Ceramic coatings market worth $9.41 billion by 2019

The ceramic coatings market worth $9.41 billion by 2019.

MarketsandMarkets, a global market research and consulting company based in the U.S. has published a strategically analyzed market research report on the ceramic coatings market.

Dallas – 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 ceramic coatings market with an analysis and forecast for technology, types, and applications by volume as well as value.

North America, Europe, and Asia-Pacific dominated the ceramic coatings market in 2013 and accounted for over 90% of the 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, the rest of the world including Middle East, Africa, and South America is expected to witness the fastest growth rate by 2019. High performance ceramic coatings are widely preferred now by many manufacturers and include aerospace, automotive, healthcare, energy, defense, automotive, fiber-optic communications, and environmental protection sectors.

While thermal spray takes topmost positions in the ceramic coatings market with more than 64% share by value; the fastest growth is coming from nitride coatings used in numerous industrial applications which will continue to expand in the coming years. Oxide coatings dominate the ceramic coating market by type in terms of volume and value.