The ceramic coatings market is expected to grow from US$ 9.82 billion in 2022 to more than US$ 13.95 billion by 2031; it is expected to grow at a CAGR of 6.0% from 2022 to 2031.
Ceramic coating is utilized in automotive, aerospace, and industrial components for various applications such as the protection of metal surfaces from chemicals, abrasion, heat, and other oxidative corrosion. Ceramic coating is primarily manufactured from silica and titanium dioxide, creating hydrophobic coating. The ceramic coatings provide protection from harmful UV rays and chemical stains. It also provides cleaning feasibility, a glossy finish, and protection against scratches. An eco-friendly Physical Vapor Deposition (PVD) is utilized in the healthcare sector to create medical ceramic coatings by coating equipment with titanium aluminum nitrate.
MARKET DYNAMICS
The growing demand for ceramic coatings is attributed to the increasing demand for industrial components in different countries. Ceramic coating is available in both solid and liquid forms. It is utilized in automobiles, clothing, and other industrial equipment applications. The demand for ceramic coating is projected to rise as it stimulates improved heat resistance and lower atmospheric emissions. Additionally, the sales of ceramic coating solutions are increasing as these coatings are being used to protect metal car components from abrasion and corrosion; it also acts as a thermal barrier. The rise in the aerospace & defense sectors is boosting the adoption of ceramic coating, as it is used for exterior and interior protection of aircraft and military air vessels. Hence, all these factors are driving the ceramic coatings market growth.
MARKET SCOPE
The "Global Ceramic Coatings Market Forecast to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the ceramic coatings market with detailed market segmentation. It provides key statistics on the performance of the leading ceramic coatings market players. It also offers key trends and opportunities in the ceramic coatings market.
Strategic Insights
MARKET SEGMENTATION
The global ceramic coatings market is segmented on the basis of type, technology, and application. Based on type, the ceramic coatings market is segmented into oxide coatings, carbide coatings, nitride coatings, and others. Based on technology, the ceramic coatings market is segmented into thermal spray, physical vapor deposition, chemical vapor deposition, and others. Based on application, the ceramic coatings market is categorized into transportation and automotive, energy, aerospace and defense, healthcare, and others.
REGIONAL FRAMEWORK
The ceramic coatings market is segmented into five major regions North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. The report covers analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in the region.
Asia Pacific is expected to register the fastest growth in the ceramic coatings market during the forecast period. The market growth in the region can be attributed to the growth of the automotive industries, the presence of countries with growing military power, and growing demand for ceramic coatings. There is a high demand for ceramic coatings for automotive exterior shielding from UV rays, which is projected to support the market growth during the forecast period. Major players in the ceramic coating industry are experiencing the challenge of providing cost-effective products to improve their business capabilities. A few of the key players are expanding their presence in developing countries to meet rising product demand.
The below figure showcases the revenue growth trend in the ceramic coatings market:
Source: The Insight Partners Analysis
The report analyzes factors, such as drivers, restraints, opportunities, and future trends, that are likely to impact the ceramic coatings market during the forecast period. It also provides exhaustive Porter's five forces analysis, highlighting the factors affecting the ceramic coatings market in these regions.
IMPACT OF COVID-19 PANDEMIC
The ceramic coatings market was mainly driven by the growing application of ceramic coatings and research and development activities associated with it. However, the onset of the COVID-19 pandemic affected several economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The aviation industry experienced severe disruptions due to the bans imposed by various countries on international travel, which, in turn, compelled enterprises to temporarily suspend their collaboration and partnership plans in the initial phases of the pandemic. The pandemic disrupted the supply chains, manufacturing, delivery schedules, and sales of industrial components. Further, various companies announced possible delays in product deliveries and a slump in future sales of their products. In 2021, the three main government-owned airlines China Southern Airlines, China Eastern Airlines, and Air China cancelled the delivery of more than 100 aircraft from Boeing and Airbus. Hence, the slowdown of operations in various end-use markets, such as industrial goods, aerospace, and aviation, decreased the demand for ceramic coatings during the pandemic.
In 2021, the marketplace witnessed growth as governments of various countries announced relaxation of several restrictions, including lockdowns. The manufacturers resumed their operations at full capacity, which helped them overcome the demand and supply gap. Many manufacturers expanded their production capacities to meet the rising demand for ceramic coatings. However, the rise in military operations for vaccine delivery and rapid increase in transport of vaccines after the introduction of vaccine globally led to boost in demand for ceramic coatings.
Ceramic Coatings Market Report Analysis
CAGR (2023 - 2031)
US$ 10.41 Billion
US$ 16.59 Billion
Report Coverage
Key Players
Regional Overview
Market Segmentation
By Type
By Technology
By Application
The report highlights key organic and inorganic growth strategies in the ceramic coatings market. Organic growth strategies adopted by market players include product launches, product approvals, patents, and innovations. Inorganic growth strategies witnessed in the ceramic coatings market are acquisitions and partnership & collaborations. These activities have encouraged the expansion of business and customer bases of market players.
The report includes profiles of key companies in the ceramic coatings market, along with their SWOT analysis and market strategies. The company profile section of the report focuses on leading industry players with information such as company profiles, components and services offered, financial information for the last three years, and key development in the past five years. The list of a few companies engaged in the ceramic coatings market is mentioned below.
- Keronite Group
- Cetek Ceramic Technologies Ltd.
- E.I. Du Pont De Nemours and Company
- APS Materials, Inc.
- Praxair Surface Technologies Inc.
- Aremco Products Inc.
- Nasiol Nano Coatings
- Ultramet
- Morgan Technical Ceramics
- Saint-Gobain SA
The dedicated research and analysis team of The Insight Partners consists of experienced professionals with advanced statistical expertise. The company offers various customization options in the existing study.
Ceramic Coatings Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 10.41 Billion |
| Market Size by 2031 | US$ 16.59 Billion |
| Global CAGR (2023 - 2031) | 6.00% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Technology, Application, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
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The List of Companies
- Keronite Group
- Cetek Ceramic Technologies Ltd.
- E.I. Du Pont De Nemours and Company
- APS Materials, Inc.
- Praxair Surface Technologies Inc.
- Aremco Products Inc.
- Nasiol Nano Coatings
- Ultramet
- Morgan Technical Ceramics
- Saint-Gobain SA
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