APAC Ceramic Coatings Market - Segmented by Type, Technology, End-User and Geography - Growth, Trends and Forecast (2018-2023)
The ceramic coatings market is expected to register a robust growth rate during the forecast period, 2018 - 2023. These coatings generally are applied to metal or metallic alloy components, as well as to ceramic components. They improve the performance of metals making them fit for several applications. The market is driven by the increasing demand from the automotive industry.
Increasing Demand from Automotive Industry
Ceramic coatings find ample use in automobiles. They are mostly used on exhaust components to decrease temperature. Their low heat absorption property also makes them suitable for use in heaters to keep the under-the-hood temperature low. They are also known to provide a 3% gain in horsepower when coated on the entire exhaust system. They keep the engine bay cooler and safer. Thus, they are increasingly being used in exhaust systems. Ceramic coatings reduce wear, lower the operating temperature, and decrease friction when coated on engine parts, such as piston tops, rings & valves, rods, etc. Furthermore, with the increasing environment-related regulations with respect to vehicle emissions, automobile manufacturers are increasingly shifting to ceramic coatings.
Aerospace & Defense is the Largest Application
Aerospace is the largest application of thermal-sprayed ceramic coatings. Various airplane components, like engines, rotors, and other mechanical parts, require hard and wear-resistant coatings that can withstand high temperatures. Therefore, they use ceramic coatings. The growth of the aerospace sector, particularly the civil aviation sector, in emerging economies, like India and China, coupled with the growing foreign investments will affect the market positively.
China to Lead the Ceramics Coatings Market
The ceramic coating market in China is primarily driven by the rising demand in the automotive industry, growing consumer economic status in the region, and the increasing usage in textile industry. The application of ceramic coatings for thermal insulation in aerospace applications, like space shuttles, makes them attractive to that segment of the market, and therefore, ceramic coatings are witnessing a fast growth due to the increased interest in space. Additionally, the increasing nano-technological applications market, where electronic devices are manufactured using coatings, appears to be a significant market in the future.
Key Developments in the Market
September 2017:The Dow Chemical Company and the E. I. du Pont de Nemours and Company successfully completed their planned USD 130 billion merger to form DowDuPont.
Major Players: APS Materials, Saint-Gobain, Praxair Surface Technologies, DowDupont, and Bodycote, among others.
Reasons to Purchase this Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Identifying the end-user industry that is expected to dominate the market
Identifying the regions are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)
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