Emphasis on Product Type (Oxide Coating, Nitride Coatings, and Carbide Coating); Technology (Thermal Spray, Physical Vapor Deposition (PVD), Chemical Vapor Deposition (CVD), and Others); Application (Transportation & Automotive, Energy & Chemical Equipment, Aerospace & Defense, Industrial Goods, Healthcare, and Others); and Region/Country
Global High-Performance Ceramic Coatings Market is expected to grow at a significant rate of around 7% during the forecast period 2022-2028. High-Performance Ceramic Coating (HPCC) is defined as ceramic substrates coated with thin ceramic layers that provide enhanced resistance to high temperatures, wear, and corrosion than other conventional ceramics. In addition, HPCC is used in many industries due to its robust properties. The automotive industry is one of the largest consumers of high-performance ceramic coatings and these coatings are used to reduce friction and provide wear resistance to various automotive parts such as pistons, intake manifolds, headers, exhaust manifolds, and cylinders. Furthermore, HPCC is used to improve and provide anti-corrosion protection, headers, battery cases for electric vehicles, etc. Hence, the automotive industry is booming all over the world and this is expected to boost the growth of the HPCC market during the forecast period.
A&A Coatings, Aps Materials Inc., Aremco Products Inc., DuPont de Nemours Inc, A.W. Chesterton Company, Oerlikon Metco, Praxair Surface Technologies Inc., Saint-Gobain Coating Solutions, Kurt J. Lesker Company, and Zircotec Ltd. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst product type, Oxide high-performance ceramic coating category to witness higher CAGR during the forecast period”
Based on product type, the market is segmented into oxide coating, nitride coatings, and carbide coating. Oxide high-performance ceramic coating category to witness higher CAGR during the forecast period. This is due to the increasing use of steel, cast iron, aluminum, copper, and zinc alloys in the automotive, aerospace, and defense industries. In addition, it also has properties such as corrosion resistance and electrical insulation. Furthermore, these factors are expected to increase the demand for oxide coatings, benefiting industries around the world. However, the increasing investment by market players for research and development activities, as well as expanding production capacities and product portfolios, are expected to boost the growth of the market.
“Amongst technology, thermal spray to hold a significant share in the market in 2020”
On the basis of technology, the market is categorized into thermal spray, physical vapor deposition (PVD), chemical vapor deposition (CVD), and others. Among these, the thermal spray to hold a significant share in the market in 2020. This is mainly due to the wing’s longer life and higher precision of finished products. Additionally, thermal spray coatings are applied to turbomachinery such as high-pressure turbine seals, rotor pass liners, bearings, compressor seals, airframes, oil seals, and engine components in commercial and defense aircraft. Hence, the rising production and exports of military aircraft and parts in developed and developing countries such as the U.S, U.K, France, China, and Russia are expected to increase the demand for thermal spray coatings, driving the growth of the high-performance ceramics coating market in the coming years.
“Amongst application, transportation & automotive to hold a significant share in the market in 2020”
Based on application, the high-performance ceramic coating market has been classified into transportation & automotive, energy & chemical equipment, aerospace & defense, industrial goods, healthcare, and others. The transportation & automotive category is to witness higher adoption of the high-performance ceramic coating market during the forecast period. This is mainly because it is applied to automobile engine parts to improve fuel efficiency. Its physical properties, such as high-temperature resistance, protect components from oxidation. Since, in many developing countries such as China and India, the demand for automobiles is increasing due to the increase in consumer disposable income and improvement in the living standards of the consumers. Hence, these factors are expected to boost the growth of the high-performance ceramic coating market.
“Asia-Pacific to hold a significant share in the market”
In 2020, Asia-Pacific is anticipated to grow at a substantial CAGR during the forecast period. This is mainly owing to the increased consumption of these coatings in the automotive, aerospace, defense, and healthcare industries. Many soaring production and investments in the end-user industries like automotive, electronics, aerospace, defense, and others are steering the demand for high-performance ceramic coatings in the region. In addition, the region is growing owing to rapid industrialization across the region and the ability of high-performance ceramic coatings to prevent rust and oxidation of engine components, which has boosted its demand in various industries which is escalating the market. Furthermore, increasing investments of major market players in research and development activities as well as expanding production capacities and product portfolios are expected to drive the growth of the Asia-Pacific market for high-performance ceramic coatings. However, Asia Pacific is expected to show rapid growth with a gradual increase in market share owing to the growth in automotive and energy industries in countries such as China, India, Japan, and Vietnam.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The High-performance Ceramic Coatings Market
6. High-performance Ceramic Coatings Market Revenue (usd Bn), 2020-2028f
7. Market Insights By Product Type
8. Market Insights By Technology
9. Market Insights By Application
10. Market Insights By Region
11. High-performance Ceramic Coatings Market Dynamics
12. High-performance Ceramic Coatings Market Opportunities
13. High-performance Ceramic Coatings Market Trends
14. Demand And Supply-side Analysis
15. Value Chain Analysis
16. Competitive Scenario
17. Company Profiled
18. Disclaimer
Research Methodology for The High-Performance Ceramic Coatings Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global high-performance ceramic coatings market were the three major steps undertaken to create and analyze the adoption of high-performance ceramic coatings in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global high-performance ceramic coatings market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the high-performance ceramic coatings market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the high-performance ceramic coatings market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product type, technology, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the high-performance ceramic coatings market. Further, we conducted factor analysis using dependent and independent variables such as various product types, technology, and application of high-performance ceramic coatings. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the high-performance ceramic coatings market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global high-performance ceramic coatings market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global high-performance ceramic coatings market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product types, technology, and application in the global high-performance ceramic coatings market.
The main objective of the Global High-Performance Ceramic Coatings Market Study
The current & future market trends of the global high-performance ceramic coatings market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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