Ceramic Coating Market Analysis | 2023-2028

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".

Want to know more about the market scope? Click Here. 

Market Dynamics

Introduction

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.

Market Drivers

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.

Segments Analysis

By Type

"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".

• The ceramic coating market is segmented as oxide coating, carbide coating, nitride coating, and others.
• 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

"Thermal spray holds more than 70% market share in 2022 and commands the market during the forecast period".

• 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 transportation & automotive segment is estimated to witness a significant growth rate on account of the growing product adoption in the automotive industry".

• The market is segmented as transportation & automotive, energy, aerospace & defense, industrial goods, healthcare, and others.
• 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 Analysis

"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.

Know the high-growth countries in this report. Register Here.

Key Players

The following are the key players in the Ceramic Coating Market (arranged alphabetically).

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

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

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?

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.

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.