New York 10013, United States of America – March 23, 2022 —
Ceramic Coating Market Overview
According to the latest report, the global ceramic coating market size in 2020 is witnessed at USD 8.30 billion and is expected to grow at a significant rate of 7.3% CAGR with market size of USD 12.5 billion during the forecast period 2020-2027.
Ceramic coating is an inorganic material made up of silica, silicon carbide, alumina, alumina magnesia, hafnia, titania, and silicon nitride. It can withstand high temperatures of more than 1,2000 F (6500 c) and the specially designed composite ceramics can survive 16000 F (8700 C) temperature. These coatings have excellent advantages like rising component longevity, minimizing heat on high-temperature components, preventing corrosion, reducing friction, and improving surface attractiveness. Moreover, it has superior characteristics like heat resistance, anti-corrosion, and weathering efficiency which are escalating the demand for ceramic coatings in various applications.
The growing penetration of these coatings in developing nations like India, China, Brazil, and Indonesia is accelerating the growth of the market. Apart, rising automotive manufacturing in developing countries is predicted to grow the coatings requirement in automobiles. These coatings have excellent anti-corrosion and abrasion properties which makes them ideal to use in the steel sector that includes chimneys, bearings, refractory pumps, and bricks. Moreover, oxide coatings offer extraordinary properties like corrosion protection, shock resistance, wear resistance, and hardness.
The ceramic coating market opportunities are emerging product applications in the aerospace and healthcare industries are boosting the market growth. Furthermore, introducing advanced technologies like nanocoating is fueling new growth opportunities for the market.
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Key Players
The major market players in the market are
- Morgan Advanced Materials (U.K.)
- APS Materials, Inc. (U.S.)
- Bodycote (U.K.)
- Praxair S.T. Technology, Inc. (U.K.)
- Aremco Products, Inc. (U.S.)
- Akzo Nobel N.V. (The Netherlands)
- Saint-Gobain (France)
- MBI Coatings (U.S.)
- Nano-Care Deutschland AG (Germany)
- Ceramic Polymer GmbH (Germany)
- Oerlikon Group (Switzerland)
Ceramic Coating Market Segmentation
The ceramic coating market is analyzed into three types based on the end-user industry, material type, and technology.
Material Type Segmentation: The ceramic coatings by material type are classified into various forms such as oxide, silica, alumina-magnesia, carbide, nitride, and others.
Technology Segmentation: Based on the technology, the ceramic coatings are trifurcated into chemical vapor deposition, physical vapor deposition, thermal spray, and others.
End-Use Industry Segmentation: The ceramic coatings market by end-user is categorized into various forms like automotive, oil & gas, chemical, healthcare, aerospace & defense, textile, energy & power, and others.
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Regional Classification
By the recent report, the ceramic coatings market based on region is divided into four major regions such as Asia-Pacific, North America, Europe, and the Middle East & Africa. Out of these regions, Asia-Pacific is leading the highest market share due to the rising demand for ceramic coatings from developing nations like India, China, and Japan. Moreover, the rapid expansion of the steel industry and the automotive sector is expected to fuel the market growth in this region. Europe is holding the second-largest market share due to the rapid development of large-scale automotive manufacturers and increasing investments in R & D to develop ceramic coatings technology.
Recent Development
January 2021– GoPivot, the leading mobile-first corporate wellness, and safety platform, announced that its client Morgan Advanced Materials has extended its partnership. The extended partnership will also include an employee recognition program.
January 2021– IGL Coatings launched its graphene reinforced product, Ecocoat Quartz+. The improved Ecocoat Quartz+ is a hybrid 9H rates dual system ceramic coating that combines two ceramic coatings with different attributes to provide the ultimate layer of protection and an excellent finish for almost all types of paint surfaces.
Apr 2021 Tata Motors, India’s foremost auto brand, recently introduced an industry-first service offering of Ceramic Coating with the all-new Safari model. This is a cutting-edge hydrophilic formulation technology to revive the appearance of Tata cars. The cars are available at a price of 28,500 for U.V.s, and this service will be offered at all Tata Motors authorized dealerships. Tata Motors will also extend this exclusive service to all other Tata passenger vehicles at prices changing as per their particular segments.
Apr 2021 Eastman Performance Films, LLC (Eastman) is creating waves in the automotive industry with the presentation of LLumar Valor paint protection film that provides car owners protection for their vehicles, making them look modernistic for longer. Valor’s dedicated technology makes it easy to clean and has up to 25% more stain and environmental resistance than other top products on the market. With Eastman Tetrashield technology, Valor blends, paint protection, and ceramic coating benefits have been rolled into one durable product.
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Table of Content
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 20
1.1.1 GLOBAL CERAMIC COATINGS MARKET, BY MATERIAL TYPE 20
1.1.2 GLOBAL CERAMIC COATINGS MARKET, BY TECHNOLOGY 21
1.1.3 GLOBAL CERAMIC COATINGS MARKET, BY END-USE INDUSTRY 22
1.1.4 GLOBAL CERAMIC COATINGS MARKET, BY REGION 23
2 MARKET INTRODUCTION
2.1 DEFINITION 24
2.2 SCOPE OF THE STUDY 24
2.3 MARKET STRUCTURE 25
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 26
3.2 PRIMARY RESEARCH 27
3.3 SECONDARY RESEARCH 28
3.4 MARKET SIZE ESTIMATION 28
3.5 TOP-DOWN AND BOTTOM-UP APPROACH 29
3.6 FORECAST MODEL 30
3.7 LIST OF ASSUMPTIONS 31
4 MARKET DYNAMICS
4.1 INTRODUCTION 32
4.2 DRIVERS 32
4.2.1 USE OF CERAMIC COATINGS IN THE AUTOMOTIVE INDUSTRY 32
4.2.2 HIGH DEMAND IN THE AEROSPACE & DEFENSE INDUSTRY 34
4.2.3 GROWING DEMAND FROM HEALTHCARE AND ENERGY & POWER INDUSTRIES 34
4.3 RESTRAINTS 36
4.3.1 DISADVANTAGES ASSOCIATED WITH CERAMIC COATINGS 36
4.4 OPPORTUNITIES 37
4.4.1 EMERGING MARKETS FOR CERAMIC COATINGS 37
4.5 CHALLENGE 38
4.5.1 AVAILABILITY OF SUBSTITUTES 38
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS 39
5.1.1 RAW MATERIALS SUPPLIERS 39
5.1.2 MANUFACTURERS 40
5.1.3 DISTRIBUTION & SALES CHANNEL 40
5.1.4 END-USE INDUSTRY 40
5.2 PORTER’S FIVE FORCES ANALYSIS 41
5.2.1 THREAT OF NEW ENTRANTS 41
5.2.2 BARGAINING POWER OF SUPPLIERS 41
5.2.3 THREAT OF SUBSTITUTES 42
5.2.4 BARGAINING POWER OF BUYERS 42
5.2.5 INTENSITY OF RIVALRY 42
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