The ceramic coating for thermal spray market share is expected to increase by USD 2.24 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 7.39%.
This ceramic coating for thermal spray market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers ceramic coating for thermal spray market segmentation by product (oxides, carbides, nitrides, and others), end-user (aerospace and defense, automotive, healthcare, energy generation, and others), and geography (North America, APAC, Europe, MEA, and South America). The ceramic coating for thermal spray market report also offers information on several market vendors, including A&A Coatings, APS Materials Inc., Bodycote Plc, Compagnie de Saint-Gobain SA, Curtiss-Wright Corp., Fujimi Inc., Lincotek Surface Solutions SPA, Linde Plc, Sulzer Ltd., and TST Coatings Inc. among others.
What will the Ceramic Coating For Thermal Spray Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Ceramic Coating for Thermal Spray Market Size for the Forecast Period and Other Important Statistics
Ceramic Coating For Thermal Spray Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The high demand for thermal spray ceramic coatings in the automotive industry is notably driving the ceramic coating for thermal spray market growth, although factors such as the growing preference for powder coating may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ceramic coating for the thermal spray industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Ceramic Coating For Thermal Spray Market Driver
The high demand for thermal spray ceramic coatings in the automotive industry is one of the key factors driving the growth of the global automotive cabin air quality sensor market. Thermal spray ceramic coatings play an important role in the automotive industry from the high-performance racing sector to domestic automobile production. Thermal spray ceramic coatings are used as barrier materials to improve the interaction between moving metal parts. Different vehicle parts such as cylinder heads, pistons, piston skirts, engine parts, exhaust manifolds, and intake manifolds are coated with ceramic materials, which provide better wear resistance, reduce friction, and increase heat-shielding capability. Thermal spray ceramic coating of cylinder heads and exhausts improves heat transfer efficiency. Pistons coated with ceramics improve heat reflection and increase fuel-burning efficiency, thereby enabling fuel ignition to be more effective. The growth in the automotive, railways and marine industries combined will propel the market for thermal spray ceramic coating during the forecast period.
Key Ceramic Coating For Thermal Spray Market Trend
The increasing use of HVOF in aerospace and automotive industries will fuel the global automotive cabin air quality sensor market growth. Owing to the ability to produce dense carbide-based ceramic coating without degeneration, the HVOF process is increasingly used to replace other processes in the aerospace and automotive segment in the global ceramic coating for the thermal spray market. As the HVOF process is carried out at lower temperatures in comparison with other thermal spray processes, it is ideal for providing thermal barriers to large industrial workpieces. With the efficiency of this process being dependent on the kinetic energy of the powder particles, instead of the temperature, it is cheaper and easier to use. Additionally, owing to the low life cycle cost and the use of titanium dioxide (titania), the fastest-growing product type in the market for the HVOF process, this trend is expected to have a major positive impact on the global ceramic coating for thermal spray market during the forecast period.
Key Ceramic Coating For Thermal Spray Market Challenge
The ongoing slowdown of the economy in China is a major challenge for the global automotive cabin air quality sensor market growth. Powder coatings are polymer resin-based systems combined with different other additives. These are durable and are widely used in automotive, appliances, architecture and building, and everyday products. Powder coatings are used to protect machinery parts, as well as household equipment, from moisture, chemicals, ultraviolet lights, and extreme weather conditions. Powder coatings offer one of the long-lasting and color-durable quality finishes available on any type of metal. Color selection availability is unlimited in powder coatings with flat, gloss, satin, high gloss, candy, metallic, clear, fluorescent, iridescent, wrinkle, hammer tone, and glitter finishes, which thermal spray ceramic coatings do not offer. Powder coatings are tough in nature; thus, they reduce the risk of scratches, abrasion, corrosion, fading, chipping, and wear issues. BMW and Volvo are using these coatings in their new model car parts. General Motors, Ford Motor, and Fiat Chrysler Automobiles have also formed consortia to test these coatings on their new products. Increased preference for powder coating might pose a threat to the ceramic coatings market during the forecast period.
This ceramic coating for thermal spray market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the global ceramic coating for thermal spray market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ceramic coating for thermal spray market during the forecast period.
Who are the Major Ceramic Coating For Thermal Spray Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- A&A Coatings
- APS Materials Inc.
- Bodycote Plc
- Compagnie de Saint-Gobain SA
- Curtiss-Wright Corp.
- Fujimi Inc.
- Lincotek Surface Solutions SPA
- Linde Plc
- Sulzer Ltd.
- TST Coatings Inc.
This statistical study of the ceramic coating for thermal spray market encompasses successful business strategies deployed by the key vendors. The ceramic coating for the thermal spray market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- A&A Coatings - The company offers ceramic coatings for thermal spray, which provides thermal and electrical insulation to the substrate.
To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The ceramic coating for thermal spray market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Ceramic Coating For Thermal Spray Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the ceramic coating for the thermal spray market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global specialty chemicals market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Service
- Support activities
- Innovation
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Ceramic Coating For Thermal Spray Market?
For more insights on the market share of various regions Request for a FREE sample now!
34% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for ceramic coating for thermal spray market in APAC. Market growth in this region will be faster than the growth of the market in regions.
The high demand for thermal spray ceramic coatings in the automotive industry will facilitate the ceramic coating for thermal spray market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The rising number of COVID-19 cases in APAC has hindered the growth of various production units across the region. Many auto companies across APAC halted production in countries such as India and China, owing to lockdowns. Companies such as Nissan, Honda Motor, PSA Peugeot Citroen, and Tesla postponed the production of new models in their new facilities. As the supply chain is greatly integrated, disruptions in any part of the supply chain can impact the regional market. In addition, Volkswagen and Nissan have started resuming partial production in manufacturing facilities and are still struggling to regain full capacity. Moreover, due to the vast population of the APAC region and unequally accessible health infrastructure, the sudden increase in COVID-19 cases has become alarming, which is expected to hinder the growth of the ceramic coating for the thermal spray market during the forecast period.
What are the Revenue-generating Product Segments in the Ceramic Coating For Thermal Spray Market?
To gain further insights on the market contribution of various segments Request for a FREE sample
The ceramic coating for thermal spray market share growth by the Oxides segment will be significant during the forecast period. The most commonly used oxide coatings are based on aluminum and chromium.
This report provides an accurate prediction of the contribution of all the segments to the growth of the ceramic coating for thermal spray market size and actionable market insights on post COVID-19 impact on each segment.
|
Ceramic Coating For Thermal Spray Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2020 |
|
Forecast period |
2021-2025 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 7.39% |
|
Market growth 2021-2025 |
$ 2.24 billion |
|
Market structure |
Fragmented |
|
YoY growth (%) |
4.47 |
|
Regional analysis |
North America, APAC, Europe, MEA, and South America |
|
Performing market contribution |
APAC at 34% |
|
Key consumer countries |
US, China, Germany, UK, and Japan |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
A&A Coatings, APS Materials Inc., Bodycote Plc, Compagnie de Saint-Gobain SA, Curtiss-Wright Corp., Fujimi Inc., Lincotek Surface Solutions SPA, Linde Plc, Sulzer Ltd., and TST Coatings Inc. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Ceramic Coating For Thermal Spray Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive ceramic coating for thermal spray market growth during the next five years
- Precise estimation of the ceramic coating for thermal spray market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the ceramic coating for the thermal spray market industry across North America, APAC, Europe, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of ceramic coating for thermal spray market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch