High performance ceramic coatings market

High Performance Ceramic Coatings Market, By Technology (Thermal Spray Coating, Physical Vapor Deposition (PVD), Chemical Vapor Deposition (CVD), Others), By End-User (Automotive, Aviation, Chemical Equipment, Medical and Healthcare, Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

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Aug 2020
CMI4133
120 Pages
Excel & Pdf
Advanced Materials

Summary

High-performance ceramic coatings are ceramic coatings that have a thin layer of ceramic which provide improved resistance to wear, corrosion, high-temperature over other conventional ceramic coatings. They are a type of advanced coatings due to enhance mechanical and physical properties.

The global high-performance ceramic coatings market is estimated to account for US$ 8, 463.2 Mn in terms of value and 1,483.9 Kilo Tons in terms of volume by the end of 2019.

Drivers:

Growing demand for the excellent thermal barrier in the aircraft engines is driving the market growth of the high-performance ceramic coatings. Aircraft engines are highly exposed to harsh temperature levels as well as the corrosive environment. High-performance ceramic coatings enhance the reliability and durability of aircraft engines. These coatings are applied to jet turbine blades in order to protect them from elevated temperature gases releasing from the combustion chamber and improve the engine efficiency.

Technological advancement in plasma sprayed coatings is expected to fuel the market growth of the high-performance ceramic coatings. These coatings are widely used in coatings in the advanced metals and oil & gas as high-performance ceramic coatings offer high resistance from corrosion and extremely high temperatures. Also, the growing demand for durable finished products is again anticipated to bolster the market growth.

Figure 1. Global High-Performance Ceramic Coating Market Share (%) in terms of Value, By Region, in 2019

Europe region dominated the global high-performance ceramic coating market in 2019, accounting for 34.3% share in terms of value.

Market Restraints

The high cost of the high-performance ceramic coatings is inhibiting the adoption of these coatings. Thus, the high cost is hindering the production of the high-performance ceramic coatings thereby hindering the market growth.

Lack of skilled labor for applying high-performance ceramic coatings is restricting the market growth. Also, technological issues associated with these coatings is further hampering market growth.

High-Performance Ceramic Coating Market Report Coverage

Report Coverage	Details
Base Year:	2019	Market Size in 2019:	US$ 8,463.2 Mn
Historical Data for:	2016 to 2019	Forecast Period:	2020 to 2027
Forecast Period 2020 to 2027 CAGR:	7.0%	2027 Value Projection:	US$ 14,536.7 Mn
Geographies covered:	North America: U.S., Canada Latin America: Brazil, Argentina, Mexico, Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East: GCC, Israel, and Rest of Middle East Africa: South Africa, North Africa, and Africa
Segments covered:	By Technology: Thermal Spray Coatings, Physical Vapor Deposition (PVD), Chemical Vapor Deposition (CVD) and Others. By End-User: Automotive, Aviation , Chemical Equipment, Medical & Healthcare and Others.
Companies covered:	A&A Company, Inc., APS Material, Inc., Aremco Products, Inc., Bodycote Plc., Cermanic Polymer GmbH, Oerlikon Metco, Praxair Surface Technologies Inc., Saint-Gobain S.A., Swain Tech Coatings, Inc., and Zircotec Ltd.
Growth Drivers:	Growing demand for the excellent thermal barrier in the aircraft engines Technological advancement in plasma sprayed coatings is expected to fuel the market growth of the market
Restraints & Challenges:	Lack of skilled labor for applying high-performance ceramic coatings is restricting the market growth The high cost of the high-performance ceramic coatings is inhibiting the adoption of these coatings.

Market Opportunities

Increasing use of high-performance ceramic coatings in the semiconductor industry for fabrication of wafer equipment is providing potential market opportunities. High demand for plasma spray thermal coatings from semiconductor and LCD manufacturing industries is projected to propel the market growth. These coatings enhance the performance, safety, and durability, thereby fueling the market growth of the high-performance ceramic coatings.

Increasing development of the nanoceramics is projected to bring profitable market opportunities in the near future. Nanoceramics are environmentally friendly surface treatment solutions and thus gaining huge demand. Moreover, it is one of the key technological advancements in the ceramic coatings industry. Furthermore, these coatings also improve insulating and corrosion resistance properties and are anticipated to sustain elevated temperatures of around 25000C.

Figure 2. Global High-Performance Ceramic Coating Market– Opportunity Analysis

Market Trends/Key Takeaways

Continuous product innovation by manufacturers is a growing trend in the market. For instance, in October 2018, BAF Industries, producer of the PRO® Product Line for the professional car care industry, launched the Synergy Ceramic Coatings. The Synergy is a semi-permanent, superhydrophobic nano-ceramic coating specifically designed for painted finishes. This high tech coating creates an extremely hard, slick, clear barrier of protection on painted finishes.

Chemical industry and machinery industries are an attractive market for high-performance ceramic coatings. Rise in vehicle production across the Latin America region coupled with the increasing investment in the chemical industries across the MENA region is again expected to propel the market growth. Rapid growth in the various machinery and manufacturing industries is again expected to propel the market growth of high-performance ceramic coatings over the forecast period.

Figure 3. Global High-performance ceramic coating Market Share (%) in terms of Value, By End-User, in 2019

On the basis of end-user in 2019, the automotive segment has accounted the largest market share of 28.2% in terms of value, followed by aviation and chemical equipment segment, respectively.

Global High-Performance Ceramic Coating Market - Impact of Coronavirus (Covid-19) Pandemic

Coronavirus (COVID-19) pandemic has impacted almost all the industries globally including automotive industry. The sales of automobiles is expected to decrease by 14-22% in countries such as U.S., Europe and China during the year 2020. Hence, decrease in the demand for automotive industry globally will hamper the high-performance ceramic coatings market till the year 2021.

Value Chain Analysis

Competitive Section:

Company Names

Table of Content

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- Frequently Asked Questions -

What will the market size be in 2027 and at what rate will it grow?

The market for high-performance ceramic coating is estimated to surpass US$ 14,536.7 million by 2027, exhibiting a CAGR of 7.0% between 2020 and 2027.

What are the major growth driving factors for the high-performance ceramic coating market during the forecast period?

What is the Compound Annual Growth Rate (CAGR) of the market during the forecast period (2020-2027)?

The high-performance ceramic coating market is expected to exhibit a CAGR of 7.0% during the forecast period (2020-2027).

Who are the prominent players in the global high-performance ceramic coating market?

Major players operating in the global high-performance ceramic coating market includes A&A Company, Inc., APS Material, Inc., Aremco Products, Inc., Bodycote Plc., Cermanic Polymer GmbH, Oerlikon Metco, Praxair Surface Technologies Inc., Saint-Gobain S.A., Swain Tech Coatings, Inc., and Zircotec Ltd.

High performance ceramic coatings market

High-Performance Ceramic Coating Market Report Coverage

Table of Contents

- Frequently Asked Questions -

What will the market size be in 2027 and at what rate will it grow?

What are the major growth driving factors for the high-performance ceramic coating market during the forecast period?

What is the Compound Annual Growth Rate (CAGR) of the market during the forecast period (2020-2027)?

Who are the prominent players in the global high-performance ceramic coating market?

What are the key factors hampering the growth of the market?

What are the global high-performance ceramic coating market trends?

Reliability and reputation

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