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China Ceramic Coatings Market Growth, Opportunity, Size, Share and Forecast 2019-2025
China Ceramic Coatings Market
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The government of China launched Made in China 2025 initiatives for the manufacturing industry. This initiative aims to upgrade the industry from low-cost mass production to higher value-added advanced manufacturing. The initiative prioritizes 10 sectors including the automotive sector.
In April 2017 China announced, "Automobile Mid and Long-Term Development Plan" for further development of the automotive sector in the upcoming 10 years. In December 2016, the country has implemented a "Luxury Car Consumption Tax" of 10% on imported cars valued above $188,000. This significant focus on increasing automobile production presents an immense opportunity for China ceramic coatings market. Ceramic coatings are beneficial for automotive surfaces as it protects the car from corrosion, scratches, and provides gloss and longevity.
Some crucial players in the market include 3M Co., AkzoNobel N.V., BASF SE, and DuPont de Nemours, Inc. To survive in the market, the market players are adopting crucial strategies, such as product launches, geographical expansion, and partnerships and collaborations. This enables the company to increase its competitiveness and attract significant share in the market. For instance, in December 2019, BASF SE declared to double the production capacity of automotive refinish coatings site in Jiangmen, Guangdong Province in South China, by constructing a new facility for automotive refinish coatings at Jiangmen site, China. This expansion of capacity aims to meet the automobile customers' demand across the region.
A Full Report of China Ceramic Coatings Market is Available at https://www.omrglobal.com/industry-reports/china-ceramic-coatings-market
China Ceramic Coatings Market Segmentation
By Technology
o Chemical Vapor Deposition
o Physical Vapor Deposition
o Electrophoretic Deposition
o Thermal Spray
By Coating Type
o Oxide Coating
o Carbide Coating
o Nitride Coating
o Others (Carbon Coating and Anti-microbial Coating)
By End-User
o Healthcare
o Industrial Goods
o Steel Industry
o Chemical Industry
o Aerospace & Defense
o Automobile & Transportation
o Others
Company Profiles
o 3M
o AkzoNobel N.V.
o BASF SE
o Bodycote plc
o DuPont de Nemours, Inc.
o Keronite International Ltd.
o Kurt J. Lesker Company Ltd.
o Morgan Advanced Materials plc
o Praxair S.T. Technology, Inc.
o Saint Gobain S.A.
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