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Global High-Performance Ceramic Coatings Market is Estimated to Account for US$ 14,536.7 Mn by End of 2027, Says Coherent Market Insights (CMI)

11/27/2020 | 09:33am EST

High-performance ceramics coatings are thin coat of ceramic that provides enhanced protection against corrosion, wear, and temperature fluctuations. They are an entirely new class of advanced ceramics and helps in improving physical and mechanical properties. Ceramic coated metals such as steel and iron have long served as effective protective coverings for various industries but only recently have scientists and technicians found out the amazing benefits of incorporating them into manufacturing processes. The ability to produce metals with high levels of toughness and durability in an environment that is both safe and secure is what makes ceramic coating one of the most promising and rapidly developing fields in the industrial field.

The global high-performance ceramic coatings market accounted for US$ 8,463.2 Mn in terms of value and 1,483.9 Kilo Tons in terms of volume in 2019.

Market Drivers:

Increasing demand for wash proof coatings across the aerospace and defense industry is a prime factor fueling the market growth of high-performance ceramic coatings. Also, these coatings are gaining huge demand across the automotive industry. These coatings are highly durable, enhance the aesthetic appeal, and increase the shelf-life of the component. Thus, the rise in aerospace and automotive industry across the developing region is propelling the market growth of high-performance ceramic coatings.

Advancements in the sprayed coating practices are projected to augment the market growth of high-performance ceramic coatings. The growing application of coatings across LCD panels and semiconductors is also expected to foster market growth. Moreover, the growing usage of high-performance coatings in the advanced metal and oil & gas industry is again projected to propel the market growth. All these factors are projected to augment market growth over the forecast period.

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Market Opportunities:

Increasing use of thermal spray coating as it helps to increase the shelf-life of the component is projected to bring new market opportunities over the forecast period. These coatings are majorly used across the oil & gas industry and in the metal industry. Also, expansion of the semiconductor industry due to the increasing use of various electronic products is further anticipated to augment the market growth of high-performance ceramic coatings over the forecast timeframe.

Growing demand for nitride, based ceramic coatings from the electronic & electrical industry is projected to offer profitable market opportunities. Also, increasing demand for ceramic coatings from energy and healthcare industries is contributing to market growth. Moreover, plasma-sprayed hydroxyapatite coatings are widely used in dental surgeries. This product is majorly used in dental implants as it offers better bone apposition over conventional implants.

Market Trends:

Increasing expenditure on the defense sector by the U.S. government has significantly boosted the demand for high-performance ceramic coatings. According to the Stockholm International Peace Research Institute, US military spending grew by 5.3 percent to $732 billion. With a military expenditure of $732 billion, the USA remained by far the largest spender in the world in 2019, accounting for 38 percent of global military spending.

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Competitive Landscape:

1. A & A Company, Inc.
2. APS Materials, Inc.
3. Aremco Products, Inc
4. Bodycote Plc
5. Ceramic Polymer GmbH
6. Oerlikon Metco
7. Praxair Surface Technologies Inc.
8. Saint-Gobain S.A.
9. Swain Tech Coatings, Inc.
10. Zircotec Ltd.

Market segmentation:

  • Global high-performance ceramic coating Market, By Technology:
    • Thermal Spray Coating
    • Physical Vapor Deposition (PVD)
    • Chemical Vapor Deposition (CVD)
    • Others
  • Global high-performance ceramic coating Market, By End-User:
    • Automotive
    • Aviation
    • Chemical Equipment
    • Medical and Healthcare
    • Others
  • Global high-performance ceramic coating market, By Region:
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • ASEAN
      • Australia
      • South Korea
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • Middle East
      • Africa

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having a sales office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.

© Business Wire 2020
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