International. The North American market for high-performance ceramic coatings amounted to about $1.3 billion in 2015 and should reach $1.9 billion in 2020, reflecting a five-year compound annual growth rate of 7.8%.
Thermal spray coatings, the fastest growing segment with a five-year CAGR of 8.6%, should grow from $695.4 million in 2015 to $1 billion in 2020. The Physical Vapor Deposition (PVD) segment is due to grow from US$260.4 million in 2015 to US$377.1 million in 2020, with a five-year CAGR of 7.7%.
Thermal spray coatings, which captured 53.1% of the market in 2014, should increase their market share to 55.2% in 2020. Physical vapor deposition (PVD) accounted for the second largest market share (19.9%), which could decline slightly to 19.8% in 2020. Meanwhile, the share of chemical vapor deposition (CVD) is forecast to decline by 16.2% from 19.4% over the same period. Other coating technologies (e.g. spray/immersion, sol-gel and micro-oxidation techniques) are predicted to gain market share, up to 8.8% in 2020 from 7.6% in 2014.
