High-performance ceramics coatings have excellent physical and chemical properties

High-performance ceramics coatings that offer improved protection against wear, corrosion, and temperature variation. These coatings can withstand a high-temperature range up to 15,000°C. High-performance ceramics coatings have superior mechanical and chemical properties which makes them ideal for various industrial applications. Automotive, oil &gas, healthcare, and metal are some of the major end-user industries of the high-performance ceramics coatings.

Growing demand for high-performance coatings across the aerospace and defense industry driving the market growth of high-performance ceramic coatings. Moreover, the advent of advanced coatings such as-sprayed coating is also expected to support the market growth of high-performance ceramic coatings. Increasing demand for such coatings from the oil & gas and metal industry is again anticipated to foster market growth. Furthermore, the growing demand for ceramic coatings from the energy and healthcare sectors is further contributing to the market growth. On the other hand, the high cost of production of high-performance ceramic coatings is expected to hinder the market growth. Whereas, increasing use of this coating across the semiconductor industry in the fabrication of wafer equipment is projected to bring new market opportunities over the forecast period.

North America is expected to gain significant growth over the forecast period and this is attributed to increasing government spending on military sectors. According to the Stockholm International Peace Research Institute, US military spending grew by 5.3 percent to $732 billion. With a military expenditure of $732 billion, the USA remained by far the largest spender in the world in 2019, accounting for 38 percent of global military spending.

Key Developments

1.In August 2019, Zircotec Group acquired Performance 1 Coatings. The acquisition of Performance 1 Coatings will provide a one-stop-shop for ceramic coatings, from aesthetic-protection to premium thermal barrier coatings for Zircotec Group.


 

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