USD 10.57 Billion
Report ID:
SQMIG15A2225 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|Tables:
64
|Figures:
77
Ceramic Coating Market size was valued at USD 11.4 Billion in 2023 and is poised to grow from USD 12.3 Billion in 2024 to USD 22.61 Billion by 2032, growing at a CAGR of 7.90% during the forecast period (2025-2032).
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.
Global Market Size
USD 10.57 Billion
Largest Segment
Oxide
Fastest Growth
Oxide
Growth Rate
7.90% CAGR
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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 product, the market is segmented into transportation and automotive, energy, aerospace and defense, industrial goods, and healthcare. 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 7.9%. 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, annd 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.
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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.
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Ceramic Coating Market Drivers
Growing need for thermal barrier coatings
Rising environmental concerns and regulations
Ceramic Coating Market Restraints
Fragility and brittleness
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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
Aremco Products, 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
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 11.4 Billion |
Market size value in 2032 | USD 22.61 Billion |
Growth Rate | 7.90% |
Base year | 2024 |
Forecast period | 2025-2032 |
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 | ’s Company Profiles
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the 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 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.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Ceramic Coating Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 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.
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Report ID: SQMIG15A2225
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