Ceramic coatings are a type of protective coating that is applied to a surface, usually on a vehicle, to provide a layer of protection. The coating is applied as a liquid, and when it dries, it forms a hard, durable layer over the surface. Ceramic coatings provide a range of benefits, including protection from UV rays, acid rain, corrosion, dirt, and other contaminants. They also provide a glossy finish that helps to keep the vehicle looking new for longer. Ceramic coatings are highly durable and can last for years, making them a great option for protecting a vehicle’s exterior.
The report “Ceramic Coatings Market by Type (Oxide coatings, Carbide coatings, Nitride coatings, and others), by Technology (Thermal spray, PVD, CVD, and Others), by Application (Transportation & Automotive, Energy, Aerospace & Defense, Industrial goods, Healthcare, and Others) - Global Trends & Forecasts to 2020” defines and segments the global ceramic coatings market with an analysis and forecast for technology, types, and applications by consumption as well as value. The global ceramic coatings market is expected to grow at a CAGR of 7.50% from 2015 to 2020 to reach a value of $10.12 Billion by 2020.
Asia-Pacific dominated the ceramic coatings market in 2014 and accounted for over 40% of the market by value. The market for China was the biggest in Asia-Pacific in 2014 and is projected to grow at a CAGR of 8.48 in terms of consumption between 2015 and 2020. On the other hand, the rest of the world which includes the Middle East, Africa and, Latin and South America, is expected to witness the highest growth rate by 2020. The major applications of ceramic coatings are in the transportation & automotive, energy, aerospace & defense, industrial tools, and healthcare sectors.
Thermal spray held the largest market share by value for ceramic coatings in 2014 and accounted for 66.59% share by value. The highest growth rate till 2020 in the ceramic coatings market is projected to come from the other segment which includes coatings like diamond-like carbon coatings, anti-microbial coatings, phosphate coatings and so on. These are used in different industrial applications which are projected to continue to expand in the coming years. Oxide coatings dominate the ceramic coating market by type in terms of value and consumption.
With the interest of the market participants growing in ceramic coatings, the global ceramic coatings market is expected to register strong growth in the near future with expansions and new investments for ceramic coating plants. Largely, the ceramic coatings market is fragmented in nature with leading participants being APS Materials Inc., Bodycote PLC, Praxair Surface Technologies Inc., and Kurt J. Lesker Co.
