Ceramic Coating Market Size By Product Type, By Technology, By End-User Industry, By Geographic Scope And Forecast


Posted July 8, 2021 by jennysmith22119

CeramicCoating Market size was valued at USD 8 Billion in 2020 and is projected toreach USD 13.99 Billion by 2028.

 
CeramicCoating Market Size And Forecast
CeramicCoating Market size was valued at USD 8 Billion in 2020 and is projected toreach USD 13.99 Billion by 2028, growing at a CAGR of 7.2% from 2021 to2028.

Theincrease in the demand from the health care industry for developing instrumentslife is one of the significant factors that is anticipated to drive the growthof the market. It is essentially used in the aerospace and automotive industryowing to its excellent properties. The expanding automotive industry coupledwith the increasing disposable income of an individual in developing countriesis expected to fuel the growth of the market over the forecast period. TheGlobal Ceramic Coating Market report provides a holistic evaluation of themarket. The report offers a comprehensive analysis of key segments, trends,drivers, restraints, competitive landscape, and factors that are playing a substantialrole in the market.

GlobalCeramic Coating Market Definition
Ceramiccoating is a thin layer on the surface of any device for magnifying the glossand preserving the surface cleaner longer. When the coating is stamped on thesurface of an object, the polymer creates a chemical bond with the paint.Ceramic coatings give several benefits such as increasing the lifetime ofcomponents, decreasing heat on high-temperature components, inhibitingcorrosion, overcoming friction and enhancing the appearance of surfaces. It isemployed by formulating various technologies such as physical vapor deposition(PVD), thermal spray chemical vapor deposition (CVD), laser-assisted, sol-gel,dipping, micro-oxidation, ionic beam surface treatment, and packed diffusion techniques.

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Additionally,it grants superior characteristics including heat resistance, anti-corrosion,and weathering efficiency, spurring the Ceramic Coating Market demand inseveral industries. The aerospace & defense industry is displaying a trendof growing consumption of oxide and carbide coatings. These coats are usedparticularly in insulating tiles, for space shuttles, rocket exhaust cones,engine components, and are inserted into the windshield glass of manyairplanes. Ceramic coating also finds extensive applications in energy,healthcare, transportation, industrial tools & machinery, defense industry.

GlobalCeramic Coating Market Overview
Thegrowing penetration of ceramic coatings in developing economies, especiallyChina, India, and Indonesia are expected to boost the overall Ceramic CoatingMarket growth. The surging automotive production in these nations is drivingthe consumption of ceramic coatings in transportations. The automotive andaerospace & defence manufacturers are significant end-use industries accountablefor the growth of the global Ceramic Coating Market. The expanding number ofadvancements and new product development is assumed to result in strong growthof the global Ceramic Coating Market in the forecast years.

Moreover,the product, owing to its superior abrasion and anti-corrosion qualities findsextensive applications in the steel sector, which comprises refractorychimneys, bearings, pumps, and bricks, further stimulating the adoption ofceramic coatings in this sector. Furthermore, oxide coatings are profoundlyutilized coatings owing to their features such as corrosion protection, wearresistance, shock resistance, and hardness. These factors have positivelyanticipated in propelling the growth of the global Ceramic Coating Market.

Thereare certain constraints and barriers endured that will limit the overall marketgrowth. The factors such as the high cost of the product hamper the industrygrowth. Additionally, declined growth in the automotive industry due to theCOVID-19 pandemic is estimated to inhibit the growth during the forecastperiod. Further, the huge total cost of ownership and developing cheapersubstitutes are also the potential restraints hampering the overall growth ofthe global Ceramic Coating Market. Nevertheless, the improvements intechnologies and untapped potential in developing markets offer promisinggrowth opportunities.

GlobalCeramic Coating Market: Segmentation Analysis
TheGlobal Ceramic Coating Market is Segmented on the basis of Product Type,Technology, End-User Industry And Geography.

CeramicCoating Market, By Product Type
•Oxide Coating
• Carbide Coating
• Nitride Coating

Basedon Product Type, the market is bifurcated into Oxide coatings, Carbidecoatings, Nitride coatings. The oxide coating segment holds the largest marketshare and is estimated to witness the highest CAGR during the forecast period.The factors that can be attributed to excellent thermal or electricalinsulation, wear resistance, and corrosion resistance and increasing usage ofthese coatings in the oil & gas and automotive sector are driving thedemand for this segment.

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CeramicCoating Market, By Technology
•Thermal Spray
• Physical Vapor Deposition
• Chemical Vapor Deposition
• Other Technologies

Basedon Technology, the market is bifurcated into Thermal spray, Physical vapordeposition, Chemical vapor deposition, Others. The thermal spray segment holdsthe largest market share during the forecast period. The factors that can beattributed as it has high density and can be used in every materialcomposition. The usage of ceramic through thermal spray technology is mainlyfor thermal barriers, dielectric strength, sliding wear, and corrosionprotection are fueling the demand for this segment.

CeramicCoating Market, By End-User Industry
•Automotive
• Aerospace & Defense
• General Industrial Tools & Machinery
• Healthcare
• Others

Basedon End-User Industry, the market is bifurcated into Automotive, Aerospace &Defense, General Industrial Tools & Machinery, Healthcare, Others. Theautomotive segment holds the largest market share during the forecast period.The factors that can be attributed to the growing product adoption in theautomotive industry. Ceramic coatings are widely used in the exterior andinterior surfaces of vehicles enhance the demand for this segment.

CeramicCoating Market, By Geography
•North America
• Europe
• Asia Pacific
• Rest of the world

Onthe basis of Geography, the Global Ceramic Coating Market is classified intoNorth America, Europe, Asia Pacific, and the Rest of the world. Asia-Pacificholds the largest market share. The increasing automotive production,especially in India, rising consumption of ceramic coatings in industrialgoods, rising product adoption in the steel industry, and ongoing projects willboost the market in the APAC region.

KeyPlayers
The“Global Ceramic Coating Market” study report will provide a valuable insightwith an emphasis on the global market including some of the major players suchas APS Material,Inc, Praxair Surface Technologies, Inc., Aremco Products, Inc, Ceramic PolymerGmbH, Saint Gobain SA, Linde plc and DuPont de Nemours, Inc.

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Last Updated July 8, 2021