Ceramic Coating Market Outlook (Revenue, USD Billion, 2022 - 2030)

The global ceramic coating market is expected to reach USD 19.19 billion by 2030, expanding at a compound annual growth rate (CAGR) of 7.8%, according to a new report by Grand View Research, Inc. This is due to the increasing utilization of automobile engine components and the aerospace & defense industry, which is projected to propel the market growth during the forecast period. Furthermore, ceramic coatings are being extensively used in the automobile and transportation industry, owing to their anti-corrosion properties and offering resistance to abrasion and heat. Ceramic coatings are also used for providing a finished polish look on the exterior body of cars slowly replacing wax.

With growing research and development activities, ceramic coatings are venturing into wider application segments. Currently, automobiles and transportation are expected to be the largest application for ceramic coatings. However, with further product innovations, ceramic coating is likely to have a larger application share than its counterparts, such as PTFE or regular coatings. For instance, in 2021, IGL Coatings launched graphene reinforced product Eco coat Kenzo. Eco coat Kenzo revolutionized the ceramic coatings industry by developing a zero-VOC, high-solids recipe. Its unique high solids recipe distinguishes it, resulting in global demand for the smooth and bright ceramic coating.

Ceramic Coating Market Segmentation

Grand View Research has segmented the global ceramic coating market based on product, technology, application, and regional:

Based on the Product Insights, the market is segmented into Oxide, Carbide, Nitride and Others.

·        The oxide segment accounted for 57.2% of the global revenue share in 2021. Oxides are cheaper in comparison to other coatings such as carbide and nitride. This type of coating is used in the steel industry, where it is applied to refractory bricks, chimneys, guide bars, pumps, and bearings.

·        Oxide & carbide coats are also heavily consumed in the oil & gas industries, where it is utilized in mud rotors, pump sleeves, MWD equipment, and valve components. Applying coatings on service components in this industry helps oil & gas exploring companies reduce exploration costs and increase production.

·        Carbide coatings are gradually venturing into the sports industry, where it is used on applications such as horse hooves, golf clubs, and bicycles.

Based on the Technology Insights, the market is segmented into Thermal Spray, Physical Vapor Deposition, Chemical Vapor Deposition and Others.

·        Thermal spray is the most popular means of deploying ceramic coatings on the surface. Thermal spray accounted for around 74% of the revenue share in the global market.

·        Physical Vapor Deposition or PVD is also likely to demonstrate significant growth in this segment. The primary factor associated with the increase in consumption is its cheaper cost.

·        Coatings applied through PVD have less resistance to high temperatures and surface pressures. Therefore, making them unsuitable for heavy industries and aerospace applications.

Based on the Application Insights, the market is segmented into Transportation & Automotive, Energy, Aerospace & Defense, Industrial Goods, Healthcare and Others.

·        Ceramic coating is finding broad applications in transportation & automotive, energy, aerospace & defense, industrial goods, and healthcare. Global consumption was majorly derived from industrial goods.

·        The Environmental Protection Agency (EPA) reported a rise in spending on anti-corrosion as well as efficiency enhancer coatings, which will further aggravate the demand.

·        Ceramic coatings are also sprayed on industrial goods, such as refractory bricks, chimneys, and iron rods. Its properties of abrasion resistance and heat resistance, along with its added protective layer, will make it widely in demand in the steel and power generation industries in the near future.

Ceramic Coating Regional Outlook

·        North America

·        Europe

·        Asia Pacific

·        Latin America

·        Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Key players are showing aggressiveness in establishing manufacturing plants in the Asia Pacific region as it is expected to emerge to be the epicenter of the demand. With moderate environmental laws coupled with a friendly business environment, ceramic coating capacities would see a rampant rise in this region.

Some prominent players in the Global Ceramic Coating market include:

·        Bodycote

·        Praxair Surface Technologies, Inc.

·        Aremco Products, Inc.

·        APS Materials, Inc.

·        Cetek Cermaic Technologies Ltd.

·        Keronite Group Ltd.

·        Saint-Gobain S.A.

·        Element 119

·        NanoShine Ltd.

·        Ultramet, Inc.

 Order a free sample PDF of the in Ceramic Coating Market Intelligence Study, published by Grand View Research.