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CHEMICALS AND ADVANCED MATERIALS

High Performance Ceramic Coatings Market Segmentation by Technology (Thermal Spray, Physical Vapor Deposition, Chemical Vapor Deposition, and Others); and by End-User (Automotive, Aviation, Chemical Equipment, Medical, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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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.

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Purchasing power in the couPurchasing 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.                                                         Request Insights

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IN THE NEWS

  • November 15, 2021: The Dow Chemical Company introduced a solvent-free coating, that can minimize misting and improve production efficiency in high-speed coating operations

  • July 01, 2021: DuPont announced the successful acquisition of Laird Performance Materials, a global leader in high-performance thermal management solutions, flexible laminates, dry film photoresist, specialty films, and plating chemistries.

Global High Performance Ceramic Coatings Market Highlights over 2022 – 2031

The global high performance ceramic coatings market is estimated to grow at a CAGR of ~6% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the increasing demand for ceramic coatings for cars and other vehicles. High performance ceramic coatings or HPCC provides higher resistance to high temperature, and corrosion, which is estimated to boost the market growth. Along with this, the growing use of coatings in the automotive industry, backed by the increasing production of automobiles, is estimated to boost the market growth. For instance, it was observed that in 2020, more than 75 million cars were produced around the world. Along with this, the constant breakthrough in chemical industry, with the introduction of new and better products, is anticipated to boost the market growth.   

High Performance Ceramic Coatings Market

The market is segmented by end-user into automotive, aviation, chemical equipment, medical, and others, out of which, the automotive segment is anticipated to hold the notable share in the global high performance ceramic coatings market over the forecast period on account of increasing demand for vehicles amongst the individual, along with the demand for efficient protective coating for the vehicles. According to the data by the International Organization of Motor Vehicle Manufacturers, around 77.971 million units of cars were sold in 2020 globally. The rising sale of automobiles is expected to encourage the segment growth. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Chemicals (% of Value Added in Manufacturing) – 2016-2018

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global High Performance Ceramic Coatings Market Regional Synopsis

On the basis of geographical analysis, the global high performance ceramic coatings market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of increasing production and demand for automobiles in the countries, such as, Japan, and India. For instance, according to the data by India Brand Equity Foundation (IBEF), in 2019-20, the total passenger vehicles sales in India crossed 2.8 million units.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the presence of major automobile manufacturers in the region, along with the rising demand for high-resistance coatings for the vehicles.

High Performance Ceramic Coatings Market Share

The global high performance ceramic coatings market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global high performance ceramic coatings market includes the following segments:

By Technology

  • Thermal Spray
  • Physical Vapor Deposition
  • Chemical Vapor Deposition 
  • Others

By End-User

  • Automotive
  • Aviation
  • Chemical Equipment
  • Medical
  • Others

Growth Drivers

  • Growing Demand for High Resistant Coatings for Vehicles
  • Increasing Production of Automobiles Globally

Challenges

  • High Cost of Production of HPCC

Top Featured Companies Dominating the Market

  • A.W. Chesterton Company
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Cetek Ceramic Technologies Ltd.
  • APS Materials Inc.
  • The Dow Chemical Company
  • DuPont de Nemours, Inc.
  • Praxair Surface Technologies, Inc.
  • Bodycote plc.
  • Kurt J. Lesker Company
  • A&A Thermal Spray Coatings
  • Aremco Products, Inc.

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