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According to “High-Performance Ceramic Coatings: Markets and Technologies,” a new technical market research report from BCC Research, the North American market value of high-performance ceramic coatings was an estimated $1.4 billion in 2009. The market value is expected to increase to more than $2 billion by 2014, for a five-year compound annual growth rate (CAGR) of 7.6%.
The largest segment of the market, thermal spray coatings, is projected to grow at a CAGR of 8.1% to reach more than $1.4 billion by 2014. Its value is estimated at $953 million in 2009. The second-largest segment, chemical vapor deposition, is estimated at $183 million in 2009, down from $213 million in 2008. However, it is expected to increase by a five-year CAGR of 3.8% to reach nearly $221 million by 2014.
The physical vapor deposition segment is projected to have a five-year CAGR of 7.4%, rising from $187 million in 2009 to nearly $267 million in 2014. Another segment, made up of other technologies, including spraying/dipping, sol gel, micro-oxidation, and laser-assisted techniques, is expected to increase at a healthy CAGR of 10.2% between 2009 and 2014, growing from $72 million to $117 million.
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 list of materials compositions.
Visit www.bccresearch.com for additional details.