Market Research Report
Global Ceramic Coatings Market 2022-2028
|Global Ceramic Coatings Market 2022-2028|
Published: April 23, 2022
Orion Market Research Pvt Ltd
Content info: 125 Pages
Delivery time: 2-3 business days
Global Ceramic Coatings
Market Size, Share & Trends Analysis Report by Technology (Chemical Vapor Deposition, Physical Vapor Deposition, Electrophoretic Deposition, and Thermal Spray), by Coating Type, (Oxide Coating, Carbide Coating, Nitride Coating, and Others), and by End-User Industry (Electrical & Electronics, Transportation, Medical, Defense & Security, Environmental, Chemical, and Others) Forecast Period (2022-2028).
The global advanced ceramics market is anticipated to grow at a considerable CAGR of 6.9% during the forecast period.The factor that drives the global advanced ceramics market is the increasing demand for a 5G base station. For instance, in September 2019, Kyocera Corporation and Ube Industries, Ltd. signed a joint venture agreement to develop ceramic filters for 5G base stations. By merging the filter design technology of Ube Electronics with Kyocera's global ceramic components manufacturing expertise and sales network. This venture has allowed the companies to meet the growing demand for these critical components, promoting the expansion of 5G technology.
The global ceramic coatings market is segmented based on technology, coating type, and end-user industry. Based on the technology, the market is segmented into (chemical vapor deposition, physical vapor deposition, electrophoretic deposition, and thermal spray. Based on the coating type, the market is sub-segmented into oxide coating, carbide coating, nitride coating, and others. Based on the end-user industry, the market is sub-segmented into electrical & electronics, transportation, medical, defense & security, environmental, chemical, and others. The above-mentioned segments can be customized as per the requirements. Among these, the thermal spray is anticipated to cater to a significant share in the global ceramic coatings market due to its advantages such as good corrosion & wear resistance and the ability to deposit significantly thicker coatings at higher deposition rates than conventional coating processes.
Geographically the global ceramic coatingsmarket is segmented into: North America, Europe, Asia Pacific, and the Rest of the World. The Asia-Pacific region is expected to hold a prominent share in the global ceramic coatings market due to the high demand for ceramics over metals and other plastic products will fuel the market growth in this region. Furthermore, several competitors are launching more innovative services as per market demand. For instance, in April 2021, Tata Motors launched one of the industry's first service offerings of Ceramic Coating, with the all-new Safari. This is a cutting-edge hydrophilic formulation technique for revitalizing the look of Tata automobiles. This service will be performed at all Tata Motors-approved dealerships for a fee of 28,500 (including GST) for UVs.
The major companies serving the global ceramicscoatings market include: 3M Co., AKZO NOBEL N.V., Bodycote plc, Praxair S.T. Technology, Inc., DuPont de Nemours, Inc., Saint-Gobain Ceramics, Aremco Products Inc., MBI Coatings, BASF SE, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers andacquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in July 2021, Morgan Advanced Materials became part of The Midlands Industrial Ceramics Group, which ensured $25.5 million in government funding delivered through UK Research and Innovation's flagship Strength in Places Fund (SIPF), to put Midlands, England on the map as a global center for advanced ceramics. The funds will be utilized to complete industrial and academic research and development programs over the next four years, forming a cluster of new businesses in the Midlands and strengthening the supply chain in the region.
The market study of the global ceramicscoatings market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
The report provides an in-depth analysis of the market size, andintended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.