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Ceramic Coating Market (Type - Carbide, Nitride, Oxide, and Others; Technology - Thermal Spray, Physical Vapor Deposition, Chemical Vapor Deposition, Atmospheric Outer Spray, and Others; End-user Industry - Aerospace and Defense, Transportation, Healthcare, Energy and Power, Industrial, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

  • Published : June, 2022

  • Rep Id : CM071

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on the 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 global ceramic coating market. According to the report, the global ceramic coating market is projected to grow at a CAGR of around 7% over the forecast period of 2022-2028.

 

Market Insight

The global ceramic coating market was valued at about USD 9 Billion in 2022 and is expected to reach nearly USD 14 Billion in 2028, with a CAGR of around 7% during the forecast period. 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 of medical devices are other driving factors 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 the vehicle's interior and exterior from damage and increases the life of cars. The 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.

 

The outbreak of COVID-19 brought a negative impact on the ceramic coating market share because of the imposition of lockdown. The lockdown hampered the progress of the market because of the temporary shutdown of several manufacturing units. The Coating industry is observed as a prominently hit industry within the world and faced serious disruptions in terms of the supply chain, distribution cancellations, and closures of companies as a result of the pandemic. The Lockdown situation in major Coating manufacturing countries affected the supply chain of the raw material. Because the situation was becoming more critical the demand for the coating products was decreased because of the interruption in the supply of raw materials the growth of the market was restrained during the forecast period.

 

Based on the region, the worldwide ceramic coating market is segmented into the Asia Pacific, North America, Europe, and the Middle East & Africa. Among the regions, North America holds the biggest share of the global ceramic coating market. Increased product use in the steel industry for components in North America such as chimneys, refractory pumps, and bearings is likely to drive market growth. Moreover, the growing European aerospace industry, especially in countries including Germany, France, and Russia, is anticipated to enhance the ceramic coating market sales in the region. Furthermore, Asia Pacific is expected to dominate the market because of the increasing automobile production, in India and China during the forecast period.

 

Segment Covered

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 others. On the basis of technology, the sub-markets include thermal spray, physical vapor deposition, chemical vapor deposition, atmospheric outer spray, and others. On the basis of end-user industry, the sub-markets include aerospace and defense, transportation, healthcare, energy and power, industrial, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as E.I. Du Pont De Nemours & Company, Praxair Surface Technologies Inc., Kurt J. Lesker Company Ltd., Bodycote PLC, APS Materials Inc., Aremco Products Inc., Saint Gobain S.A., Cetek Ceramic Technologies Ltd., Keronite Group Limited, and Morgan Technical Ceramics.

 

Report Highlights:

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 2022-2028. 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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