The global ceramic coating market is expected to reach USD
13.1 billion by 2025, according to a new report by Grand View Research, Inc.
The market is expected to witness a CAGR of 7.2% over the forecast period,
owing to Increasing utilization in automobile engine components and the
aerospace & defense industry is projected to propel the market growth over
the next eight years.
Ceramic coatings are being extensively
used in the automobile and transportation industry owing to its anti-corrosion
properties and offering resistance to abrasion and heat. Ceramic coatings
are also used for providing a finished polish look on the exterior body of cars
slowly replacing wax.
With growing research and development
activities, ceramic coatings are venturing into wider application segments.
Currently, automobile and transportation are expected to be the largest
application for ceramic coatings. However, with further product innovations,
the ceramic coating is likely to have larger application share than its
counterparts such as PTFE or regular coatings.
Acquisition and joint ventures are an
integral part of this market and allow companies to expand their market
position and hold. Recent strategic initiatives signify that the end-use
companies are acquiring/merging with companies possessing technology and
patents for producing the ceramic coating to reduce the process cost and thus
the final product prices.
Browse full research report on Ceramic Coating Market:
Further key findings from the report suggest:
- The global ceramic coating market demand is expected to
exceed 46.3 million tons by 2025, growing at an estimated CAGR of 5.1%
from 2017 to 2025
- In the product segment, oxide accounts for the largest share
globally. The U.S. oxide segment was estimated to be around USD 1.37
billion in 2016
- Asia-Pacific was the largest consumer in 2016 in terms of
volume. It accounted for more than 40% of the global consumption in 2016
- China is anticipated to be the largest consumer in Asia
Pacific owing to presence of large number of industries coupled with
tightening environment norms
- The industrial components segment was the largest consumer in
Asia Pacific in 2016 while aerospace & defense generated the
substantial revenue in the U.S.
- The automobile & transportation sector is projected to
have the highest growth as major manufacturers are adopting ceramic
coatings on engine components to combat corrosion
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/ceramic-coatings-market/request/rs1
Grand View Research has segmented the global ceramic coating
market on the basis of product, technology, application, and region:
Ceramic Coating Product Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2025)
- Oxide
- Carbide
- Nitride
Ceramic Coating Technology Outlook (Volume, Kilo Tons; Revenue,
USD Million, 2014 - 2025)
- Thermal
Spray
- Physical
Vapor Deposition
- Chemical
Vapor Deposition
- Others
Ceramic Coating Application Outlook (Volume, Kilo Tons; Revenue,
USD Million, 2014 - 2025)
- Transportation
& Automotive
- Energy
- Aerospace
& Defense
- Industrial
Components
- Healthcare
- Others
Ceramic Coating Regional Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- France
- UK
- Asia-Pacific
- China
- India
- Japan
- MEA
- CSA
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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