Ceramic Coatings Market

Market Definition

The global Ceramic Coatings Market size was valued at USD 8.9 billion in 2021 and is expected to reach USD 17.06 billion by 2030 with a CAGR of 7.5% from 2022-2030. Ceramic coatings refer to a chemical that is used to provide a layer of protection to the exterior part of vehicles, airplanes, and medical equipment. Ceramic coating is mainly composed of silicon dioxide (silica, Si02), which is sourced from natural materials such as quartz and sand.

It is also a chemical polymer solution that shields the vehicle from sun, UV rays, rust, rock chips, and scratches. The adoption of ceramic coatings has increased in the medical devices, energy, as well as in different industries due to its remarkable properties such as high temperature and chemical corrosion resistance, aseptic nature, and surface impermeability. These chemicals have other properties such as thermal & electrical insulation, non-magnetism, and oxidation resistance that helps in prevention of stains and scratches.

Market Dynamics and Trends:

The demand for ceramic coatings market is increasing due to its applications in various industries such as aerospace & defense, automotive & transportation, and oil & gas factories, among others. These coatings are used in aerospace & defense industry as they improve the thrust and increase the efficiency of the aircraft engines. In automotive industry, these protective coatings protect the automotive components and repair parts including rotors, pistons, pinions and others which in turn is expected to propel the growth of the market. The demand for oxide coatings has increased rapidly as it protects metals against corrosion and are used as decorative and electrical insulator which is further driving the market. Moreover, rising awareness regarding protection and aesthetics of vehicles is expected to drive the growth of the ceramic coatings market during the forecast period.

However, high cost of the products and development of cheaper substitutes are expected to restrain the growth of market during the forecast period. On the other hand, the application of ceramic coatings in dental implants, orthopedic implants, and in making of other therapeutic devices for the development of healthcare industry is expected to create lucrative growth opportunities for the ceramic coatings market players in future.

Market Segmentations and Scope of the Study:

The ceramic coating market size has been segmented based on type, product, application, and geography. Based on type, the market is classified into thermal spray, physical vapor deposition, chemical vapor deposition, and others. Based on product, the market is divided into oxide, carbide, nitride, and others. Based on application, the market is grouped into automotive & transportation, energy, chemical, textile, aerospace & defense, industrial goods, healthcare, and others. The geography breakdown and analysis of each of the aforesaid segments include regions comprising of North America, Europe, Asia-Pacific, and ROW.

Geographical Analysis

Asia Pacific region holds the lion's share of the ceramic coatings market at present and is expected to continue dominating the market during the forecast period. This is attributed to factors such as increasing investments and production of ceramic coating by manufacturers such as Advanced Nanotech Lab (ANT Lab) in this region. Furthermore, the surge in the use of these coatings in defense sectors by the military in countries such as India, China, and Korea is also driving the market growth. Also, China is the largest domestic supporter and caterer of ceramic coatings in the world, which eventually contributes to the growth of the market in this region.

Moreover, the growth of the solar photovoltaic industry in the Asia-Pacific region is another significant factor that boosts the growth since ceramic coatings are highly used in the making of panel glasses for protection from erosion and deposition of salts as well as minerals. On the other hand, the North American region is expected to witness a rapid rise in the ceramic coating market due to the fast growth of the automotive industry, high demand of medical devices, ongoing development in the aerospace sector, and the evolution of thermal spray processes. The U.S. is the largest contributor of the ceramic coatings market in this region.

The defense and aerospace industry of the USA has the largest application of thermal sprayed ceramic coatings due to their properties such as corrosion protection and friction reduction. Moreover, rising use of ceramic coatings in medical devices to provide wear-resistance and corrosion-resistance performance also boosts the market growth. Furthermore, companies such as Cetek Ceramic Technologies Ltd., E.I. Du Pont De Nemours & Company, and APS Materials are involved in product launches and continuous innovation by expanding R&D facilities, which in turn is expected to drive the market growth in the region.

Competitive Landscape

The market comprises various players such as Keronite Group, Cetek Ceramic Technologies Ltd., E.I. Du Pont De Nemours & Company, APS Materials, Inc., Praxair Surface Technologies, Inc., 3M India Ltd., Aremco Products Inc., Bodycote PLC, Nasiol Nano Coating, and Advanced Nanotech Lab (ANT). These manufacturers are actively indulging in R&D initiatives, product & technology innovations, and industrial collaborations to enhance their product and increase their growth as well as geographical reach.

For instance, in January 2022, ANT LAB introduced a new line of automotive ceramic coating materials, including 10H ceramic coating, MATTE ceramic coating, and PPF ceramic coatings. These coating products will be employed in the car refinishing industry to improve the exterior aesthetic of luxury vehicles. Along with this, in November 2021, 3M India Ltd., announced the launch of its 3M Ceramic Coating, a premium treatment for the Indian automotive and paint industries that promises a premium finish and powerful protection of vehicles.

Key Benefits

• The ceramics coating market report provides a quantitative analysis of the current market and estimations through 2022-2030 that assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises a deep dive analysis of the ceramics coating market trend including the current and future trends for depicting the prevalent investment pockets in the market.

• The information related to key drivers, restraints, and opportunities and their impact on the ceramics coating market is provided in the report.

• The competitive analysis of the market players and their market share in the ceramics coating market.

• The SWOT analysis and Porter's Five Forces model are elaborated in the study.

• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

Ceramic Coatings Market Key Segments

By Type

• Thermal Spray

• Physical Vapor Deposition

• Chemical Vapor Deposition

• Others

By Product

• Oxide

• Carbide

• Nitride

• Others

By Application

• Automotive & Transportation

• Energy

• Chemical

• Textile

• Aerospace & Defense

• Industrial Goods

• Healthcare

• Others 

By Geography

• North America

  • U.S

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Rest of Europe

• Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • Rest of Asia-Pacific

• RoW

  • UAE

  • Saudi Arabia

  • South Africa

  • Brazil

  • Remaining Countries

Key Players

• Keronite Group

• Cetek Ceramic Technologies Ltd.

• E.I. Du Pont De Nemours & Company

• APS Materials, Inc.

• Praxair Surface Technologies, Inc.

• 3M India Ltd.

• Aremco Products, Inc.

• Bodycote PLC

• Nasiol Nano Coating

• Advanced Nanotech Lab (ANT Lab)

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Analysis Period	2021–2030
Base Year Considered	2021
Forecast Period	2022–2030
Market Size Estimation	Billion (USD)
Market Segmentation	By Type (Thermal Spray, Physical Vapor Deposition, Chemical Vapor Deposition, and Others), by Product (Oxide, Carbide, Nitride, and Others), and by Application (Automotive & Transportation, Energy, Chemical, Textile, Aerospace & Defense, Industrial Goods, Healthcare, and Others)
Geographical Segmentation	North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Switzerland, Russia, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific), Rest of the World (Latin America, Middle East, Africa)
Companies Profiled	Keronite Group, Cetek Ceramic Technologies Ltd., E.I. Du Pont De Nemours & Company, APS Materials, Inc., Praxair Surface Technologies, Inc., 3M India Ltd., Aremco Products Inc., Bodycote PLC, Nasiol Nano Coating, and Advanced Nanotech Lab (ANT).