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The developed regions dominate the ceramic coatings market. Country-wise, U.S. is the top most consumer of ceramic coating globally
Ceramic coatings are generally applied on metal or metallic alloy components or on the ceramic components. These can be further classified into oxide coatings, carbide coatings, nitride coatings, and others. Ceramic coatings are generally used for wear, high temperature, and corrosion resistant applications. All ceramic coatings deliver some level of performance in each of these three major areas.
Nitride coating is the fastest growing in the type segment of the ceramic coatings market and will be growing at a healthy growth rate from 2014 to 2019. Within the ceramic coating applications, transportation and automotive will drive majority of the future growth in the ceramic coatings market. New product developments, capacity and business expansions, and the increasing demand for plasma-sprayed ceramic coating in semiconductor and LCD equipment will push the ceramic coatings market in the near future.
The developed regions dominate the ceramic coatings market. Country-wise, U.S. is the top most consumer of ceramic coating globally and is also its largest market for growing at a CAGR of 6.63% in terms of value by 2019. North America, Europe, and Asia-Pacific dominated the Ceramic Coatings market in 2013 and accounted for over 90% of the market. On the other hand, Rest of the world including Middle East, Africa and South America is expected to witness the fastest growth rate by 2019.
The major market players have invested large amounts in the emerging countries for entering and enhancing their market position through capacity expansion and new plant establishments. Increase in the use of ceramic coating in the automotive components, semiconductors, and electronics are going to be the key growth drivers for future of ceramic coatings business.
Ceramic Coatings Market by Technology (Thermal Spray, PVD, CVD, Others), by Type (Oxide, Carbide, Nitride - Coatings) and by Application (Transportation & Automotive, Energy, Aerospace & Defense, Healthcare) - Global Trends & Forecast to 2019
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