High Performance Ceramic Coating Market is predicted to thrive at a CAGR of 8.2% over the forecast period 2021-2030, and valued at over USD 15.82 billion by 2030

At an estimated value of over USD 7.38 billion in 2020, the Global High Performance Ceramic Coating (HPCC) Market is predicted to thrive at a CAGR of 8.2% over the forecast period 2021-2030, and valued at over USD 15.82 billion by 2030.

Ceramic coatings are composed of materials such as alumina-magnesia, silicon carbide, silicon nitride, chromium, alumina, silica, hafnia, zirconia, and titania. High performance ceramic coating is an excellent thermal barrier with ability to withstand temperature up to 5,000 degrees Fahrenheit. They not only provide thermal insulation, but increase durability, reduce friction, prevent thermal or acidic corrosion and improve the appearance of surfaces. Depending on the coating process like chemical vapor deposition (CVD), physical vapor deposition (PVD), thermal spraying, sol gel, plasma spraying dipping, micro-oxidation, ionic beam surface treatment, packed diffusion, or laser assisted techniques, its thickness can range from 50 nm to few micron meters. HPCC is majorly used in automotive and aviation industry to dissipate heat efficiently in the engine, around the engine compartment, and all through the exhaust system, among other areas. HPCC can raise the operating temperature of an engine significantly, increases operational efficiency, extends its service life, and thereby reduces fuel consumption.

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Competitive Landscape

Lucrative growth opportunities make the high-performance ceramic coating market extremely competitive. Some of the major players in the market A&A Thermal Spray Coatings, Inc., APS Material, Inc., Aremco Products, Inc, A.W. Chesterton Company, Bodycote Plc., DuPont de Nemours, Inc, Integrated Global Services, Inc., Kurt J. Lesker Company, Linde plc and Saint Gobain S.A. Strategic alliances, acquisitions and innovations along with R&D activities are key strategies used by the market players to maintain their dominance in the market. For instance, in November 2019, Praxair Surface Technologies and GE Aviation has opened a second facility in Singapore for their PG Technologies business. PG Technologies is a joint venture between Praxair Surface Technologies, Inc., a Linde company, and GE Aviation, and specializes in advanced coatings that enable jet engines to withstand higher temperatures and stresses.

Market Dynamics and Trends

In recent times, nanoscale ceramic coatings are gaining significant traction owing to their excellent thermo-mechanical properties. Industries, such as oil and gas, construction, aerospace, aviation, electrical, and automotive rely heavily on ceramic coatings to protect and increase efficiency of machineries, heavy as well as handheld equipment, vehicle parts, IC engines, motorcycles, farm equipment, aircraft engines and many others. There has been an increased demand for wash proof coatings that can also act as a thermal barrier, particularly in aerospace and automotive industries. Aircraft engines are exposed to corrosive environment as well as harsh temperature levels. Application of these coatings to jet turbine blades not only enhances the durability of aircraft engines by protecting them against elevated temperature gases releasing from the combustion chamber but also improves the engine efficiency. This surge in demand along with technological advancements in plasma sprayed coatings is expected to drive the market growth of the high-performance ceramic coatings globally. Also, the expansion of automotive industry, as well as its adoption in various other industries are among the other major factors expected to fuel the market growth. However, extreme brittleness makes them hard to repair which becomes important when de-bonding occurs as a result of expansion and shrinkage. Also these type of coating involves additional equipment, supplies and labor, pushing the overall budget to the north. These are few factors expected to hamper the market growth during the forecast period to some extent.

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Market Segmentations and Scope of the Study:

The high-performance ceramic coating market is segmented on the basis of product type, technology, end use industry and geography. On the basis of product type, the market is segmented into oxide coatings, carbide coatings and nitride coatings. On the basis of technology, the market is segmented into thermal spray, physical vapor deposition, chemical vapor deposition and other technologies. On the basis of end user industry, the market is segmented into automotive, aerospace and defense, general industrial tools & machinery, healthcare and others. Based on geography the market is segmented into North America, Europe, Asia Pacific and RoW.

Geographical Analysis

North America region currently holds the lion share of the market owing to large scale infrastructure development, technological advancements and increasing expenditure on defense equipment, fighter jets, and commercial aircrafts in this region.

However, Asia pacific is expected to show rapid growth with gradual increase in market share owing to the growth in automotive and energy industries in countries such as China, India, Japan and Vietnam.

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