Press release
Ceramic Coating Market Research Report 2018, Size Estimation, Growth Opportunity and Global Industry Trend to 2023
Ceramic Coating Market Slated to Capture 7.6% CAGR between 2018 and 2023
Akzo Nobel Chemicals Company is reportedly planning to sell its business to investors led by American private equity firm Carlyle Group for 10.1 billion Euros ($12.6 billion).
Rolls Royce has awarded Bodycote PLC, a 15-year contract to strengthen the metals used in former's civil aerospace engines. Worth more £160 mn, this deal covers thermal processing services such as hot isostatic pressing of engine blades for Rolls' Trent 700, Trent 900, Trent 1000, Trent 7000 and Trent XWB programmes.
Key Players
The key players in Global Ceramic Coating Market include Akzo Nobel Chemicals Company (Europe), APS Materials Inc. (USA), Aremco Products Inc. (USA), Bodycote PLC (USA), Ceramic Polymer GmbH (Germany), E.I. Du Pont De Nemours & Company (USA), MBI Coatings (USA), Oerlikon Surface Solutions AG (Switzerland), Praxair Surface Technologies Inc. (USA) and Saint-Gobain Coating Solutions (Europe).
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The market for Ceramic Coatings is rising due to its huge demand in aerospace & defense and automotive industries. These coatings add additional protection to vehicle’s exterior and help to retain the look that makes it appear as “brand new” with comparatively minimal maintenance. Such coatings make vehicles resilient in resisting dirt and easier to clean. A layer of ceramic coating also protects a vehicle’s paint from the sun’s ultraviolet rays and reduces the amount of oxidization. During rains, containments like grime and mud fail to bond with paint of a vehicle if it has a ceramic coating. Stains and containment can be removed with easy washing.
Apart from automotive industries, ceramic coatings are used in industries such as aerospace & defense, chemical industry, oil and gas exploration, plastics industry, steel industry and textile industry. Today, due to rapid technological advancement, Ceramic Coatings can be applied using a wide range of formulation such as dipping, micro-oxidation; ionic beam surface treatment, laser-assisted techniques, packed diffusion, physical vapor deposition (PVD), sol-gel and thermal spray chemical vapor deposition (CVD). In aerospace & defense industry, a wide range of new product development and expansions is expected to lead to a strong demand for ceramic coating in the near future.
Market Research Future (MRFR) has published a Research Report on Global Ceramic Coating Market that anticipates the growth of this market with 7.6% CAGR (Compound Annual Growth Rate) during the forecast period (2018-2023). During this period, Global Ceramic Coating Market is expected to garner significant revenues worth US $18.136 bn. By this report, the major segmentation of this market has been done based on end user, types, and region. By End User, the segmentation of Ceramic Coating Market covers aerospace & defense, automotive, chemical industry, oil and gas exploration, plastics industry, steel industry, textile industry and others. By Type, Ceramic Coating Market is segmented into alumina, alumina-magnesia, silica, silicon carbide and silicon nitride.
Regional segmentation of Global Ceramic Coating Market include Asia Pacific, Europe, Latin America, Middle East & Africa (MEA), North America and rest of the world (RoW). The Asia Pacific is the largest market of the Ceramic Coating due to high demand from various industries including automotive, oil and gas exploration, and textile industry. Countries generating maximum revenue for the market in this region are China, India, and Japan. Technological advancement also makes it possible to incorporate Ceramic Coatings. In North America - the second largest market for Ceramic Coating - maximum revenue comes from the United States of America (USA), Canada and Mexico. Holding the position of the third largest market for ceramic coatings, Europe witnesses maximum demand, supply, and revenue for this market in France, Germany, Italy, Netherlands and United Kingdom (UK). In the Latin America region, Brazil dominates the market for Ceramic Coatings. In the MEA region, the biggest market for Ceramic Coating includes Oman, Nigeria, South Africa, UAE, and Qatar.
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