A recent report published by Infinium Global Research on ceramic coating market provides in-depth analysis of segments and sub-segments in the global as well as regional ceramic coating market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional ceramic coating market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global ceramic coating market. According to the report, the global ceramic coating market is projected to grow at a CAGR of 7.3% over the forecast period of 2019-2025.
Ceramic coating possesses a very high degree of abrasion resistance and exceptional insulation property. These coatings are normally applied on the metal surface to protect from rust and wear & tear. It also has a high potential to maintain integrity in very high temperatures. A large number of new product development and expansions enhance the strong growth of the ceramic coating market in the future. It is used in various industries such as automotive, oil and gas exploration, aerospace & defense, steel industry, chemical industry, textile industry, plastics industry, etc. Various technologies are formulated to apply a ceramic coating that is physical vapor deposition (PVD), thermal spray chemical vapor deposition (CVD), dipping, sol-gel, micro-oxidation, packed diffusion, ionic beam surface treatment, and laser-assisted techniques.
Plasma sprayed coating in semiconductors & electronics equipment is the major driving factor for the ceramic coating market. Furthermore, factors such as increasing demand from the automotive industry, rising aerospace thermal applications, and increasing usage in medical devices are other driving factor for the market. The demand for ceramic coating is growing due to its properties such as corrosion resistance, friction, thermal protection, and wear & tear. It also protects vehicles interior and exterior from damage and increases the life of cars. Ceramic coating layer protects the vehicle’s paint from UV rays, thereby reducing oxidization. However, the requirement of high cost is restraining the growth of the market. Moreover, new technology developments and emerging markets are expected to provide growth opportunities to the market players.
Geographically, Asia-Pacific dominates the global ceramic coating market owing to increasing demand from various end-use industries such as automotive, oil & gas exploration, and the textile industry in the countries like China, Japan, and India. North America is the second-largest market for ceramic coating due to aerospace & defense, automotive and oil and gas exploration industries.
The report on global ceramic coating market covers segments such as type, technology, and end-user industry. On the basis of type, the sub-markets include carbide, nitride, oxide, and other types. On the basis of technology, the sub-markets include thermal spray, physical vapor deposition, chemical vapor deposition, atmospheric outer spray, and other technologies. On the basis of end-user industry, the sub-markets include aerospace and defense, transportation, healthcare, energy and power, industrial, and other end-user industries.
The report provides profiles of the companies in the market such as Praxair Surface Technologies Inc., Kurt J. Lesker Company Ltd., Bodycote PLC, APS Materials Inc., E.I. Du Pont De Nemours & Company, Aremco Products Inc., Saint Gobain S.A., Cetek Ceramic Technologies Ltd., Keronite Group Limited, Morgan Technical Ceramics, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of ceramic coating market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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