Ceramic Coating Market to Witness Robust Expansion by 2028
Stratview Research has recently published a report on the Ceramic Coating Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.
The market is segmented by Type (Oxide Coating, Carbide Coating, Nitride Coating, and Others), by Technology Type (Thermal Spray, Physical Vapor Deposition, Chemical Vapor Deposition, and Others), by Application Type (Transportation & Automotive, Energy, Aerospace & Defense, Industrial Goods, Healthcare, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Ceramic Coating Market Analysis:
Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Ceramic Coating Market was expected to grow from USD 10.09 billion in 2021 to reach USD 17.12 billion by 2028 at an impressive CAGR of 7.78% during the forecast period.
Some of the companies drive the market growth:
- Du Pont De Nemours & Company
- APS Materials, Inc.
- Cetek Ceramic Technologies Ltd.
- Praxair Surface Technologies, Inc.
- Bodycote PLC
- Nasiol Nano Coatings
- Aremco Products, Inc.
- Ultramet
- Keronite Group
- E.I. Morgan Technical Ceramics
- Kurt J. Lesker Co.
- Saint-Gobain S. A.
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Segment Analysis
By Application Type
The market is segmented as transportation & automotive, energy, aerospace & defence, industrial goods, healthcare, and others. The transportation & automotive segment is estimated to witness a significant growth rate on account of the growing product adoption in the automotive industry. Ceramic coatings are extensively used in the exterior and interior surfaces of vehicles.
Furthermore, the surging automotive production, especially in Asia-Pacific and Europe, is the major factor influencing the market. Ceramic coating is also employed in engine parts to improve heat shielding, reduce friction, and increase the wear resistance of automotive. Besides, it is widely used on car exteriors for protection against UV radiation.
Regional Analysis
Asia-Pacific dominated the global market in 2021 and is expected to maintain its indomitable lead during the assessment period as well. The region’s growth is owing to the increasing automotive production, especially in India and China, and the rising consumption of ceramic coatings in industrial goods.
Furthermore, the growing product adoption in the steel industry for components, such as chimneys, bearings and refractory pumps is likely to drive the overall market growth over the assessment period.
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
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