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High performance ceramic coatings market to reach US$9.07 bn, driven by high demand from automotive and aerospace industries

A high-performance ceramic coating (HPCC) refers to a thin layer of ceramic on different substrates, which offers improved resistance against corrosion, wear and tear, and temperatures up to 15,000C. High-performance Ceramic Coatings are used for multiple automotive components, which is the leading cause for the growth of the global market. In addition to this, the aviation sector presents the need for high quality thermal protection for aircraft engines, which results in increased demand for HPCC. However, despite the surging need and demand for high-performance ceramic coatings, there are a handful of challenges that threaten the growth of the HPCC market. Dearth of skilled labor, high costs, and technological constraints limit the development of the global HPCC market.

Nevertheless, the high-performance ceramic coatings market is projected to recover thanks to opportunities presented by the development of nanoceramics and need for LCD and Si wafer manufacturing equipment. According to a report published by Transparency Market Research, the market for high-performance ceramic coatings is anticipated to grow from US$5.68 billion in 2013 to US$9.07 billion by 2020. The CAGR as forecast by the report stands at 7.0% from 2014 to 2020.

Get Free Sample of this Research:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1240

HPCC Market: North America Leads the Pack

Among the key regional markets for high-performance ceramic coatings, namely North America, Asia Pacific, Europe, and Rest of the World, North America held the largest share (34%) of the total demand in 2013. The most important factor that comes into play here is the tremendous growth of the aviation and automotive industries. Europe is the second-largest regional market for high-performance ceramic coatings with the demand primarily fueled by the same industries. Asia Pacific has been projected to grow at the fastest pace from 2013 to 2019, while the performance of the Rest of the World region will be largely stable.

Thermal Spray Coatings Largest Technology Segment

High-performance ceramic coatings are segmented on the basis of technology into sol-gel processing, physical vapor deposition (PVD), thermal spray coatings, and chemical vapor deposition (CVD). Registering the highest demand for high-performance ceramic coatings in recent years, the segment of thermal spray coatings held the highest share in the market. Chemical vapor deposition came in second, accounting for 16% of the total high-performance ceramic coatings market in 2013. However, with growing consciousness regarding eco-friendly technologies, this segment is expected to witness waning demand by 2019.

With the ability to use any kind of coating material on different substrates, physical vapor deposition is projected to be the most rapidly growing technology segment of the high-performance ceramic coatings market during the forecast period. Other technologies that are poised to attain increased significance in the coming years include electroplating, sol-gel processing, and hybrid physical-chemical vapor deposition (HPCVD).

Unprecedented Demand for HPCC from Automotive, Aviation Industries

High-performance ceramic coatings are used by a number of end-use industries such as chemical equipment, medical and healthcare, automotive, aviation, and power generation. The maximum demand for high-performance ceramic coatings stems from the automotive sector, followed by the aviation industry. In the automotive sector, high-performance ceramic coatings find applications in exhaust tailpipes and various engine components of high-performance and motorsport cars. The aviation industry is always in need of superior-performance aircraft engines, which is fulfilled by high-performance ceramic coatings. In both these end-use segments, HPCC are used to provide thermal protection to engine components such as cylinder, combustion chamber, pistons, and valves. The medical and healthcare and chemical equipment sectors also contributed towards the demand for high-performance ceramic coatings and played a significant role in the overall HPCC market in 2013.

The performance of the global HPCC market, like any other industry, depends significantly on its participants at various global and domestic levels. The presence of numerous players in the industrial landscape is a key factor that strengthens the high-performance ceramic coatings market. Some of the most prominent names of the HPCC market are Saint-Gobain S.A., Oerlikon Metco, Bodycote Plc, Swain Tech Coatings, Inc., Zircotec Ltd., Aremco Products, Inc., A & A Company, Inc., APS Materials, Inc., Ceramic Polymer GmbH, and Praxair Surface Technologies Inc.

Research Report:http://www.transparencymarketresearch.com/high-performance-ceramic-coatings.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Contacts

Transparency Market Research

Mr. Sudip S, +1-518-618-1030

USA-Canada Toll Free: 866-552-3453

[email protected]

http://www.transparencymarketresearch.com/



This post first appeared on Your Industry News Blog | The Global Leader For Yo, please read the originial post: here

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High performance ceramic coatings market to reach US$9.07 bn, driven by high demand from automotive and aerospace industries

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