Report ID: SQMIG15A2225
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.
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Report ID: SQMIG15A2225