International. The report notes that the ceramic coatings market will expand at a CAGR of 7.0% over the period from 2014 to 2020, reaching US$9.07 billion in 2020 from a valuation of US$5.68 billion in 2013.
Transparency Market Research report says that the high performance of the global ceramic coatings market is driven by the high demand for coatings capable of offering superior thermal protection for the aerospace and automotive vehicle parts industry.
Of the key regional sectors studied in the report, the North American market segment leads globally with nearly 34% of the market in 2013. Europe closely follows North America in the same year and acquired the second largest position in the regional market.
Asia-Pacific is estimated to overtake the regional market with the fastest growth rate in the high-performance ceramic coatings market over the forecast period in the report.
