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Global High Performance Ceramic Coatings Market Expected to Reach $12,633.3 Million by 2026

 

quote Several coating companies have entered the high performance ceramic coatings manufacturing business to expand their product portfolio. The global high performance ceramic coatings market has registered a dynamic growth over the past few years, owing to significant development of the automotive and aerospace & defense sectors in countries across Asia-Pacific. In addition, rise in disposable income of consumers and improvement in standard of living has fueled the demand for automobiles. These factors altogether boost the demand for high performance ceramic coatings, which in turn is expected to drive the growth of the global high performance ceramic coatings market. quote

Eswara Prasad
Manager, Chemical and Material at Allied Market Research

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According to a new report published by Allied Market Research, titled,"High Performance Ceramic Coatings Market by Product Type, Technology, and End Use Industry: Global Opportunity Analysis and Industry Forecast, 2019-2026,"the global high performance ceramic coatings market was valued at $7,844 million in 2018, and is projected to reach $12,633.3 million by 2026, growing at a CAGR of 6.2% from 2019 to 2026.

High-performance ceramic coatings provide enhanced resistance to temperatures,  corrosion and erosion against a wide range of chemicals and across many applications. It is widely used in the automotive industry and applied on automotive engine components and increases the fuel efficiency. It protects the components from oxidation as it provides resistance to high temperature and prevents destructive effect of ultraviolet rays on the surface of the car.

In addition, rapid growth in the automotive sector and increase in demand for automobile from consumers fuel the growth of the high performance ceramic coatings market. High performance ceramic coatings are applied on automotive engine components, which increases the fuel efficiency. In addition, these coatings are widely used in compressor seals, oil seals, and airframe & engine components of commercial and military aircrafts boost the market growth. Furthermore, due to rapid growth in commercial aviation and aerospace & defense sector has led to increase in demand for high performance ceramic coatings.

Based on product type, the market is segmented into oxide coating, carbide coating and nitride coating. The oxide coatings is widely applied to steel and cast iron as well as to alloys of aluminum, copper, and zinc used in automotive and aerospace & defense industries. In addition, it possesses physical properties such as resistance to corrosion and electrical insulation.

Based on technology, the market is segmented into thermal spray, physical vapor deposition, chemical vapor deposition, and other technologies. The thermal spray coating has higher demand owing to long self-life of the finished products and high precision. Furthermore, thermal spray coatings are applied on turbo-machinery such as high-pressure turbine seals, rotor-path linings, bearings, compressor seals, airframe, oil seals, and engine components of commercial and defense aircraft. Rapid growth of commercial aviation industry & aerospace and defense industry across developed and developing countries such as the U.S., the UK, France, and China has led to increase in demand for thermal spray coatings. Thus, all these factors together significantly contribute toward the high performance ceramic coatings market growth.

Based on end use industry, the market is segmented into automotive, aerospace & defense, general industrial tools & machinery, healthcare, and others. High performance ceramic coatings are applied on automotive engine components, which increase the fuel efficiency. Its physical properties such as resistance to high temperature protects the components from oxidation. In addition, increase in investments by major market players for the R&D activities and expansion of their production capabilities and product portfolios are anticipated to increase the growth of the APAC high performance ceramic coatings market.

Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific emerge as a global leader in wood coatings market due to increase in demand for high performance ceramic coatings market in the developing economies such as India and China, owing to development of the automotive, aerospace & defense and semiconductor industry. This factor is likely to increase the Asia-Pacific high performance ceramic coatings market size from 2019 to 2026.

Key Findings of The High Performance Ceramic Coatings Market:

  • The Asia-Pacific high performance ceramic coatings market share is predicted to hold a share of over 48.20% by the end of 2026.
  • The thermal spray coatings in the technology segment is predicted to hold a share of over 34.92% in the global high performance ceramic coatings market in terms of revenue in 2026.
  • The high performance ceramic coatings market trends has been analyzed across the major states of the region.

The market players have adopted expansion, acquisition, and collaboration as their key strategies to gain competitive advantage in this market. The key players operating in the high performance ceramic coatings industry include Akzo Saint-Gobain, Aremco Products, Inc., Ceramic Polymer GmbH, Praxair Surface Technologies, Inc., DowDuPont, Cetek Ceramic Technologies Ltd., APS Materials Inc., Bodycote Plc, A&A Coatings, and Kurt J. Lesker Company Ltd.

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quote High Performance Ceramic Coatings Market by Product Type (Oxide Coating, Carbide Coating and Nitride Coating), Technology (Thermal Spray, Physical Vapor Deposition, Chemical Vapor Deposition, and Other Technologies), and End Use Industry (Automotive, Aerospace & Defense, General Industrial Tools & machinery, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026 quote

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