The high-performance ceramic coatings market size is expected to reach over US$ 14.80 billion by 2028 due to the increasing application in electronics, aerospace, automotive, and consumer goods. The high-performance ceramic coatings report further mentions that the market size stood at US$ 8.50 billion in 2019, and it is likely to exhibit a CAGR of 7.2% during the forecast period 2020 to 2028.

The Increased prevalence of ceramic coatings

The increasing prevalence of ceramic coatings due to its inorganic feature and increasing application in electronics, aerospace, automotive, consumer goods, and medical are the key factors for the high-performance ceramic coatings market growth. For Instance: Biocompatible. Ceramics are also known as bioceramic are used for bone, teeth, and other medical applications. High-performance ceramic coatings are ceramic substrates that are coated with thin ceramic layers that provide enhanced resistance to wear, corrosion, and high temperatures than other conventional ceramics. High-performance ceramic coatings are an important part of the advanced coatings industry due to their physical and mechanical properties. Furthermore, increasing usage of ceramic coatings in this period is providing an opportunity for the growth of the market during the forecast period.

Rising demand from emerging economies

The increased demand for high-performance ceramic coatings in developing economies such as Brazil, India, China, Saudi Arabia, Japan, and others due to the growth of the automotive and energy industries in these economies. The demand for wash proof coatings in the aerospace and automotive industries is increasing with the growth of the individual industries that are expected to stimulate the market growth in the forecast period.

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Alchemy Research and Analytics LLP had taken the impact of the ongoing COVID-19 pandemic on the high-performance ceramic coatings market for the year 2020 and 2021. As per our extensive secondary and primary research, the demand for high-performance ceramic coating industries has decreased in the COVID-19 period owing to a decrease in the demand for automotive industries. COVID-19 will affect the automotive industry in the year 2021.

Key Manufacturers Aim to Enhance Their Portfolios by Partnerships

According to Alchemy Research and Analytics major market players in the high-performance ceramic coatings market are focusing on strategies such as partnerships, collaboration, acquisitions, and mergers to enhance their geographic presence as well as product portfolio. The high-performance ceramic coatings market is highly fragmented.

Alchemy Market Research lists out the names of key market players in the high-performance ceramic coatings market. They are as follows:

  • APS Materials Inc.
  • Bodycote PLC
  • BAF Industries
  • Praxair Surface Technologies Inc.
  • Kurt J, Lesker Co.
  • DuPont
  • Saint- Gobain
  • Cetek Ceramic Technologies Ltd.
  • Aremco Products Inc.

A Significant Industry Development-

  • October 2018 BAF Industries, producer of the PRO® product line for the professional car care industry, launched the Synergy Ceramic finishes. The Synergy is a super hydrophobic Nano-ceramic, semi-permanent coating specifically designed for painted finishes. This high tech coating creates a hard, slick, clear barrier of protection on painted finishes.

Further Report Findings-

  • The Asia Pacific is expected to witness fastest growth in the years to come due to an increase in the consumption of ceramic coatings in the automotive, aerospace & defense, and healthcare industries.
  • North America had a major share in the global high performance ceramic coatings market in 2019 due to the huge consumption of high performance ceramic coatings from aerospace and automotive industries along with increased government investments.
  • Based on product type, the market is segmented into oxides, carbides, and nitrides. Oxides are anticipated to grab the major share over the forecast period on account of extensive and significant availability. Based on increasing application in electrical & electronic industries nitride, based on ceramic coatings is anticipated to have above-average growth in the coming years.

Get Sample Copy With Covid19 Impact Analysis: https://www.alchemymarketresearch.com/chemical-materials/high-performance-ceramic-coatings-market/#req

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