machinery
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Purchase a Copy & Ask For Discount: https://www.futurewiseresearch.com/request-sample.aspx?id=3403&page=askfordiscountFutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global high performance ceramic coatings market by product type, by technology, by end user and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America, Asia Pacific, Europe, Latin America and Middle East & Africa
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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