The increased automotive production in these countries is likely to boost sales of ceramic coating in automobiles. The ceramic coating market size is expected to be worth US$ 10.49 billion in 2022 and US$ 21.82 billion by 2032, with a 7.6 percent CAGR from 2022 to 2032. The growing demand for ceramic coating in developing countries is expected to propel the ceramic coating market share forward.
Due to its high anti-corrosion and abrasion resistance, ceramic coating is used extensively in the steel industry, including on chimneys, refractory pumps, bearings, and bricks.
The ceramic coating market size is expected to grow throughout 2032 due to properties such as corrosion resistance, wear, shock resistance, and hardness. The use of ceramics as transparent conductive coatings (TCOs) in solar panels increased the demand for ceramic coating.
Installing solar PV systems in residences, commercial buildings, and industrial facilities is likely to improve the ceramic coating market outlook throughout the forecast period. Therefore, increased solar panel usage is anticipated to boost sales of ceramic coating solutions.
Demand for ceramic coating is expected to rise as the coating promotes improved heat resistance and lower atmospheric emissions. These factors are expected to drive the ceramic coating market share during the forecast period.
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Competitive Landscape
There are a few significant participants in the moderately fragmented ceramic coating market. The main focus of the industry’s major participants is on offering items that are affordable so that they can expand their commercial potential.
Key competitors are aggressively constructing manufacturing facilities in the industry, which is anticipated to become the epicentre of demand. During the projection period, ceramic coating market share is anticipated to rise thanks to reasonable environmental regulations and a favorable business climate.
The following companies are among the major players in the global ceramic coating market: APS Materials, Inc., Bodycote, Praxair Surface Technologies, Kurt J. Lesker Company, and Ferro Corporation.
Key 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
“The key reasons propelling the expansion of the ceramic coating market share over the forecast period include the increasing automotive industry, soaring demand for innovative coatings with exceptional attributes, expanding healthcare and aerospace sectors, and rising demand for antiviral coatings.”- Future Market Insights Analyst.
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