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Ceramic Coating Market Forecast by Key Players: APS Materials, Praxair Surface Technologies, Bodycote PLC, and Keronite Group
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Ceramic Coating Market size is likely to witness significant gains due to its strong application outlook in transportation, aerospace & defence, energy, and healthcare industries. It has wide application scope in steel sector which includes refractory bricks, pumps, chimneys and bearings on account of its abrasion and anti-corrosion properties.
Ceramic coating is an inorganic material which is processed and used in a high temperature. This type of product is normally based on silica, titania, silicon carbide, alumina, alumina-magnesia, hafnia and silicon nitride compositions. Additionally, it provides excellent heat resistance, anti-corrosion and weathering efficiency which may promulgate ceramic coating market size.
Thermal spray ceramic coating market size may witness steady gains over the foreseeable period. It is widely used technology due to its high density and can be used in every material compositions. Global thermal spray coatings market size is poised to exceed USD 11.5 billion by 2024, with gains at over 6.5%. Rising demand for instrument life from health care and dental industries owing to increase in wear resistant property, may enhance product life and reduce maintenance requirement. Ceramics applied on thermal spray are mainly used for sliding wear, dielectric strength, thermal barriers and corrosion protection. It involves heating a material in wire or powder form to semi-molten to molten form.
Physical vapor deposition (PVD) technology may show a significant market share due to its cheaper cost and thermal efficiency. It is preferably used in automotive and aerospace industries owing to it less resistance capability in high temperature & surface pressure and low spraying velocity, which may further stimulate ceramic coating market growth. Global physical vapor deposition market size may surpass USD 35 billion in sales by 2024, with gains at over 8%. Technological advancement has led to rise in microelectronics demand, thereby driving the industry growth.
Oxide based ceramic coating market size may witness favourable gains owing to its strong application outlook in steel sector where it can be applied on chimneys, refractory bricks, pumps, bearings and guide bars. Furthermore, it is used on anodes and cathodes solid oxide fuel cells, biomedical implants, hydraulic cylinders, and calender rollers. Commonly used oxide coats include zirconium, chromium, and aluminum which offers corrosion protection, hardness, shock resistance, and wear resistance.
Carbide coats are expensive as compared to other counterparts due to it high processing and raw material cost may affect ceramic coating market price trend. It is extensively used in sports sector and in various applications including golf clubs, horse hooves and bicycles. Increasing carbide coats demand in oil & gas exploration in order to increase production cost and reduce exploration cost may drive ceramic coating market size.
Europe ceramic coating market size, driven by France, Italy, UK, Spain and Germany may witness a rapid pace of demand due to the presence of various manufacturing industries. Increasing vehicles demand along with rise in per capita disposable income may drive regional industry growth.
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Top key players:
Global ceramic coating market share is highly competitive and moderately consolidated. Major players operating in the industry include APS Materials, Praxair Surface Technologies, Bodycote PLC, and Keronite Group. Companies are focusing on R&D spending towards eco-friendly technology to expand business and create avenues in the ceramic coating industry.
Market share calculation in this report is not done based on companies covered in it. The calculation of ceramic coating market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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