HPCC Market to Grow at 8.2% CAGR by 2030
Increasing demand for wash proof coatings that can also act as a thermal barrier in various industries such as automotive, aerospace, oil and gas, construction, and electrical is driving the high-performance ceramic coating market growth.
The High-Performance Ceramic Coating Market is expected to grow at a CAGR of 8.2% from 2021-2030, according to a new research report by Next Move Strategy Consulting.
High performance ceramic coatings, also known as high-temperature ceramic coatings are engineered to prevent corrosion of items that are prone to high temperature or harsh weather conditions. In fact, HPCC can withstand constant exposure to temperatures up to 5,000 degrees Fahrenheit. It is mainly used in industries such as automotive, aerospace, oil & gas, construction, and electrical among others. The rising demand for wash proof coatings that can also act as a thermal barrier, in these industries are expected to boost the demand of high-performance ceramic coating market. However, factors such as extreme brittleness, instances of de-bonding, and higher cost as they require additional equipment, supplies and labor are few factors expected to hamper the market growth to some extent.
Based on product type, technology, end use industry and geography. On the basis of product type, the market is segmented into oxide coatings, carbide coatings and nitride coatings. On the basis of technology, the market is segmented into thermal spray, physical vapor deposition, chemical vapor deposition and other technologies. On the basis of end user industry, the market is segmented into automotive, aerospace and defense, general industrial tools & machinery, healthcare and others. Based on geography the market is segmented into North America, Europe, Asia Pacific and RoW.
Geographically, North America holds the major market share owing to the increased adoption of high-performance ceramic coating in its defense industry. Also, advancements in technological and infrastructural sectors are creating demand for high performance ceramics in this region. However, Asia pacific is expected to show rapid growth with gradual increase in market share owing to the expansion of automotive and energy industries in countries such as China, India, Japan and Vietnam.
Browse key industry insight in the report, “High Performance Ceramic Coatings Market by Product Type (Oxide Coating, Carbide Coating and Nitride Coating), Technology (Thermal Spray, Physical Vapor Deposition, Chemical Vapor Deposition, and Other Technologies), and End Use Industry (Automotive, Aerospace & Defense, General Industrial Tools & machinery, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030.”
According to the report, some the key players in the market are A&A Thermal Spray Coatings, Inc., APS Material, Inc., Aremco Products, Inc, A.W. Chesterton Company, Bodycote Plc., DuPont de Nemours, Inc, Integrated Global Services, Inc., Kurt J. Lesker Company, Linde plc and Saint Gobain S.A.
Key Insights from the High Performance Ceramic Coating Market Report:
Current emerging trends and opportunities are extensively analysed in high performance ceramic coating market report.
The forecast of the high performance ceramic coating market comes along with additional information associated with opportunities, restrains and key drivers in the market.
The report high performance ceramic coating Market – is segmented by product type, technology, end user industry and geography.
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