Ceramic Coatings Market Analysis 2020-2027

Ceramic coating is an inorganic material, which is handled and utilized in high temperature applications. This kind of item is typically based on silica, titania, silicon carbide, alumina, alumina-magnesia, hafnia, and silicon nitride arrangements. In addition, it offers improved heat resistance, anti-erosion, and enduring productivity, which may promulgate ceramic coating market size. Ceramic coating is a clear coat, which includes a liquid polymer that leads to formation of chemical bond with blend of paints. The ceramic coating comprises nano particles that are invisible to eye and when polished on surface of vehicles these particles structure a chemical substance bond with applied paint and fill pores present on the body. Ceramic coatings can be utilized in different enterprises. It tends to be inferred by formulating different advances, for example, thermal spray, physical vapors deposition (PVD), chemical vapor deposition (CVD), and others. Different strategies include dipping, sol gel, micro-oxidation, packed diffusion, ionic beam surface treatment, and laser assisted methods.

Market scope and structure analysis

COVID-19 scenario analysis:

• The global market for ceramic coatings is severely impacted by the outbreak of the COVID-19 pandemic. 
• The COVID-19 pandemic led to a decline in the economic growth in almost all major countries, thus affecting consumer spending patterns. 
• Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
• Thus, insufficiency in raw material supply is expected to hamper the production rate of ceramic coatings, which negatively impact the market growth.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Ceramic coating market is predicted to grow during the forecast period, owing to its applications such as transportation, aviation & defense, energy, and social & healthcare industries. It has z wide application scope in steel industry, which incorporates refractory bricks, pumps, chimneys, and bearings due to its abrasion and erosion properties. Alongside, these coatings are used for sliding wear, dielectric quality, thermal boundaries, and corrosion protection. Rise in the automotive industry augment demand for ceramic coatings as it creates additional hydrophobic layer of protection. It gives excellent shine to vehicles and protects them from chemical stains. However, its high cost is anticipated to hamper the market. Moreover, availability of other alternative coatings is anticipated to restrain the market growth. 

New Product launch to boost the market

Bodycote, the world's leading supplier of warm treatment technologies and thermal processing technologies, has acquired Ellison Surface Technologies ('Ellison'). Ellison is global leader that offers thermal spray and engineered coating surface technologies serving for aerospace industry. Main focus of this business strategy is to serve coatings for aerospace end-user. The organization will be incorporated into Bodycote's aviation business, which itself has seen solid structural development. Consolidating Ellison's thermal spray and coating surface technology with Bodycote's capacity to convey industry-driving arrangements that address aerospace customers’ thermal treatment and master in thermal handling provisions.

Surge in usage in automotive applications

Rising utilization of ceramic coatings in automotive & transportation applications have enhanced the demand for the market. Other properties such as heat resistance and anti-erosion have increased the adoption of ceramic coatings in the automotive industry. Ceramic coating layer helps to protect vehicle’s paint from UV rays, thus reducing oxidization. Increasing in need for prevention of vehicles from chemical stains has augmented the need for ceramic coatings.

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the global ceramic coatings market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global ceramic coatings market.
• The current market is quantitatively analysed from 2020 to 2027 to highlight the global ceramic coatings market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global ceramic coatings market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the ceramic coatings market research report:

• Who are the leading market players active in the ceramic coatings market?
• What would be the detailed impact of COVID-19 on the market?
• What current trends would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the ceramic coatings market?
• What are the projections for the future that would help in taking further strategic steps?