Ceramic Coating Market Size Worth Over $13.54 bn by 2027

According to a new research report by Global Market Insights Inc., the Ceramic Coating Market size is forecast to exceed USD 13.54 billion by 2027.
 

Ceramic coatings are increasingly becoming a viable alternative to organic and polymer-based coatings for surface protection applications. They are typically thicker and operate as a more effective barrier against adverse weather conditions than oil and water-based solutions due to their high proportion of solids. Due to their superior properties, they are widely used in various industries including energy, automotive, aerospace, and healthcare.
 

Ceramic coatings are increasingly used in the automotive sector to protect exterior surfaces from UV rays and interior parts such as piston walls, cylinder heads & walls, and valves. The ceramic coating on the vehicle's paint shields it from UV radiation, minimizing oxidation. Rising automobile production and sales, particularly in emerging markets such as India, China, Indonesia, and Brazil, are projected to drive the use of ceramic coatings.

China has a strong automotive manufacturing base and is projected to maintain its dominance in the coming years. In 2018, the Chinese automobile industry sold over 4.37 million commercial vehicles and over 9.98 million passenger vehicles. Furthermore, the rising adoption of electric vehicles coupled with strict environmental rules aimed at reducing carbon footprints is expected to boost the demand for ceramic coatings.
 

Thermal spray has a high density and can be utilized in any material composition; therefore, it leads the global ceramic coating industry. Thermal spraying is used in various industries including oil & gas, energy, automotive, and aviation. Thermal spray coatings in the aerospace sector protect engine turbine blades from severe temperatures, ensuring greater durability over a longer period. Additionally, they are also employed in applications including propulsion and airframe to meet high-quality criteria and performance, thus expanding the aerospace sector in the U.S. and Europe.

Browse key industry insights spread across 220 pages with 208 market data tables & 23 figures & charts from the report, “Ceramic Coating Market By Type (Oxide Coating, Carbide Coating, Nitride Coating), By Technology (Thermal Spray, Physical Vapor Deposition (PVD), Chemical Vapor Deposition (CVD)), By Application (Transportation & Automotive, Energy, Aerospace & Defense, Industrial Goods, Healthcare), Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2021-2027”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/ceramic-coating-market
 

The carbide coating segment will hold a market share of around 20% in 2027

The carbide coating segment accounted for 20% of market share in 2020 and is projected to reach around USD 2.7 billion by 2027 owing to the increasing use of carbide coatings in oil & gas development to prevent corrosion and minimize exploration costs. Additionally, carbide coating is widely used in the sports industry such as in bicycles, golf clubs, and horse hooves. However, the high product cost may slow down demand in different industries.
 

The oxide coating segment will grow at CAGR over 7.5% through 2027 owing to its numerous advantages such as wear and corrosion resistance. Generally, oxide coats, such as titanium, chromium, aluminum, and zirconium, are used as they offer hardness, shock resistance, corrosion protection, thermal barrier, heat resistant and wear resistance. Due to these properties of ceramic oxide coating, it is used in aerospace engines. In the steel industry, oxide coating is applied on refractory bricks, chimneys, pumps, bearings, and guide bars. Additionally, they are also used on cathodes & anodes, solid oxide fuel cells, hydraulic cylinders, biomedical implants, and calendar rollers. Moreover, oxide coatings also find wide applications in the automotive industry.
 

Rapid demand for ceramic coating in industrial applications

There is a rapid increase in demand for ceramic coatings in various end-use industries including aerospace, automotive, energy, healthcare, and various other industrial sectors. Industrial goods segment accounted for 19% of share in 2020 and is expected to reach USD 2.6 billion growing at the CAGR of 7.5% by 2027.
 

Increasing consumption of ceramic coatings in industrial goods, such as in high-temperature components, dies, cutting tools, shapers, etc., is likely to propel the market size from 2021 - 2027. Ceramic coating is used in heavy-duty and high-speed applications for steel production, power generation equipment, and in pharmaceutical and food manufacturing equipment. 
 

Europe to exhibit steady growth during the forecast period

The Europe ceramic coating market accounted for around 25% share, in terms of volume, in 2020 and is expected to account for 26.7% of share by 2027 owing to the growing investments in the automotive industry and the expanding healthcare industry. The emerging use of ceramic coatings in the aerospace & defense sector is further projected to propel the industry growth in the coming years.
 

The ceramic coating market in North America is anticipated to grow with a CAGR over 7% through 2027 owing to the rising applications of ceramic coatings in the automotive and aerospace industries. Aircraft manufacturers, such as Boeing and Airbus, use ceramic coatings in aircraft manufacturing. Ceramic coatings are extremely resistant to friction, heat, and solvent. AeroZane 9H ceramic coating is a new coating for aerospace. This coating has Airbus AMS 1650 and Boeing D6-17487 certification.
 

Some of the top players in the ceramic coating industry include Keronite Group, Cetek Ceramic Technologies Ltd., E.I. Du Pont De Nemours & Company, APS Materials, Inc., Praxair Surface Technologies, Inc., Kurt J. Lesker Co., Aremco Products, Inc., Bodycote PLC, Nasiol Nano Coatings, Ultramet, Morgan Technical Ceramics, and Saint-Gobain S. A., among others. The top players in the global ceramic coating market are primarily focusing on product innovation to maintain a strong product portfolio and market share. Furthermore, companies are heavily spending on research and development.