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June 19, 2015
By: Catherine Diamon
The report “Ceramic Coatings Market by Type (Oxide coatings, Carbide coatings, Nitride coatings, and others), by Technology (Thermal spray, PVD, CVD, and Others), by Application (Transportation & Automotive, Energy, Aerospace & Defense, Industrial goods, Healthcare, and Others) – Global Trends & Forecasts to 2020”, defines and segments the global ceramic coatings market with an analysis and forecast for technology, types, and applications by volume as well as value. The global ceramic coatings market is expected to grow at a CAGR of 7.50% from 2015 to 2020 to reach a value of USD 10.12 Billion by 2020. Asia-Pacific dominated the ceramic coatings market in 2014 and accounted for over 40% of the market by value. The U.S. is the topmost customer of ceramic coating by country, globally with a CAGR of 6.63% in terms of value between 2015 and 2020. On the other hand, rest of the world including Middle East, Africa, and South America is expected to witness the highest growth rate by 2020. High performance ceramic coatings are widely preferred nowadays by many manufacturers and find major applications in aerospace, automotive, healthcare, energy, defense, fiber-optic communications and environmental protection sectors. “Nitride Coatings is the second fastest-growing segment by type, and thermal spray dominates as the key technology in the ceramic coatings market.” Thermal spray takes the topmost positions in the ceramic coatings market with more than 64% share by value. The second highest growth rate till 2020 in the ceramic coatings market is expected to come from nitride coatings used in different industrial applications which will continue to expand in the coming years. Oxide coatings dominate the ceramic coating market by type in terms of volume and value.
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