Ceramic Coatings Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, Germany, UK - Size and Forecast 2024-2028

Ceramic Coatings Market 2024-2028

The ceramic coatings market size is forecast to increase by USD 4.70 billion, at a CAGR of 7.8% between 2023 and 2028. The growth rate of the market depends on several factors such as the high demand for ceramic coatings in the automotive industry, increased demand from industrial gas turbine (IGT) manufacturers and a rise in demand for new commercial and defense aircraft. 

The report includes a comprehensive outlook on the ceramic coatings market offering forecasts for the industry segmented by Technology, which comprises thermal spray, physical vapor deposition (PVD), chemical vapor deposition (CVD), and others. Additionally, it categorizes Product into oxides, carbides, nitrides, and others and covers Region, including North America, APAC, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.

What will be the  Ceramic Coatings Market Size During the Forecast Period?

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Ceramic Coatings Market Definition 

Ceramic coating is a liquid polymer that is applied on the exterior front of components to protect against external paint damage. It is widely used in various industries like aerospace and defense, automotive, healthcare, and industrial sectors, among others.

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Ceramic Coatings Market: Key Drivers, Trends, Challenges

Key Ceramic Coatings Market Growth Analysis Driver

Increased demand from industrial gas turbine (IGT) manufacturers is notably driving the market growth. The increased demand from IGT manufacturers is expected to be one of the major driving forces for the market growth and trends of the market. IGT parts are constantly subjected to extreme mechanical loads at high temperatures, resulting in the reduction of their thermal efficiency and longevity. Thermal spray ceramic coating technology is used to prevent these components from resulting in corrosion and erosion by providing them with an overlay barrier coating. Additionally, the technology is used to provide components with thermal barrier protection, which helps them sustain their thermal efficiency at extreme temperatures.

Moreover, thermal barrier protection is necessary for IGT, as overlay coatings and component materials are unable to function efficiently at extreme temperatures. IGT is increasingly being used in aerospace, defense, automotive, transportation, and industrial industries for power generation. Thus, growing end-user industries and increasing usage of IGT in end-user industries are expected to increase the use of ceramic coating, which, in turn, is anticipated to drive the growth of the market during the forecast period.

Significant Ceramic Coatings Market Trends and Analysis

Increasing use of HVOF in aerospace and automotive industries is an emerging trend shaping the 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 coatings 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.

Moreover, 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 market during the forecast period.

Major Ceramic Coatings Market Challenge

Constraints regarding thermal spray ceramic coating durability are a significant challenge hindering the market growth. The lack of data about the durability and efficient working period of the thermal spray ceramic coating technology-based thermal barriers is one of the challenges encountered by manufacturers in the global ceramic coatings market in recent years. Consumers, especially the manufacturers of engines and engine components across the world, are reluctant to use thermal spray ceramic coating-based thermal protection because of the inability of the technology providers to produce data regarding the effect of thermomechanical fatigue on the longevity of the thermal spray ceramic coating.

Additionally, the inability of providers to simulate the effects of various mechanical factors acting during service conditions on these thermal spray ceramic coatings is displeasing consumers. Such factors may restrain the use of thermal spray ceramic coating in end users products, which may restrict the growth of the global ceramic coatings market during the forecast period.

Ceramic Coatings Market Segmentation by Technology, Product and Geography 

Ceramic Coatings Market Technology Analysis

The market share growth by the thermal spray segment will be significant during the forecast period. Thermal spray ceramic coating is mostly used for wear resistance, friction resistance, thermal protection, and corrosion resistance. The most commonly used materials are alumina, alumina-magnesia, silicon carbide, silicon nitride, and zirconia-based compositions. The global market for ceramic coatings is expanding owing to the high demand for thermally protected vehicle engines. 

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The thermal spray segment was the largest and was valued at USD 5.22 billion in 2018. Engine components, including combustion chambers, cylinders, valves, and pistons, are required to be protected with this type of coating. Thermally sprayed ceramic coatings are highly cost-effective and are generally used to increase product life and decrease maintenance costs. Wire arc, flame, and plasma are the three heat sources that are most commonly used for thermal spray ceramic coatings. The global market for ceramic coatings is expected to be driven by growth in the aerospace, marine, automotive, mining equipment, power generation, textile, orthopedics, petrochemicals, and pulp and paper industries. It is expected to gain from the increase in the number of innovations concerning the efficiency and overall cost of thermal spray ceramic coating technology-based products. Thereby propelling the growth of the thermal spray segment of the global ceramic coatings market during the forecast period.

Ceramic Coatings Market Product Analysis 

Based on the product, the market has been segmented into oxides, carbides, nitrides, and others. The oxides?segment will account for the largest share of this segment. Oxides are expected to dominate the global ceramic coatings market with the major share of the market due to their high availability and extensive application areas. Generally, metallic coatings go through oxidation during thermal spraying in the air. Products of oxidation are generally encapsulated within the coating. Most oxides are harder than the parent metal. High oxide coatings provide wear resistance. Oxides in coatings can be prone to corrosion, strength, and machinability properties. Growing demand for wash-proof coatings from the automotive and aerospace industries is expected to drive the oxides segment of the market during the forecast period.

Ceramic Coatings Market Region Analysis

APAC is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period.

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The ceramic coatings market in APAC is expected to grow owing to increased economic and industrial development in the emerging economies in the region, especially India and China. The market is also benefiting from the increase in awareness of the superior efficiency and cost advantages of the thermal spray ceramic coating technology and products over their conventionally coated counterparts. APAC has been experiencing significant growth in the aerospace and defense sector of the ceramic coatings market in recent years. This is attributed to various factors, such as increased air travel, rising consumer demand for comfortable travel experiences, and an increase in the number of aircraft manufacturing plants in the region. The continued expansion and modernization of the commercial aircraft fleet in APAC is expected to drive the demand for ceramic coatings during the forecast period. 

Key Ceramic Coatings Market Companies

Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.

3M Co: The company offers ceramic coatings such as 3M Ceramic Coating 39901 with maximum water beading effect.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including 3M Co., Akzo Nobel NV, Chemical Guys, Axalta Coating Systems Ltd., CARPRO Global Ltd., Element 119 LLC, Feynlab Inc., HydroSilex LLC, IGL Coatings Ltd., Innovative Chemicals Pte. Ltd., Kovalent Coatings, ONYX COATING GmbH, Optimum Polymer Technologies, PPG Industries Inc., Robert McKee Enterprises Inc., Rust Oleum Corp., The Sherwin Williams Co., ThermaCote, Turtle Wax Inc., and XPEL Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The ceramic coatings market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and market research and growth opportunities from 2018 to 2028. 

• Technology Outlook 
  • Thermal spray
  • Physical vapor deposition (PVD)
  • Chemical vapor deposition (CVD)
  • Others

• Product Outlook
  • Oxides
  • Carbides
  • Nitrides
  • Others

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • South America
    • Chile
    • Brazil
    • Argentina 
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

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What are the Key Data Covered in this Ceramic Coatings Market Report?

• CAGR of the market forecast during the forecast period
• Detailed information on factors that will drive the growth of the market  between 2024 and 2028
• Precise estimation of the market  size and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
• Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of ceramic coatings market companies

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