Nano Ceramic Coatings Market

Nano Ceramic Coatings Market Outlook (2022-2032)

The global Nano ceramic coatings market valued at USD 10.51 Billion in the year 2022. The market is anticipated to reach a value of USD 22.27 Billion by end of 2032. Moreover, the market is growing with a CAGR of 7.8% in the forecast duration.

They use nano-ceramic coatings in their paint extensively for preservation, protection, and enhancement in appearance over the automotive surface. The global nano ceramic coatings market is wide with a large number of market participants as there is a huge demand for nano ceramic coatings from automotive, aviation, and industrial goods applications among others.

Nano ceramic coatings are liquids that are applied to the paintwork in order to provide a glossy and shining barrier to the surface. Nano ceramic coatings are also highly preferred by automotive and other end-use industries for their long-lasting life, water resistance, and UV protection properties.

Report Attributes	Details
Nano Ceramic Coatings Market size (2022 A)	USD 10.51 Billion
Base Year for Estimation	2022
Forecast duration for this research	2022-2032
Forecasted Market value (2032 F)	USD 22.27 Billion
Global Market Growth rate (2022-2032 E)	CAGR of 7.8%
Key Companies Profiled	NASIOL NANO COATING Nanoformula s.c. Nanoshine LTD KCI Industrial Chemicals Nano Care Nanovere Technologies, LLC Forge Nano Tint World Nasiol APEX Automotive Companies, LLC Drexler Ceramic CTC Nanotechnology GmbH

Market dynamics: Nano Ceramic Coatings Market Dynamics

Drivers: Automotive and Transport industry

The global nano ceramic coatings market has witnessed healthy growth in past years and is expected to grow further in the future because of factors such as increasing demand from the automotive and transport industry. The production of automobiles has increased drastically across the geographies.

Automotive is one of the major applications of the nano-ceramic coatings market that consumes a significant share of nano-ceramic coatings. Hence, the development of the automotive industry has created a considerable demand for nano ceramic coatings, and as a consequence, it is driving the growth of the global nano ceramic coatings market.

Furthermore, developments and advancements in the technology of the global nano ceramic coatings market have resulted in product development and market expansion. Hence, this factor is also responsible for driving the growth of the nano-ceramic coatings market significantly.

Restraints: Penetration of alternatives

There are factors that can potentially restrain the growth of the global nanoceramics market. For instance, the availability of alternatives to nanoceramic coatings can potentially hamper the sales of nanoceramic coatings. One of the major alternatives to nano ceramic coatings is paint protection film, also known as PPF. Paint protection films can protect the paint from scratches and chips that cannot be protected by nanoceramic coatings. But the additional advantages offered by nano ceramic coatings, such as protection from harmful UV rays, can still attract a higher number of customers and hence overcome this restraint to growth offered by the paint protection films.

The pandemic of Covid-19 has affected the supply chain of almost all industries. These disruptions have led to the demand and supply gap widening. The restrictions imposed by the government made nano ceramic markets across the world notice slowdowns owing to reduced demand.

Trends: Glass coatings

The global nano ceramic coatings manufacturers have adopted various marketing strategies in order to increase their product sales and generate higher revenues. For instance, some manufacturers offer nanoceramics coatings such as quartz or glass coatings that tend to attract a larger proportion of customers for them and hence, help them grow in the global nano ceramic coatings market.

At present, the majority of demand is driven by heavy industries such as power manufacturing and automotive. However, the present trend denotes increased consumption of coating products in steel and cement plans owing to different niche applications. Surgical equipment and personal hygiene products are also major applications for nanoceramic coatings.

Segment wise Insights

The share of the oxide products segment is dominating in all other products owing to 58% of the share in revenue for the year 2021. These are widely preferred for coating solutions owing to their cheap cost and abundant availability. This type of coating is majorly demanded in steel factories and applicable to pumps, bearings, and chimneys. After oxide, Carbide coats are widely used in oil and gas sectors for the protection of pump sleeves and valve components, leading to increase manufacturing capacity.

The carbide coating segment is projected to expand in the forecast period due to rising applicability in the bicycle sports industry. However, these coatings are more expensive than that oxide ones. The higher cost of these coatings is due to their complex processing and the high cost of raw materials.

Based on the end-user industry, the applications of nano-ceramic coatings varied in the automotive, aviation and industrial sectors. The automotive and aviation industry dominates the demand for nano ceramic coating solutions owing to a higher volume of coatings required in applications. Industrial usage is attributed to niche demands in terms of consumer goods and electronics segments. With rising concerns for the environment, people have started to spend on the long lives of materials. The coatings come in handy in order to protect materials and increase their performance throughout. Abrasion and heat resistance are key focused benefits targeted by heavy industries like the automotive and power sector.

Thermal sprays are popular technology used in the coating process. The segment accounted for more than two third share in the revenue share. The popularity of this method of applying to coat on a surface is contributed to its ability to be used in every material composition and higher density.

Physical vapor deposition is also anticipated to see growth in upcoming years due to its cheaper costs. The energy efficiency and cost are limitations for the physical vapor deposition method that declines its velocity. Coatings done using the physical vapor deposition method are less resistant and prone to erosion in high temperatures and tearing of the surface. These drawbacks associated with the physical vapor deposition make it unfitting for application in the heavy machine industry.

Recent developments

Corporations and states across the globe are paying attention to rising concerns about global warming and pollution levels. The governments in this regard have started to form regulations and create awareness of environmentally sustainable manufacturing. Guided by the need for sustainability, manufacturers across the globe shifted focus from synthetic to environmental products. The nano-ceramics coating industry is not an exception. This industry has a scattered share yet high competition. The local manufacturers in the nano-ceramics coating industry have higher power to bargain and take advantage of customer loyalty. At the same time, international players are trying mergers and acquisitions to increase their brand identity and geographical reach.

• Naisol recently developed a ZR53 ultimate nano ceramic coating solution for cars. The 10H surface protection formula in this product is forming a slick single layer that protects the car from scratches and harm caused by ice, mud, and sun rays. The product tends to offer dual benefits of crystal glass shine and guarding against scratches.
• NanoShine Group has developed Ceramic Pro technology which provides liquid coatings with higher shelf life and defensive properties availing hardness of up to 9H. This technique of coating is innovatively done by transforming liquid to solid and fragile converted to permanent making it a progressive coating technology.

Regional Segment Insights

As automotive is the major industry that consumes a prominent share of nano ceramic coatings, East Asia is expected to dominate the global nano ceramic coatings market. China is one of the leading countries in automotive production, and this factor consequently drives a major consumption of nano-ceramic coatings from East Asia.

Japan is also growing as a technology hub, likely to become a key region for the automotive sector in upcoming years. Japan is anticipated to become a major consumer of nano-ceramic coatings for the assessment period. The countries such as India and China are experiencing ceramic epoxy to align materials with regional standards. The Asian regions depend on North America for imports of coating materials.

The rest of the regions, such as South Asia, North America, Latin America, and Europe, are also expected to hold significant shares of nano-ceramic coatings consumption. The developed aerospace sector in these regions is anticipated to continue growing in the forecast period.

Nano Ceramic Coatings Market Segmentation

The global Nano Ceramic Coatings market can be segmented on the basis of type, application, technology, and region.

• On the basis of type, the global nano ceramic coatings market can be segmented as:

  • Carbide
  • Oxide
  • Nitride
  • Others

• On the basis of application, the global nano ceramic coatings market can be segmented as:

  • Aviation
  • Automotive and Transport
  • Industrial Goods
  • Others

• On the basis of technology, the global nano ceramic coatings market can be segmented as:

  • Thermal Spray
  • Chemical Vapour Deposition
  • Physical Vapour Deposition
  • Electrophoretic Deposition

• Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)