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Global Ceramic Coatings Market Insight December 29, 2021 Comments

The ceramic coatings is forecast to continue rising over the next four years. According to the World Knowledge Information (WKI) “Global Ceramic Coatings Professional Survey Report 2021, Forecast to 2026”, The main factors driving the growth of the studied market are the increase in aerospace thermal applications and the increase in the use of medical equipment. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 7.92% base on WKI regression analysis model.

Analysts’ Viewpoint:

“The focus of ceramic coatings cannot only be used as a protective coating.” said Selena, Senior analyst, Chemical & Material Market Research Center in WKI. “Industry participants of ceramic coatings must consider cost and thermal spray process reliability and consistency to adapt to the rapid development of the market.”

Market insight:

Aerospace and defense are the end-user industries with the most applications of thermal spray ceramic coatings. Ceramic coatings are the first choice because of their anti-corrosion and friction reduction properties. These are widely used as protective coatings to protect aircraft components and repair old parts. Various aircraft components, such as engines, rotors and other mechanical parts, require hard and wear-resistant coatings that can withstand high temperatures. Therefore, they use ceramic coatings, which increases the market demand for ceramic coatings. With the production of aircraft to deliver aircraft orders from the defense and aerospace industries, it is expected that the global demand for ceramic coatings will increase during the forecast period.

There are still some factors that market participants must consider.For example, factors such as the high cost of ceramic coatings, capital-intensive production settings, and thermal spray process reliability and consistency issues hinder the growth of the studied market.Thus, lower the cost will be one of the focuses of future ceramic coatings development.

Competition Landscape:

The ceramic coatings market is a moderately integrated market, with few participants occupying an important share of market demand. Some of the major players in the market include A&A Thermal Spray Coatings, APS Materials Inc., DuPont, Saint-Gobain,Praxair ST Technology Inc and others.

Segmentation of Ceramic Coatings Market:

According to the type, the ceramic coating market can be divided into carbide coatings, nitride coatings, oxide coatings and others. Among them, the oxide coating part occupies a major share of the market because it is widely used in steel and cast iron, as well as automobiles, aerospace, and so on. In addition, it also has the characteristics of corrosion resistance and electrical insulation. These factors are expected to jointly increase the demand for oxide coatings and are expected to promote the growth of ceramic coatings. According to the technical classification, the ceramic coating market can be divided into thermal spraying, physical vapor deposition, chemical vapor deposition, atmospheric spraying and others. The thermal spraying part occupies a major share in the market due to the long self-life and high precision of the finished product. In addition, thermal spray coatings are also applied to turbomachinery, such as high-pressure turbine seals, rotor path linings, bearings, compressor seals, airframes, oil seals, and engine components for commercial and defense aircraft. With the increase in the production and export of military aircraft and parts, the demand for thermal spray coatings has increased, which has promoted the market development of ceramic coatings.

Ceramic Coatings Market: Regional Analysis

In terms of geography, the global hand sanitizer market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The Asia-Pacific region is currently the main regional market for ceramic coatings. Due to the increasing investment and production of end-user industries such as aerospace and defense, electronics, and automobiles are driving the demand for ceramic coatings in the region, it is estimated that the Asia-Pacific region will also maintain a dominant position during the forecast period. China is the largest aircraft producer in the region and has invested heavily in R&D and innovation in the aerospace and defense fields. China also has the world’s largest industrial manufacturing base and is the world’s largest producer of automobiles and electronics. China must not only support domestic demand, but also cater to the needs of the international market. As a result, the global demand for electronic products, airplanes and automobiles continues to grow, driving the demand for ceramic coatings in the region.

 

Cagr: 7.92%
Largest share area:Asia-Pacific
Largest share country:China