Ceramic Coating Market Growth, Size, Forecast, Top Companies Profiles, Market Research Report

The Global Ceramic Coating Market Size Accounted for USD 9,854 Million in 2021 and is predicted to be worth USD 18,641 Million by 2030, with a CAGR of 7.5% during the forthcoming period from 2022 to 2030.

The expanding automotive industry primarily manufactures automobile parts of the engine, as well as the aerospace and defense industries, which are expected to drive the ceramic coating market growth during the projected timeframe. Ceramic coatings are also widely employed in the automotive and manufacturing sectors because of their corrosion-resistant abilities and resilience to wear and temperature. Ceramic coatings are frequently used on the external surface of automobiles to provide a polished shine look while progressively replacing wax. The growing need for corrosion-resistant as well as high-temperature coating materials, as well as the thriving automotive industry, particularly in Europe and North America, will favorably greatly affect the ceramic coating market value. Additionally, the developing aviation industry and increased spending in the automobile industry, particularly in the United States and Asian countries, are boosting the ceramic coating market share.

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Global Ceramic Coating Market Regional Outlook

North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are the regional classification of the global ceramic coating market. Geographically, the Asia-Pacific region is estimated to hold a sizable share of the market throughout the projecting timeframe. This is mostly due to the region's strong utilization of such coatings in the aerospace, automotive, biomedical, as well as defense industries. Furthermore, major industry participants' increased efforts in Research & development activities for such coatings, as well as the development of existing product offerings and manufacturing capacities, are likely to aid in the development of the Asia-Pacific ceramic coatings market.

Global Ceramic Coating Market Dynamics

The rising consumption of ceramic coatings in the automobile, aviation, as well as healthcare industries, is the primary factor fueling the ceramic coatings market. Thermal spray treatments are used on rotating machines such as high-pressure turbine seals, oil seals, bearings, rotor-path linings, compressor seals, and commercial as well as defense aircraft structures and mechanical parts. Such coatings are often commonly used on automotive exhaust technology to reduce exhaust gas temperature and hence improve the performance of the engine. Besides that, applying ceramic coatings to internal combustion engines leads to a 3% increase in performance in vehicles. Additionally, such coatings have a lower thermal absorption rate, making them suited for use in heating systems to ensure that the temperature under the bonnet of the automobile is low. As a result of these benefits and expansion in the aerospace and automotive industries, the use of thermal sprays is likely to propel the development of the ceramic coatings market.

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Rising Demand for Ceramic Coatings in the Healthcare Sector Is Propelling the Market Forward

Ceramic coatings are being evaluated for key uses in the healthcare industry, including dental implants, orthopedic implants, and medical devices. Ceramic coatings can enhance the durability of implant materials, strengthen their attachment to adjacent tissue, as well as control medicinal chemicals. As a result, the growing healthcare industry is likely to drive up demand for coatings in the coming years.

Market Segmentation

The global ceramic coating market has been segmented by Acumen Research and Consulting based on product, technology, and application. By product, the segment is separated into oxide, nitride, carbide, and others. By technology, the industry is classified into thermal spray, chemical vapor deposition, physical vapor deposition, and others. By application, the segment is divided into industrial goods, transportation & automotive, aerospace & defense, healthcare, energy, and others.

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Ceramic Coating Market Players

Some of the prominent ceramic coating market companies are Bodycote, Dow DuPont Inc, Akzo Nobel N.V., Praxair Surface Technologies, Inc., APS Materials, Inc., Keronite Group Ltd., Element 119, Ultramet, Inc., Aremco Products, Inc., Cetek Cermaic Technologies Ltd., Saint-Gobain S.A., and NanoShine Ltd.

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This release was published on openPR.