The Growing Share of the Global Ceramic Coatings Market| MarketsandMarkets™
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.
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“Asia-Pacific is the key market for ceramic coatings.”
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, healthcare sectors.
“Oxide Coatings is the largest segment by type, and thermal spray dominates as the key technology in the ceramic coatings market.”
Thermal spray held the largest market share by value for the 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 others 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.
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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.
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