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How will the Ceramic Coatings Market register profitable growth by 2026?

05-14-2021 08:32 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: global market insights

Ceramic Coating Market

Ceramic Coating Market

Global Market Insights, Inc., suggests that the ceramic coatings market may witness substantial growth between 2020-2026. Rise in the adoption of ceramic coatings across various sectors including energy, healthcare, aerospace & defense and automotive is expected to augment its ceramic coatings market size by 2026. Ceramic coatings are non-metallic, semi-permanent inorganic based protective clear coatings that are generally applied on a variety of surfaces. They are also known as glass coatings, nano coatings and are used for providing protection against weathering and for its easy-to-clean properties.

Driven by robust product demand and application across several sectors, ceramic coatings manufacturers are focusing on mergers & acquisitions and product portfolio expansion. For example, in 2020, provider of heat treatments and specialist thermal processing services, Bodycote announced the acquisition of Ellison Surface Technologies, creator of thermal spray and engineered coating surface technology services.

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Which industry is major driving the adoption of ceramic coatings?

Ceramic coatings are used across several sectors including industrial goods, healthcare, transportation & automotive, energy, and aerospace & defense. The transportation & automotive sector is one of the major end-users of ceramic coatings. In 2109, the end-user segment held for more than 38% of industry share and is likely to register a CAGR of above 8.3% over the coming years.

Which product form is witnessing robust demand?

Thermal spray, physical vapor deposition, chemical vapor deposition and others are the forms of ceramic coatings. In 2019, the thermal spray segment held around 58% of market share and is expected to witness significant growth over the forecast timeframe owing to rapidly surging product demand in the automotive sector.

Additionally, the PVD section could garner around 8.1% CAGR, while the chemical vapor deposition segment registered around 14% of market share in 2019. Others segment is estimated to record a 7.3% CAGR over the forecast period.

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How are product materials driving ceramic coatings market expansion?

Ceramic coatings are available in various materials, namely carbide coating, nitride coating, oxide coating and others. In 2019, the oxide coating segment held around 51% of market share owing to increasing application in the automotive and aerospace industries. In the same year, the carbide coating segment accounted for 20% of the business share and is projected to record a CAGR of over 7.7% in the upcoming years.

The nitride coating section is meanwhile anticipated to register a CAGR of around 7.4%, while the others segment held around 13% of overall industry share in 2019 and is likely to experience a substantial growth rate over 2026.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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