According to the latest market research study by Technavio, the global ceramic coating for thermal spray market is expected to grow at a CAGR of close to 9% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global ceramic coating for thermal spray market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product:
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The top three revenue contributing product segments are discussed below:
Global oxide-based ceramic coating for thermal spray market: The most commonly used oxide coatings are based on aluminum, zirconium, and chromium. Products of oxidation are encapsulated within the coating, and high oxide coatings provide wear resistance. Oxides in coatings can be prone to corrosion, strength, and machinability properties.
“Oxides are expected to dominate the market, occupying the major share of the global ceramic coating for thermal spray market due to their high availability and extensive application areas. It is anticipated that the rising demand for wash proof coatings from the automotive and aerospace industries will drive this market,” says Ajay Adikari, a lead analyst at Technavio for research on paints, coatings, and pigments.
Global carbide-based ceramic coating for thermal spray market: The common types of carbide-based ceramic coatings are silicone and boron carbide. Silicon carbides are good at high temperatures and used in refractory applications such as refractory linings, industrial furnaces for heating elements, and rocket engines. Boron carbides are hard and have low density, so they are applied in reinforcing agents in military armor and high-performance bicycles.
Global nitride-based ceramic coating for thermal spray market: Few common types of nitride-based ceramic coatings are zirconium nitride, titanium nitride, and chromium nitride. Nitride-based ceramic coatings are progressively being used in electrical and electronics items. Growth in the end-user industries such as aerospace and defense, automotive, energy, and healthcare industries are expected to fuel this segment. Rising demand for high-performance metal finishing and safety coatings materials across industries for purpose durability, wear, and thermal resistance is expected to propel market growth.
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The top vendors operating in the global ceramic coating for thermal spray market are:
- Accuwright Industries
- APS Materials
- Bodycote
- Praxair Surface Technologies
- Thermal Spray Technologies
The other prominent vendors in the market include ASB Industries, BryCoat, and Zircotec.
A more detailed analysis is available in the Technavio report titled, ‘Global Ceramic Coating For Thermal Spray Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Thermal Spray Market 2017-2021
- Global Ceramic Coatings Market 2016-2020
- Global Technical Ceramics Market 2016-2020
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