(PRWEB) June 17, 2014
The report, "Ceramic Coatings Market by Technology (Thermal Spray, PVD, CVD, Others), by Type (Oxide, Carbide, Nitride - Coatings) and by Application (Transportation & Automotive, Energy, Aerospace & Defense, Healthcare) - Global Trends & Forecast to 2019" defines and segments the global market and analyzes it on the basis of the types, their application and demand in terms of both value and volume.
Browse 117 market data tables and 96 figures spread through 215 slides and in-depth TOC on "Ceramic Coatings Market".
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According to this research report, there is a sharp rise in demand for the use of ceramic coatings across the world. Ceramic coatings are generally applied on metal or metallic alloy components or on the ceramic components. These can be further classified into oxide coatings, carbide coatings, nitride coatings, and others. Ceramic coatings are generally used for wear, high temperature, and corrosion resistant applications. All ceramic coatings deliver some level of performance in each of these three major areas.
The report suggests that based on the types of products, nitride coating is expected to be the fastest growing segment of the ceramic coatings market. The report also expects this segment to grow at a healthy growth rate from 2014 to 2019. Within the ceramic coating applications, transportation and automotive is expected to drive majority of the future growth in the global market. As per the report findings, new product developments, capacity and business expansions, and the increasing demand for plasma-sprayed ceramic coating in the semiconductor and LCD equipment are expected to push the market in the near future.
"North America, Europe, and Asia-Pacific are the Key Markets for Ceramic Coatings"
The report suggests that North America, Europe, and Asia-Pacific dominated the Ceramic Coatings Market in 2013 and they are currently accounted for over 90% of the market. The developed regions are expected to dominate the global market.
Country-wise, U.S. is the top most consumer of ceramic coating globally and is also its largest market for growing at a CAGR of 6.63% in terms of value till 2019. On the other hand, Rest of the world including Middle East, Africa, and South America is expected to witness the fastest growth rate by 2019. As per the report, high performance ceramic coatings are widely preferred nowadays by many manufacturers across various industrial verticals. These verticals include aerospace, automotive, healthcare, energy, defense, automotive, fiber-optic communications and environmental protection sectors.
While the report suggests thermal spray taking the topmost positions in the Ceramic Coatings Market with more than 64% share by value; the global market is expected to witness fastest growth coming from Nitride coatings used in numerous industrial applications. These applications are expected to expand in the coming years. According to the report, oxide coatings will dominate the market in terms of volume and value.
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