Global High-performance Ceramic Coatings Market: Snapshot
High-performance ceramic coatings, or HPCC, are metal or ceramic substrates coated with thin ceramic layers that offer better resistance to wear, high temperatures, and corrosion than conventional ceramics. HPCC is an important part of the advanced ceramics industry for its highly advantageous physical and mechanical properties, including corrosion and erosion resistance against a wide spectrum of chemicals and across many applications. HPCCs can also sustain elevated temperatures nearing 15000C. Formulation materials include oxides, carbides, nitrides, alumina, yttria, and zirconium.
The global high-performance ceramic coatings market is currently being driven by the growing need for superior thermal protective materials for the manufacture of better aerospace and automotive industries components. Combustion chambers and common engine components can be coated with HPCC in order to sustain high temperatures. The market is also propelled by the increasing demand for advanced materials and coatings in the electronics industry, especially for the manufacture of silicon wafers and LCD panels. The inception and developments on nanoceramics are additionally regarded as a key factor likely to be driving the global high-performance ceramic coatings market over the coming years. However, high cost of high-performance ceramic coatings, lack of skilled labor, high cost of ownership and technology issues are likely to hamper market growth during the forecast period.
The global high-performance ceramic coatings market stood at US$5.68 bn in 2013. The market is likely to reach US$9.07 bn after expanding at a CAGR of 7.0% within a forecast period from 2014 to 2020.
APAC Demand for HPCC Could Surpass North America
In 2013, North America took up a leading demand of nearly 34% for in the global high-performance ceramic coatings market, followed by Europe. The high demand volume in North America is attributed to the swift growth in its industries of aviation and automotive, and the growing demand for HPCCs in them. Asia Pacific is likely to lead the global high-performance ceramic coatings market in terms of growth rate over the coming years, thanks to the booming automotive industry in countries such as China and India. The EMEA and Latin America regions are also likely to exhibit a stable growth in demand for high-performance ceramic coatings over the next few years.
PVD Offers Huge Growth Potential
Based on technologies, the global high-performance ceramic coatings market is primarily segmented into thermal spray coatings, chemical vapor deposition (CVD), physical vapor deposition (PVD), and sol-gel processing. Thermal spray coatings had taken the lead in the global high-performance ceramic coatings market for the past few years, CVD was in the second place, having taken up 16% of the market for 2013. CVD technology is likely to lose share over the forecast period due to increased demand for eco-friendly technologies, which conversely is giving a boot to physical vapor deposition (PVD) technologies. PVD is expected to lead the global high-performance ceramic coatings market in terms of growth rate, primarily due to its ability to utilize any type of coating material on various substrates. This segment is currently considered a lucrative technology by coating services providers and manufacturers.
Based on end users, automotive accounted for the leading demand volume for high-performance ceramic coatings in 2013, for the manufacture of advanced engine components and exhaust tailpipes used in motorsport and high-performance cars. The aviation industry accounted for the following demand for HPCC in 2013. Chemical equipment and medical & healthcare industries are other key end users for the market for far.
Companies such as APS Materials, Inc., Bodycote Plc, Ceramic Polymer GmbH, Praxair Surface Technologies Inc., Oerlikon Metco, Saint-Gobain S.A., and Zircotec Ltd. have been leading manufacturers in the global high-performance ceramic coatings market over the recent past
The report provides analysis and forecast for the high-performance ceramic coatings market on a global and regional level. The study provides the historical data of 2013 along with forecast from 2014 to 2020 based on volume (Kilo Tons) and revenue (USD Million). The study includes drivers and restraints for the high-performance ceramic coatings market along with their impact on demand during the forecast period. Additionally, the report includes an analysis of opportunities available in the high-performance ceramic coatings market on the global and regional level. Drivers, restraints and opportunities mentioned in the report are justified with the help of quantitative and qualitative data, which has been verified by primary and secondary resources.
We have included a detailed value chain analysis in order to provide a comprehensive view of the high-performance ceramic coatings market. Value chain analysis provides details such as integration in the market, distribution channels, applications and end-users for the market. An analysis of Porter’s five forces model for the high-performance ceramic coatings market has also been included to help understand the competitive landscape of the market. The study encompasses a market attractiveness analysis, wherein technologies in the market are benchmarked based on their market size, compounded annual growth rate (CAGR), general attractiveness and company market share.
The study provides a decisive view of the high-performance ceramic coatings market by segmenting it in terms of technology and end-user. Technologies and end-users have been analyzed based on present and future trends, and the CAGR for the market has been estimated between 2014 and 2020. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific and Rest of the World (RoW). The report also includes demand for individual technology and end-users across all the regions.
The report provides a detailed competitive outlook including company profiles of key participants operating in the global high-performance ceramic coatings market. Key players profiled in the report include A & A Company Inc., APS Materials Inc., Aremco Products Inc., Bodycote Plc, Ceramic Polymer GmbH, Oerlikon Metco, Praxair Surface Technologies Inc., Saint-Gobain S.A., Swain Tech Coatings Inc. and Zircotec Ltd. Company profiles include attributes such as company overview, product portfolio, financial overview, business strategy, and recent developments related to the market.
Inflation is not a part of pricing in this report. Prices of high-performance ceramic coatings and their copolymers vary in each region; hence, a similar volume-to-revenue ratio does not follow for each individual region. The same price for each application has been taken into account while estimating and forecasting market revenue on the global basis. Regional average price has been considered while breaking down this market by application segment in each region. We use models and estimates in order to produce comprehensive data sets when there is no hard data available. We have used the bottom-up approach to arrive at the global market considering individual application segments and integrating them to arrive at the global market. Applications have been further bifurcated using the top-down approach to derive the consumption of products in the regional market.
In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights and recognizing business opportunities.
The market has been segmented as below:
High-performance Ceramic Coatings Market - Technology Analysis
- Thermal spray coatings
- Physical Vapor Deposition (PVD)
- Chemical Vapor Deposition (CVD)
- Others (Including sol-gel processing, etc.)
High-performance Ceramic Coatings Market - End-user Analysis
- Chemical equipment
- Medical & healthcare
- Others (Including power generation, etc.)
High-performance Ceramic Coatings Market - Regional Analysis
- North America
- Asia Pacific
- Rest of the World