High Performance Ceramic Coatings Market size is predicted to reach USD 17.50 Billion by the end of 2035, growing at a CAGR of 9% during the forecast period, i.e. 2023-2035. In the year 2022, the industry size of high performance ceramic coatings was USD 10 Billion. The reason behind the growth is owing increasing need for high-resistant coatings for automobiles. For instance, to meet this demand high performance ceramic coatings are increasingly being applied to automobile components to minimize friction, increase wear resistance, and improve heat resistance.
The growing need for outstanding thermal barriers in aircraft engines is believed to fuel the market growth. For instance, with the majority of the region being in the hot, tropical zone, the general aviation planes in the region employ various materials for thermal insulation such as thermal barrier coatings (TBCs) which insulate a metal component such as an aircraft's gas turbine or engines while allowing it to operate at extremely high temperatures.
Growth Drivers
Challenges
|
Base Year |
2022 |
|
Forecast Year |
2023-2035 |
|
CAGR |
~9% |
|
Base Year Market Size (2022) |
~ USD 10 Billion |
|
Forecast Year Market Size (2035) |
~ USD 17.50 Billion |
|
Regional Scope |
|
End-User Industry (Automotive, Aviation, Chemical Equipment, Medical)
The automotive segment in the high performance ceramic coatings market is estimated to gain a robust revenue share of 40 % in the coming years. The increasing demand for fuel-efficient vehicles is anticipated to create numerous opportunities for the growth of the segment in the coming years. For instance, the demand for fuel efficiency in vehicles can be achieved by using high performance ceramic coatings insulation decreases fuel consumption by creating a barrier between the car and the air, which helps to keep heat from escaping. For instance, there is at least one vehicle in the year 2021 among 91 % of the households in America.
Technology (Thermal Spray, Physical Vapor Deposition, Chemical Vapor Deposition)
High performance ceramic coatings market from the thermal spray segment is set to garner a notable share in the near future. The growth of the segment is driven by rising demand for thermal spray in medical. For instance, thermal spray coatings are versatile and extensively used on medical equipment for a variety of reasons they also aid surgical instruments and biomedical devices to resist wear and tear, prevent corrosion, and increase overall durability and performance.
Our in-depth analysis of the global high performance ceramic coatings market includes the following segments:
|
Technology |
|
|
End-User |
|
North America Market Statistics
The high performance ceramic coatings market in North America, is predicted to account for the largest gain of 37 % by the end of 2035. The market growth in the region is impelled by the existence of major automobile manufacturers. As more vehicles with improved aesthetics and efficiency are produced, the demand for high-performance ceramics will rise since they are a high-tech option for keeping the automobile's appearance of the car as good as new. Moreover, there has been a growing aerospace sector in the region. For instance, to meet the rising need for air travel there is a growing production of aircraft in the region, which involves the use of ceramic coatings. For instance, as of 2023, there are more than 1,700 aircraft, engine, and parts manufacturing organizations in the United States.
Asian Pacific Market Forecast
The Asian Pacific high performance ceramic coatings market is estimated to be the second largest, during the forecast timeframe. This can be propelled by the rising disposable income the number of vehicles on the road is increasing, which is also driving the demand for high performance ceramic coatings in the region. Also, the increasing partnerships and collaborations among the organizations are strengthening the capacities of the players in the Asia Pacific region.
Author Credits: Smruti Ranjan, Rajrani Baghel
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?