Ceramic Coating Market Research Report - Global Forecast till 2027

Global Ceramic Coating Market Research Report: Information By Material Type (Oxide, Silica, Alumina-Magnesia, Carbide, Nitride and Others), Technology (Chemical Vapor Deposition, Physical Vapor Deposition, Thermal Spray and Others), End-Use Industry (Automotive, Oil & Gas, Aerospace & Defense, Chemical, Textile, Energy & Power, Healthcare and Others) and Region - Forecast till 2027

ID: MRFR/CnM/2081-CR | August 2020 | Region: Global | 449 pages

Ceramic Coating Market Overview


Ceramic Coating Market is expected to expand at a CAGR of 5% while garnering a market value of USD 12.5 Billion by 2027, estimates Market Research Future (MRFR).


Impact of COVID-19

The outbreak of COVID-19 brought a negative impact on the ceramic coating market share due to the imposition of lockdown. The lockdown hampered the progress of the market due to the temporary shutdown of various manufacturing units.


Competitive Landscape

Various players of the industry are adopting competitive strategies like collaboration, mergers, acquisition, and more to gain higher impetus in the global market while also focusing on expanding their consumer base. The demand for innovative products has resulted in the launch of new products that has enhanced the competition among the key players.


List of Key Players Covered in the Report

  • Morgan Advanced Materials (U.K.)

  • APS Materials, Inc. (U.S.)

  • Bodycote (U.K.)

  • Praxair S.T. Technology, Inc. (U.K.)

  • Aremco Products, Inc. (U.S.)

  • Akzo Nobel N.V. (The Netherlands)

  • Saint-Gobain (France)

  • MBI Coatings (U.S.)

  • Nano-Care Deutschland AG (Germany)

  • Ceramic Polymer GmbH (Germany)

  • Oerlikon Group (Switzerland)


Market Dynamics

Drivers


Rapid Expansion of Transportation & Automotive Sector to Boost the Market


The rapid rise in the transportation and automotive sector is expected to be a significant factor that can drive the market growth during the forecast period. The growing popularity of ceramic coatings in electric vehicles is projected to play an essential role in developing the market growth in the coming time. The increasing demand for ceramic coatings in the aerospace and defense sector is another salient cause that can augment the market in the region. The on-going development in the commercial aviation sector, the growing number of air passengers, and the expansion of the tourism industry are anticipated to further grow the market during the forecast tenure.


Opportunities


Growing Penetration of Ceramic Coatings in Emerging Economies to Offer Significant Opportunities


The increasing penetration of ceramic coatings in emerging economies such as; India, China, Japan, and Brazil is expected to boost the market. The rapid expansion of automotive production in developing countries can drive the ceramic coatings market and offer various opportunities to ceramic coating manufacturers.


Restraints


High Cost of the Product to Hamper the Market


The high cost of the product is expected to affect the sales, which can hamper the market growth during the forecast period.


Challenges


Presence of Substitutes to Pose a Significant Challenge


The presence of alternatives such as; Teflon sealant is recognized to be a significant challenge that can hinder the market growth during the assessment timeframe.


Cumulative Market Growth Analysis


MRFR asserts that the global ceramic coating market can witness a decent growth rate of 5% during the forecast period. The expansion of the market can be attributed to the development of the automotive sector.


Segment Overview

By Material Type


In the material type segment of the global ceramic coating market, the oxide segment of the market is anticipated to expand at the highest CAGR during the analysis timeframe. The expansion of the segment can be attributed to the properties such as; good wear and corrosion resistance, low thermal conductivity, and low cost as compared to other ceramic coatings.


By Technology


In the technology type segment of the global ceramic coating market, the thermal spray segment is anticipated to acquire the largest market share during the projection tenure. The segment is likely to expand at a CAGR of 5% during the forecast period from 2020 to 2027 while garnering a market value of USD 8.3 billion by 2027.


By End-Use


In the end-user segment of the global ceramic coating market, the automotive segment is expected to account for the largest market share during the projection tenure. The segment is estimated to experience a healthy CAGR of 5% during the projection tenure from 2020 to 2027. The development of the segment can be attributed to the increasing adoption of ceramic coatings in the exterior and interior surfaces.


Regional Analysis

APAC to Dominate the Global Market


APAC is anticipated to dominate the market during the assessment tenure. The region is likely to expand at a CAGR of 6.5% during the prediction time. The growing demand from developing countries such as India, China, and Japan is likely to play a salient role in developing the industry during the forecast period. The rapid expansion of the steel industry and the automotive sector is predicted to augment the market during the projection tenure. Furthermore, the surging demand for ceramic coatings from aerospace, oil & gas, and energy power is expected to boost the market size in the coming time.


Europe to Account for the Second Largest Market


Europe is expected to account for the second-largest market share during the forecast period. The expansion of the region can be attributed to the rapid development of the large-scale automotive manufacturers and the rising R&D investment from the local manufacturers to develop ceramic coatings technology. The region is estimated to acquire a market value of USD 2 billion while flourishing at a CAGR of 3% by 2027.


North America to Record a CAGR of 4%


North America is estimated to flourish at a CAGR of 4% during the forecast tenure. The region is anticipated to procure a market share of 20% in the coming time. The expansion of the region can be attributed to the rapid development of the automotive sector. Furthermore, the on-going development in the aerospace sector can be another salient cause that can drive the market growth in the region during the assessment time.


MEA to Witness Significant Growth


MEA is expected to witness significant growth during the forecast period. The expansion of the region can be attributed to the growing automobile sector along with the imposition of favorable initiatives by the government to develop the aerospace and defense sector.


January 2021- GoPivot, the leading mobile-first corporate wellness, and safety platform, announced that its client Morgan Advanced Materials has extended its partnership. The extended partnership will also include an employee recognition program.


January 2021- IGL Coatings launched its graphene reinforced product, Ecocoat Quartz+. The improved Ecocoat Quartz+ is a hybrid 9H rates dual system ceramic coating that combines two ceramic coatings with different attributes to provide the ultimate layer of protection and an excellent finish for almost all types of paint surfaces.

Apr 2021 Tata Motors, India's foremost auto brand, recently introduced an industry-first service offering of Ceramic Coating with the all-new Safari model. This is a cutting-edge hydrophilic formulation technology to revive the appearance of Tata cars. The cars are available at a price of 28,500 for U.V.s, and this service will be offered at all Tata Motors authorized dealerships. Tata Motors will also extend this exclusive service to all other Tata passenger vehicles at prices changing as per their particular segments.

Apr 2021 Eastman Performance Films, LLC (Eastman) is creating waves in the automotive industry with the presentation of LLumar Valor paint protection film that provides car owners protection for their vehicles, making them look modernistic for longer. Valor's dedicated technology makes it easy to clean and has up to 25% more stain and environmental resistance than other top products on the market. With Eastman Tetrashield technology, Valor blends, paint protection, and ceramic coating benefits have been rolled into one durable product.


Report Overview

Various challenges, drivers, barriers that affect the growth of the market along with the key segments and the top players that make a notable contribution in developing the market have been listed in the MRFR report. The report also comprises of the impact of COVID-19 on the market. The well-known players and the top strategies followed by them to stay competitive in the market have also been highlighted in the report.


Segmentation Table

Global Ceramic Coating Market, By Material Type



  • Oxide

  • Silica

  • Alumina-Magnesia

  • Carbide

  • Nitride

  • Others


Global Ceramic Coating Market, By Technology



  • Chemical vapor deposition

  • Physical vapor deposition

  • Thermal spray

  • Others


Global Ceramic Coating Market, By End-Use Industry



  • Automotive

  • Oil & Gas

  • Aerospace & Defense

  • Chemical

  • Textile

  • Energy & Power

  • Healthcare

  • Others



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: USD 12.5 Billion
  CAGR   5%(2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Material Type, Technology, End-Use and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Morgan Advanced Materials (U.K.), APS Materials, Inc. (U.S.), Bodycote (U.K.), Praxair S.T. Technology, Inc. (U.K.), Aremco Products, Inc. (U.S.), Akzo Nobel N.V. (The Netherlands), Saint-Gobain (France), MBI Coatings (U.S.), Nano-Care Deutschland AG (Germany), Ceramic Polymer GmbH (Germany), Oerlikon Group (Switzerland)
  Key Market Opportunities   Growing Penetration of Ceramic Coatings in Emerging Economies to Offer Significant Opportunities
  Key Market Drivers   Rapid Expansion of Transportation & Automotive Sector to Boost the Market


Frequently Asked Questions (FAQ) :


The global ceramic coating market was valued at USD 7.95 billion in 2018.

The global ceramic coatings market is expected to exhibit a solid 7.35% CAGR over the forecast period from 2019 to 2025.

Thermal spray technology is the dominant segment in the ceramic coating market.

The leading regional market for ceramic coatings is Asia Pacific, as the growing industrialization in the region has driven the demand for ceramic coatings for the protection of industrial machinery.

Leading players in the ceramic coatings market include Saint-Gobain, APS Material Types Inc., Bodycote, DowDuPont, Praxair, MBI Coatings, and AkzoNobel, among others.