Ceramic Coatings Market

Ceramic Coatings Market Outlook (2022-2032)

The Ceramic Coatings market is estimated at US$ 7.4 Bn in 2022 and is projected to reach at a valuation of US$ 15.8 Bn by 2032, expanding at a CAGR of 8.2% during the forecasted period of 2022-2032.

According to the recent analysis by Fact.MR, a market research and competitive intelligence provider, Ceramic Coatings market witnessed a growth rate of 7.1% over the past half-decade. During 2022 – 2032, the market is projected to incline at a CAGR of 8.2%. The increased usage of Ceramic Coatings in automotive and the transportation sectors enables the market to grow from USD 6.8 Billion in 2021 and to reach USD 7.1 billion by 2032.

Report Attributes	Details
Global Ceramic Coatings Market Size (2021A)	US$ 6.8 Bn
Global Ceramic Coatings Market Size (2022E)	US$ 7.4 Bn
Global Market Forecast Value (2032F)	US$ 15.8 Bn
Global Market Growth Rate (2022-2032)	8.2% CAGR
Key Market players	Bodycote Praxair Surface Technologies, Inc. Aremco Products APS Materials Cetek Ceramic Technologies Ltd Keronite Group Ltd Saint-Gobain S.A. Element 119 NanoShine Ltd Ultramet

Sales Analysis of Ceramic Coatings (2017-2022) Vs. Market Forecast Outlook (2023-2033)

Ceramic coatings are made up of components like Silica, Silicon carbide, Alumina-magnesia, Alumina, Titania, and Silicon nitride. It is an inorganic substance which is made and well as applied at high temperatures. Ceramic Coatings have several benefits which includes reduced heat on high-temperature components, increased component lifetime, reduced friction, prevention from corrosion, and improved surface beauty.

Adding to these, it also possesses desirable properties such as resistance from heat, corrosion, and weathering, and all these properties boosts the demand for Ceramic Coatings in various industries.

During the forecast period, emerging product applications in the aerospace and healthcare industries are most likely to be the factors that provide new growth prospects to the industry. Ceramic Coatings are frequently utilized on car interior and exterior surfaces. The increasing manufacturing of automobiles, particularly in the Asia Pacific and Europe, is a key factor driving ceramic coatings demand.

Ceramic Coatings are also utilized to increase heat shielding, friction reduction, and wear resistance in engine components. At the same time, it is used for UV protection on the exterior of automobiles.

Increasing applications of Ceramic Coatings across different engine compartments, including as intake manifolds, pistons, and cylinder heads, are expected to drive market growth over the forecast period.

Throughout the forecast period, Ceramic Coatings applications in the aerospace and defense industry are expected to increase at a CAGR of 7.7%. Oxide and carbide coatings are also demanded heavily in engine components, space shuttles, rocket exhaust cones, and airplane windshield glass, boosting market development.

Ceramic Coatings Market Analysis (2017-2021) Vs. Market Outlook (2022-2032)

Ceramic Coatings penetration is expected to increase in developing nations such as India, China, Indonesia, and Brazil, boosting industry growth. Ceramic Coatings in vehicles are projected to become more popular as these nations' automotive industry expands.

Because of its strong anti-corrosion and abrasion qualities, Ceramic Coatings has a wide range of uses in the steel industry, including chimneys, refractory pumps, bearings, and bricks. Because of their qualities such as corrosion resistance, wear resistance, shock resistance, and hardness, oxide coatings are frequently employed.

Ceramic Coatings are used in a variety of industries, including transportation, energy, aerospace, and healthcare. The growing use of the Ceramic Coatings in the maritime sector will increase its demand. High product costs, on the other hand, may slow down industrial expansion.

Furthermore, the global market is expected to be restrained by a drop in automotive industry growth due to the COVID-19 pandemic. Nonetheless, technical breakthroughs like nano coating are projected to create new growth prospects for the sector.

Among the categories, the oxide coating category led the worldwide Ceramic Coatings market, with a forecasted value of USD 10.5 billion by 2032. When compared to other coatings like carbide and nitride, oxides are less expensive. These coatings are utilized on refractory bricks, chimneys, guide bars, pumps, and bearings in the steel industry.

Oxide and carbide coatings are also often used in mud rotors, pump sleeves, MWD equipment, and valve components in the oil and gas industry. Coatings on service components aid oil and gas exploration businesses in lowering exploration expenses and increasing production.

What is Driving the Global Market for Ceramic Coatings?

These coatings improve the efficiency of gas turbine engines, which helps them to operate at lower temperatures. Ceramic coatings allow aircraft engines to run at higher temperatures, resulting in improved performance. Because of its widespread use in the aerospace and defense industries, its demand is likely to skyrocket.

By 2032, the aerospace and military category is expected to account for 19% revenue share in the global market. The expanding aviation industry has boosted its uptake, particularly in markets such as China, Japan, and Europe. Furthermore, rising vehicle production in developing markets such as India, China, and Brazil is expected to boost ceramic coatings industry revenue.

In May 2020, the Green-SEAM Network, based at Concordia University in Canada, launched a campaign to promote antiviral metallic and ceramic coatings to inhibit the spread of the virus in such environments. As a result, increased research into the use of ceramic coatings as antiviral coatings to protect individuals, particularly frontline workers, against COVID-19 has aided industrial growth during the epidemic.

On the negative front, concerns regarding the availability of low-cost substitutes are expected to limit worldwide market growth throughout the projection period.

Region-Wise Analysis

How North America and Europe fare in Ceramic Coatings Demand?

More than half of the world's demand for ceramic coatings is met by Europe and North America combined. The region’s well-established car and aerospace sectors have aided in their attainment of this level of Ceramic Coatings use. The automotive and healthcare goods industries, on the other hand, are likely to drive future market expansion.

The ceramic coatings market in North America is expected to account for about 26% of the industry revenue by 2032. Its demand in the region is expected to be boosted by the developing aerospace sector in the United States. North America dominates the market, owing to rising demand for high-efficiency coatings and developing automotive industry in emerging markets such as the United States, Mexico, and Canada.

Over the projection period, the European market is expected to increase at a substantial rate, with a CAGR of over 7%. Increasing use in medical devices and growing aerospace thermal applications are likely to boost the regional market during the forecast period. The future growth of the market is projected to be aided by the development of new applications and spray methods.

Country-Wise Analysis

U.S. Market Analysis

The ceramic coatings market in the U.S. accounted for significant global demand. The market in the country has been growing due to the country’s rising expenditure in transportation & automotive, energy, aerospace & defense, industrial goods, and healthcare.

U.K. Market Analysis

Ceramic coatings market in the U.K. is expected to be valued at US$ 285.6 Bn by 2032. The market is projected to grow at a CAGR of 6.5% during 2022 – 2032. The surge in transportation activities in the U.K. is the core reason for the growth of ceramic coatings market in the country.

Japan Market Analysis

The ceramic coatings market in Japan is projected to reach a valuation of US$ 503 Mn by 2032, growing at a projected CAGR of 7.1% during 2022 – 2032. The Japanese market is mainly being driven due to the constant investment in infrastructure.

South Korea Market Analysis

The South Korean market is expected to reach a valuation of US$ 211 Mn by 2032. The market in the country is projected to grow at a CAGR of 6.9% during 2022 – 2032. The surge in the automotive and transportation sector, as an end-user is the core factor for the market growth in South Korea.

Category Wise Analysis

What is the expected demand for Thermal Spray Technology in the Forthcoming Years?

The thermal spray technology held 50% of the market in 2021 and is predicted to grow at a CAGR of 7.5% from 2021 to 2032, reaching US$ 11.4 billion. Thermal spray coating is becoming more popular due to its benefits, which include better corrosion and wear resistance as well as the capacity to deposit substantially thicker coatings at greater deposition rates than traditional coating techniques.

The thermal spray technology is used to apply ceramic coatings for thermal barriers, dielectric strength, corrosion prevention, and sliding wear. Since it can be used for practically any material composition and has a high density, this method of application is the most common among ceramic coatings manufacturers.

Physical vapor deposition is also expected to develop significantly because of its higher thermal efficiency and lower cost. On the other hand, the physical vapor deposition technique is less robust to high surface temperatures and pressures. Owing to these flaws it is unsuited for the aircraft industry.

Nano ceramic coatings are liquids that are applied to the surface of the paintwork to create a shiny, gleaming barrier. Nano ceramic coatings are also popular in the automobile and other end-use sectors due to their long-term durability, water resistance, and UV protection.

Nano-ceramic coatings are widely used in their paint for preservation, protection, and aesthetic enhancement of the car surface. Due to factors such as increased demand from the automotive and transportation industries, the worldwide nano ceramic coatings market has seen robust development in recent years.

Competition Landscape

A&A Coatings, Bodycote, Praxair Surface Technologies, Inc., Aremco Products, Inc., APS Materials, Inc., Cetek Ceramic Technologies Ltd., Keronite Group Ltd., Saint-Gobain S.A., Element 119, NanoShine Ltd., and Ultramet, Inc. are some of the prominent competitors in the ceramic coatings market.

Some of the key recent developments in ceramic coatings market include :

• Recently, A&A Coatings was awarded multiple large contracts for the ceramic coating of U.S. Navy Valve Balls ranging in waterway size from 8″ to 16″
• In August 2021, Keronite announced that it received IS0: 9001 and AS9100 (D) accredition
• In July 2020, Keronite announced that it would open US tech center to bolster its R&D capabilities in North America.

Similarly, more recent developments will be available in the full report on the ceramic coatings market.

Key Segments Covered in Ceramic Coatings Industry Survey

• By Product Type :

  • Oxide Ceramic Coating
  • Carbide Ceramic Coating
  • Nitride Ceramic Coating

• By Technology :

  • Thermal Spray
  • Physical Vapor Deposition
  • Chemical Vapor Deposition

• By Application :

  • Transportation & Automotive
  • Energy
  • Aerospace & defense
  • Industrial goods
  • Healthcare

• By Region :

  • North America 
  • Europe Ceramic
  • Asia Pacific 
  • Latin America 
  • Middle East & Africa