According to the report, global high-performance ceramic coatings market was pegged at $7.84 billion in 2018 and is anticipated to garner $12.63 billion by 2026, registering a CAGR of 6.2% from 2019 to 2026. Allied Market Research recently published a report, titled, "High Performance Ceramic Coatings Market by Product Type (Oxide Coating, Carbide Coating and Nitride Coating), Technology (Thermal Spray, Physical Vapor Deposition, Chemical Vapor Deposition, and Other Technologies), and End-Use Industry (Automotive, Aerospace & Defense, General Industrial Tools & machinery, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026".
Rise in demand for automobiles,
increasing aerospace application, and surge in usage in medical devices are the
major factors that drive the growth of the global high-performance ceramic
coatings market. However, high cost of ceramic coating hampers the market growth. On the contrary, rapid
advancements in plasma spray coating are expected to create lucrative
opportunities in the near future.
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Major market players-
The market report provides an
in-depth analysis of the key market
players such as Aremco Products,
Inc., Akzo Saint-Gobain, Praxair Surface Technologies, Inc., Ceramic Polymer
GmbH, Cetek Ceramic Technologies Ltd., DowDuPont, Bodycote Plc, APS Materials
Inc., Kurt J. Lesker Company Ltd., and A&A Coatings.
Oxide coating segment
held lion's share-
The oxide coating segment
dominated the market in 2018, contributing to more than two-fifths of the
market, owing to its increased use in automotive industry and rise in
disposable income as well as the standard of living of consumers. However, the
nitride coating segment is anticipated to register the fastest CAGR of 6.5%
through 2019–2026. The report also includes analysis of the carbide coating
segment.
Thermal spray dominated the market-
The thermal spray segment held
the largest share in 2018, accounting for more than one-third of the market, as
it provides electrical insulation, lubricity, high or low friction, sacrificial
wear, chemical resistance and extends the life of new components. However, the
chemical vapor deposition segment is projected to portray the fastest CAGR of 6.5% from 2019 to 2025,
as it is used in the semiconductor industry to produce high quality,
high-performance, solid materials.
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North
America region to manifest fastest CAGR -
The market across North
America is estimated to register the fastest CAGR of 6.5% during the study
period, owing to the presence of the largest automobile, aerospace, and defense
manufacturers. However, the market across Asia-Pacific region held
the largest share in 2018, accounting for nearly half of the market, owing to
rapid industrialization across the region and ability of high-performance
ceramic coatings to prevent rust and oxidation of engine components, which has
boosted its demand in various industries. The report includes analysis across
other regions such as Europe and LAMEA.
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