High-Performance Ceramic Coatings: Markets and Technologies
The North American market for high-performance ceramic coatings was worth $1.3 billion in 2010 and $1.4 billion in 2011. It is expected to grow to more than $2.0 billion by 2016, a projected five-year compound annual growth rate (CAGR) of 7.4%.
This BCC study has been conducted with a global perspective in terms of materials and their applications. Market projections have been conducted for North America. All market table values are in 2010 U.S. dollars.
The report provides business planners and managers with an improved understanding of the direction and impact of the high-performance ceramic coating technologies, and how markets will be affected and new opportunities created.
The report contains:
- An in-depth analysis of the technologies used for high--performance ceramic coatings.
- An overview of materials for high-performance ceramic coatings and their properties.
- New developments and recent patents in high-performance ceramic thermal spray, PVD, CVD and other coating techniques.
- Current and potential applications for high-performance ceramic coatings.
- Current and future market projections for ceramic coatings in all the major applications.
- Profiles of current industry players, including suppliers of equipment, consumables, coating service providers and users.
- A review of the economic/market opportunities for current industry participants and new entrants.
BCC feels, therefore, that the qualitative and quantitative judgments embodied in this report are a valuable contribution to the current knowledge of high-performance ceramic coatings.
This report is an update of an earlier (2004) report prepared by Dr. Thomas Abraham. Dr. Abraham was formerly vice president and director of the Advanced Materials Group of BCC. Dr. Abraham has extensive experience in the field of advanced materials, including advanced ceramics, synthetic diamonds and diamond films, magnetic materials, high-performance coatings, and superconductors.
The analyst responsible for updating the report is Andrew McWilliams, a partner in the Boston-based international technology and marketing consulting firm, 43rd Parallel LLC. Mr. McWilliams is the author or co-author of numerous other BCC studies, including studies in related fields such as AVM025G Diamond, Diamond-Like and CBN Films and Coating Products; NAN015F Advanced Ceramics and Nano Ceramic Powders; NAN021E Global Markets for Nanocomposites, Nanoparticles, Nanoclays and Nanotubes; NAN040A Nanomaterials Markets by Type; and AVM008B Synthetic Gems and Minerals.
The North American market for high–performance ceramic coatings was worth an estimated $1.42 billion in 2008. This figure is expected to fall slightly to $1.4 billion for 2009, but should rise to more than $2.0 billion by 2014 at a projected 5–year compound annual growth rate (CAGR) of 7.6%.
Thermal spray coatings dominate the market, with about 67% of total sales in 2008, projected to increase to 70% by 2014. The value of this sector was $953 million in 2009 and will reach an estimated $1.4 billion by 2014, a compound annual growth rate (CAGR) of 8.1%.
CVD accounted for the second–largest share of the market in 2008 at 15%, but is expected to drop into third place behind PVD with 11% of the market in 2014. The CVD market was worth $183.4 million in 2009 and will increase to an estimated $220.7 million in 2014, a compound annual growth rate (CAGR) of 3.8%.
The North American market for high-performance ceramic coatings was an astimated $1.3 billion in 2006. This figure is expected to rise to nearly $1.4 billion in 2007 and $1.9 billion by 2012, a projected compound annual growth rate of 6.0% over the next five years.
Thermal spray coatings dominate the market, with about 65% of total sales. CVD accounts for the second-largest share of the market with nearly 16% in 2006, although this percentage is expected to decline slightly to 14% by 2012.
The share of PVD, the third-largest technology segment, is projected to remain rougly steady at slightly over 12% between 2006 and 2012.
The North American market for high-performance ceramic coating services in 2004 is estimated at $1.1 billion. This is expected to increase to $1.6 billion by 2009 at an annual average growth rate (AAGR) of 7.6%.
Thermal spray coatings will register an AAGR of 8.5% due to increased demand for commercial and military aircraft in the next five years led by demand in Asia
PVD and CVD will register lower growth rates (5.8% and 5.0%, respectively) over the next five years.
In 2004, about 64% of the market belonged to the coating of engine components. Cutting and turning tools contributed about 17% of the market and wear-resistant and industrial parts, 14.6%. By 2009, engine applications will rise to 68%.