Report ID: SQMIG15A2225
Report ID:
SQMIG15A2225 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|
Tables:
64 |
Figures:
77
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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Report ID: SQMIG15A2225