High-Performance Ceramic Coatings Market to Grow 7%
The North American market for high-performance ceramic coatings was worth more than $1.3 billion in 2010, according “High-Performance Ceramic Coatings: Markets and Technologies,” a new report from BCC Research. This figure is expected to increase to more than $1.4 billion in 2011 and to more than $2 billion by 2016 at a projected five-year compound annual growth rate (CAGR) of 7.4%.
The ceramic coatings market can be broken down into four segments by coating technology: thermal spray, physical vapor deposition (PVD ), chemical vapor deposition (CVD ), and other. Thermal spray accounted for $935.2 million in 2011 and is expected to reach nearly $1.4 billion in 2016, a CAGR of 7.8%. The PVD segment, worth $208.4 million in 2011, should experience a CAGR of 7.2% to reach $294.6 million in 2016. The CVD segment was worth $207.3 million in 2011 and by 2016 is expected to have a value of $256 million, representing a CAGR of 4.3%. The last segment, made up of other spray techniques or processes, totaled $69.2 million in 2011 and should reach a value of $114.8 million by 2016, a CAGR of 10.7%.
Surface modification using ceramic coatings has achieved an important place in the industrial environment over the past several decades. High-performance ceramic coatings constitute a mature but still expanding industry with a broad list of current and potential applications, continuously emerging coating techniques, and a growing number of materials compositions.
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