Ceramic Coatings Market Overview
According to the latest report, the global ceramic coatings market size in 2020 is estimated at USD 8.30 billion and is expected to grow at a significant rate of 7.3% CAGR with a market size of USD 12.5 billion during the forecast period 2020-2027.
The ceramic coating is an inorganic material composed of silica, silicon carbide, alumina, alumina magnesia, hafnia, titanium and silicon nitride. It can withstand high temperatures of over 12,000 F (6,500 C) and the specially designed composite ceramic can survive a temperature of 16,000 F (8,700 C). These coatings provide excellent benefits such as increasing component longevity, reducing heat on high temperature components, preventing corrosion, reducing friction and improving vehicle appeal. the surface. Moreover, it has superior characteristics like heat resistance, anti-corrosion and weathering efficiency which increase the demand for ceramic coatings in various applications.
The increasing penetration of these coatings in developing countries like India, China, Brazil, and Indonesia is accelerating the growth of the market. Additionally, the increase in automobile manufacturing in developing countries is expected to increase the need for coatings in automobiles. These coatings have excellent anti-corrosion and anti-abrasion properties making them ideal for use in the steel industry which includes chimneys, bearings, refractory pumps and bricks. Additionally, oxide coatings provide extraordinary properties such as corrosion protection, impact resistance, wear resistance and hardness.
The ceramic coatings market opportunities are emerging product applications in the aerospace and healthcare industries that are driving the growth of the market. Additionally, the introduction of advanced technologies such as nanocoating is fueling new growth opportunities for the market.
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The major market players in the market are
- Morgan Advanced Materials (UK)
- APS Materials, Inc. (USA)
- Bodycote (UK)
- Praxair ST Technology, Inc. (UK)
- Aremco Products, Inc. (USA)
- Akzo Nobel NV (Netherlands)
- Saint-Gobain (France)
- MBI Coatings (USA)
- Nano-Care Deutschland AG (Germany)
- Ceramic Polymer GmbH (Germany)
- Oerlikon Group (Switzerland)
Ceramic Coatings Market Segmentation
The ceramic coatings market is analyzed into three types based on end-user industry, material type and technology.
Segmentation of material types: Ceramic coatings by material type are classified into various forms such as oxide, silica, alumina-magnesia, carbide, nitride and others.
Technological segmentation: Based on the technology, ceramic coatings are trifurcated into chemical vapor deposition, physical vapor deposition, thermal spraying and others.
End Use Industry Segmentation: The ceramic coatings market by end user is categorized into various forms such as automotive, oil & gas, chemical, healthcare, aerospace & defense, textile, energy & power, etc. .
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According to the recent report, the region-based ceramic coatings market is divided into four major regions such as Asia-Pacific, North America, Europe, Middle East and Africa. Among these regions, Asia-Pacific holds the highest market share due to growing demand for ceramic coatings from developing countries like India, China, and Japan. Moreover, the rapid expansion of the steel industry and automotive sector is expected to fuel the market growth in this region. Europe holds the second largest market share owing to the rapid development of large-scale automakers and increasing R&D investment to develop ceramic coating technology.
January 2021– GoPivot, the leading mobile enterprise safety and wellbeing platform, announced that its client Morgan Advanced Materials has extended its partnership. The expanded partnership will also include an employee recognition program.
January 2021– IGL Coatings launched its graphene-enhanced product, Ecocoat Quartz+. Improved Ecocoat Quartz+ is a dual system 9H rate hybrid ceramic coating that combines two ceramic coatings with different attributes to provide the ultimate layer of protection and an excellent finish for almost any type of paint surface.
April 2021 Tata Motors, India’s leading automotive brand, recently launched its first ceramic coating service offering with the all-new Safari model. It is an advanced hydrophilic formulation technology to revive the appearance of Tata cars. The cars are available at a price of 28,500 for UV, and this service will be offered at all Tata Motors authorized dealers. Tata Motors will also extend this exclusive service to all other Tata passenger vehicles at prices varying according to their particular segments.
April 2021 Eastman Performance Films, LLC (Eastman) is creating waves in the automotive industry with the introduction of LLumar Valor Paint Protection Film which provides car owners with protection for their vehicles, keeping them looking modern for longer. Valor’s dedicated technology makes it easy to clean and has up to 25% more stain and environmental resistance than other premium products on the market. With Eastman Tetrashield technology, Valor compounds, paint protection and ceramic coating benefits have been combined into one durable product.
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1.1 ANALYSIS OF MARKET ATTRACTIVENESS 20
1.1.1 GLOBAL CERAMIC COATINGS MARKET, BY TYPE OF MATERIAL 20
1.1.2 GLOBAL CERAMIC COATINGS MARKET, BY TECHNOLOGY 21
1.1.3 GLOBAL CERAMIC COATINGS MARKET, BY END-USE INDUSTRY 22
1.1.4 GLOBAL CERAMIC COATINGS MARKET, BY REGION 23
2 MARKET INTRODUCTION
2.1 DEFINITION 24
2.2 SCOPE OF THE STUDY 24
2.3 MARKET STRUCTURE 25
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 26
3.2 PRIMARY RESEARCH 27
3.3 SECONDARY RESEARCH 28
3.4 ESTIMATING THE SIZE OF THE MARKET 28
3.5 TOP-DOWN AND BOTTOM-UP APPROACH 29
3.6 FORECAST MODEL 30
3.7 LIST OF ASSUMPTIONS 31
4 MARKET DYNAMICS
4.1 PRESENTATION 32
4.2 DRIVERS 32
4.2.1 USE OF CERAMIC COATINGS IN THE AUTOMOTIVE INDUSTRY 32
4.2.2 STRONG DEMAND IN THE AEROSPACE AND DEFENSE INDUSTRY 34
4.2.3 GROWING DEMAND FROM HEALTHCARE AND ENERGY AND POWER INDUSTRIES 34
4.3 CONSTRAINTS 36
4.3.1 DISADVANTAGES ASSOCIATED WITH CERAMIC COATINGS 36
4.4 OPPORTUNITIES 37
4.4.1 EMERGING MARKETS FOR CERAMIC COATINGS 37
4.5 CHALLENGE 38
4.5.1 AVAILABILITY OF SUBSTITUTES 38
5 ANALYSIS OF MARKET FACTORS
5.1 SUPPLY CHAIN ANALYSIS 39
5.1.1 RAW MATERIALS SUPPLIERS 39
5.1.2 MANUFACTURERS 40
5.1.3 DISTRIBUTION AND SALES CHANNEL 40
5.1.4 END-USE INDUSTRY 40
5.2 PORTER’S FIVE FORCES ANALYSIS 41
5.2.1 THREAT FROM NEW ENTRANTS 41
5.2.2 NEGOTIATION POWER OF SUPPLIERS 41
5.2.3 THREAT FROM SUBSTITUTES 42
5.2.4 NEGOTIATING POWER OF BUYERS 42
5.2.5 INTENSITY OF RIVALRY 42
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