International. Visiongain's analysis indicates that the global ceramic coatings market will reach a value of more than $5 billion in 2013, as emerging market demand for the various consumer items indirectly increases demand for these kinds of applications.
For that reason, the analyst company adds that the ceramic coatings market will register solid growth over the next decade, as they become more popular.
The report analyzing this sector for the periods of 2012 and 2013 says that "the ceramic coatings market expects an increase well above the estimate if strong economic growth in emerging markets facilitates its consumption. This application is also being demanded in developed countries, where they are increasingly used to improve efficiency and productivity, and reinforce the parts, delivering cost savings."
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