The global ceramiccoatings market size is anticipated to hit USD 3.32 billion by 2026,exhibiting a CAGR of 7.1% during the forecast period. High versatility of
ceramic coatings will boost their adoption across industries, states Fortune
Business Insights™ in its new report, titled “Ceramic Coatings Market Size, Share & Industry Analysis By Type(Oxide, Carbide, Nitride, and Others), By Coating Method (Thermal Spray,
Physical Vapor Deposition (PVD), Chemical Vapor Deposition (CVD), and Others),
By End-Use (Transportation & Automotive, Energy, Aerospace & Defense,
Industrial Goods, Healthcare, and Others), and Regional Forecast, 2019-2026”.
Ceramiccoatings, or high solids coatings, are essentially paints that are loaded with
ceramic microspheres. Unlike conventional paints that contain more than 50%
water, ceramic coatings comprise of dense solid microspheres, which makes them a
highly attractive coating solution in many industries. For example, the oil
& gas industry can potentially lose millions of dollars due to ineffective
coating. Therefore, the industry extensively employs ceramic coating materials
to pipes and other equipment.
This isbecause, when dried, a ceramic coating can form a hardened and impenetrable
layer on the metal substrate on which it is applied, thereby preventing
corrosion. Furthermore, their low friction coefficient makes these coatings
energy-efficient, resulting in their high usage in manufacturing processes.
Accordingto the ceramic coatings market report, the value of the market was at USD 1.96
billion in 2018. Other highlights of the report include:
· In-depth understanding of marketdrivers and trends;
· Panoramic overview of the generalindustry outlook;
· Piece-meal study of the differentmarket segments;
· Detailed assessment of the marketrestraints; and
· Exhaustive analysis of the regionaldevelopments and competitive dynamics of the market.
Market Restraint
High Cost of Ceramic Coatings toNegatively Impact the Market
Whileits wide applicability in various industries is one of the top ceramic coatings
market trends, these coatings come with a hefty price tag, which may slow down
their demand. For instance, ceramic coating on a budget car can cost between Rs.
25,000 and Rs. 50,000 in India, which may not be affordable for every buyer.
Moreover, the cost can go higher if the quality of the coating is superior. In
addition to this, ceramic coatings have a few more drawbacks, which may hamper
their uptake, especially in the automotive industry.
