Positive Automotive Industry Outlook In Asia-Pacific To Drive Ceramic Coating Market By 2030

Ceramic Coating Industry Overview

The global ceramic coating market is expected to reach USD 19.19 billion by 2030, expanding at a compound annual growth rate (CAGR) of 7.8%, according to a new report by Grand View Research, Inc. This is due to the increasing utilization of automobile engine components and the aerospace & defense industry, which is projected to propel the market growth during the forecast period. Furthermore, ceramic coatings are being extensively used in the automobile and transportation industry, owing to their anti-corrosion properties and offering resistance to abrasion and heat. Ceramic coatings are also used for providing a finished polish look on the exterior body of cars slowly replacing wax.

Ceramic Coating Market Segmentation

Grand View Research has segmented the global ceramic coating market based on product, technology, application, and regional:

Based on the Product Insights, the market is segmented into Oxide, Carbide, Nitride and Others.

• The oxide segment accounted for 57.2% of the global revenue share in 2021. Oxides are cheaper in comparison to other coatings such as carbide and nitride. This type of coating is used in the steel industry, where it is applied to refractory bricks, chimneys, guide bars, pumps, and bearings.
• The carbide segment is expected to expand at a CAGR of 7.7% during the forecast period. Carbide coatings are expensive due to the high raw material and process costs.

Based on the Application Insights, the market is segmented into Transportation & Automotive, Energy, Aerospace & Defense, Industrial Goods, Healthcare and Others.

• Ceramic coatings are also sprayed on industrial goods, such as refractory bricks, chimneys, and iron rods. 
• Its properties of abrasion resistance and heat resistance, along with its added protective layer, will make it widely in demand in the steel and power generation industries in the near future.
• Product demand is expected to witness an exponential increase owing to its extensive utilization in the aerospace and defense industry.

Based on Technology Insights, the market is segmented into Thermal Spray, Physical Vapor Deposition, Chemical Vapor Deposition and Others.

• Thermal spray is the most popular means of deploying ceramic coatings on the surface. Thermal spray accounted for around 74% of the revenue share in the global market.
• Physical Vapor Deposition or PVD is also likely to demonstrate significant growth in this segment. The primary factor associated with the increase in consumption is its cheaper cost.

Ceramic Coating Regional Outlook

• North America
• Europe
• Asia Pacific
• CSA
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Key players are showing aggressiveness in establishing manufacturing plants in the Asia Pacific region as it is expected to emerge to be the epicenter of the demand. With moderate environmental laws coupled with a friendly business environment, ceramic coating capacities would see a rampant rise in this region.

Some prominent players in the Global Ceramic Coating market include:

• Bodycote
• Praxair Surface Technologies, Inc.
• Aremco Products, Inc.
• APS Materials, Inc.
• Cetek Cermaic Technologies Ltd.
• Keronite Group Ltd.
• Saint-Gobain S.A.
• Element 119
• NanoShine Ltd.
• Ultramet, Inc.

 Order a free sample PDF of the Ceramic Coating Market Intelligence Study, published by Grand View Research.