Increasing utilization in automobile engine components and the aerospace & defense industry is projected to propel the market growth over the next eight years. The Global Ceramic Coating Market is expected to reach USD 13.1 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 7.2% over the forecast period.
Ceramic coatings are being extensively used in the automobile and transportation industry owing to its anti-corrosion properties and offering resistance to abrasion and heat. Ceramic coatings are also used for providing a finished polish look on the exterior body of cars slowly replacing wax.
With growing research and development activities, ceramic coatings are venturing into wider application segments. Currently, automobile and transportation are expected to be the largest application for ceramic coatings. However, with further product innovations, the ceramic coating is likely to have larger application share than its counterparts such as PTFE or regular coatings.
To Know More About Ceramic Coating Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/ceramic-coatings-market
Acquisition and joint ventures are an integral part of this market and allow companies to expand their market position and hold. Recent strategic initiatives signify that the end-use companies are acquiring/merging with companies possessing technology and patents for producing the ceramic coating to reduce the process cost and thus the final product prices.
Top Players of Ceramic Coating Market:
Some of the key market players in the industry are Bodycote, Praxair Surface Technologies, Keronite Group Ltd and Ultramet among few.
Market Segmentation of Ceramic Coating Market:
The Global Ceramic Coating Market segmented on the basis of Product, Technology and Application.
By Product:
Oxide
Carbide
Nitride
By Technology:
Thermal Spray
Physical Vapor Deposition
Chemical Vapor Deposition
By Application:
Transportation & Automotive
Energy
Aerospace & Defense
Industrial Components
Healthcare
Inquire about Ceramic Coating Market with Our Experts @ https://www.grandviewresearch.com/inquiry/785
Ceramic coatings are being extensively used in the automobile and transportation industry owing to its anti-corrosion properties and offering resistance to abrasion and heat. Ceramic coatings are also used for providing a finished polish look on the exterior body of cars slowly replacing wax.
With growing research and development activities, ceramic coatings are venturing into wider application segments. Currently, automobile and transportation are expected to be the largest application for ceramic coatings. However, with further product innovations, the ceramic coating is likely to have larger application share than its counterparts such as PTFE or regular coatings.
To Know More About Ceramic Coating Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/ceramic-coatings-market
Acquisition and joint ventures are an integral part of this market and allow companies to expand their market position and hold. Recent strategic initiatives signify that the end-use companies are acquiring/merging with companies possessing technology and patents for producing the ceramic coating to reduce the process cost and thus the final product prices.
Top Players of Ceramic Coating Market:
Some of the key market players in the industry are Bodycote, Praxair Surface Technologies, Keronite Group Ltd and Ultramet among few.
Market Segmentation of Ceramic Coating Market:
The Global Ceramic Coating Market segmented on the basis of Product, Technology and Application.
By Product:
Oxide
Carbide
Nitride
By Technology:
Thermal Spray
Physical Vapor Deposition
Chemical Vapor Deposition
By Application:
Transportation & Automotive
Energy
Aerospace & Defense
Industrial Components
Healthcare
Inquire about Ceramic Coating Market with Our Experts @ https://www.grandviewresearch.com/inquiry/785
Comments
Post a Comment