The global high-performance ceramic coatings market size is expected to grow from $7.85 billion in 2021 to $8.7 billion in 2022 at a compound annual growth rate (CAGR) of 10.9%. The global high-performance ceramic coating market size is expected to grow to $11.57 billion in 2026 at a CAGR of 7.4%.
What is the Global High Performance Ceramic Coatings Market?
The high-performance ceramic coatings market consists of sales of high-performance ceramic coatings by entities (organizations, sole proprietors, partnerships) that are designed to protect products from corrosion caused by high temperatures or harsh environmental conditions. High-performance ceramic coatings (HPCC) are ceramic substrates covered with thin ceramic layers which outperform typical ceramics in terms of resistance to high temperatures, wear, and corrosion.
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What drives the Global High Performance Ceramic Coatings Market?
The growing demand for electric vehicles will drive the growth of the high-performance ceramic coatings market going forward. Electric vehicles are those that are powered entirely or partially by electricity. Electric vehicles have low running costs due to fewer moving parts, and they are also very environmentally friendly because they require little or no fossil fuels (petrol or diesel). High-performance ceramic coatings are essential in keeping the substrates of electric vehicles and their components free of rust and other damage. It also has a big impact on the aesthetics of electric vehicles. For instance, according to International Energy Agency, the global electric car stock reached 10 million units in 2020, a 43% growth over 2019. In addition, China had the largest fleet, with 4.5 million electric vehicles, but Europe had the largest annual rise, reaching 3.2 million in 2020. Therefore, the increasing demand for electric vehicles propels the growth of the high-performance ceramic coatings market.
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Global High Performance Ceramic Coatings Market Segments
The global high performance ceramic coatings market is segmented:
By Product Type: Oxide Coatings, Carbide Coatings, Nitride Coatings
By End-User: Automotive, Aviation, Chemical Equipment, Healthcare, Others
By Geography: The regions covered in the high performance ceramic coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
High Performance Ceramic Coatings Global Market Report 2022provides market size and growth forecasts for the global high performance ceramic coatings market, global high performance ceramic coatings market share, high performance ceramic coatings market segments and geographies, high performance ceramic coatings market competitive landscape including leading competitors’ revenues, profiles and market shares. The high performance ceramic coatings market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global High Performance Ceramic Coatings Industry Playersinclude A&A Thermal Spray Coatings, Aps Materials Inc, Aremco Products Inc, Bodycote Plc, Aw Chesterton company, Dupont de Nemours Inc, Integrated Global Services Inc, Kurt J. Lesker Company, Linde plc, Saint Gobain S.A., Praxair Surface Technologies Inc, Oerlikon Metco, Zircotec Ltd, Swain Tech Coatings Inc, and Cetek Ceramic Technologies Ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
