USD 10.57 Billion
Global Ceramic Coating Market Size, Share, Growth Analysis, By Product(Oxide, Carbide), By Technology(Thermal Spray, Physical Vapor Deposition) - Industry Forecast 2024-2031
Report ID:
SQMIG15A2225 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|
Tables:
64 |
Figures:
77
Global Ceramic Coating Market Insights
Global Ceramic Coating Market size was valued at USD 10.57 Billion in 2022 and is poised to grow from USD 11.41 Billion in 2023 to USD 20.95 Billion by 2031, at a CAGR of 7.90% during the forecast period (2024-2031).
Inorganic ceramics are used as coatings because they are processed to withstand high temperatures. The development of the automotive and transportation sectors is one factor in this increase. The industry is expected to grow rapidly in the coming years, as evidenced by the introduction of a sizable number of new products and company expansions over the last five years. There are numerous business sectors where ceramic coatings are used. Thermal spray, physical vapour deposition (PVD), chemical vapour deposition (CVD), and other cutting-edge technological procedures can all be used to achieve it.
Due to precautionary lockdowns and other restrictions put in place by governing authorities around the world, there were significant disruptions in their respective supply chains and manufacturing. Due to decreased demand from major industries like automotive, aerospace, and others as well as unexpected manufacturing plant closures and temporary production unit halts, the global market for ceramic coatings saw a slowdown in its year-over-year growth rate. There is a rise in the use of these coats in the energy, medical, pharmaceutical, and other specialised industries, keeping with the current trend. Along with surgical tools, prosthetic limbs and hips, and personal hygiene items are also included in this specialised application. When it comes to longevity and wear resistance, ceramic coatings exceed hard chrome layers, and they have successfully been applied in many different fields.
US Ceramic Coating Market is poised to grow at sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Oxide
Fastest Growth
Oxide
Growth Rate
7.90% CAGR
Global Ceramic Coating Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Ceramic Coating Market By Product ($ Bn)
Global Ceramic Coating Market By Product (%)
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Global Ceramic Coating Market Segmental Analysis
Global Ceramic Coating Market is segmented on the basis of product, technology and region. By product, the market is segmented into oxide, carbide, nitride. By technology, market is segmented into thermal spray, physical vapor deposition, chemical vapor deposition, others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Ceramic Coating Market Analysis by Product
In 2022, the oxide market sector was responsible for 57.2% of total revenue. Comparatively speaking, oxides are less expensive than other coatings like carbide and nitride. Refractory bricks, chimneys, guide bars, pumps, and bearings all receive this kind of coating in the steel industry. In this market, coating service components assist oil & gas exploration companies lower exploration expenses and boost production.
Throughout the projected period, the carbide market is anticipated to grow at a CAGR of 7.7%. Given the high costs of the raw materials and manufacturing processes, carbide coatings are pricey. With uses including horse hooves, golf clubs, and bicycles, carbon fiber coatings are slowly making their way into the sports business. The FUSION PLUS automobile ceramic coating's product line has expanded, according to XPEL, Inc. Unique materials developed to safeguard trim surfaces, plastic, upholstery, glass, and brake calipers are now part of the automobile ceramic coating line-up.
Ceramic Coating Market Analysis by Technology
Ceramic coatings are most frequently applied to surfaces via thermal spray. Around 74% of the market's income was generated by thermal spray. Due to its versatility and high density, this method of application is the preferred option among manufacturers of ceramic coatings. Ellison Surface Technologies was successfully acquired by Bodycote. The largest thermal spray services and engineered coating surface technologies in the world were developed as a result of this acquisition. In this market, PVD, also known as physical vapor deposition, is expected to rise significantly. The key contributing factor to the rise in consumption is its lower price.
The PVD segment is the fastest growing segment of the market, and is expected to grow at a CAGR of 8.5% from 2022 to 2028. This is due to the increasing demand for PVD coatings in the medical and electronics industries. PVD coatings are used to improve the performance of components in these industries, such as wear resistance, corrosion resistance, and biocompatibility.
Global Ceramic Coating Market By Product, 2023 (%)
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Global Ceramic Coating Market Regional Insights
With over 40% of global consumption, the Asia Pacific region dominated the market in 2022. Low prices are generally associated with inferior products rather than cheaper operating costs. The enormous demand in the area might be compared to consumption in developing countries like China, India, and Japan. Increased engineering component manufacturing in the region is anticipated to drive regional demand during the forecasted period. China, which is also a leading manufacturer of ceramic coatings, provides the majority of the region's supply. Japan currently accounts for around 25% of regional consumption, and it is expected to maintain its dominance for the duration of the forecast.
The North America region will be the fastest growing region in 2022. A little more than half of the world's essentials are provided by North America. Due to the region's well-established automotive and aerospace industries, ceramic coatings are used extensively. The automotive and healthcare goods sectors are predicted to be the main drivers of future market growth.
Global Ceramic Coating Market By Region, 2024-2031
- Largest
- Fastest
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Global Ceramic Coating Market Dynamics
Ceramic Coating Market Drivers
Growing need for thermal barrier coatings
- With the increasing need for efficient thermal management in industries like power generation, aerospace, and automotive, ceramics coatings play a crucial role as thermal barrier coatings. They provide insulation and protect against extreme temperatures, enabling enhanced energy efficiency and performance.
Rising environmental concerns and regulations
- Environmental regulations have become more stringent, driving the demand for eco-friendly coatings. Ceramics coatings are known for their low Volatile Organic Compound (VOC) content, non-toxic nature, and ability to withstand harsh environmental conditions. As a result, they are being increasingly adopted as an environmentally friendly alternative to traditional coatings.
Ceramic Coating Market Restraints
Fragility and brittleness
- Although ceramics coatings offer excellent thermal and chemical resistance, they can be relatively brittle compared to other coating materials. This makes them susceptible to cracking or chipping under mechanical stress or impact. The fragility of ceramics coatings may limit their application in industries where high mechanical durability is required.
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Global Ceramic Coating Market Competitive Landscape
The global ceramics coating market features a competitive landscape with the presence of several key players. These companies compete based on factors such as product innovation, technology advancements, pricing, and geographical reach. While the market consists of numerous players, below are some prominent companies operating in the ceramics coating market.
Ceramic Coating Market Top Player’s Company Profiles
- Saint-Gobain S.A. (France)
- Praxair Surface Technologies (Linde plc) (United States)
- Aremco Products, Inc. (United States)
- APS Materials, Inc. (United States)
- Morgan Advanced Materials (United Kingdom)
- Kurt J. Lesker Company (United States)
- Bodycote plc (United Kingdom)
- Ceramic Polymer GmbH (Germany)
- Oerlikon Metco (Switzerland)
- Akzo Nobel N.V. (Netherlands)
- Keronite Group Ltd. (United Kingdom)
- Zircotec Ltd. (United Kingdom)
- Sika AG (Switzerland)
- Carbodeon Ltd. Oy (Finland)
- Sermatech International Inc. (United States)
- Cetek Ceramic Technologies (United States)
- Innovnano - Advanced Materials S.A. (Portugal)
- Swain Tech Coatings Ltd. (United Kingdom)
- Plasma Coatings Limited (United Kingdom)
- Hi-Temp Coatings Technology Co. (United States)
- Hauzer Techno Coating B.V. (Netherlands)
- Seco/Warwick Group (Poland)
Ceramic Coating Market Recent Developments
- In March 2023, Cerakote announced the launch of its new ceramic coating, Cerakote Xtreme. Cerakote Xtreme is a high-performance coating that is designed to provide superior protection against wear, corrosion, and heat.
- In February 2023, Nanogate announced the acquisition of Surpass Coatings. Surpass Coatings is a leading provider of ceramic coatings for the aerospace and automotive industries.
- In January 2023, Thermal Spray Technologies announced the launch of its new thermal spray coating, T-COAT 910. T-COAT 910 is a high-performance coating that is designed to provide superior wear resistance and corrosion protection.
Global Ceramic Coating Key Market Trends
- Emergence of smart coatings : The development of smart coatings is gaining momentum in various industries. Smart ceramics coatings can exhibit functionalities such as self-cleaning, anti-fouling, anti-microbial, and self-healing properties. These coatings have the ability to respond to external stimuli and adapt to changing environmental conditions. The demand for smart ceramics coatings is expected to grow as industries seek advanced and multifunctional solutions.
Global Ceramic Coating Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global ceramics coating market is experiencing steady growth and is expected to continue expanding in the coming years. Ceramics coatings find applications in various industries, including automotive, aerospace, healthcare, energy, electronics, and construction, among others. The market is driven by several factors such as increasing demand for high-performance coatings, technological advancements, and the need for eco-friendly solutions. One of the key drivers of the ceramics coating market is the rising demand from end-use industries. Industries such as automotive and aerospace require coatings that provide thermal resistance, corrosion protection, and improved durability, driving the adoption of ceramics coatings. Additionally, the increasing focus on thermal management, energy efficiency, and surface protection further fuels the demand for ceramics coatings.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 10.57 Billion |
| Market size value in 2031 | USD 20.95 Billion |
| Growth Rate | 7.90% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Ceramic Coating Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Ceramic Coating Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Ceramic Coating Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Ceramic Coating Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Ceramic Coating Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Ceramic Coating Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Ceramic Coating Market Report Snapshots
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