Ceramic coatings market is estimated to witness high growth over the forecast period on account of increasing requirement for durable & high performance coating solutions in various end-use industries, especially in automotive, machine manufacturing and aerospace. Growing demand for heat resistant wash proof coatings especially in locomotive & automotive engine manufacturing is anticipated to fuel market growth. Increased material handling and safety standards by governments and regulatory authorities such as SAE, OSHA and FMVSS for automotive parts manufacturing in mature markets of U.S. and Europe is anticipated to have a positive impact on the ceramic coatings market growth. Rapid development and expanding automotive and aerospace industries in U.S., China, Mexico, Germany, Malaysia and India is expected to drive market growth over the next few years.
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The market is estimated to witness above average growth rates from medical & healthcare applications owing to increasing preference for ceramic coatings in dental implants. Increasing R&D spending by medical firms and technological advancements in coating techniques is estimated to fuel ceramic coatings market demand over the next six years. Development and commercialization of ceramic coatings in conjunction with osteoinductive agents for dental implants may provide an impetus to market growth.
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Ceramic coatings market is characterized by development of patented technologies to cater to niche applications by major participants. Zirotec’s proprietary formulation technique ThermoHold is primarily employed by automotive manufacturers for engine exhaust system parts in order to protect them from abrasion, wear, heat and corrosion. Saint Gobain’s coating solutions have patented ceramic coatings techniques. The company’s Rokide carbide coatings are extensively being used in oil & gas industry for pumps & fluid handling equipment in order to provide abrasion and corrosion resistance. In June 2014, Saint Gobain acquired U.S. based ceramic ingot manufacturer, Phoenix Coating Resources, Inc. The acquisition is anticipated to allow Saint Gobain to expand ceramic coatings solutions for aeronautical industry in growing markets.
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