Allied Market Research recently published a report,
titled, "High Performance Ceramic Coatings Market by
Product Type (Oxide Coating, Carbide Coating and Nitride Coating), Technology
(Thermal Spray, Physical Vapor Deposition, Chemical Vapor Deposition, and Other
Technologies), and End-Use Industry (Automotive, Aerospace & Defense,
General Industrial Tools & machinery, Healthcare, and Others): Global
Opportunity Analysis and Industry Forecast, 2019–2026". According
to the report, global high-performance ceramic coatings market was pegged
at $7.84 billion in 2018 and is
anticipated to garner $12.63 billion by
2026, registering a CAGR of 6.2% from 2019 to 2026.
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Rise in demand for automobiles, increasing aerospace
application, and surge in usage in medical devices are the major factors that
drive the growth of the global high-performance ceramic coatings market.
However, high cost of ceramic coating hampers the market growth. On the
contrary, rapid advancements in plasma spray coating are expected to create
lucrative opportunities in the near future.
Oxide coating segment held lion's share-
The oxide coating segment dominated the market in
2018, contributing to more than two-fifths of the market, owing to its
increased use in automotive industry and rise in disposable income as well as
the standard of living of consumers. However, the nitride coating segment is
anticipated to register the fastest CAGR of 6.5% through 2019–2026. The report
also includes analysis of the carbide coating segment.
Thermal spray dominated the market-
The thermal spray segment held the largest share in
2018, accounting for more than one-third of the market, as it provides
electrical insulation, lubricity, high or low friction, sacrificial wear,
chemical resistance and extends the life of new components. However, the
chemical vapor deposition segment is projected to portray the fastest CAGR of
6.5% from 2019 to 2025, as it is used in the semiconductor industry to produce
high quality, high-performance, solid materials.
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North
America region to manifest fastest CAGR -
The market across North
America is estimated to register the fastest CAGR of 6.5% during
the study period, owing to the presence of the largest automobile, aerospace,
and defense manufacturers. However, the market across Asia-Pacific region held the largest share in
2018, accounting for nearly half of the market, owing to rapid
industrialization across the region and ability of high-performance ceramic
coatings to prevent rust and oxidation of engine components, which has boosted
its demand in various industries. The report includes analysis across other
regions such as Europe and LAMEA.
Major market players-
The market report provides an in-depth analysis of the
key market players such as Aremco Products, Inc., Akzo Saint-Gobain, Praxair
Surface Technologies, Inc., Ceramic Polymer GmbH, Cetek Ceramic Technologies
Ltd., DowDuPont, Bodycote Plc, APS Materials Inc., Kurt J. Lesker Company Ltd.,
and A&A Coatings.
Access Full Summary @ https://www.alliedmarketresearch.com/high-performance-ceramic-coatings-market
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