US ceramic coatings market is estimated to grow at a CAGR of around 6.5% during the forecast period. Increasing investment in ceramic matrix composites is offering an opportunity for the growth of the market. For instance, in August 2018, General Electric declared that it is working on the development of ceramic matrix composites (CMCs) for its new LEAP gas turbine engine. The aircraft industry is anticipated to save $1 million per engine by using CMCs. GE Aviation considers CMCs to be critical material that meets the demand for gre ater fuel efficiency in aviation propulsion. Furthermore, Rolls-Royce of North America in October 2016, planned a $30 million expansion of its Research and Development capabilities in Southern California. The company will build a new research center in Cyprus, California for researching CMCs materials and production process. The goal of this expansion was the development of new products and technologies to manufacture jet-engine components.
Further, the research team at New York University (NYU) has developed a 3D-printed ceramic implant in August 2018, that dissolves slowly and allows bones for growing in their place. The implants are capable of imitating the shape of the missing bone and are chemically coated for simulating the growth of the bone. The research team has developed this technology to focus on patients with non-healing bone defects. 3D printing is considered to be a promising technology as it allows the research team for producing patient-specific implants matching precise shape and size that are required to fill specific bone defects. These investment and researches will likely to promote its applications across aerospace and healthcare industry and thereby is expected to drive the growth of the market.
Some crucial players operating in the market include 3M Co., AkzoNobel N.V., BASF SE, DuPont de Nemours, Inc. To survive in the market, these players are adopting crucial strategies, such as product launches, geographical expansion, and partnerships and collaborations. This enables the company to increase its competitiveness and attract significant share in the market. For instance, in June 2017, BASF SE invested $40 million in the production of automotive coatings in North America. This investment aims to add capacity to the manufacturing plants of the company in Greenville, Ohio, and Tultitlan, Mexico.
Research Methodology
The market study of the US ceramic coatings market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.
Secondary Sources Include:
The report is intended for established and emerging ceramic coating market players, researchers and manufactures, start-ups, venture capitalists, and government organizations for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation:
The Report covers:
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. US Ceramic Coatings Market by Technology
5.1.1. Chemical Vapor Deposition
5.1.2. Physical Vapor Deposition
5.1.3. Electrophoretic Deposition
5.1.4. Thermal Spray
5.2. US Ceramic Coatings Market by Coating Type
5.2.1. Oxide Coating
5.2.2. Carbide Coating
5.2.3. Nitride Coating
5.2.4. Others (Carbon Coating and Anti-microbial Coating)
5.3. US Ceramic Coatings Market by End-User
5.3.1. Healthcare
5.3.2. Industrial Goods
5.3.3. Steel Industry
5.3.4. Chemical Industry
5.3.5. Aerospace & Defense
5.3.7. Automobile & Transportation
5.3.8. Others
6. Company Profiles
6.1. 3M
6.2. A&A Thermal Spray Coatings
6.3. AkzoNobel N.V.
6.4. Anderson Paint Company
6.5. APS Materials, Inc.
6.6. Aremco Products Inc.
6.7. BASF SE
6.8. Bell's Powder Coating
6.9. Ceramic Pro
6.10.DuPont de Nemours, Inc.