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Ceramic Coating Market Size

Report ID: GMI2204
Published Date: Dec 2021
Report Format: PDF

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Ceramic Coating Market Size

Ceramic Coating Market size was valued at around USD 8.30 billion in 2020 and will exhibit a growth rate of over 7.3% from 2021 to 2027. Emerging product applications in the aerospace and healthcare industries are further expected to offer new growth opportunities to the overall industry during the forecast period.

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Ceramic coating is an inorganic material that is often manufactured and applied at high temperatures. This product is mostly composed of silica, silicon carbide, alumina-magnesia, alumina, hafnia, titania, and silicon nitride. Ceramic coating provides various advantages, such as increasing component longevity, decreasing heat on high-temperature components, reducing friction, preventing corrosion, and improving surface attractiveness. Furthermore, it has good qualities, such as heat resistance, anti-corrosion, and weathering efficiency, which will drive the demand for ceramic coatings in various sectors.

The rising penetration of ceramic coatings in developing countries, such as India, China, Indonesia, and Brazil, is projected to boost the overall industry growth. The increased automotive manufacturing in these countries is expected to drive the need for ceramic coatings in automobiles. Owing to its excellent anti-corrosion and abrasion properties, ceramic coating finds wide applications in the steel sector, which include chimneys, refractory pumps, bearings, and bricks. Oxide coatings are widely used coatings due to their properties such as corrosion protection, wear resistance, shock resistance, and hardness.

Ceramic Coating Market Report Attributes
Report Attribute	Details
Base Year:	2020
Ceramic Coating Market Size in 2020:	8.30 Billion (USD)
Forecast Period:	2021 to 2027
Forecast Period 2021 to 2027 CAGR:	7.3%
2027 Value Projection:	13.54 Billion (USD)
Historical Data for:	2017 to 2020
No. of Pages:	220
Tables, Charts & Figures:	231
Segments covered:	Product Type, Technology, Application, Region
Growth Drivers:	Rising demand for ceramic coatings in automotive industry Growing application of the product in the healthcare sector Increasing consumption of ceramic coatings in Asia Pacific region
Pitfalls & Challenges:	High product cost COVID-19 impact on automotive industry

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Ceramic coatings find numerous applications in the transportation, energy, aerospace, and healthcare industries. The surging usage of ceramic coating in marine industry will boost the consumption of the product. However, high product costs may hamper industry growth. Additionally, a declined growth in the automotive industry due to the COVID-19 pandemic is expected to be a major restraining factor in the global ceramic coating market. Nevertheless, technological advancements, such as nanocoating, are likely to open new growth opportunities for the overall industry.

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

The global ceramic coating industry size is slated to exceed USD 13.54 billion by 2027 and is anticipated to record a growth rate of more than 7.3% from 2021 to 2027 due to the growing application scope in the aerospace and healthcare industries.

Ceramic coatings are inorganic materials that offer increased component longevity, decreased heat on high-temperature components, reduced friction, limited corrosion, and improved surface attractiveness in energy, aerospace & defense, industrial goods, and healthcare applications.

The ceramic coatings market share from the transportation & automotive application segment is poised to exceed USD 5 billion through 2027 driven by rising utility in the interior and exterior surfaces of vehicles and the fast-growing automotive production in the Asia Pacific and Europe.

Asia Pacific ceramic coatings market revenue is anticipated to strike a CAGR of 7.6% and record close to USD 5 billion up to 2027 impelled by the increasing automobile production rate in China and India.