Ceramic Coatings Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Ceramic Coatings Market covers analysis by Type (Oxide Coatings, Carbide Coatings, Nitride Coatings, and Others), Technology (Thermal Spray, Physical Vapor Deposition, Chemical Vapor Deposition, and Others), Application (Transportation and Automotive, Energy, Aerospace and Defense, Healthcare, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00017380
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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The ceramic coatings market is expected to grow from US$ 9.82 billion in 2022 to more than US$ 13.95 billion by 2028; it is expected to grow at a CAGR of 6.0% from 2022 to 2031.

Ceramic coating is utilized in automotive, aerospace, and industrial components for various applications such as the protection of metal surfaces from chemicals, abrasion, heat, and other oxidative corrosion. Ceramic coating is primarily manufactured from silica and titanium dioxide, creating hydrophobic coating. The ceramic coatings provide protection from harmful UV rays and chemical stains. It also provides cleaning feasibility, a glossy finish, and protection against scratches. An eco-friendly Physical Vapor Deposition (PVD) is utilized in the healthcare sector to create medical ceramic coatings by coating equipment with titanium aluminum nitrate.

MARKET DYNAMICS

The growing demand for ceramic coatings is attributed to the increasing demand for industrial components in different countries. Ceramic coating is available in both solid and liquid forms. It is utilized in automobiles, clothing, and other industrial equipment applications. The demand for ceramic coating is projected to rise as it stimulates improved heat resistance and lower atmospheric emissions. Additionally, the sales of ceramic coating solutions are increasing as these coatings are being used to protect metal car components from abrasion and corrosion; it also acts as a thermal barrier. The rise in the aerospace & defense sectors is boosting the adoption of ceramic coating, as it is used for exterior and interior protection of aircraft and military air vessels. Hence, all these factors are driving the ceramic coatings market growth.

MARKET SCOPE

The "Global Ceramic Coatings Market Forecast to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the ceramic coatings market with detailed market segmentation. It provides key statistics on the performance of the leading ceramic coatings market players. It also offers key trends and opportunities in the ceramic coatings market.

Strategic Insights

MARKET SEGMENTATION

The global ceramic coatings market is segmented on the basis of type, technology, and application. Based on type, the ceramic coatings market is segmented into oxide coatings, carbide coatings, nitride coatings, and others. Based on technology, the ceramic coatings market is segmented into thermal spray, physical vapor deposition, chemical vapor deposition, and others. Based on application, the ceramic coatings market is categorized into transportation and automotive, energy, aerospace and defense, healthcare, and others.


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REGIONAL FRAMEWORK

The ceramic coatings market is segmented into five major regions North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. The report covers analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in the region.

Asia Pacific is expected to register the fastest growth in the ceramic coatings market during the forecast period. The market growth in the region can be attributed to the growth of the automotive industries, the presence of countries with growing military power, and growing demand for ceramic coatings. There is a high demand for ceramic coatings for automotive exterior shielding from UV rays, which is projected to support the market growth during the forecast period. Major players in the ceramic coating industry are experiencing the challenge of providing cost-effective products to improve their business capabilities. A few of the key players are expanding their presence in developing countries to meet rising product demand.

The below figure showcases the revenue growth trend in the ceramic coatings market:

ceramic coatings market

Source: The Insight Partners Analysis

The report analyzes factors, such as drivers, restraints, opportunities, and future trends, that are likely to impact the ceramic coatings market during the forecast period. It also provides exhaustive Porter's five forces analysis, highlighting the factors affecting the ceramic coatings market in these regions.

IMPACT OF COVID-19 PANDEMIC

The ceramic coatings market was mainly driven by the growing application of ceramic coatings and research and development activities associated with it. However, the onset of the COVID-19 pandemic affected several economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The aviation industry experienced severe disruptions due to the bans imposed by various countries on international travel, which, in turn, compelled enterprises to temporarily suspend their collaboration and partnership plans in the initial phases of the pandemic. The pandemic disrupted the supply chains, manufacturing, delivery schedules, and sales of industrial components. Further, various companies announced possible delays in product deliveries and a slump in future sales of their products. In 2020, the three main government-owned airlines China Southern Airlines, China Eastern Airlines, and Air China cancelled the delivery of more than 100 aircraft from Boeing and Airbus. Hence, the slowdown of operations in various end-use markets, such as industrial goods, aerospace, and aviation, decreased the demand for ceramic coatings during the pandemic.

In 2021, the marketplace witnessed growth as governments of various countries announced relaxation of several restrictions, including lockdowns. The manufacturers resumed their operations at full capacity, which helped them overcome the demand and supply gap. Many manufacturers expanded their production capacities to meet the rising demand for ceramic coatings. However, the rise in military operations for vaccine delivery and rapid increase in transport of vaccines after the introduction of vaccine globally led to boost in demand for ceramic coatings.

World Geography
Strategic Insights

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MARKET PLAYERS

The report highlights key organic and inorganic growth strategies in the ceramic coatings market. Organic growth strategies adopted by market players include product launches, product approvals, patents, and innovations. Inorganic growth strategies witnessed in the ceramic coatings market are acquisitions and partnership & collaborations. These activities have encouraged the expansion of business and customer bases of market players.

The report includes profiles of key companies in the ceramic coatings market, along with their SWOT analysis and market strategies. The company profile section of the report focuses on leading industry players with information such as company profiles, components and services offered, financial information for the last three years, and key development in the past five years. The list of a few companies engaged in the ceramic coatings market is mentioned below.

  • Keronite Group
  • Cetek Ceramic Technologies Ltd.
  • E.I. Du Pont De Nemours and Company
  • APS Materials, Inc.
  • Praxair Surface Technologies Inc.
  • Aremco Products Inc.
  • Nasiol Nano Coatings
  • Ultramet
  • Morgan Technical Ceramics
  • Saint-Gobain SA

The dedicated research and analysis team of The Insight Partners consists of experienced professionals with advanced statistical expertise. The company offers various customization options in the existing study.

Market Research

chemicals-and-materials
Research Criteria
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Technology, Application, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies

  • Keronite Group
  • Cetek Ceramic Technologies Ltd.
  • E.I. Du Pont De Nemours and Company
  • APS Materials, Inc.
  • Praxair Surface Technologies Inc.
  • Aremco Products Inc.
  • Nasiol Nano Coatings
  • Ultramet
  • Morgan Technical Ceramics
  • Saint-Gobain SA

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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