Global high performance ceramic coatings market is expected to be worth US$12,980.4 mn by the end of 2025.
Albany, NY -- (SBWIRE) -- 02/01/2018 -- The demand for high performance ceramic coatings has been increasing day by day, because of its unique properties which help them to be used for an extensive range of end-user industries such as aviation, chemical equipment, automotive and medical. Recently, a study titled "High Performance Ceramic Coatings Market - Global Industry Analysis, Size, Share, Growth Trends and Forecasts 2017-2025" has been publicized to the vast online database of Market Research Hub (MRH), which accurately predicts the future of the market and also gives an overview of the present market situation. It is a result of vigorous research done by a team of expert analysts who have done the needful data crunching and study of market drivers and restraints for every sector of the global market for high performance ceramic coatings market.
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According to research key highlights, the global high performance ceramic coatings market is expected to be worth US$ 2,980.4 mn by 2025 from US$7,119.3 mn in 2016. During the forecast years of 2017 and 2025, the global market is projected to surge at an impressive CAGR of 7.0%.
In the initial section, the report comprises an elaborate executive summary along with a market snapshot providing overall information of various segments and sub-segments considered in the scope of the study. For the benefit of the readers, the report provides a complete perspective on the market's growth on the basis of revenue in US$ Mn, covering different geographic regions namely Europe, Asia Pacific, North America, Middle East & Africa and Latin America. To give readers detailed insights, the report offers segment-wise analysis on the basis of end-use type, technology type, and region.
The report comprises a detailed company profiles section including synopsis of the key players functioning in the global high performance ceramic coatings market and information on their revenue share during the forecast period. The key dominating players in the global high performance ceramic coatings and include Aremco Products Inc, Bodycote Plc, Saint-Gobain S.A, Ceramic Polymers GmbH, Zircotec Ltd and Praxair Surface Technology, Inc.
Factors Fueling Market Growth
Analysts find about high performance ceramic coatings that these thin layers of ceramics are coated either on metals or ceramic substrates in order to offer better resistance against wear, corrosion, and high temperature. In addition, high performance ceramic coatings can sustain temperatures up to 1500°C. Thus, they are extensively applied to automotive engine components, which as a result improves fuel efficiency.
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The rapidly flourishing aerospace industry is expected to be the key growth driver for the global market. The report states that the demand for superior thermally protective aircraft engines boosts the consumption of high performance ceramic coatings. Considering this, the aviation industry is expected to be the key end user of the high performance ceramic coatings in the forthcoming years. In terms of geography, Asia Pacific is expected to lead the global market due to growing industrial sector.
In terms of technology, Chemical vapor technology requires high operational temperatures compared to physical vapor deposition technology, therefore it has maximum share in the global market for high performance ceramic coatings.
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