October 27, 2020
According to the recent research report titled ‘Ceramic Coating Market Size By Type, By Technology, By Application, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global ceramic coating market is projected to grow substantially during 2020-2026.
As per the report findings, high product adoption across several application avenues such as aerospace & defense, energy, automotive, and healthcare is primarily driving global ceramic coating market growth.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2969039/
For those uninitiated, ceramic coatings are non-metallic, semi-permanent, inorganic-based protective layer that are applied on surfaces for safeguarding against weathering and are easy-to-clean.
Speaking of material type, oxide coating segment held 51% share of global ceramic coating market in the year 2019. The segmental growth is credited to increasing product application across automotive and aerospace sectors. Meanwhile, carbide coating segment accounted for 20% market share and is expected to grow with a CAGR of 7.7% over the study period. The others segment in 2019, accounted for 13% industry share and is anticipated to accrue notable gains in the ensuing years.
Based on technology, thermal spray segment accounted for 58% share of global ceramic coating market in 2019 and is slated to grow substantially in the upcoming years. The growth is attributable to increasing product demand across automotive industry. On the other hand, physical vapor deposition (PVD) segment is projected to record a CAGR of 8.1% over the analysis period.
Meanwhile, chemical vapor deposition (CVD) segment accounted for 14% of global ceramic coating industry share in 2019 and is expected to follow similar trend in the forthcoming years. Others segment is anticipated to register a yearly growth rate of 7.3% over the assessment period.
Elaborating on application spectrum, transportation & automotive segment contributed 38% share of worldwide ceramic coating industry and is likely to expand with a CAGR of 8.3% over the estimated timeframe.
Leading organizations in global ceramic coating marketplace are Saint Gobain S.A., Morgan Technical Ceramics Ltd., Cetek Ceramic Technologies Ltd., Aremco Products Inc., E.I. Du Pont De Nemours & Company, Ultramet Inc., Kurt J. Lesker Co., Nasiol Nano Coatings, Praxair Surface Technologies Inc., Keronite Group, Bodycote PLC, and APS Materials Inc.