Albany - NY, Oct. 21, 2015 (GLOBE NEWSWIRE) -- The global high-performance ceramic coatings market is studied in a detailed market research report published by Transparency Market Research. The report is titled "High-performance Ceramic Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020". The report projects excellent growth prospects for the market between 2014 and 2020 - the period of report's forecast. The report states that the market will expand at a positive 7.0% CAGR over the period, rising to US$9.07 billion by 2020 from a valuation of US$5.68 billion in 2013.
Browse the full High-performance Ceramic Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at http://www.transparencymarketresearch.com/high-performance-ceramic-coatings.html
The report states that the global high-performance ceramic coatings market is driven by the high demand for coatings capable of offering superior thermal protection to aerospace and automotive vehicle parts. High-performance ceramic coatings are known for the excellent thermal as well as corrosion and wear resistance they provide to components such as vanes, turbine blades, engine components, and other vehicle equipment. The semi-conductor industry is also a leading demand generator for high-performance ceramic coatings. The flourishing market for semi-conductors in the current times is expected to create growth opportunities for the global market for high-performance ceramic coatings in the near future.
However, the market is expected to face certain challenges such as lack of skilled labor, high costs of these products, and technology issues, which could restrain market's growth to a certain extent.
The report segments the global high-performance coatings market into coating technologies, key end-use industries, and regional markets.
Of the variety of coating technologies studied in the report, the market segment of thermal spray coating dominated the market in 2013. The coating technology of chemical vapor deposition (CVD) held nearly 16% of the market in the same year and held the position of the second-largest market segment. Over the report's forecast period, however, the market segment of physical vapor deposition is expected to grow at the fastest pace.
The end-use industry of automotive has been leading the global high-performance ceramic coatings market over the last couple of years. High-performance ceramic coatings find applications in the automotive industry in a variety of engine components such as valves, pistons, exhaust tailpipes, and combustion chambers. In 2013, the market segment of aviation accounted for nearly 20% market shares.
Of the key regional markets studied in the report, the market segment of North America led the global high-performance ceramic coatings market with nearly 34% market share in 2013. Europe closely followed North America in the same year and acquired the position of the second largest regional market for the global high-performance ceramic coatings market. Well-developed automotive and aviation industries in North America as well as Europe are expected to help these regions maintain their dominance in the markets over the report's forecast period
Asia Pacific is expected to come ahead as the regional market with the fastest growth rate in the global high-performance ceramic coatings market over the report's forecast period.
The report also present a detailed competitive analysis of the market, along with comprehensive company profiles of some of the key businesses operating in the global high-performance ceramic coatings market. Profiles of companies including Ceramic Polymer GmbH, Bodycote Plc, APS Materials, Inc., Oerlikon Metco, Praxair Surface Technologies Inc., Zircotec Ltd., and Saint-Gobain S.A. are included in the report.
High-performance Ceramic Coatings Market - Technology Analysis
- Thermal spray coatings
- Physical Vapor Deposition (PVD)
- Chemical Vapor Deposition (CVD)
- Others (Including sol-gel processing, etc.)
High-performance Ceramic Coatings Market - End-user Analysis
- Chemical equipment
- Medical & healthcare
- Others (Including power generation, etc.)
High-performance Ceramic Coatings Market - Regional Analysis
- North America
- Asia Pacific
- Rest of the World
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Source:Transparency Market Research