Global High-Performance Ceramic Coatings Market to See Strong Growth through 2020
February 9, 2015
The global high-performance ceramic coatings market was valued at $5.68 billion in 2013, and is expected to reach $9.07 billion in 2020, growing at a compound annual growth rate (CAGR) of 7.0% between 2014 and 2020, according to Transparency Market Research’s report entitled “High-performance Ceramic Coatings (Thermal Spray Coatings, Physical Vapor Deposition, Chemical Vapor Deposition and Other Technologies) Market for Aviation, Automotive, Chemical Equipment, Medical and Healthcare and Other End-users—Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014-2020.” The global high-performance ceramic coatings market is driven by demand from the aviation and automobile industries for improved thermal protection for engines. Superior-quality ceramic coatings provide better thermal resistance, as well as a buffer from weathering and corrosion to the engine parts, other equipment, vanes and turbine blades.
The other crucial factor fueling the growth of global high-performance ceramic coatings market is the demand from the semiconductor industry. However, the global high-performance ceramic coatings market does face some tough challenges, such as paucity of skilled labor and technological glitches. According to the report, key players shaping this market include Oerlikon Metco, Saint-Gobain S.A., Bodycote Plc, APS Materials, Inc., Ceramic Polymer GmbH, Praxair Surface Technologies Inc., and Zircotec Ltd.
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