HIGH PERFORMANCE CERAMIC COATINGS MARKET ANALYSIS

Market Challenges And Opportunities

Drivers:

Growing demand for the excellent thermal barrier in the aircraft engines is driving the market growth of the high-performance ceramic coatings. Aircraft engines are highly exposed to harsh temperature levels as well as the corrosive environment. High-performance ceramic coatings enhance the reliability and durability of aircraft engines. These coatings are applied to jet turbine blades in order to protect them from elevated temperature gases releasing from the combustion chamber and improve the engine efficiency.

Technological advancement in plasma sprayed coatings is expected to fuel the market growth of the high-performance ceramic coatings. These coatings are widely used in coatings in the advanced metals and oil & gas as high-performance ceramic coatings offer high resistance from corrosion and extremely high temperatures. Also, the growing demand for durable finished products is again anticipated to bolster the market growth. 

Market Restraints

The high cost of the high-performance ceramic coatings is inhibiting the adoption of these coatings. Thus, the high cost is hindering the production of the high-performance ceramic coatings thereby hindering the market growth.

Lack of skilled labor for applying high-performance ceramic coatings is restricting the market growth. Also, technological issues associated with these coatings is further hampering market growth.

Market Opportunities

Increasing use of high-performance ceramic coatings in the semiconductor industry for fabrication of wafer equipment is providing potential market opportunities. High demand for plasma spray thermal coatings from semiconductor and LCD manufacturing industries is projected to propel the market growth. These coatings enhance the performance, safety, and durability, thereby fueling the market growth of the high-performance ceramic coatings.

Increasing development of the nanoceramics is projected to bring profitable market opportunities in the near future. Nanoceramics are environmentally friendly surface treatment solutions and thus gaining huge demand. Moreover, it is one of the key technological advancements in the ceramic coatings industry. Furthermore, these coatings also improve insulating and corrosion resistance properties and are anticipated to sustain elevated temperatures of around 25000C.