According to Researcher, the global Ceramic Coatings market is expected to witness a significant growth rate during the forecast period having a CAGR of around 7.3%. The aerospace and defense industry is likely going to drive the ceramic coatings market. The coats are used on rocket exhaust cones, space shuttles, engine components. But in recent years, it is also being used in the energy and healthcare sector. However, the ceramic coatings are generally costly which can serve as a restraint to the market.
In terms of technology, thermal spray is the widely used method to deploy ceramic coatings because it can be used on almost any surface and has high density. But the Physical Vapour Deposition (PVD) method is comparatively cheaper which serves as an opportunity for this segment to grow in the coming years. However, the coatings applied via the PVD method have less resistance to temperatures and pressure due to which they are not much preferred in aerospace applications.
The Asia-Pacific region dominates the global ceramic coatings market in terms of consumption. This is due to the enormous demand by India, China, and Japan for various end-use industries like industrial and aerospace. Europe and North America combined consume almost half of the ceramic coatings owing to their well-developed automobile and aerospace industries.
The global Ceramic Coatings market is partially consolidated. The major players in the global Ceramic Coatings market are A&A Thermal Spray Coatings, APS Materials Inc., DuPont, Saint-Gobain, and Praxair S.T. Technology Inc., among others.
GlobalCeramic Coatings Market report provides deep insight into the current and future state of the Ceramic Coatings market across various regions. The study comprehensively analyzes the Ceramic Coatings market by segmenting based on type (Carbide, Nitride, Oxide & Other types), technology (Atmospheric Outer Spray, Chemical Vapor Deposition, Physical Vapor Deposition & Thermal Spray), end-user industry (Aerospace and Defense, Energy and Power, Industrial, Healthcare, Transportation & Other end-users) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.
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