Ceramic Coatings Market Trends

  • Report ID: 4550
  • Published Date: Oct 09, 2024
  • Report Format: PDF, PPT

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

Global Ceramic Coatings Market: Key Insights

Growth Drivers

  • Growth in Automotive Industry – Ceramic coatings are being utilized on metal parts in vehicles owing to its characteristics which include corrosive and abrasive resistance properties. Further, ceramic coatings are useful in lowering the heat absorption and making the vehicles fuel-efficient. Therefore, the growth in automotive industry is forecasted to increase the sales of ceramic coatings in the assessment period. The recent statistics reveal that the global automotive industry is expected to reach approximately USD 9 trillion by 2030.  

  • Soar in Number of Vehicles on the Roads – The recent urbanization has led the number of vehicles on the roads to increase. As a result, the adoption rate of ceramic coatings is expected to also surge considerably. The latest reports suggest that were approximately 2 billion vehicles on roads across the globe by the end of first quarter of 2022.

  • Rising Concern Regarding Carbon Dioxide Emission – International Energy Agency revealed the data of carbon dioxide emission to be 36.2 gigatonnes in 2021, a 6% increase from the previous year.

  • Expanding Gross Domestic Product (GDP) Figures – According to World Bank, the world Gross Domestic Product was USD 86.41 trillion in 2018, which rose to USD 96.1 trillion in 2021. 

Challenges

  • High Consumption of Energy
  • Overpriced Costs of Ceramic Coatings
  • High-Level Investment

The ceramic coatings market is segmented and analyzed for demand and supply by application into automotive & transportation, energy, aerospace, & defense, industrial goods, healthcare, and others. Out of these, the automotive & transportation segment is attributed to garner the highest market share by 2033, owing to high demand of vehicles. International Organization of Motor Vehicle Manufacturers (OICA), released the global sales of vehicles statistics which revealed that it rose from 56,398,471 units in 2021 to 53,917,153 units in 2020. Whereas, the global production of vehicles calculated to be 57,054,295 units in 2021, an increase from 55,908,989 units in 2020.

Base Year

2024

Forecast Year

2025-2037

CAGR

7.8%

Base Year Market Size (2024)

USD 11.94 billion

Forecast Year Market Size (2037)

USD 31.7 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Author Credits:  Rajrani Baghel


  • Report ID: 4550
  • Published Date: Oct 09, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of ceramic coatings is evaluated at USD 12.69 billion.

The ceramic coatings market size was valued at USD 11.94 billion in 2024 and is projected to exceed USD 31.7 billion by the end of 2037, expanding at over 7.8% CAGR during the forecast period i.e., between 2025-2037. An upsurge in aircraft manufacturing, surging demand for medical instruments, and increasing installation of solar panels will drive the market growth.

Asia Pacific industry is poised to account for largest revenue share 50% by 2037, impelled by rapid development of the construction sector in the region.

The major players in the market are The Dow Chemical Company, Compagnie de Saint-Gobain S.A., A.W. Chesterton Company, Bodycote plc, Aremco Products Inc., NANOSHINE GROUP CORP, EXPEL, Inc., A&A Company, Inc., OC Oerlikon Corporation AG, and others.
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