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  • Ceramic Coating Market Analysis & Forecast | 2022-28

    Ceramic Coating Market Analysis & Forecast | 2022-28

    Ceramic Coating Market Analysis & Forecast | 2022-28
    Report code - SR1199 Delivery - 2 Weeks
    Ceramic Coating Market Size, Share, Trend, Forecast, & Industry Analysis – 2022- See more...

    Market Insights

    The global ceramic coating market is expected to grow from USD 10.09 billion in 2021 to reach USD 17.12 billion by 2028 at an impressive CAGR of 7.78% during the forecast period.

    ceramic-coating-market-size

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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 Features

    Market Size in 2028

    USD 17.12 Billion

    Market Size in 2021

    USD 10.09 Billion

    Market Growth (2022-2028)

    CAGR of 7.78%

    Base Year of Study

    2021

    Trend Period

    2016-2020

    Forecast Period

    2022-2028

    Segment Covered

    By Type (Oxide Coating, Carbide Coating, Nitride Coating, and Others),

    By Technology Type (Thermal Spray, Physical Vapor Deposition, Chemical Vapor Deposition, and Others),

    By Application Type (Transportation & Automotive, Energy, Aerospace & Defense, Industrial Goods, Healthcare, and Others),

    By Region (North America, Europe, Asia-Pacific, and Rest of the World).

    Dominant Region

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

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    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.

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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 market is segmented as oxide coating, carbide coating, nitride coating, and others. Oxide coating shares more than 55% market in 2021 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 market is segmented as thermal spray, physical vapor deposition [PVD], chemical vapor deposition [CVD], and others. Thermal spray holds more than 72% market share in 2021 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.

    ceramic-coating-market-share

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    By Application Type

    The market is segmented as transportation & automotive, energy, aerospace & defence, 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 automotive. Besides, it is widely used on car exteriors for protection against UV radiation.

    Regional Analysis

    Asia-Pacific dominated the global market in 2021 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.

    Segmentation

    The report provides detailed insights into the 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-region

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    Research Methodology

    This report offers high-quality insights and is the outcome of 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.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts 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 market.

    Report - Features

    Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >130

    Company Profiles

    10

     

    The following are the key features of the report:

    • Overview, industry life cycle analysis, supply chain analysis
    • Report Environment Analysis: Growth drivers and constraints, Porter’s five forces and SWOT analysis
    • Trend and forecast analysis
    • Segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors.

    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 at 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 market is expected to grow at a CAGR of 7.78 % during the upcoming five years.

    The study period of the market is 2016-2028.

    The market size was estimated to grow from USD 10.09 Bn in 2021 to USD 17.12 Bn by 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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