Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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 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.
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.
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.
The report provides deep insights
into 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.
Please Choose One of them.