Press release
High Performance Ceramic Coatings Market Key Futuristic Trends and Opportunities 2030
Transparency Market Research delivers key insights on the global high performance ceramic coatings market. In terms of revenue, the global high performance ceramic coatings market is estimated to expand at a CAGR of ~7% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global high performance ceramic coatings market.
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The global high performance ceramic coatings market has been positively impacted by the rise in demand for these coatings in automobile and aviation industries across the globe. Thus, increase in demand for high performance ceramic coatings in automobile and aviation industries is propelling the global high performance ceramic coatings market.
High Performance Ceramic Coatings Market: Dynamics
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The demand for high performance ceramic coatings has been rising in automobile, aviation, and chemicals industries since the past few years, as these coatings provide protection to different engine parts, reduce friction, and help increase wear resistance. This is expected to boost the global high performance ceramic coatings market.
Investments in the global aerospace industry have been rising significantly since the past few years. For instance, in 2018, the aviation industry contributed US$ 151 Bn in export sales to the U.S. economy. The aviation industry in India is likely to achieve investment of US$ 4.99 Bn by 2023. Growth in production and export of military aircraft and components from countries such as the U.S., the U.K., France, China, and Russia are expected to boost the demand for thermal spray coatings. This trend is likely to fuel the demand for high performance ceramic coatings.
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High Performance Ceramic Coatings Market: Prominent Regions
In terms of value, North America is a lucrative region of the global high performance ceramic coatings market. The region accounted for a major share of the global high performance ceramic coatings market in 2019. It is projected to be a highly lucrative market during the forecast period, due to rapid increase in investment in automotive and aviation industries in the region. In 2018, automakers such as FCA, Ford, GM, Hyundai, Nissan, Toyota, and Volkswagen invested more than US$ 4 Bn in capacity expansion and R&D. This trend is expected to continue due to the high demand for passenger cars. The U.S. dominated the high performance ceramic coatings market in North America in 2019. It is anticipated to continue its dominance during the forecast period. This can be ascribed to the growth of automotive and aerospace industries in the country.
Asia Pacific held a key share of the global high performance ceramic coatings market in 2019. Asia Pacific is an attractive region of the global high performance ceramic coatings market due to rapid industrialization and urbanization. Industrialization has led to significant rise in FDI in countries such as China, India, Japan, and South Korea. Furthermore, new vehicle sales in Asia Pacific stood at 35.96 million in 2019; of this, 21.44 million were sold in China. Thus, China is a major hub for automotive products, wherein high performance ceramic coated products are used. This is estimated to drive the high performance ceramic coatings market in the country during the forecast period.
Europe is another key region of the global high performance ceramic coatings market. Europe is the leading region in terms of the aerospace & defense industry. In 2018, the industry's turnover stood at US$ 293 Bn. Furthermore, Europe was the leading exporter of aerospace and defense equipment in 2018. The revenue generated from exports stood at US$ 175 Bn in 2018. The expansion of the aerospace industry in Europe is projected to boost the high performance ceramic coatings market in the region in the near future.
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High Performance Ceramic Coatings Market: Key Players
Key players operating in the global high performance ceramic coatings market are Aremco Products, Inc, Ceramic Polymer GmbH, Saint Gobain SA, Bodycote Plc, Praxair Surface Technologies, Inc., A&A Company, Inc, and Zircotec.
Global High Performance Ceramic Coatings Market: Segmentation
High Performance Ceramic Coatings Market, by Technology
Thermal Spray
Physical Vapor Deposition
Chemical Vapor Deposition
Others (including SHS Reactive Arc Spray, Hard Facing, and Magnetron Sputtering)
High Performance Ceramic Coatings Market, by End User
Automotive
Aviation
Chemical Equipment
Medical
Others (including Defense, General Industrial Tools & Machinery, Oil & Gas, and Energy)
High Performance Ceramic Coatings Market, by Region
North America
U.S.
Canada
Europe
U.K.
Italy
France
Germany
Russia & CIS
Rest of Europe
Asia Pacific
Japan
China
India
ASEAN
Rest of Asia Pacific
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East & Africa
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About Us
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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