High Performance Ceramic Coatings Market: Snapshot

  • Rise in demand for environmentally acceptable surface treatments is projected to provide higher prospects for further expansion of the market for nano-ceramics. Demand for environmental protection and energy saving has been prompting researchers to develop lightweight materials for automotive and aerospace industries.
  • Major efforts are being taken to apply nano-ceramics on automotive reciprocation engines for the wear components, turbochargers, and a variety of diesel engine components such as gas turbines for regenerators, recuperates, and stationary elements.
  • According to the report, the global high performance ceramic coatings market was valued at US$ 8.2 Bn in 2018 and is estimated to reach US$ 14.7 Mn by 2027, expanding at a CAGR of 7.0% between 2019 and 2027.
global high performance ceramic coatings market

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What are Key Growth Drivers of Global High Performance Ceramic Coatings Market?

  • The efficiency of a common diesel engine is around 40%. Most of the fuel energy wastage is due to exhaust heat, which accounts for 60%. High performance ceramic coatings, due to their advanced properties control energy wastage and help improve the performance of the automobile.
  • High performance ceramic coatings provide higher advanced discharge mechanism. Similarly, the demand for superior thermally protective aircraft engines boost the consumption of high performance ceramic coatings. The chemical (plant machines) and medical (implants) sectors are also witnessing a rise in demand for high performance coatings.
  • Rise in demand for environmentally acceptable surface treatments is projected to provide higher prospects for further expansion of the market for nano-ceramics, thereby generating demand for high performance ceramic coatings.
  • Demand for environmental protection and energy saving has been prompting researchers to develop lightweight materials for automotive and aerospace industries.
  • Major efforts are being taken to apply nano-ceramics on automotive reciprocation engines for the wear components, turbochargers, and a variety of diesel engine components such as gas turbines for regenerators, recuperates, and stationary elements

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What are Key Challenges for Global High Performance Ceramic Coatings Market?

  • The high cost associated with manufacturing equipment and applications of high performance ceramic coatings have been major concerns over the last few years. The high cost is ascribed primarily to the formulations and technologies.
  • Moreover, the cost of ownership is higher as compared to other coating industries. Cost of machinery increases due to the frequent need for maintenance and repairs.
  • Coating formulations based on oxides and nitrides are relatively cheaper, as compared to the high performance ceramic coatings. Furthermore, density and adhesion of coatings to the substrate is another major issue in the industry.
  • Improper adhesion of ceramic coatings on substrate materials, equipment failures, breakdowns, and development of low conductivity thermal barrier coatings are some of the key restraints of the high performance coatings market

Lucrative Opportunities for Players in Global High Performance Ceramic Coatings Market

  • The key opportunities of high performance ceramic coatings include applications in the semiconductor industry and usage of nano-ceramic coatings. Usage of high performance ceramic coatings in the semiconductor industry is increasing due to the desirable combinations of electrical, mechanical, and physical properties associated with ceramic materials.
  • Thermal spray coatings, physical vapor deposition, and chemical vapor deposition are the commonly employed techniques for applying high performance ceramic coatings onto the substrates. Semiconductor and LCD manufacturing industries are witnessing a high demand for plasma spray thermal coatings.
  • High performance ceramic coatings are applied to improve performance, durability, and safety of treated manufacturing equipment parts and components.

North America to Dominate Global High Performance Ceramic Coatings Market

  • North America dominates the global high performance ceramic coatings market owing to the presence of active automotive and aerospace industries in the region with remarkable consumption of high performance ceramic coatings by the U.S.
  • Europe, being the automotive hub of the world, with significant contribution from Germany is also expected to have significant expansion of high performance ceramic coatings during the forecast period.
  • China is considered one of the highly productive country in terms of production of vehicles and due to which Asia Pacific region is also anticipated to have significant expansion in the high performance ceramic coatings market.
  • Asia Pacific region is considered attractive for the chemical industry and machinery application as well. The automotive industry in Latin America has been expanding significantly due to the rise in vehicle production with significant contribution from Mexico and Brazil.
  • Recent advancements in technology and progress made in the automotive and chemical sector in the Middle East & Africa are anticipated to drive the high performance ceramic coatings market in the region.

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Leading Players in Global High Performance Ceramic Coatings Market

  • Key players operating in the high performance ceramic coatings market include
    • Aremco Products, Inc
    • Ceramic Polymer GmbH
    • Saint Gobain SA
    • Bodycote Plc
    • Praxair Surface Technologies, Inc.
  • To have a strong base in the market these key players are adopting crucial strategies such as geographical expansions, product development, and partnership & collaborations. For instance, in 2017, BASF SE invested in their automotive coatings production plant in North America. This investment aims to add capacity to the manufacturing plants of the company in Greenville, Ohio, and Tultitlan, Mexico.

Global High Performance Ceramic Coatings Market: Overview

The latest study collated and published by Transparency Market Research (TMR) analyzes the historical and present-day scenario of the global high performance ceramic coatings market to gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating a landscape for growth of the global high performance ceramic coatings market. The study also identifies growth avenues for stakeholders. The report provides insightful information about how the global high performance ceramic coatings market is likely to expand during the forecast period of 2019 to 2027.

The report offers intricate dynamics about different aspects of the global high performance ceramic coatings market that aid companies operating in the market in making strategic decisions. TMR’s study also elaborates on significant changes that are highly anticipated to configure the growth of the automotive industry with respect to the global high performance ceramic coatings market during the forecast period. It also includes a key indicator assessment to highlight growth prospects of the global high performance ceramic coatings market and estimates statistics related to growth of the market in terms of volume (Kilo Tons) and value (US$ Mn).

This study covers a detailed segmentation of the global high performance ceramic coatings market, along with key information and a competition landscape. The report mentions company profiles of key players operating in the global high performance ceramic coatings market, wherein various developments and expansion, and winning strategies practiced and executed by leading players have been presented in detail.

Key Questions Answered in TMR’s Report on Global High Performance Ceramic Coatings Market

The report provides detailed information about the global high performance ceramic coatings market on the basis of comprehensive research on various factors that are playing a key role in accelerating the growth of the market. Information mentioned in the report answers path-breaking questions for companies that are currently operating in the market and are looking for innovative methods to create a unique benchmark in the global high performance ceramic coatings market that would help them design successful strategies and make target-driven decisions.

  • Which technology segment of the global high performance ceramic coatings market would emerge as a leading revenue generator during the forecast period?
  • What would be the Y-o-Y growth rate of the global high performance ceramic coatings market between 2018 and 2027?
  • What are winning imperatives of frontrunners in the global high performance ceramic coatings market?
  • Which end user segment is expected to generate maximum revenue in the global market for high performance ceramic coatings during the forecast period?

Research Methodology – Global High Performance Ceramic Coatings Market

The research methodology adopted by analysts for compiling the report on the global high performance ceramic coatings market is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the global high performance ceramic coatings market.

For primary research, analysts have interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global high performance ceramic coatings market.

For secondary research, analysts have scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global high performance ceramic coatings market.

Global High Performance Ceramic Coatings Market – Segmentation

TMR’s research study segments the global high performance ceramic coatings market in terms of end user, technology, and region. This report presents extensive market dynamics and growth trends associated with different segments and explains how they are influencing the growth of the global high performance ceramic coatings market.

End User

Automotive

Aviation

Chemical Equipment

Medical

Others

Technology

Thermal Spray

Physical Vapor Deposition (PVD)

Chemical Vapor Deposition (CVD)

Others

Region

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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High Performance Ceramic Coatings Market

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