- Growing use of high performance ceramic coatings, particularly to achieve heat and corrosion resistance, across multiple industries propelling revenue streams; massive demand in the dental sector underpins huge prospects
- Abundant demand in automotive industries to boost revenue streams in North America; Asia Pacific The market for high performance ceramic coatings is teeming with opportunity, fueled by the application in the semiconductor industry
WILMINGTON, Del., September 26, 2022 /PRNewswire/ — Global demand for high-performance ceramic coatings has been propelled by their increasing use in dental implants and in the semiconductor industry. Several other industries quickly adopted the products, due to their wear and corrosion prevention effects. The high performance ceramic coatings market is expected to grow at a CAGR of 7% during the forecast period 2020-2030.
The automotive and aerospace industries are seeing massive product adoption, fueled by the performance benefits of high performance ceramic coatings such as UV resistance, excellent chemical resistance and durability. Coatings manufacturers are leveraging the exploration of new chemistries to target new application areas in the medical, machinery, chemical equipment, aviation, oil & gas, and defense sectors, creating thus future business opportunities in the high performance ceramic coatings market.
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Key Findings from the High Performance Ceramic Coatings Market Research
- Growing use in manufacturing of dental implants to create lucrative avenues: The increasing use of a wide range of ceramic coatings in dental implants has boosted growth opportunities for companies in the high performance ceramic coatings market. A number of bioactive ceramic coating materials have been adopted. The growing prevalence of dental implants has boosted awareness of the products. The demand for dental implants has increased significantly to replace missing teeth, thereby opening significant opportunities for key players operating in the high performance ceramic coatings market.
- Growing use in corrosion protection and heat resistance in many industries: Ceramic is gaining ground for use as a high performance coating in various end-use industries. They have gained popularity for providing long-term corrosion resistance for a variety of appliances and equipment, thus enriching the market prospects for high performance ceramic coatings.
- Booming semiconductor production presents many profitable opportunities: The increase in demand for high performance ceramic coatings in the semiconductor industry offers many opportunities. The increase in semiconductor manufacturing to meet growing demand from the consumer electronics industry worldwide has spurred the use of high performance ceramic coatings. Thus, advancements in the semiconductor industry will unlock huge revenue potential and create incredible opportunities for the high performance ceramic coatings market.
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High Performance Ceramic Coatings Market: Key Drivers
- The demand for high performance coating solutions in the semiconductor industry is a key driver for the high performance ceramic coatings market. Coatings have proven their benefits in ensuring the performance of parts and equipment against corrosion, wear and tear resistance, especially in high temperature applications.
- The growing use of coatings in the automotive and aerospace industries is expanding the lucrative avenues in the high performance ceramic coatings market
High Performance Ceramic Coatings Market: Regional Growth Dynamics
- Sellers are finding substantially lucrative opportunities in North America. The study observed that much of the demand for high performance ceramic coatings came from the automotive and aerospace industries.
- The Asia Pacific The high performance ceramic coatings market is estimated to witness huge revenue streams during the forecast period. The regional market is propelled by the growing demand for products in the semiconductor industry. It should be noted that governments are increasingly supporting semiconductor production through various programs such as Production Linked Incentives (PLI). A few economies in the region have emerged as major global chip exporters, bolstering the outlook.
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High Performance Ceramic Coatings Market: Key Players
Some of the major market players are Zircotec, A&A Company, Inc, Praxair Surface Technologies, Inc., Bodycote Plc, Saint Gobain SA, Ceramic Polymer GmbH, and Aremco Products, Inc.
Segmentation of the high performance ceramic coatings market
Technology
- Thermal Spray
- physical vapor deposition
- Chemical vapor deposition
- Others (including SHS reactive arc sputtering, hard coating and magnetron sputtering)
Final user
- Automotive
- Aviation
- chemical equipment
- Medical
- Others (including defence, general industrial tools and machinery, oil and gas, and energy)
- machinery, oil and gas and energy)
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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