Ceramic Coatings Market to Rise at 7.1% CAGR till 2026; Rising Popularity of Thermal Spray Products to Accelerate Market Growth

The global ceramic coatings market size is forecasted to reach USD 3.32 billion by 2026 owing to the increasing adoption of oxide ceramic coatings across industry verticals. Fortune Business Insights™ shares this information in its recent report, titled “Ceramic Coatings Market Size, Share & Industry Analysis, By Type (Oxide, Carbide, Nitride, and Others), By Coating Method (Thermal Spray, Physical Vapor Deposition (PVD), Chemical Vapor Deposition (CVD), and Others), By End-Use (Transportation & Automotive, Energy, Aerospace & Defense, Industrial Goods, Healthcare, and Others), and Regional Forecast, 2019-2026”. The report further states that the market value stood at USD 1.96 billion in 2018 and is anticipated to register a CAGR of 7.1% from 2019 to 2026.

Ferro Corporation Successfully Acquires Endeka, Diversifies Its Portfolio

In November 2017, the US-based performance materials manufacturer Ferro Corporation announced that it had successfully acquired the Spanish ceramics specialist Endeka Group. Endeka is considered a veteran in the European ceramic industry owing to its rich legacy of producing a broad range of world-class products. The company has also been at the forefront of developing innovative technologies to expand in this field in Europe and globally. Ferro aims at widening its offerings in several materials through this acquisition as well as marking its entry into the market in Europe. Such takeovers are expected to become commonplace in this market and lead the market in the upcoming years.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/ceramic-coatings-market-102325

Increasing Adoption of Ceramic Coatings in Aviation to Aid Market Growth

Ceramic coatings combine with the metal substrate they are applied on and harden, providing a tough, impervious layer of protection to the entire body. Airplanes operate in extremely hostile environments and require reliable and durable materials to ensure adequate protection to their metallic bodies. For instance, the low heat conductivity of these coatings insulates the cool air underneath the hot gases produced by the aircraft engine. These coatings have brought down the temperature of internal components by as much as 190°C. Thus, the beneficial properties of these coatings have made them an attractive purchase in the aerospace & defense industry. Furthermore, these materials are proving to be extremely useful in building spacecraft as these machines have to withstand high temperatures and need a dense, impenetrable layer of protection once the craft leaves the earth.

R&D Enhancement to be the Central Focus of Market Players

The ceramic coatings market report observes that the application areas of these coatings are expanding speedily owing to the intense research being conducted by industry bigwigs. Keeping in view the immense potential of this market, key players are doubling down their investment to elevate their R&D capabilities. Enhanced R&D capacity will empower these players to design, develop, and deliver advanced coating solutions to various end-user industries, which will, in due course, entrench their position in the global marketplace.

Industry Development:

• June 2019: The UK-based company Keronite announced the opening of its new center for manufacturing and R&D in surface technology. The intent of the company behind establishment of this center is to generate customer interest in plasma electrolyte oxidation technology as well as expand its reach in the coatings industry.

List of Key Players Covered in the Report:

•  Ferro Corporation


•  Keronite


•  Aremco


• Kurt J. Lesker Company


• Bodycote


• Saint-Gobain


•  Morgan Advanced Materials


• Integrated Global Services, Inc.


• APS Materials, Inc.


•  Praxair S.T. Technology, Inc.

Further Report Findings:

• Asia-Pacific, with a market size of USD 813.1 million in 2018, is slated to dominate the ceramic coatings market share as the installed photovoltaic capacity in the region is increasing at a furious pace. Since ceramic coatings are widely deployed in solar panels, growth in the solar industry in Asia-Pacific bodes well for the market.


• The market size in North America was at USD 487.8 million in 2018 and the region is expected to grow considerably as a result of high demand for vehicles.


• The transportation & automotive segment, classified on the basis of end-use, led the market with a share of 27.8% in 2018. The segment is set to lead during the forecast period as well, according to the ceramic coatings market analysis, as these coatings are extensively used in this industry on account of their corrosion- and abrasion-resistance properties.

Table of Segmentation