Global 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 are generally applied to metal or metallic alloy components, as well as to ceramic components. They improve the performance of metals, thus, making them fit for several applications. The market is driven by an 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 the 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, the automobile manufacturers are increasingly shifting to the use of ceramic coatings.
Aerospace & Defense is the Largest End-user
Aerospace is the largest application of thermal sprayed ceramic coatings. The 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 the emerging economies, like India and China, coupled with growing foreign investments will affect the market positively.
US to Lead the Ceramics Coatings Market
The United States accounts for the highest market share in the ceramic coatings market. It is also expected to grow considerably during the forecast period, driven by the recovering economy, increasing expenditure on defense & aerospace, and the increasing production of high performance automobiles. The US ceramic coatings market is also attracting many startup companies, who are coming up with innovative applications for ceramic coatings. The United States has one of the largest automotive markets in the world and has 13 automotive manufacturers. There is an extensive network of automotive parts suppliers serving the industry. This is expected to increase the demand for ceramic coatings in the nation.
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: A&A Coatings, APS Materials, Saint-Gobain, and Praxair Surface Technologies, among others.
Reasons to Purchase this Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Identify 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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