Ceramic Coating Market (By Product: Oxide, Carbide, Nitride; By Technology; By Application: Automotive, Energy, Aerospace, Industrial Goods, Healthcare) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030.

Published Date : Jun 2022 | No. of Pages : 150+ Pages | Category : Chemical and Material

The global ceramic coating market was valued at USD 9.8 billion in 2021 and it is predicted to surpass around USD 19.3 billion by 2030 with a CAGR of 7.82% from 2022 to 2030.

Ceramic Coating Market Size 2021 to 2030

This is due to the increasing utilization of automobile engine components and the aerospace & defense industry, which is projected to propel the market growth during the forecast period. Furthermore, ceramic coatings are being extensively used in the automobile and transportation industry, owing to their anti-corrosion properties and offering resistance to abrasion and heat. Ceramic coatings are also used for providing a finished polish look on the exterior body of cars slowly replacing wax.

With growing research and development activities, ceramic coatings are venturing into wider application segments. Currently, automobiles and transportation are expected to be the largest application for ceramic coatings. However, with further product innovations, ceramic coating is likely to have a larger application share than its counterparts, such as PTFE or regular coatings. For instance, in 2021, IGL Coatings launched graphene reinforced product Eco coat Kenzo. Eco coat Kenzo revolutionized the ceramic coatings industry by developing a zero-VOC, high-solids recipe. Its unique high solids recipe distinguishes it, resulting in global demand for the smooth and bright ceramic coating.

The COVID-19 pandemic significantly impacted the ceramic coatings industry. Demand for all categories dropped drastically in 2020 due to manufacturing disruptions in key end-use industries. As the ceramic coating industry does not fall under essential services, it experienced a negative impact on the year-on-year growth rate due to reduced demand from key sectors such as automotive, aerospace, steel, electronics, and others.

Scope of The Report

Report Coverage Details
Market Size in 2021 USD 9.8 billion
Revenue Forecast by 2030 USD 19.3 billion
Growth rate from 2022 to 2030 CAGR of 7.82%
Base Year 2021
Forecast Period 2022 to 2030
Segmentation Product, technology, application, region
Companies Covered Bodycote, Praxair Surface Technologies, Inc., Aremco Products, Inc., APS Materials, Inc., Cetek Cermaic Technologies Ltd., Keronite Group Ltd., Saint-Gobain S.A., Element 119, NanoShine Ltd., Ultramet, Inc.

 

Product Insights

The oxide segment accounted for 57.2% of the global revenue share in 2021. Oxides are cheaper in comparison to other coatings such as carbide and nitride. This type of coating is used in the steel industry, where it is applied to refractory bricks, chimneys, guide bars, pumps, and bearings. Oxide & carbide coats are also heavily consumed in the oil & gas industries, where it is utilized in mud rotors, pump sleeves, MWD equipment, and valve components. Applying coatings on service components in this industry helps oil & gas exploring companies reduce exploration costs and increase production. 

The carbide segment is expected to expand at a CAGR of 7.7% during the forecast period. Carbide coatings are expensive due to the high raw material and process costs. Carbide coatings are gradually venturing into the sports industry, where it is used on applications such as horse hooves, golf clubs, and bicycles. In October 2020, XPEL, Inc. revealed product line expansion for its FUSION PLUS automotive ceramic coating. The automotive ceramic coating line-up now includes unique materials created to protect brake calipers, glass, and wheels, along with trim surfaces, plastic, and upholstery. 

Technology Insights

Thermal spray is the most popular means of deploying ceramic coatings on the surface. Thermal spray accounted for around 74% of the revenue share in the global market. This mode of application is the most popular choice among ceramic coating producers as it can be used for almost every material composition and has high density. In April 2020, Bodycote completed the acquisition of Ellison Surface Technologies. This acquisition led to the creation of the largest engineered coating surface technology and thermal spray services in the world. Physical Vapor Deposition or PVD is also likely to demonstrate significant growth in this segment. The primary factor associated with the increase in consumption is its cheaper cost.

Furthermore, along with the cost, this method is also more energy-efficient than the rest. However, PVD has some limitations, as the velocity of spraying of this method is low. Coatings applied through PVD have less resistance to high temperatures and surface pressures. Therefore, making them unsuitable for heavy industries and aerospace applications.

Application Insights

Ceramic coating is finding broad applications in transportation & automotive, energy, aerospace & defense, industrial goods, and healthcare. Global consumption was majorly derived from industrial goods. The Environmental Protection Agency (EPA) reported a rise in spending on anti-corrosion as well as efficiency enhancer coatings, which will further aggravate the demand. Ceramic coatings are also sprayed on industrial goods, such as refractory bricks, chimneys, and iron rods. Its properties of abrasion resistance and heat resistance, along with its added protective layer, will make it widely in demand in the steel and power generation industries in the near future.

Ceramic coatings in recent years are finding application scope in surgical instruments, where it is used to harden the tool. This is the final and essential form of a coating in prosthetic hips as it proportionately decreases the wear rates in prosthetic hips. In the U.S. alone, around 330,000 hip replacement surgery takes place each year. These coatings increase the efficiency of the gas turbine engines, which invariantly combats high operating temperatures. Ceramic coatings enable aircraft engines to operate at elevated temperatures, thus enhancing performance. Product demand is expected to witness an exponential increase owing to its extensive utilization in the aerospace and defense industry.

Regional Insights

Asia Pacific dominated the market with more than 40% of the global consumption in 2021, owing to the low cost in the region. Lower costs are mainly associated with inferior grade products and not lower operational costs. The local demand can be characterized by humongous consumption from developing countries, such as China, India, and Japan. In April 2021, Oerlikon Balzers opened its first customer center in Vietnam, expanding its coating operations in Asia. The company has made strategic investments to increase its footprint in the booming Asian market.

Increasing engineering component production in the region will probably trigger the regional demand during the forecast period. Most of the regional need comes from China, which is also a leading ceramic coating manufacturer. Japan accounts for around 25% of the regional consumption and is expected to maintain its dominance during the forecast period as well.

Europe and North America together are responsible for around half of the global needs. Well-established automobile and aerospace industries have helped the regions to achieve this level of ceramic coating consumption. The automotive and healthcare products sectors are expected to drive future market growth.

Key Players

  • Bodycote
  • Praxair Surface Technologies, Inc.
  • Aremco Products, Inc.
  • APS Materials, Inc.
  • Cetek Cermaic Technologies Ltd.
  • Keronite Group Ltd.
  • Saint-Gobain S.A.
  • Element 119
  • NanoShine Ltd.
  • Ultramet, Inc.

Market Segmentation

  • By Product Outlook
    • Oxide
    • Carbide
    • Nitride
    • Others
  • By Technology Outlook
    • Thermal Spray
    • Physical Vapor Deposition
    • Chemical Vapor Deposition
    • Others
  • By Application Outlook
    • Transportation & Automotive
    • Energy
    • Aerospace & Defense
    • Industrial Goods
    • Healthcare
    • Others
  • By Regional Outlook
    • North America
      • The U.S.
    • Europe       
      • Germany
      • France
      • UK
    • Asia-Pacific
      • China
      • India
      • Japan
    • Middle East & Africa (MEA)
    • Central & South America (CSA)

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