Global High Performance Ceramic Coatings Market Poised to Value Over USD 12 Billion by 2026 End

  • 16 Sep 2019

Global High Performance Ceramic Coatings Market is estimated to value over USD 12 billion by 2026 end and register a CAGR of over 6% during the forecast period 2019 to 2026

 

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 automotive and electronics producer in the world. The country supports both the domestic as well as international market demands. Therefore, with the mounting demand for automobiles and electronic products across the world, there is an increase in the demand for high performance ceramic coatings in this region. 

 

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. 

 

Furthermore, countries such as 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.

 

Regionally, North America is predicted to lead the global high performance ceramic coatings market owing to an increase in expenditure on aerospace and defense equipment. The United States government initiated the National Space Policy for encouraging investment both in the civilian and military space programs. Before-mentioned policies are predicted to further reinforce North America’s global high performance ceramic coatings market position. The growth of energy and automotive industries in India, Saudi Arabia, Japan, Mexico and China will stimulate the expansion of the market during the forecast period. Moreover, the market growth in the aforementioned regions is bolstered by increasing demand for highly durable coating materials in electronics and electrical industries in upcoming years.

 

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.

 

Global High Performance Ceramic Coatings Market Segmentation:

By Product Type

  • Oxide Coatings
  • Nitride Coatings
  • Carbide Coatings

 

By Technology

  • Thermal Spray
  • Physical Vapour Deposition
  • Chemical Vapour Deposition
  • Other Technologies

 

By End User

  • Automotive
  • Aerospace & Defence
  • General Industrial Tools & Machinery
  • Healthcare
  • Others

 

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

 

FutureWise 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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