Ceramic Coating Market is expected to reach USD 19.19 billion by 2030

 Ceramic Coating Industry Overview

The global ceramic coating market size was valued at USD 9.75 billion in 2021 and is likely to expand at a compound annual growth rate (CAGR) of 7.8% from 2022 to 2030.

 

The ceramic coating promotes increased heat resistance coupled with fewer emissions to the atmosphere. These factors are likely to augment the market growth during the forecast period. Moreover, these products are gradually finding applications on metal parts in vehicles owing to their suitable properties of abrasion and corrosion resistance along with it being an excellent thermal barrier. Furthermore, the aerospace & defense industry is exhibiting a trend of increasing consumption of oxide and carbide coatings. These coats are used exclusively in rocket exhaust cones, insulating tiles, space shuttles, and engine components, and are embedded into the windshield glass of many airplanes.

 

Gather more insights about the market drivers, restrains and growth of the Global Ceramic Coating Market

 

The COVID-19 pandemic impacted various industries. There were substantial disruptions in their respective supply-chain operations and manufacturing due to precautionary lockdowns and other constraints imposed by governing authorities around the world. The global ceramic coatings market witnessed a slow down in its year-on-year growth rate due to the reduced demand from key industries such as automotive, aerospace, and others and unexpected shutdowns of manufacturing plants, and temporary halts in production units.

 

However, in line with the current trend, there is an increased consumption of these coats in energy, healthcare, pharmaceutical, and different niche applications. These niche applications also include surgical instruments, prosthetic limbs & hips, and personal hygiene products.

 

At present, the majority of the product demand is derived from heavy industries, such as steel, cement, and power manufacturing plants, but is also observing increased demand from the automotive industry. These coats are also gradually replacing wax in automotive polishes. In April 2021, with the all-new Safari, Tata Motors unveiled one of the industry's first ceramic coating services. This is a cutting-edge hydrophilic formulation technology for renewing the appearance of Tata vehicles.

 

Rising demand for these coats in the defense, aerospace, energy, healthcare, and other industries is expected to push participants in the value chain to offer turnkey services along with providing engineering solutions. The cost depends on the type of product, i.e. oxide, carbide, or nitride, and the surface of application. The process is very much energy-intensive and, thus, the overheads form a major part of the overall cost.

 

The market witnesses a dispersed regional supply-demand trend. The North American region is the hub of superior grade coats and is likely to continue being the major supplier of coating services & products. The Asia Pacific region during the forecasted period is expected to account for the highest demand share as few manufacturers are situated in this geographic.

 

Asia-Pacific’s share of ceramic coating production is exported mainly to eastern Europe. Countries like China and India manufacture ceramic epoxy coatings that align with the material norms in that region. The coating solutions for the Asian countries are usually imported from North America as the products manufactured in that region are suitable for complying with the humidity effect in the Asia Pacific.

 

Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports

  • S. Parking Deck Coatings Market: The U.S. parking deck coatings market was valued at USD 89.0 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 6.9% from 2023 to 2030. 
  • Powder Coating Equipment Market: The global powder coating equipment market size was estimated at USD 2,929.9 million in 2022 and is anticipated to grow at a compounded annual growth rate (CAGR) of 5.0% from 2023 to 2030. 

 

 

Key Companies Profile

Some of the prominent players in the global ceramic coating market include:

  • Bodycote
  • Praxair Surface Technologies, Inc.
  • Aremco Products, Inc.
  • APS Materials, Inc.
  • Cetek Cermaic Technologies Ltd.
  • Keronite Group Ltd.
  • Saint-Gobain S.A.
  • Element 119
  • NanoShine Ltd.
  • Ultramet, Inc.

 

Order a free sample PDF of Ceramic Coating Market Intelligence Study, published by Grand View Research.

 

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