The global high performance ceramic coatings market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2022 – 2031. The market is segmented by end-user into automotive, aviation, chemical equipment, medical, and others. Out of these, the automotive segment is anticipated to hold the notable share over the forecast period owing to the increasing sale of automobiles. According to the data by the International Organization of Motor Vehicle Manufacturers, around 77.971 million units of cars were sold in 2020 globally. Moreover, the demand for efficient protective coating for the vehicles is estimated to fuel the segment growth.
Research Nester published a report titled “High Performance Ceramic Coatings Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global high performance ceramic coatings market in terms of market segmentation by technology, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global high performance ceramic coatings market is estimated to grow on the back of higher resistance to temperature and corrosion provided by high performance ceramic coatings or HPCC. Moreover, the tough outer shell of a dried ceramic coating can chemically bond to the metal substrate, providing insulation, and friction resistance to the surface. Such factors make HPCC ideal for coating over automobiles especially cars. The growing demand for high resistance coatings in vehicles is estimated to boost the market growth. Furthermore, the increasing manufacturing and sales of automobiles are also estimated to boost the market growth.
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On the basis of geographical analysis, the global high performance ceramic coatings market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the presence of major automobile manufacturers in the region. Along with this, the increasing production and demand for automobiles is also estimated to propel the market growth.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Manufacturing of Vehicles to boost the Market Growth
It was noted that in 2020, more than 75 million cars were produced around the world.
HPCC are extensively used as outer protective coating for the automobiles, as it is heat and corrosion resistant. As a result, the increasing production of vehicles will directly increase the demand for high performance ceramic coatings. Moreover, the growing concerns amongst people regarding vehicular coatings, is further estimated to fuel the market growth.
However, high cost of production is expected to operate as key restraint to the growth of global high performance ceramic coatings market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global high performance ceramic coatings market which includes company profiling of A.W. Chesterton Company, Cetek Ceramic Technologies Ltd., APS Materials Inc., The Dow Chemical Company, DuPont de Nemours, Inc., Praxair Surface Technologies, Inc., Bodycote plc, Aremco Products, Inc., Kurt J. Lesker Company, and A&A Thermal Spray Coatings. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global high performance ceramic coatings market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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