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  • Ceramic Coating Market Growth Analysis | 2023-2028

    Ceramic Coating Market Growth Analysis | 2023-2028

    Ceramic Coating Market Growth Analysis | 2023-2028
    Report code - SR1199 Delivery - 2 Weeks
    Ceramic Coating Market Size, Share, Trends, Forecast, & Growth Analysis – 2023-2 See more...

    Market Insights

    The ceramic coating market was estimated at USD 10.92 billion in 2022 and is likely to grow at a CAGR of 7.70% during 2023-2028 to reach USD 17.12 billion in 2028.

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    What is the ceramic coating?

    Ceramic coating is an inorganic substance that is commonly produced and utilized in high-temperature environments. Silica, silicon carbide, alumina, alumina-magnesia, titania, hafnia, and silicon nitride compositions make up the majority of this product.

    Ceramic Coating Market Report Highlights

    Market Size in 2022

    USD 10.92 billion

    Market Size in 2028

    USD 17.12 billion

    Market Growth (2023-2028)

    7.70% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Market Dynamics

    These factors are expected to boost the demand for the market in the coming year-

    • Major factors such as a surge in the production of passenger and commercial vehicles, and increasing preference towards aesthetically pleasing and technologically-modern automotive lights accompanied the growing demand from OEMs as well as aftermarket distributors.
    • In addition, the rise in the disposable income of consumers along with growing road safety concerns related to passenger and commercial vehicles.

    Restraint:

    Higher costs of Ceramic Coatings May Hinder the Market Demand. Ceramic coatings, which are semi-permanent and hard, are more scratch-prone due to their hyper-dense configurations and high-pressure levels. These factors may hinder market growth during the forecast period. Non-stick coatings, used to prevent scratches or damage to cookware, contain polytetrafluoroethylene (PTFE) and perfluorooctanoic acid (PFOA), which is considered "probably human carcinogenic" by the IARC, further restraining the market.

    Opportunities:

    • Expansion of Automotive Industry: Ceramic coatings are driving the automotive industry, offering protection against corrosion, UV rays, and harsh weather conditions and attracting demand for high-performance, aesthetically appealing vehicles.
    • Surge in Demand for Industrial Applications: Advanced ceramic coatings are gaining popularity in industries like aerospace, oil and gas, and machinery due to their ability to enhance equipment durability and performance.
    • Rising Electronics Market: Ceramic coatings, with their superior thermal and electrical insulation properties, are increasingly sought after due to their potential to enhance the lifespan and performance of electronic components.
    • Growing Renewable Energy Sector: Ceramic coatings offer a promising solution for the renewable energy industry, providing durability and weather-resistant protection for solar panels and wind turbines.
    • Advancements in Nanotechnology: Nanotechnology advancements have revolutionized ceramic coatings, enhancing hardness, adhesion, and resistance to wear and corrosion, presenting new possibilities and applications for ceramic coatings.

    Challenges:

    • Higher Production Costs: Ceramic coatings' complex manufacturing process and high production costs, particularly in price-sensitive markets, may hinder widespread adoption due to their high production costs.
    • Lack of Awareness and Education: The widespread acceptance and adoption of ceramic coatings require a comprehensive market education on their benefits and applications.
    • Environmental Challenges: The industry may face challenges in meeting stricter environmental regulations and adopting sustainable practices in the use of environmentally sensitive materials in ceramic coatings.
    • Alternative Technologies Competition: Ceramic coatings must innovate to stay competitive in the market, as polymer-based coatings offer similar protective properties at lower costs.
    • Tricky Application Process: Ceramic coating applications often require specialized equipment and skilled technicians, which can be challenging for end-users without the necessary expertise or resources.

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    Key Players

    Some of the key players in the market are-

    • Du Pont De Nemours & Company
    • APS Materials, Inc.
    • Cetek Ceramic Technologies Ltd.
    • Praxair Surface Technologies, Inc.
    • Bodycote PLC
    • Nasiol Nano Coatings
    • Aremco Products, Inc.
    • Ultramet
    • Keronite Group
    • E.I. Morgan Technical Ceramics
    • Kurt J. Lesker Co.
    • Saint-Gobain S. A.

    Segments Analysis

    By Type

    The ceramic coating market is segmented as oxide coating, carbide coating, nitride coating, and others. Oxide coating shares more than 55% of the market in 2022 and is expected to witness a significant growth rate in the market during the assessment period. Oxide coatings offer exceptional thermal or electrical insulation, wear resistance, and corrosion resistance. And, also carbide coating segment grows at a CAGR of 7.5% during the assessment period.

    The increasing usage of these coatings in the automotive and oil & gas sectors is expected to propel the market demand. On the other hand, the carbide coating segment is estimated to depict significant growth on account of increasing applications of these coatings in the oil & gas industry. Carbide coatings are extensively used in oil & gas exploration to reduce exploration costs.

    By Technology Type

    The ceramic coating market is segmented as thermal spray, physical vapor deposition [PVD], chemical vapor deposition [CVD], and others. Thermal spray holds more than 70% market share in 2022 and commands the market during the forecast period, as it can be used in every material composition since it has high density.

    The usage of ceramic through thermal spray technology is majorly for thermal barriers, sliding wear, dielectric strength, and corrosion protection. Furthermore, physical vapor deposition (PVD) is estimated to grow significantly on account of its cheaper cost and excellent thermal efficiency.

    By Application Type

    The market is segmented as transportation & automotive, energy, aerospace & defense, industrial goods, healthcare, and others. The transportation & automotive segment is estimated to witness a significant growth rate on account of the growing product adoption in the automotive industry. Ceramic coatings are extensively used in the exterior and interior surfaces of vehicles.

    Furthermore, the surging automotive production, especially in Asia-Pacific and Europe, is the major factor influencing the market. Ceramic coating is also employed in engine parts to improve heat shielding, reduce friction, and increase the wear resistance of automobiles. Besides, it is widely used on car exteriors for protection against UV radiation.

    Regional Insights

    Asia-Pacific dominated the global market in 2022 and is expected to maintain its indomitable lead during the assessment period as well. The region’s growth is owing to the increasing automotive production, especially in India and China, and the rising consumption of ceramic coatings in industrial goods.

    Furthermore, the growing product adoption in the steel industry for components, such as chimneys, bearings, and refractory pumps is likely to drive the overall market growth over the assessment period.

    Ceramic-Coating-Market-Regional-Insights

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    Critical Questions Answered in the Report

    • What are the key trends in the global market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The ceramic coating market is segmented into the following categories.

    By Type

    • Oxide Coating
    • Carbide Coating
    • Nitride Coating
    • Others

    By Technology Type

    • Thermal Spray
    • Physical Vapor Deposition (PVD)
    • Chemical Vapor Deposition (CVD)
    • Others

    By Application Type

    • Transportation & Automotive
    • Energy
    • Aerospace & Defense
    • Industrial Goods
    • Healthcare
    • Others

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Ceramic-Coating-Market-Segmentation

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    Research Methodology

    For calculating the market size, our analysts follow either a Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

    We leverage the multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentations, white papers, and articles to gather the data.

    More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Report Features

    This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the global ceramic coating market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Ceramic Coating Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Customization Option

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Segmentation

    • Current segmentation by any one of the technology types by application type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    Ceramic coating is an inorganic substance that is commonly produced and utilized in high-temperature environments. Silica, silicon carbide, alumina, alumina-magnesia, titania, hafnia, and silicon nitride compositions make up the majority of this product.

    The ceramic coating market was estimated at USD 10.92 billion in 2022.

    The ceramic coating market is likely to reach USD 17.12 billion in 2028.

    The ceramic coating market is likely to grow at a CAGR of 7.70% during 2023-2028.

    Asia-Pacific is expected to dominate the market during the assessment period.

    Du Pont De Nemours & Company, APS Materials, Inc., Cetek Ceramic Technologies Ltd., Praxair Surface Technologies, Inc., Bodycote PLC, Nasiol Nano Coatings, Aremco Products, Inc., Ultramet, Keronite Group, E.I. Morgan Technical Ceramics, Kurt J. Lesker Co., and Saint-Gobain S. A. are the key companies in the market.

    The thermal spray segment has the largest share of the market during the estimated time.

    Major factors such as surge in production of passenger and commercial vehicles, increasing preference towards aesthetically-pleasing and technologically-modern automotive lights accompanied with the growing demand from OEMs as well as aftermarket distributors is expected to drive the growth of the market.

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