(MENAFN- Ameliorate Digital Consultancy)
The Ceramic Coatings Market Insights of 2023 study is a thorough examination of the market's size, shares, revenues, major segments, drivers, trends, growth, and development. The study also identifies limiting variables and regional industrial presence that may have an impact on market growth trends beyond the projection period of 2029. The market research seeks to gain a comprehensive grasp of the industry's potential and to provide insights that will assist firms in making educated decisions.
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**Note: Version 2023 has been updated.
What does this report offer?
Market size (historical and future), market growth, technical trends, market share, market dynamics, competitive landscape, and key players are all factors to consider.
Development trends, competitive landscape analysis, supply-side analysis, demand-side analysis, year-over-year growth, competitive benchmarking, vendor identification, CMI quadrant, and other significant analysis, as well as development status.
Recent market developments and projected growth prospects, geographical reports that can be tailored to demand
What size is the Ceramic Coatings Market:
Global Ceramic Coatings Market growing at a CAGR of 8.55%, and it is expected to reach USD 26.91 billion by 2029, over the forecast period 2023-2029.
➡ What is Driving the Global Market for Ceramic Coatings?
These coatings improve the efficiency of gas turbine engines, which helps them to operate at lower temperatures. Ceramic coatings allow aircraft engines to run at higher temperatures, resulting in improved performance. Because of its widespread use in the aerospace and defense industries, its demand is likely to skyrocket.
By 2029, the aerospace and military category is expected to account for 19 % revenue share in the global market. The expanding aviation industry has boosted its uptake, particularly in markets such as China, Japan, and Europe. Furthermore, rising vehicle production in developing markets such as India, China, and Brazil is expected to boost ceramic coatings industry revenue.
In May 2020, the Green-SEAM Network, based at Concordia University in Canada, launched a campaign to promote antiviral metallic and ceramic coatings to inhibit the spread of the viin such environments. As a result, increased research into the use of ceramic coatings as antiviral coatings to protect individuals, particularly frontline workers, against COVID-19 has aided industrial growth during the epidemic.
On the negative front, concerns regarding the availability of low-cost substitutes are expected to limit worldwide market growth throughout the projection period.
➡ How North America and Europe fare in Ceramic Coatings Demand?
More than half of the world's demand for ceramic coatings is met by Europe and North America combined. The region's well-established car and aerospace sectors have aided in their attainment of this level of Ceramic Coatings use. The automotive and healthcare goods industries, on the other hand, are likely to drive future market expansion.
The ceramic coatings market in North America is expected to account for about 26% of the industry revenue by 2029. Its demand in the region is expected to be boosted by the developing aerospace sector in the United States. North America dominates the market, owing to rising demand for high-efficiency coatings and developing automotive industry in emerging markets such as the United States, Mexico, and Canada.
Over the projection period, the European market is expected to increase at a substantial rate, with a CAGR of over 8.55%. Increasing use in medical devices and growing aerospace thermal applications are likely to boost the regional market during the forecast period. The future growth of the market is projected to be aided by the development of new applications and spray methods.
Who are the key industry players?
Bodycote, Praxair Surface Technologies, Inc., AreProducts, Inc., APS Materials, Inc., Cetek Ceramic Technologies Ltd., Keronite Group Ltd., Saint-Gobain S.A., Element 119, NanoShine Ltd.
Recent Developments:
For its FUSION Pautomobile ceramic coating, XPEL, Inc. announced product range additions in October 2020. The full car line-up now includes unique accessories made to safeguard glass, wheels, brake calipers, plastic and trim surfaces, and upholstery. The official launch of IGL Coatings' flagship product, the Ecocoat Kenzo with graphene reinforcement, was scheduled for March 2021. Kenzo, a groundbreaking 10H* certified, high solids ceramic coating from IGL, won the Gold Medal Award for Green Technology at the International Innovation Awards 2021. With the all-new Safari, Tata Motors debuted one of the first services offered for ceramic coating in the industry in April 2021. This cutting-edge hydrophilic formulation method will refresh the appearance of Tata cars.
What precisely is market segmentation?
Ceramic Coatings Market By Type, 2020-2029, (Usd Billion), (Kilotons)
Oxide Coatings
Carbide Coatings
Nitride Coatings
Others
Ceramic Coatings Market By Technology, 2020-2029, (Usd Billion), (Kilotons)
Thermal Spray
Physical Vapor Deposition (Pvd)
Chemical Vapor Deposition (Cvd)
Others
Ceramic Coatings Market By Application, 2020-2029, (Usd Billion), (Kilotons)
Transportation & Automotive
Energy
Aerospace & Defense
Industrial Goods
Healthcare
Others
Ceramic Coatings Market By Region, 2020-2029, (Usd Billion), (Kilotons)
North America
Europe
Asia Pacific
South America
Middle East And Africa
The study of the effects of the Russia-Ukraine War and COVID-19 on Ceramic Coatings industry will be added to the final report.
The market for Ceramic Coatings has been thoroughly researched for this research report using both primary and secondary sources. Along with a competitive analysis of the market, segmented by application, type, and geographical trends, it offers a comprehensive overview of the market's present and future goals. Additionally, a dashboard analysis of the previand current performance of top organizations is provided. To ensure accurate and thorough information about the Ceramic Coatings Market, a range of approaches and analysis are utilized in the study.
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