Global Ceramic Coatings Market – Growth, Trends, And Forecast (2020 – 2025)
The report presents an in-depth assessment of the Global Ceramic Coatings including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Ceramic Coatings investments from 2020 till 2025.
The ceramic coatings market is expected to grow at a CAGR of around 7.9% during the forecast period of 2019 – 2024.
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The Global Ceramic Coatings market is highly competitive and consists of a number of major players. Companies, like A&A Thermal Spray Coatings, APS Materials Inc., Aremco, Bodycote plc, Ceramic Pro, DuPont, Fosbel Inc., Keronite, Morgan Advanced Materials PLC, OC Oerlikon Corporation AG, Praxair S.T. Technology Inc., Saint-Gobain, Swain Tech Coatings Inc., Zircotec among others.
The major factors driving the growth of the market studied is the increasing demand from the automotive industry, rising aerospace thermal applications, and increasing usage in medical devices. On the flip side, high costs of ceramic coatings, capital intensive production setup, and issues regarding thermal spray process reliability & consistency are hampering the growth of the studied market.
– Aerospace & defense segment dominated the market in 2018 and is likely to grow during the forecast period, with the growing demand and production of commercial & military aircraft.
– The alternatives to cadmium and PTFE coatings and the development of new applications & spray processes are likely to provide opportunities for the studied market during the forecast period.
– Asia-Pacific dominated the market across the globe, where the demand is driven by the growing usage in the automotive industry, and high demand from aerospace, defense, medical, and electronic industries.
Key Market Trends:
Aerospace & Defense Segment to Dominate the Market Demand
– Aerospace & Defense is the largest application of thermal sprayed ceramic coatings. Ceramic coatings are being preferred, owing to their properties, such as corrosion protection and friction reduction.
– These are extensively used as protective coatings, in order to protect the aircraft components and repair the old ones. The various airplane components, like engines, rotors, and other mechanical parts, require hard & wear-resistant coatings that can withstand high temperatures, therefore, they use ceramic coatings.
– They are used for coating the aerospace turbine components, engine components, and actuation systems, in order to provide high thermal, wear, and corrosion resistance, and longevity.
– With growing security concerns and increasing commercial use of aircraft as a medium of conveyance, the demand for aircraft has been increasing across the globe. With this, various aircraft production orders have been lined up for delivery in the coming years.
– Hence, with the production of aircraft to deliver the aircraft orders from the defense as well as the aviation industry, the demand for ceramic coatings is projected to increase globally during the forecast period.
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The key insights of the Ceramic Coatings Market report:
The report provides key statistics on the market status of the Ceramic Coatings market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications, and manufacturing technology.
The Ceramic Coatings market report presents the company profile, product specifications, capacity, production value, and 2015-2020 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2020-2025 market development trends of the Ceramic Coatings Market.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
The report makes some important proposals for a new project in the Ceramic Coatings Industry before evaluating its feasibility.
Finally, the Ceramic Coatings Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure, and so on. Ceramic Coatings industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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