The global high performance ceramic coatings market is expected to experience a lucrative growth in the next eight years owing to the increasing application in electronics, aerospace, automotive and consumer goods. Ceramic coatings are inorganic materials which are treated and used at high temperatures. The product is normally silicon nitride, chromium, alumina-magnesia, alumina, silica, hafnia, silicon carbide, zirconia and titania based compositions. Increasing demand for wash proof coatings in aerospace and automotive industries coupled with the growth of the individual industries are projected to stimulate the expansion of the market. Advancements in plasma sprayed coating practices are anticipated to expand application scope of the product in LCD panels and semiconductors used in various electronics over the forecast period.
The high performance ceramic coatings market is segmented by the technology employed which comprises chemical vapor deposition, thermal spray, and physical vapor deposition. Thermal spray coating technique is expected to experience growth owing to long self-life of the finished products and high precision. The product is projected to witness increased share on account of increasing usage in advanced metals and oil & gas over the forecast period.
High performance ceramic coatings provide an admirable resistance from corrosion and thermal protection and early depreciation; therefore, they are applied to engine components, turbine blades, and vanes to provide protection against corrosion and heat. The rapid expansion of the semiconductor industry is anticipated to augment the demand for the product over the next eight years.
TBCs are unable to go through various degradation modes including mechanical scrunching of the bond coat in the process of thermal cyclic exposure, particularly, coatings in aircraft engines; hot corrosion, accelerated oxidation, molten deposit degradation. There are issues with oxidation of the TBC also, which reduces the life of the metal drastically, which leads to thermal fatigue. TBC components match well with thermal expansion coefficients between all layers which are the key feature of the product. Thermal barrier coatings contract and expand at different rates upon cooling and heating of the environment owing to which a strain is introduced which leads to cracking and ultimately failure of the coating which is expected to act as a restraint to the product.
On the basis of product type, the market is classified into oxides, carbides, and nitrides. Oxides are projected to capture major share over the forecast period on account of extensive applicability and significant availability. On account of increasing application in electrical & electronic industries nitride, based ceramic coatings are estimated to have above average growth rates in the near future. In terms of end-use, ceramic coatings find application in various sectors including aerospace & defence, automotive, energy and healthcare industries. Ceramic coatings demand in the healthcare industry is anticipated to grow over the forecast period on account of increasing usage of plasma sprayed hydroxyapatite coatings among the dental surgeons. The product is used in dental implants and is observed to have better bone apposition over conventional metal implants over the forecast period.
North America is anticipated to dominate the global high performance ceramic coatings market on account of increasing expenditure on defense equipment and aerospace. The U.S. federal government framed the ‘National Space Policy’ for encouraging investment both in the military & civilian space programs. Such initiatives are anticipated to strengthen further North America’s position in the global market. The growth of automotive and energy industries in China, India, Brazil, Saudi Arabia, Mexico, and Japan will propel industry expansion over the forecast period. Market growth in these regions is further supported by increasing demand for high durability coating materials in electrical & electronics industries over the next eight years.
The major participants operating in the sector include APS Materials Inc., Bodycote PLC, Praxair Surface Technologies Inc, Kurt J. Lesker Co. DuPont, Saint-Gobain, Cetek Ceramic Technologies Ltd and Aremco Products Inc.
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The prevailing pandemic situation has led to weakened demand for paints and coatings in automotive, construction, electronics, and white goods. The path to recovery of growth for the industry is highly dependent on the duration of restrictions imposed and their influence on economic activity across the globe. Contrary to the trend prevalent in the industry in general, certain segments of the market such as antimicrobial coatings are witnessing a surge in demand in healthcare and food industries. The report will account for Covid19 as a key market contributor.