Soaring Demand for High Performance Ceramic Coatings Market Supported by Technological Boost during Stated Forecast Period until 2026
September 20, 2019 by Jason Lee
The global high performance ceramic coatings market was valued at $7,844.0 million in 2018 and is projected to reach $12,633.3 million by 2026, growing at a CAGR of 6.2% from 2019 to 2026. High performance ceramic coatings are inorganic materials which are treated and used at high temperatures. These coatings are applied on automotive engine components, which increases the fuel efficiency. Its physical properties such as resistance to high temperature protects the components from oxidation. Rapid growth of automotive sector, increase in expenditure power, and higher demand for automobiles from consumers are expected to drive the growth of the high performance ceramic coatings market.
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However, factors such as high cost of production is likely to hamper the growth of the global high performance ceramic coatings market. Nevertheless, ongoing development in plasma sprayed coating practices are anticipated to offer lucrative growth opportunities in the near future.
The high performance ceramic coatings market is segmented based on product type, technology, end use industry, and region. Depending on product type, the market is classified into oxide coating, carbide coating and nitride coating. By technology, it is fragmented into thermal spray, physical vapor deposition, chemical vapor deposition, and other technologies. As per end use industry, it is segregated into automotive, aerospace & defense, energy & power, healthcare, and others. The high performance ceramic coatings market is segmented based on region including North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Thailand, and rest of Asia-Pacific), and LAMEA (Brazil, Turkey, Saudi Arabia, and rest of LAMEA).
The major key players operating in the high performance ceramic coatings industry include Akzo Saint-Gobain, Aremco Products, Inc., Ceramic Polymer GmbH, Praxair Surface Technologies, Inc., DowDuPont, Cetek Ceramic Technologies Ltd., APS Materials Inc., Bodycote Plc, A&A Coatings, Kurt J. Lesker Company Ltd. Other players operating in this market include Fosbel, Keronite Group, Oerlikon Metco, and Swain Tech Coatings. These major key players are adopting different strategies such as acquisition, business expansion, and collaboration to stay competitive in the global market.
KEY BENEFITS FOR STAKEHOLDERS
• Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
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KEY MARKET SEGMENTS
• By Product Type
ü Oxide Coating
• By Technology
ü Thermal Spray
• By End Use Industry
• By Region
ü North America
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