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Ceramic Coating Market Size, By Product Type (Oxide Coating, Carbide Coating, Nitride Coating), By Technology (Thermal Spray, Physical Vapor Deposition (PVD), Chemical Vapor Deposition (CVD)), By Application (Transportation & Automotive, Energy, Aerospace & Defense, Industrial Goods, Healthcare), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI2204
  • Published Date: Dec 2021
  • Report Format: PDF

Industry Overview

Ceramic Coating Market size was valued at around USD 8.30 billion in 2020 and will exhibit a growth rate of over 7.3% from 2021 to 2027. Emerging product applications in the aerospace and healthcare industries are further expected to offer new growth opportunities to the overall industry during the forecast period.
 

Ceramic Coating Market Outlook

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Ceramic coating is an inorganic material that is often manufactured and applied at high temperatures. This product is mostly composed of silica, silicon carbide, alumina-magnesia, alumina, hafnia, titania, and silicon nitride. Ceramic coating provides various advantages, such as increasing component longevity, decreasing heat on high-temperature components, reducing friction, preventing corrosion, and improving surface attractiveness. Furthermore, it has good qualities, such as heat resistance, anti-corrosion, and weathering efficiency, which will drive the demand for ceramic coatings in various sectors.
 

The rising penetration of ceramic coatings in developing countries, such as India, China, Indonesia, and Brazil, is projected to boost the overall industry growth. The increased automotive manufacturing in these countries is expected to drive the need for ceramic coatings in automobiles. Owing to its excellent anti-corrosion and abrasion properties, ceramic coating finds wide applications in the steel sector, which include chimneys, refractory pumps, bearings, and bricks. Oxide coatings are widely used coatings due to their properties such as corrosion protection, wear resistance, shock resistance, and hardness.
 

Ceramic coatings find numerous applications in the transportation, energy, aerospace, and healthcare industries. The surging usage of ceramic coating in marine industry will boost the consumption of the product. However, high product costs may hamper industry growth. Additionally, a declined growth in the automotive industry due to the COVID-19 pandemic is expected to be a major restraining factor in the global ceramic coating market. Nevertheless, technological advancements, such as nanocoating, are likely to open new growth opportunities for the overall industry.
 

Surging applications of oxide coatings will complement the overall market growth

Ceramic Coating Market by product type

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The oxide coating segment dominated the global ceramic coating market value and is projected to reach around USD 7 billion by 2027. Oxide coatings are widely used in industries including automotive, aerospace, textile, and healthcare. Oxide coatings offer excellent electrical or thermal insulation, corrosion resistance, and wear resistance.
 

The growing use of these coatings in the automotive and oil & gas industries will fuel product demand. Furthermore, the carbide coating segment is expected to witness significant growth owing to the rising applications of these coatings in the oil & gas industry. Carbide coatings are commonly utilized in oil & gas exploration to cut expenses.
 

Rising demand for thermal spray for ceramic coatings

Ceramic Coating Market by technology

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Thermal spray segment accounted for 50% market share in 2020 and is expected to reach USD 8 billion by 2027, registering a CAGR of 7.5% from 2021 to 2027. Thermal spray coating is gaining popularity due to its advantages such as good corrosion & wear resistance and the ability to deposit significantly thicker coatings at higher deposition rates than conventional coating processes. The use of ceramic coatings through thermal spray technology is mainly for thermal barriers, dielectric strength, corrosion protection, and sliding wear.
 

Additionally, physical vapor deposition is anticipated to grow substantially due to superior thermal efficiency and cheaper cost. The physical vapor deposition process, on the other hand, is less resistant to high surface temperatures and pressures. As a result of these drawbacks, PVD is unsuitable for the aerospace sector.
 

Increasing application in the automotive industry will drive the overall ceramic coating market

Ceramic Coating Market by application

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The transportation & automotive segment was valued at USD 3 billion in 2020 and with a CAGR 7.5% is expected to reach USD 5 billion by 2027 due to the growing product adoption in the automotive industry. Ceramic coatings are widely used in the interior and exterior surfaces of vehicles. The surging automotive production, especially in the Asia Pacific and Europe, is a key factor influencing product demand. Ceramic coating is also used in engine parts to improve heat shielding, friction reduction, and wear resistance. It is also commonly used on the exteriors of automobiles for UV protection.
 

The aerospace & defense segment is anticipated to grow at a CAGR of 7.7% through 2027. The increased use of oxide and carbide coats in engine components, space shuttles, insulating tiles, rocket exhaust cones, and windshield glass integrated into aircraft is stimulating the overall market growth. According to the Aerospace Industries Association, the global aerospace & defense industry accounted for around USD 874 billion in 2020. Surging aircraft demand along with technological developments is further anticipated to boost the overall ceramic coating market growth.
 

Asia Pacific to witness significant growth throughout the assessment period

Ceramic Coating Market by region

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Asia Pacific accounted for the largest market share of around 40% in 2020. The region is expected to grow at a CAGR of 7.6% and account for USD 5 billion by 2027 due to the growing automobile production, mainly in China and India. Additionally, the rising usage of ceramic coatings in industrial applications will further boost industry growth in the near future.
 

Furthermore, increased product use in the steel industry for components such as chimneys, refractory pumps, and bearings is likely to drive market growth. Moreover, growing European aerospace industry, especially in countries including Germany, France, and Russia, is anticipated to enhance the ceramic coating market sales in the region.
 

Product expansion is one of the major strategic outlooks

Major players in the ceramic coating industry are primarily focused on offering cost-efficient products to enhance their business capabilities. Some players are expanding their presence in developing countries to cater to the increasing product needs. Key manufacturers in the ceramic coating market include Keronite Group, Cetek Ceramic Technologies Ltd., E.I. Du Pont De Nemours & Company, APS Materials, Inc., Praxair Surface Technologies, Inc., Kurt J. Lesker Co., Aremco Products, Inc., Bodycote PLC, Nasiol Nano Coatings, Ultramet, Morgan Technical Ceramics, and Saint-Gobain S. A., among others.
 

The ceramic coating market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons & revenue in USD billion from 2017 to 2027 for the following segments:

By Product Type

  • Oxide Coating
  • Carbide Coating
  • Nitride Coating
  • Others

By Technology

  • Thermal Spray
  • Physical Vapor Deposition (PVD)
  • Chemical Vapor Deposition (CVD)
  • Others

By Application

  • Transportation & Automotive
  • Energy
  • Aerospace & Defense
  • Industrial Goods
  • Healthcare
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Australia
    • Japan
    • Indonesia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

Authors: Kiran Pulidindi, Sayan Mukherjee

Frequently Asked Questions (FAQ) :

The global ceramic coating industry size is slated to exceed USD 13.54 billion by 2027 and is anticipated to record a growth rate of more than 7.3% from 2021 to 2027 due to the growing application scope in the aerospace and healthcare industries.

Ceramic coatings are inorganic materials that offer increased component longevity, decreased heat on high-temperature components, reduced friction, limited corrosion, and improved surface attractiveness in energy, aerospace & defense, industrial goods, and healthcare applications.

The ceramic coatings market share from the transportation & automotive application segment is poised to exceed USD 5 billion through 2027 driven by rising utility in the interior and exterior surfaces of vehicles and the fast-growing automotive production in the Asia Pacific and Europe.

Asia Pacific ceramic coatings market revenue is anticipated to strike a CAGR of 7.6% and record close to USD 5 billion up to 2027 impelled by the increasing automobile production rate in China and India.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 12
  • Tables & Figures: 231
  • Countries covered: 23
  • Pages: 220

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