Ceramic Coatings Market Outlook 2031
The global ceramic coatings market size was valued at USD 11.05 billion in 2022 and is projected to reach USD 19.15 billion by 2031. The market is projected to expand at a CAGR of 6.3% during the forecast period, 2023-2031. The growth of this market is attributed to its properties of increasing lifespan of components, minimizing high temperature of the components and preventing corrosions.
Ceramic coatings are chemical solutions made by combining titanium, aluminum, zirconium, and chromium. These types of coatings are used on the surface of vehicles to protect it from scratches, UV rays, and environmental impurities. Ceramic coatings make it easy to clean vehicles and adds a new finishing to it. Ceramic coatings are an integral part of the production process, as they operate under varying temperatures and pressures in high-tech systems such as missiles, space, and aeronautics.
The applications of ceramic coatings are spread over a large number of industries. An ideal ceramic coating is expected to have a dense layer, resistance to erosion, and resistance to interdiffusion at high temperatures.
Ceramic Coatings Market Trends, Drivers, Restraints, and Opportunities:
- The ceramic coatings market uses inorganic material, which is treated at high temperatures. This process increases heat resistance with minimal emission in the atmosphere.
- Ceramic coatings are broadly used in healthcare, industrial goods, transportation & automotive, and energy sectors.
- Factors such as protection of vehicle surface from chemical contamination and scratches, along with its long-lasting properties and affordable cost drives the market growth.
- Ceramic coatings are finding new applications on metal parts due to its properties of corrosion resistance and thermal barriers. This has provided new opportunities to the market.
- The coatings are not fully effective against scratches. Harsh frictions might damage the color of the vehicle even when the ceramic coating is applied. The surface is water-repellant, but if the water evaporates, it might leave some marks behind due to the minerals. These factors might hinder the market growth.
- The COVID-19 pandemic had a positive impact on the global ceramic coatings market, as the use of ceramic coatings in medical instruments has significantly increased.
Scope of The Ceramic Coatings Market Report:
The report on the ceramic coatings market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Ceramic Coatings Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Oxide coatings, Carbide coatings, Nitride coatings, Others) Technologies (Thermal Spray, Physical Vapor Deposition, Chemical Vapor Deposition, Others) End- Users (Transportation & Automotive, Energy, Aerospace & Defense, Industrial goods, Healthcare, Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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Bodycote, Praxair S.T. Technology, Inc., APS Materials, Inc., RMS Engineering, NASIOL NANO COATINGS, Nano Care, Aremco’s Corr-Paint, Integrated Global Services, Inc., Keronite, Morgan Advanced Materials
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Ceramic Coatings Market Segment Insights:
Oxide Coatings constitute a major market share
On the basis of types, the global ceramic coatings market is divided into oxide coatings, carbide coatings, nitride coatings, and others. In 2019, oxide coatings constituted a share of the market. This was attributed to its low costs and high efficiency. It is anticipated that these coatings will continue to hold a major share in the forecast period, 2023-2031.
Oxide coatings are generally used by steel industries for application in pumps, bearings, and guide bars. In oil & gas industries, they are used in pump sleeves and valve components.
Thermal spray market has a high market share
In terms of technologies, the global ceramic coatings market is divided into thermal spray, physical vapor deposition, chemical vapor deposition, and others. The chemical vapor deposition and thermal spray techniques are well established in nearly all ceramic materials. All techniques have their own perks and flaws, accordingly it is decided in which sector to use it.
Thermal spray is an instrument through which the ceramic is converted into molten or semi-molten form. Then the ceramic is finely divided into small droplets, which makes it easier to be sprayed on surfaces. The physical vapor deposition technique is not used in the aerospace industry due its resistance at high temperatures and pressures.
Heavy Industries drives the global ceramic coatings market
Based on the end-users, the global ceramic coatings market is divided into transportation & automotive, energy, aerospace & defense, industrial goods, healthcare, and others. It is observed that the heavy industries segment had fueled the market in the past decade. This segment consists of steel, aerospace, mining, locomotives, and others.
With the growing demand for automobiles, it is anticipated that this segment will continue to drive the market in the forecast period, owing to the replacement of wax polish on vehicles by the ceramic coatings.
Asia Pacific dominates the market
In terms of regions, the global ceramic coatings market is divided into North America, South America, Europe, Middle East and Africa, and Asia Pacific. In 2019, the Asia Pacific region accounted for more than 40% of the market share. China constitutes a large market share in this region, due to its high manufacturing capacity in automotive, consumer goods, aerospace & defense. Additionally, the rest of the world is expected to generate high demand for this market.
Segments
Types
- Oxide coatings
- Carbide coatings
- Nitride coatings
- Others
Technologies
- Thermal Spray
- Physical Vapor Deposition
- Chemical Vapor Deposition
- Others
End- Users
- Transportation & Automotive
- Energy, Aerospace & Defense
- Industrial goods
- Healthcare
- Others
Regions
- North America
- South America
- Europe
- Middle East and Africa
- Asia Pacific
Key Players
- Bodycote
- Praxair S.T. Technology, Inc.
- APS Materials, Inc.
- RMS Engineering
- NASIOL NANO COATINGS
- Nano Care
- Aremco’s Corr-Paint
- Integrated Global Services, Inc.
- Keronite
- Morgan Advanced Materials
Competitive Landscape
Some of the key players in this industry are Bodycote, Praxair S.T. Technology, Inc., APS Materials, Inc., RMS Engineering, NASIOL NANO COATINGS, Nano Care, Aremco’s Corr-Paint, Integrated Global Services, Inc., Keronite, Morgan Advanced Materials, and others.