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The global Ceramic Coatings Market is expected to reach USD 17.06 billion with a CAGR of 7.5% by 2030. Ceramic coatings refer to a chemical that is used to provide a layer of protection to the exterior part of vehicles, airplanes, and medical equipment. Ceramic coating is mainly composed of silicon dioxide (silica, Si02), which is sourced from natural materials such as quartz and sand.
Overview
Ceramic Coatings Market is a chemical polymer solution that shields the vehicle from sun, UV rays, rust, rock chips, and scratches. The adoption of ceramic coatings has increased in the medical devices, energy, as well as in different industries due to its remarkable properties such as high temperature and chemical corrosion resistance, aseptic nature, and surface impermeability. These chemicals have other properties such as thermal & electrical insulation, non-magnetism, and oxidation resistance that helps in prevention of stains and scratches.
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The demand for ceramic coatings market is increasing due to its applications in various industries such as aerospace & defense, automotive & transportation, and oil & gas factories, among others. These coatings are used in aerospace & defense industry as they improve the thrust and increase the efficiency of the aircraft engines. In automotive industry, these protective coatings protect the automotive components and repair parts including rotors, pistons, pinions and others which in turn is expected to propel the growth of the market.
However, high cost of the products and development of cheaper substitutes are expected to restrain the growth of market during the forecast period. On the other hand, the application of ceramic coatings in dental implants, orthopedic implants, and in making of other therapeutic devices for the development of healthcare industry is expected to create lucrative growth opportunities for the ceramic coatings market players in future.
The ceramic coating market size has been segmented based on type, product, application, and geography. Based on type, the market is classified into thermal spray, physical vapor deposition, chemical vapor deposition, and others. Based on product, the market is divided into oxide, carbide, nitride, and others. Based on application, the market is grouped into automotive & transportation, energy, chemical, textile, aerospace & defense, industrial goods, healthcare, and others. The geography breakdown and analysis of each of the aforesaid segments include regions comprising of North America, Europe, Asia-Pacific, and ROW.
Asia Pacific region holds the lion's share of the ceramic coatings market at present and is expected to continue dominating the market during the forecast period. Asia-Pacific region is another significant factor that boosts the growth since ceramic coatings are highly used in the making of panel glasses for protection from erosion and deposition of salts as well as minerals.
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The market comprises various players such as Keronite Group, Cetek Ceramic Technologies Ltd., E.I. Du Pont De Nemours & Company, APS Materials, Inc., Praxair Surface Technologies, Inc., 3M India Ltd., Aremco Products Inc., Bodycote PLC, Nasiol Nano Coating, and Advanced Nanotech Lab (ANT). These manufacturers are actively indulging in R&D initiatives, product & technology innovations, and industrial collaborations to enhance their product and increase their growth as well as geographical reach.
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