Chemicals and Advanced Materials

Ceramic Coatings Market Analysis by Product (Oxide, Carbide, Nitride, and Others); by Technology (Thermal Spray, Physical Vapor Deposition, Chemical Vapor Deposition, and Others); and by Application (Automotive & Transportation, Energy, Aerospace, & Defense, Industrial Goods, Healthcare, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Report ID: 4550 | Published On: Dec 08, 2022

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Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.

In The News

  • DuPont de Nemours, Inc. has acquired Laird Performance Materials, a world leader in high-performance electromagnetic shielding and thermal management solutions.
  • The Dow Chemical Company has launched solvent-free SYL-OFF SL 184 Coating, an energy-efficient alternative that is expected to maintain the overall performance.

Global Ceramic Coatings Market Size, Forecast, and Trend Highlights Over 2023 - 2033

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Key Questions Answered in the Report

1) What are the major factors driving the growth of the ceramic coatings market?

Ans: The high demand of automotive by the burgeoning population along with the expansion of construction industry is expected to bring lucrative opportunities in the market growth.

2) What would be the CAGR of ceramic coatings market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2023 – 2033.

3) What are the challenges affecting the ceramic coatings market growth?

Ans: The high consumption of energy along with the overpriced costs of ceramic coatings and high-level investment are some of the factors that are anticipated to hamper the market growth.

4) Which region will provide more business opportunities for growth of ceramic coatings market in future?

Ans: The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

5) Who are the major players dominating the ceramic coatings market?

Ans: The major players in the market are The Dow Chemical Company, DuPont de Nemours, Inc., Integrated Global Services, Inc., A.W. Chesterton Company, APS Materials, Bodycote plc, Praxair S.T. Technology, Inc. (Linde plc), Aremco, Saint-Gobain Group, Keronite, and other key players.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the ceramic coatings market?

Ans: The market is segmented by product, technology, application, and by region.

8) Which segment captures the largest market size in application in the ceramic coatings market?

Ans: The automotive & transportation segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

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