Global ceramic coatings market to exceed $9 billion in 2020

THE world market for high-performance ceramic coatings is expected to reach US$9.07 billion by 2020, according to a landmark industry report by Transparency Market Research. 

 

The industry is projected to grow at the annual rate of 7%, from US$5.68 billion in 2013, reports Transparency Market Research. 

 

Growth is seen to be driven largely by demand from the aviation and automobile industry for superior-quality thermal protection for engines, which offer protection from weathering and corrosion to engine parts and other equipment such as vanes and turbine blades. The semi-conductor industry is also seen to fuel demand.

 

However, in order to meet such demand, manufacturers need to deal with industry challenges such as shortage of skilled labor and ensuring product quality to prevent technological glitches.

 

The report further segments the global high-performance ceramic coatings market on the basis of technology, end-users, and regions. In terms of technology, the market encompasses thermal spray coatings, physical vapor deposition, chemical vapor deposition, and other types such as sol-gel processing. By end-user, the market can be segmented into automotive, chemical equipment, medical and healthcare, aviation, and others such as power generation. Geographically, the global market is segmented into North America, Europe, Asia Pacific, and rest of the world.

 

Key players shaping the global market are Oerlikon Metco, Saint-Gobain S.A., Bodycote Plc, APS Materials Inc., Ceramic Polymer GmbH, Praxair Surface Technologies Inc., and Zircotec Ltd.