The ceramic coatings market is expected to grow from US$ 9.82 billion in 2022 to more than US$ 13.95 billion by 2028; it is expected to grow at a CAGR of 6.0% from 2022 to 2028.
Ceramic coating is an inorganic material manufactured from alumina, silica, silicon carbide, zirconia, and silicon nitride-based compositions. It is processed at high temperatures. It has a wide range of applications in transportation, aerospace and defense, automotive, and healthcare. Furthermore, it is utilized for the protection of vehicles from external paint damage. The increased demand for ceramic coatings is supported by a rise in spending on anticorrosion coating and efficiency enhancer coatings, as per Environmental Protection Agency (EPA) report.
Ceramic coating has versatile applications, including spraying on industrial goods, such as refractory bricks, chimneys, and iron rods. It is widely used in these applications as it is abrasion-resistant and heat-resistant and provides an additional protective layer. These characteristics of ceramic coatings are expected to increase its demand in the steel & power generation industries during the forecast period.
A few players operating in the global ceramic coatings market include Keronite Group; Cetek Ceramic Technologies Ltd.; E.I. Du Pont De Nemours and Company; APS Materials, Inc.; Praxair Surface Technologies Inc.; Aremco Products Inc.; Nasiol Nano Coatings; Ultramet; Morgan Technical Ceramics; and Saint-Gobain SA. Players operating in the ceramic coatings market are focusing on providing high-quality products to fulfill customer demand. Several other major companies were studied and analyzed during this research study to get a holistic view of the ceramic coatings market and its ecosystem.
Ceramic coating is a low-cost solution compared to other alternative products available in the market. It offers varied applications such as heat shield, low thermal conductivity, and anticorrosion, and it is also used as a thermal barrier coating. The coating is applied by brushing and spraying aerosol on the exhaust system, followed by curing for fixing of paint. The aviation industry is witnessing a rise in research and development; further, the efficiency of gas turbine engines has been increasing, which indicates research on high combustion temperatures. The thermal barrier coating of ceramic is commonly used to protect nickel-based superalloys from melting and thermal cycling in aviation turbines. When cool airflow combines with a thermal barrier coating, superalloy surpasses the allowable gas temperature and reaches beyond its melting point.
To avoid the difficulties associated with the melting point of superalloys, many researchers are investigating ceramic-matrix composites as high-temperature alternatives. Moreover, the operations and manufacturing of military systems and commercial aircraft have increased in the past few years as various countries across the globe are strengthening their aerospace and military capabilities. Governments of developed economies have increased investments in the aerospace & military industries, thereby leading to significant growth in these sectors. This, in turn, is expected to boost the demand for ceramic coatings during the forecast period.
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