High-Performance Ceramic Coatings Market: Current Analysis and Forecast (2022-2028)

Global High-Performance Ceramic Coatings Market is expected to grow at a significant rate of around 7% during the forecast period. High-Performance Ceramic Coating (HPCC) is defined as ceramic substrates coated with thin ceramic layers that provide enhanced resistance to high temperatures, wear, and corrosion than other conventional ceramics. In addition, HPCC is used in many industries due to its robust properties. The automotive industry is one of the largest consumers of high-performance ceramic coatings and these coatings are used to reduce friction and provide wear resistance to various automotive parts such as pistons, intake manifolds, headers, exhaust manifolds, and cylinders. Furthermore, HPCC is used to improve and provide anti-corrosion protection, headers, battery cases for electric vehicles, etc. Hence, the automotive industry is booming all over the world and this is expected to boost the growth of the HPCC market during the forecast period.

A&A Coatings, Aps Materials Inc., Aremco Products Inc., DuPont de Nemours Inc, A.W. Chesterton Company, Oerlikon Metco, Praxair Surface Technologies Inc., Saint-Gobain Coating Solutions, Kurt J. Lesker Company, and Zircotec Ltd. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst product type, Oxide high-performance ceramic coating category to witness higher CAGR during the forecast period"

Based on product type, the market is segmented into oxide coating, nitride coatings, and carbide coating. Oxide high-performance ceramic coating category to witness higher CAGR during the forecast period. This is due to the increasing use of steel, cast iron, aluminum, copper, and zinc alloys in the automotive, aerospace, and defense industries. In addition, it also has properties such as corrosion resistance and electrical insulation. Furthermore, these factors are expected to increase the demand for oxide coatings, benefiting industries around the world. However, the increasing investment by market players for research and development activities, as well as expanding production capacities and product portfolios, are expected to boost the growth of the market.

"Amongst technology, thermal spray to hold a significant share in the market in 2020"

On the basis of technology, the market is categorized into thermal spray, physical vapor deposition (PVD), chemical vapor deposition (CVD), and others. Among these, the thermal spray to hold a significant share in the market in 2020. This is mainly due to the wing's longer life and higher precision of finished products. Additionally, thermal spray coatings are applied to turbomachinery such as high-pressure turbine seals, rotor pass liners, bearings, compressor seals, airframes, oil seals, and engine components in commercial and defense aircraft. Hence, the rising production and exports of military aircraft and parts in developed and developing countries such as the U.S, U.K, France, China, and Russia are expected to increase the demand for thermal spray coatings, driving the growth of the high-performance ceramics coating market in the coming years.

"Amongst application, transportation & automotive to hold a significant share in the market in 2020"

Based on application, the high-performance ceramic coating market has been classified into transportation & automotive, energy & chemical equipment, aerospace & defense, industrial goods, healthcare, and others. The transportation & automotive category is to witness higher adoption of the high-performance ceramic coating market during the forecast period. This is mainly because it is applied to automobile engine parts to improve fuel efficiency. Its physical properties, such as high-temperature resistance, protect components from oxidation. Since, in many developing countries such as China and India, the demand for automobiles is increasing due to the increase in consumer disposable income and improvement in the living standards of the consumers. Hence, these factors are expected to boost the growth of the high-performance ceramic coating market.

"Asia-Pacific to hold a significant share in the market"

In 2020, Asia-Pacific is anticipated to grow at a substantial CAGR during the forecast period. This is mainly owing to the increased consumption of these coatings in the automotive, aerospace, defense, and healthcare industries. Many soaring production and investments in the end-user industries like automotive, electronics, aerospace, defense, and others are steering the demand for high-performance ceramic coatings in the region. In addition, the region is growing owing to rapid industrialization across the region and the ability of high-performance ceramic coatings to prevent rust and oxidation of engine components, which has boosted its demand in various industries which is escalating the market. Furthermore, increasing investments of major market players in research and development activities as well as expanding production capacities and product portfolios are expected to drive the growth of the Asia-Pacific market for high-performance ceramic coatings. However, Asia Pacific is expected to show rapid growth with a gradual increase in market share owing to the growth in automotive and energy industries in countries such as China, India, Japan, and Vietnam.

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The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

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The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

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