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The ceramic coating for thermal spray market share is expected to increase by USD 2.24 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 7.39%.
This ceramic coating for thermal spray market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers ceramic coating for thermal spray market segmentation by product (oxides, carbides, nitrides, and others), end-user (aerospace and defense, automotive, healthcare, energy generation, and others), and geography (North America, APAC, Europe, MEA, and South America). The ceramic coating for thermal spray market report also offers information on several market vendors, including A&A Coatings, APS Materials Inc., Bodycote Plc, Compagnie de Saint-Gobain SA, Curtiss-Wright Corp., Fujimi Inc., Lincotek Surface Solutions SPA, Linde Plc, Sulzer Ltd., and TST Coatings Inc. among others.
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Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The high demand for thermal spray ceramic coatings in the automotive industry is notably driving the ceramic coating for thermal spray market growth, although factors such as the growing preference for powder coating may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ceramic coating for the thermal spray industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Ceramic Coating For Thermal Spray Market Driver
The high demand for thermal spray ceramic coatings in the automotive industry is one of the key factors driving the growth of the global automotive cabin air quality sensor market. Thermal spray ceramic coatings play an important role in the automotive industry from the high-performance racing sector to domestic automobile production. Thermal spray ceramic coatings are used as barrier materials to improve the interaction between moving metal parts. Different vehicle parts such as cylinder heads, pistons, piston skirts, engine parts, exhaust manifolds, and intake manifolds are coated with ceramic materials, which provide better wear resistance, reduce friction, and increase heat-shielding capability. Thermal spray ceramic coating of cylinder heads and exhausts improves heat transfer efficiency. Pistons coated with ceramics improve heat reflection and increase fuel-burning efficiency, thereby enabling fuel ignition to be more effective. The growth in the automotive, railways and marine industries combined will propel the market for thermal spray ceramic coating during the forecast period.
Key Ceramic Coating For Thermal Spray Market Trend
The increasing use of HVOF in aerospace and automotive industries will fuel the global automotive cabin air quality sensor market growth. Owing to the ability to produce dense carbide-based ceramic coating without degeneration, the HVOF process is increasingly used to replace other processes in the aerospace and automotive segment in the global ceramic coating for the thermal spray market. As the HVOF process is carried out at lower temperatures in comparison with other thermal spray processes, it is ideal for providing thermal barriers to large industrial workpieces. With the efficiency of this process being dependent on the kinetic energy of the powder particles, instead of the temperature, it is cheaper and easier to use. Additionally, owing to the low life cycle cost and the use of titanium dioxide (titania), the fastest-growing product type in the market for the HVOF process, this trend is expected to have a major positive impact on the global ceramic coating for thermal spray market during the forecast period.
Key Ceramic Coating For Thermal Spray Market Challenge
The ongoing slowdown of the economy in China is a major challenge for the global automotive cabin air quality sensor market growth. Powder coatings are polymer resin-based systems combined with different other additives. These are durable and are widely used in automotive, appliances, architecture and building, and everyday products. Powder coatings are used to protect machinery parts, as well as household equipment, from moisture, chemicals, ultraviolet lights, and extreme weather conditions. Powder coatings offer one of the long-lasting and color-durable quality finishes available on any type of metal. Color selection availability is unlimited in powder coatings with flat, gloss, satin, high gloss, candy, metallic, clear, fluorescent, iridescent, wrinkle, hammer tone, and glitter finishes, which thermal spray ceramic coatings do not offer. Powder coatings are tough in nature; thus, they reduce the risk of scratches, abrasion, corrosion, fading, chipping, and wear issues. BMW and Volvo are using these coatings in their new model car parts. General Motors, Ford Motor, and Fiat Chrysler Automobiles have also formed consortia to test these coatings on their new products. Increased preference for powder coating might pose a threat to the ceramic coatings market during the forecast period.
This ceramic coating for thermal spray market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global ceramic coating for thermal spray market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ceramic coating for thermal spray market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the ceramic coating for thermal spray market encompasses successful business strategies deployed by the key vendors. The ceramic coating for the thermal spray market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The ceramic coating for thermal spray market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the ceramic coating for the thermal spray market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global specialty chemicals market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Market Segmentation by End-user
7 Customer landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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