Ceramic Coating Market Report

Ceramic Coating Market Analysis By Product (Oxide, Carbide, Nitride) By Technology, By Application (Automotive, Energy, Aerospace, Industrial Components, Healthcare), And Segment Forecasts, 2014 - 2025

Published: August 2017  |  127 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-589-2

Industry Insights

The global ceramic coatings market size was valued at USD 7.08 billion in 2016 and is likely to grow at an estimated CAGR of over 7.2% from 2017 to 2025. Ceramic coating promotes increased heat resistance coupled with fewer emissions to the atmosphere. These factors are likely to augment the market growth over the forecast period. Moreover, these products are gradually finding applications on metal parts in vehicles owing to its suitable properties of abrasion and corrosion resistance along with it being an excellent thermal barrier.

The aerospace & defense industry is exhibiting a trend of increasing consumption of oxide and carbide coatings. These coats are used exclusively in rocket exhaust cones, insulating tiles, for space shuttles, engine components and are embedded into the windshield glass of many airplanes.

U.S. ceramic coating market revenue by application, 2014 - 2025 (USD Million)

U.S. ceramic coating market

However, in line with current trend, there is an increased consumption of these coats in energy, healthcare, pharmaceutical and different niche applications. These niche applications also include surgical instrument, prosthetic limb & hip and personal hygiene products.

At present, the majority of the product demand is derived from the heavy industries such as steel, cement, and power manufacturing plants but is also observing increased demand from automotive industry. These coats are also gradually replacing wax in automotive polishes. However, owing to its steep expense, this method is not practiced at an accelerated pace in the Asia Pacific region.

Rising demand for these coats in the defense, aerospace, energy, healthcare and other industries is expected to push participants in the value chain to offer turnkey services along with providing engineering solutions. The cost of costing depends on the type of product i.e. oxide, carbide or nitride and the surface of application. The process is very much energy intensive and thus the overheads form a major part of the overall cost.

This market witnesses a dispersed regional supply-demand trend. The North American region is the hub of superior grade coats and is likely to continue being the major supplier of coating services & products. The Asia Pacific region during the forecasted period is expected to account for the highest demand share as few manufacturers are situated in this geographic.

Asia-Pacific’s share of ceramic coating production is exported mainly to the eastern Europe. Countries like China and India manufacture ceramic epoxy coatings which align to the material norms in that region. Coating solution for the Asian countries are usually imported from North America as the products manufactured in that region are suitable for complying the humidity effect in Asia Pacific.

Product Insights

Oxide coating generated the highest demand in 2016 and is estimated to showcase the similar trend till 2025. 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 on 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 component in this industry helps oil & gas exploring companies to reduce exploration cost and increase production. 

Carbide coats are expected to exhibit second highest growth rate. These coatings are expensive due to the high raw material and process cost. Carbide coatings are gradually venturing into the sports industry where it is used on applications such as horse hooves, golf clubs, and bicycles.    

Technology Insights

Thermal spray is the most popular means of deploying ceramic coatings on the surface. Thermal spray accounted for more than 65% of the demand. 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.

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. Along with the cost, thermal efficiency in this method is also higher than rest of the processes. 

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 it unsuitable for heavy industries and aerospace applications.

Application Insights

Ceramic coating is finding broad applications in transportation & automotive, energy, aerospace & defense, industrial components, healthcare. As of 2016, the global consumption of was majorly derived from the industrial components. EPA reported a rise of more than 11% in spending on anti-corrosion as well as efficiency enhancer coatings which will further aggravate the demand.

Global ceramic coating market volume by applications, 2016 (%)

Global ceramic coating market

Ceramic coatings are sprayed on industrial components such as refractory bricks, chimneys, and iron rods. Owing to its properties of abrasion and heat resistant along with added protective layer, it is expected to be widely generating demand from steel and power generation industry in the foreseeable future.

Ceramic coatings in the recent years are finding application scope in surgical instruments where it is used to harden the tool. This is the final and an essential form of a coating in prosthetic hips as it proportionately decreases the wear rates in prosthetic hips. In 2016, there were more than over 300,000 hip replacement surgery that took place.

These coatings increase the efficiency of the gas turbine engines which invariantly combats high operating temperature. Ceramic coatings enable aircraft engines to operate at elevated temperature, thus enhancing the 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 45% of the global consumption in 2016. The local demand can be characterized by humongous consumption from developing countries such as China, India, and Japan. However, in terms of revenue this region only accounts for a little above 35% owing to low cost in the region. Lower costs are mainly associated with inferior grade products and not the lower operational costs.

Increasing engineering component production in the region will probably trigger the regional demand over the forecast period. Most of the regional need comes from China, which is also a leading ceramic coating manufacturer. Japan accounts for around 20% of the regional consumption and is expected to maintain its dominance over the forecast period as well.

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

Competitive Insights

Key market players are showing an aggressiveness in establishing manufacturing plants in Asia Pacific region as it is expected to emerge to be the epicenter of the demand. With moderate environmental laws coupled with the friendly business environment, ceramic coating capacities would see a rampant rise in this region.

Some of the key market players in the industry are Bodycote, Praxair Surface Technologies, Keronite Group Ltd and Ultramet among few. Most of the players operating in the industry position themselves in all the stages of the value chain.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation

Volume in Kilo Tons, revenue in USD Million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., Germany, UK, France, China, Japan, India

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the ceramic coating market on the basis of product, technology, application and region:

  • Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • Oxide

    • Carbide

    • Nitride

    • Others

  • Technology Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • Thermal Spray

    • Physical Vapor Deposition

    • Chemical Vapor Deposition

    • Others

  • Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • Transportation & Automotive

    • Energy

    • Aerospace & Defense

    • Industrial Components

    • Healthcare

    • Others

  • Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

    • Europe       

      • Germany

      • France

      • UK

    • Asia-Pacific

      • China

      • India

      • Japan

    • Middle East & Africa (MEA)

    • Central & South America (CSA)

Key questions answered by the report
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