International. The global ceramic coatings market is expected to grow at a CAGR of 7.50% from 2015 to 2020, to reach a value of US$10.12 billion by 2020.
The MarketsandMarkets study notes that Asia-Pacific dominated the ceramic coatings market in 2014 and accounted for more than 40% of the market in value. The United States is the top customer of ceramic coating by country, globally with a CAGR of 6.63% in terms of value between 2015 and 2020.
On the other hand, the rest of the world, including the Middle East, Africa and South America, are expected to witness the highest growth rate of ceramic coatings by 2020. High-performance ceramic coatings are widely preferred today by many manufacturers and find great applications in the aerospace, automotive, healthcare, energy, defense, fiber optic communications, and environmental protection sectors.
"Nitride coatings are the second fastest growing segment by type, and thermal spraying dominates as the key technology in the ceramic coatings market."
Thermal spraying takes the highest positions in the ceramic coatings market with more than 64% share in value. The second highest growth rate through 2020 in the ceramic coatings market is expected to come from nitride, used in different industrial applications that will continue to grow in the coming years. Oxide coatings dominate the ceramic coating market by type, in terms of volume and value.
