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Showing posts with the label Ceramic Coating Industry

Strategic Overview of Ceramic Coating Market | 2018 – 2025

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 shar