Market Highlights Global Ceramic Coating Market is estimated to be valued at USD 12.5 Billion by 2027 and register a CAGR of 5.0% during the forecast period.The Global Ceramic Coating Market is projected to witness a surging growth in the coming assessment period owing to the widespread use of ceramic coatings in diverse end-use industries, such as automotive, aerospace & defense, chemicals, and healthcare.
The growth is mainly attributed to the growth of the automotive industry, especially in emerging economies, such as China, India, and Mexico, due to an increase in production of automotive, rising adoption of electric vehicles, booming population, and growth in per capita spending of individuals.
In the healthcare industry, ceramic coatings are widely used in surgical instruments, prosthetic limbs & hips, dental reconstruction, vascular stents, and personal hygiene products.
Segmental Analysis According to MRFR analysis, the Global Ceramic Coating Market has been segmented based on Material Type, Technology, End-Use Industry, and Region.Based on material type, the global ceramic coating market has been segmented into oxide, silica, alumina-magnesia, carbide, nitride, and others.
The segment is expected to witness the fastest growth with a CAGR around 6% in the study period owing to its exceptional properties such as low thermal conductivity, good wear and corrosion resistance, and cost efficiency compared to other ceramic coatings.Based on technology, the global market has been segmented into thermal spray, chemical vapor deposition, physical vapor deposition, and others.
The high market share is mainly due to its outstanding compatibility with any material and is widely used technology to deploy ceramic coatings on diverse end-use applications.