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Ceramic Coating Market Will Witness A Rapid Growth To 2024

Author : Ronak Bora | Published Date : 2019-05-09 

The study on the global Ceramic Coating Market evaluated the historical and current performance of this market, especially highlighting the key trends and growth opportunities. According to the study, the rising demand for this product is driving the global market significantly. The expansion in the various related industry is also expected to reflect positively on the sales of the product over the next few years.

Ceramic coating market from automotive & transportation applications may witness significant gains over the forecast timeframe. It protects vehicles interior and exterior from damage and extend cars life. Ceramic coating layer protects vehicle's paint from UV rays, thereby reducing oxidization. China has a strong automobile production base and is likely to remain the leading manufacturer in the near future. In 2016, China's automobile industry was over 24 million units passenger vehicles sales and over 3.5 million units commercial vehicle sales.

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Ceramic Coating Market is likely to witness significant gains due to its strong application outlook in transportation, aerospace & defence, energy, and healthcare industries. It has wide application scope in steel sector which includes refractory bricks, pumps, chimneys and bearings on account of its abrasion and anti-corrosion properties.

Asia Pacific led by Japan, India, South Korea and China ceramic coating market size, may witness surge in demand over the forecast timeframe. Increasing application outlook in aerospace and automotive industries should drive regional growth. Rapid industrialization accompanied with development of public infrastructure and better road connectivity has improved commercial road transport facilities in India, Indonesia, Thailand and China. Favorable government initiatives and investments in commercial road facilities along with shift in focus of vehicle manufacturers on enhancing the appearance of the vehicle to maintain competitive edge in market should ceramic coating demand in the region.

North America, led by Canada and the U.S. ceramic coating market size may witness an uptrend owing to increasing application scope in automobile, and aerospace & defence industries.

Europe ceramic coating market size, driven by France, Italy, UK, Spain and Germany may witness a rapid pace of demand due to the presence of various manufacturing industries. Increasing vehicles demand along with rise in per capita disposable income may drive regional industry growth.

Thermal spray ceramic coating market size may witness steady gains over the foreseeable period. It is widely used technology due to its high density and can be used in every material compositions. Global thermal spray coatings market size is poised to exceed USD 11.5 billion by 2024, with gains at over 6.5%. Rising demand for instrument life from health care and dental industries owing to increase in wear resistant property, may enhance product life and reduce maintenance requirement. Ceramics applied on thermal spray are mainly used for sliding wear, dielectric strength, thermal barriers and corrosion protection. It involves heating a material in wire or powder form to semi-molten to molten form.

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Physical vapor deposition (PVD) technology may show a significant market share due to its cheaper cost and thermal efficiency. It is preferably used in automotive and aerospace industries owing to it less resistance capability in high temperature & surface pressure and low spraying velocity, which may further stimulate ceramic coating market growth. Global physical vapor deposition market size may surpass USD 35 billion in sales by 2024, with gains at over 8%. Technological advancement has led to rise in microelectronics demand, thereby driving the industry growth.

Oxide based ceramic coating market size may witness favourable gains owing to its strong application outlook in steel sector where it can be applied on chimneys, refractory bricks, pumps, bearings and guide bars. Furthermore, it is used on anodes and cathodes solid oxide fuel cells, biomedical implants, hydraulic cylinders, and calender rollers. Commonly used oxide coats include zirconium, chromium, and aluminum which offers corrosion protection, hardness, shock resistance, and wear resistance.

Positive application scope in aerospace & defence industry should drive ceramic coating market size. Increasing demand for oxide and carbide coats which are exclusively used in rocket exhaust cones and insulating tiles, for engine components, space shuttles and embedded into windshield glass of airplanes should stimulate industry growth. Global aerospace market size is likely to exceed USD 360 million by 2024. Increasing aircraft demand along with technological innovation should boost overall industry growth.

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Global ceramic coating market share is highly competitive and moderately consolidated. Major players operating in the industry include APS Materials, Praxair Surface Technologies, Bodycote PLC, and Keronite Group. Companies are focusing on R&D spending towards eco-friendly technology to expand business and create avenues in the ceramic coating industry.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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