Ceramic Coatings Market Trends

Growth Drivers

• An Upsurge in Aircraft Manufacturing- In order to protect the aircraft from damage and enhance its appearance, ceramic coatings may be used on a plane's surface. In order to provide a smooth and aeroponic finish, those coating applications may be used for the exterior of aircraft components such as planes' fuselages or wings. In addition, these paint agents can also be used in aircraft engines with a view to improving performance and reducing fuel consumption. For instance, the global production of aeroplanes increased by approximately 9% to 2789 aircraft in 2019.
• Surging Demand for Medical Instruments- When used during surgery or other procedures, ceramic coating of medical instruments has superior insulation properties and no adverse effect on the living tissue or cells. These paints facilitate the reduction of tissue adherence for various surgery ablators, such as blades, knives, and so on, enabling surgeons to achieve better-cutting accuracy and a simpler device cleaning process. The United States, with more than USD 28 billion in exports according to the report published in 2020, was the biggest exporter of healthcare equipment followed by Germany at around EUR 11 billion.
• Increasing Installations of Solar Panels- A large use of ceramic paint for conductive coatings is made in solar panel production. The protection from mineral damage and discoloration of the glass is provided by this coating. In addition, these coatings protect solar mirrors and enable them to withstand extreme temperatures. As an example, by 2022, around 3.8 million homes in Australia will have had the option of having a Solar Energy System.

Challenges

• Hefty Cost of Ceramic Coatings- The high price of ceramic coating, as well as the significant time required to apply it in an effective manner on certain surfaces are reasons for its high cost. Consequently, this factor is estimated to hamper growth in the market over the next few years.
• Sufficient Levels of Investments are Required Which Could be a Restraining Factor
• Availability of Cheaper Substitutes Which May Hinder the Growth of the Market