One of the major challenges faced by the high performance ceramic coatings industry is the growing environmental concerns regarding the manufacturing and usage of ceramic coatings. Ceramic coating production involves certain chemical processes that emit volatile organic compounds into the atmosphere. For example, according to data released in July 2024 by the World Health Organization, over 90% of people worldwide breathe air that exceeds WHO guideline pollution levels resulting in millions of premature deaths.
Market Opportunity - Development of nano-ceramic coatings
The development of nanoceramic coatings presents a major opportunity for this high performance ceramic coatings industry. Nano-ceramic coatings exhibit enhanced properties like extreme hardness, self-cleaning, biocompatibility, and thermal resistance compared to conventional coatings. For example, nano-structured thermal barrier coatings allow jet engines to run hotter and more efficiently, as cited by the International Civil Aviation Organization's 2021 report on aviation emissions.
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