Europe Ceramic Coatings Market - Segmented by Type, Technology, End-User and Geography - Growth, Trends and Forecast (2018-2023)
The Europe ceramic coatings market is expected to register a healthy growth rate during the forecast period, 2018 – 2023. These coatings are generally applied to metal or metallic alloy components, as well as to ceramic components. They improve the performance of metals, thereby, making them fit for several applications. The market is driven by its increasing demand from the automotive industry, owing to its increasing usage in automotive manufacturing.
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 also makes them suitable for use on heaters to keep the under-the-hood temperature low. They are also known to provide a 3% gain in the horsepower when coated on the entire exhaust system. They also 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 the friction when coated on engine parts, such as piston tops, rings & valves, rods, etc. Furthermore, with the increasing environment-related regulations, regarding 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 prefer the use of ceramic coatings. European Union is one of the largest producers of civil aircraft, including helicopters, aircraft engines, parts, and components. The total turnover of the EU aerospace sector is estimated to be €128 billion, with the highest spending in the R&D sector. Around 12% of the income is focused towards the R&D in the aerospace industry. The increasing demand for the aerospace and aeronautic products is anticipated to have a positive impact on the European ceramic coatings market.
France is the Dominant Player
France is known for its vertically developed aerospace industry. The ceramic coatings market is expected to grow considerably during the forecast period, driven by the production of helicopters, avionics, and jets for defense forces, passenger aircraft for civil aviation, weapons, and several other aeronautical projects. Foreign investments, coupled with French government initiatives, are supporting new aerospace research and development in the region to give a boost to the aerospace industry, in turn, driving the ceramics coating market. Furthermore, the automotive production has been raised by 6.54% in the country, which is expected to increase the demand for ceramic coatings in the region.
Notable Developments in the Market
September 2017:The Dow Chemical Company and E. I. du Pont de Nemours and Company successfully completed their planned USD 130 billion merger to form DowDuPont.
Major Players: AkzoNobel N.V., APS Materials, Saint-Gobain, Praxair Surface Technologies, and DowDupont, 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
Countries that 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
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