Market Research Future (MRFR) recognizes the following companies as the key players in the Global Ceramic Coating Market: APS Materials Inc. (US), Bodycote PLC (US), Praxair Surface Technologies Inc. (US), E.I. Du Pont De Nemours & Company (US), Saint-Gobain Coating Solutions (Europe), Aremco Products Inc. (US), MBI Coatings (US), Akzo Nobel Chemicals company (Europe), Oerlikon Surface Solutions AG (Switzerland), Ceramic Polymer GmbH (Germany), and Others.
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Ceramic Coating Market size is expected to grow at USD ~18.136 billion by 2023. The market witnessed a significant growth over the forecasted period owing to growing end user industry such as automotive, oil and gas exploration, aerospace & defense, steel industry, chemical industry, textile industry, plastics industry, and others.
The major driving factors of Ceramic Coating Market are growing demand from automotive, aerospace & defense, steel industry. In addition, the increasing demand from the oil and gas exploration, aerospace & defense, steel industry is expected to fuel market growth of ceramic coatings in near future. Expensive raw materials act as and capital intensive production facilities act are expected to hamper the growth of Ceramic Coatings.
The Global Ceramic Coating Market has been segmented into types and end use industries. On the basis of end user, the market has been divided into automotive, oil and gas exploration, aerospace & defense, steel industry, chemical industry, textile industry, plastics industry, and others. Among these industries, automotive, oil and gas exploration, aerospace & defense have cover the largest market followed by chemical industry, textile industry, plastics Industry.
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Geographically, Asia-Pacific is estimated to be the largest market in terms of value and volume. The dominance of China in APAC as well as global market is fueling the global demand. Moreover, Europe and North American market would be comparatively small market for ceramic coating.
The market is anticipated to be driven by increasing demand of automotive industry across the world. The application of Ceramic Coatings for thermal insulation in aerospace applications, such as space shuttles, make them largest segment of the market and application of Ceramic Coatings are beholding fast growth. Although ceramic coatings can be found in daily life such as non-stick coatings and engine exhaust coatings. As they have excessive features such as friction, wear, corrosion resistance, and thermal protection, ceramic coatings have widespread applications across automotive, aerospace and defense, oil and gas exploration, and steel industries.
The Global Ceramic Coating Market is classified on the basis of mixed geographic segmentation which involves regions such as America, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific Ceramic coating market is largest market owing to robust industry growth of application industry in China, India, Brazil, Saudi Arabia, Mexico, and Japan. Asia Pacific ceramic coating market size is likely to witness highest gains over the forecast period. Rapid industrialization and increasing demand from end-use industries such as automotive, oil and gas exploration, aerospace & defense, steel industry in countries like China, India, and Japan are the causes of enhancing the Ceramic Coating Market growth in this region.
North America Ceramic Coating Market stands on second position, the key countries covered in North America ceramic coating market are U.S., Mexico and Canada. Due to increasing in demand of end user industry include automotive, oil and gas exploration, aerospace & defense, healthcare and others helps to boost the North America ceramic coating Market growth. North America Ceramic Coating Market also adopted by various key players, such as Cetek Ceramic Technologies Ltd, E.I. du pont de Nemours & Company, Praxair SurfaceTechnologies Ltd, APS Materials Inc., and Armeco productions Inc., and others.
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Furthermore, Europe Ceramic Coating Market comes on third position in terms of both value and volume in which Western Europe considered as developed market and Central and Eastern Europe is developing market. Additionally, Germany is the biggest market for ceramic coatings in Europe, followed by France and UK. The Europe Ceramic Coating Market also adopted by various key players, such as, Morgan Technical Cermamics, Saint Gobain Coating Solutions, Kurt J. Lesker Company Ltd., Bodycote plc, and Keronite Group Ltd. These key players have invested huge amounts in the developing countries for entering and increasing their market position through volume extension and new plant establishments.
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