Thin Film Ceramic Coatings Market By Coating Method (Physical Vapor Deposition (PVD) Coatings (Thermal Evaporation & Sputtering), Chemical Vapor Deposition (CVD) Coatings (Conventional CVD Coating & Diamond CVD Coating) By Application - Forecast(2024 - 2030)
Thin Film Ceramic Coatings Market Overview
The Thin Film Ceramic Coatings Market size is forecasted to grow at a CAGR of 6.7% during the forecast period
2022-2027. Thin film ceramic coatings have superior properties such as excellent
abrasion resistance, chemical resistance, thermal resistance, anti-microbial
properties and more. Moreover, they also offer hydrophobic and hydrophilic
properties along with dry film lubrication and electromagnetic shielding. These
characteristics make it ideal for use in various industries which include
automotive, aerospace, marine, electrical & electronics, oil & gas and
other industries. The expansion of the thin film ceramic coatings is primarily
driven by their usage in the automotive industry. In 2020, the surge in the
COVID-19 pandemic negatively impacted automotive production activities, thus,
temporarily affecting the growth of the thin film ceramic coatings industry. However,
a steady recovery in automotive production has been witnessed since 2021, which
in turn, is driving the demand for thin-film ceramic coatings. For instance, according
to the International Organization of Motor Vehicle Manufacturers (OICA), the
total global automobile production reached 80.2 billion units in 2021, an
increase of 3% as compared to 77.7 billion units in 2020. An increase in
automotive production along with the surging demand from the marine sector is
expected to drive the growth of the thin film ceramic coatings market size in
the coming years. On the other hand, fluctuating prices of raw materials may
confine the growth of the market.
Thin
Film Ceramic Coatings Market Report Coverage
The
"Thin Film Ceramic Coatings Market Report – Forecast (2022-2027)” by IndustryARC,
covers an in-depth analysis of the following segments in the Thin Film Ceramic
Coatings Market.
By Coating Method: Physical Vapor Deposition (PVD) Coatings (Thermal Evaporation
and Sputtering), Chemical Vapor Deposition (CVD) Coatings (Conventional CVD
Coating and Diamond CVD Coating)
By Application: Decorative
Coatings, Optical Coatings, Protective Coatings, Others.
By End-Use Industry: Automotive (Passenger Vehicles,
Light Commercial Vehicles and Heavy Commercial Vehicles), Aerospace
(Commercial, Military and Others), Marine (Passenger Ships & Cruises and Heavy
Load Carriers), Energy (Solar and Wind), Oil & Gas, Electrical &
Electronics (Semiconductor, Appliances, Others), Others.
By Geography: North
America (USA, Canada and Mexico), Europe (UK, Germany, France, Italy,
Netherlands, Spain, Denmark, Belgium and the Rest of Europe), Asia-Pacific (China,
Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan,
Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World [Middle East (Saudi Arabia, UAE,
Israel, and Rest of Middle East), and Africa (South Africa, Nigeria, and Rest
of Africa)].
Key Takeaways
- Protective application in thin film ceramic coatings market held a significant share in 2021. Its wide range of properties such as excellent resistance to chemicals, heat, abrasion and more, make it ideal for use in protective applications.
- Aerospace industry held the largest share in the thin film ceramic coatings market in 2021, owing to the increasing demand for thin-film ceramic coatings from the aerospace sector across the world. For instance, in January 2021, FedEx Express invested around US$ 6.6 billion for the development of 24 medium and large Freighters from Boeing, which is expected to increase the demand for flame-thin film ceramic coatings for use in exterior and interior applications of an aircraft.
- North America dominated the thin film ceramic coatings market in 2021, owing to its increasing demand from the aerospace sector of the region.
- A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Thin Film Ceramic Coatings Market Report.
Figure: North America Thin Film Ceramic Coatings Market Revenue, 2021-2027 (US$ Million)
Thin Film Ceramic Coatings Market Segment Analysis – by Application
The protective application
segment held a significant Thin Film Ceramic Coatings Market share in 2021. Thin
film ceramic coatings offer a range of characteristics such as excellent
abrasion resistance, anti-icing, anti-microbial, chemical resistance, dry film
lubrication, electromagnetic shielding, infra-red (IR) and near infra-red
(NIR) anti-reflectance. Moreover, it also offers hydrophobic, superhydrophobic
and hydrophilic properties along with excellent resistance to scratch, heat and
UV rays. Hence, such properties of thin-film ceramic coatings are driving their
demand for use as protective coatings in multiple industries such as
automotive, aerospace, marine, oil & gas and other industries. For
instance, recent insights from the International Organization of Motor Vehicle
Manufacturers (OICA) state that the total automobile
production in 2021 in Asia-Pacific increased by 28% in comparison to 2020. Thus,
such increasing production from the automotive and other industries is expected
to increase the demand for thin-film ceramic coatings, owing to their
above-mentioned protective properties. This is expected to drive the growth of the
market during the forecast period.
Thin Film Ceramic Coatings Market Segment Analysis – by End-Use Industry
The aerospace segment
held the largest Thin Film Ceramic Coatings Market share of over 25% in 2021. Thin-film ceramic coatings are primarily used for protective applications in the
aerospace industry. The properties of thin film ceramic coatings such as high abrasion
resistance, anti-icing, electromagnetic shielding, chemical resistance, hydrophobic
and hydrophilic properties along with excellent resistance to heat and UV rays
make them ideal for use as protective coatings in the aircraft structure. For
instance, in November 2021, the Indian government announced its plan to launch
its military aviation project that aims at building a fifth-generation fighter
or medium combat aircraft incorporated with advanced stealth features and
capabilities. The aircraft is scheduled for launch by the end of 2022.
Moreover, the Indian Air Force (IAF) announced its plans to deliver 73 Tejas
Mark-1A fighter jets which are scheduled to be delivered from 2024 to 2028.
Thus, such increasing production from the aerospace sector is expected to
increase the demand for thin-film ceramic coatings, owing to its
above-mentioned properties. This is expected to expand the thin film
ceramic coatings market size during the forecast
period.
Thin Film Ceramic Coatings Market Segment Analysis – by Geography
North America
held a dominant Thin Film Ceramic Coatings Market share of around 34% in the
year 2021. The consumption of thin film ceramic coatings is particularly high
in this region due to its increasing demand from the aerospace sector. For
instance, according to the Federal Aviation Administration (FAA), the total
commercial aircraft fleet is estimated to reach up to 8,270 by the end of 2037,
owing to the growth of air cargo activities. It further states that the US
mainliner carrier fleet is estimated to increase at a rate of 54 aircraft per
year. Furthermore, in January 2021, FedEx Express invested around US$6.6
billion for 24 medium and large Freighters from Boeing.
Thin Film Ceramic Coatings offer a wide range of benefits such as high abrasion resistance, anti-icing, electromagnetic shielding, and hydrophobic properties along with excellent resistance to UV rays, which makes them ideal for use as protective coatings in the aerospace industry. Moreover, the use of thin film ceramic coatings provides an extremely hydrophobic aircraft surface that allows the aircraft surface to repel dirt and stains while improving aerodynamics and increasing fuel efficiency. Thus, such surging developments from the aerospace sector in the region are anticipated to drive the growth of the market during the forecast period.
Thin Film Ceramic Coatings Market Drivers
An increase in automotive production
Thin Film Ceramic Coatings are primarily used on
the automobile surface to protect the automobile from scratches, dirt and
chemical contaminants. Its range of properties such as abrasion resistance,
heat resistance, chemical resistance and resistance to UV rays makes it ideal
for use in the automotive sector. According to a recent study published by the
German Association of Automotive Industry during the fourth quarter of 2020,
the new registration of motor vehicles reached up to 16,763 units in Europe,
37,467 units in Asia, 3080 units in South America, 17,421 units in North
America, 12,733 units in Western Europe, and 5180 units in other regions
worldwide. Likewise, in August 2021, Ford commenced the development of its
automobile plant in Germany. The new facility will be responsible for the
assembly of a new electric vehicle and aims at increasing electric vehicle
production in the country. The facility construction is scheduled to be
completed by end of 2022. Furthermore, according to recent insights from the
South Korean Ministry of Trade, Industry, and Energy, automobile production in
South Korea amounted to 271,054 units in December 2021. It further states that
Hyundai Motor and GM Korea account for about 53.3% of total domestic automobile
production in the country. Hence, such an increase in automobile production is
expected to increase the demand for thin film ceramic coatings, owing to their
above-mentioned properties. This is expected to fuel the growth of the market
in the upcoming years.
Surging demand from the marine sector
Thin Film Ceramic Coatings are primarily used as a protective coating for marine
propellers and marine equipment. Marine ships and vessels are highly prone to
wear, corrosion and cavitation problems, owing to harsh conditions in seawater.
Thus, the properties of thin film ceramic coatings such as excellent
resistance to wear, chemical, corrosion, and abrasion along with its antimicrobial
properties are driving its usage in the marine sector. For instance, in
February 2021, A.P. Moller - Maersk announced its plan to launch its first
carbon-neutral marine vessel in Denmark. The development of the project is
expected to be completed in 2023. In February 2022, Hapag-Lloyd, a German
shipping company, announced its plans to build new TEU vessels. The first ship
is scheduled for delivery in 2023, while the rest of the 12 vessels are
scheduled for delivery in 2024. Moreover, in December 2021, China announced its
plans to deliver its first locally built cruise ship in the country. The ship
is 37.2 meters wide, with a 323.6-meter long hull. The development of the ship
is scheduled to be completed in 2023. Furthermore, in September 2021, the
government of Taiwan invested NT$840 million (US$30.2 million) in the
development of a new fishing training ship in Taiwan that complies with
international standards. The construction of the ship is expected to be
completed by 2023. In this way, an increase in production from the marine
sector is expected to increase the demand for thin film ceramic coatings for
the protection of marine ships and vessels from wear, corrosion, and more. This
is expected to accelerate the growth of the thin film ceramic coatings market
in the upcoming years.
Thin Film Ceramic Coatings Market Challenges
High cost of thin film ceramic coatings
Thin Film Ceramic Coatings are ideal for use as protective coatings in a wide range of
industries such as automotive, aerospace, marine, oil & gas and other
industries. However, it is usually associated with a high cost which may
restrain the growth of the market. For instance, the price range for thin film
ceramic coatings on cars in India can range from INR 18,000 (US$ 236.1) to INR
35,000 (US$ 459) depending upon the size
of the car and the number of coats. Furthermore, recent insights from Autochimps
state that the cost of such coatings can range anywhere from US$ 1500 to US$ 3000.
Thus, such high costs associated with thin film ceramic coatings may limit the
growth of the thin film ceramic coatings industry during the forecast period.
Thin Film Ceramic Coatings Industry Outlook
Technology launches, acquisitions, and increased R&D activities are
key strategies adopted by players in the Thin Film Ceramic Coatings Market. The top companies in the Thin Film Ceramic Coatings market are:
- FNG Precision Coatings
- Alluxa
- Micro Point Pro Ltd (MPP)
- Thin Films Inc.
- EP Laboratories, Inc.
- Ulvac-Phi, Incorporated
- Reynard Corporation
- Torr Scientific Ltd
- IDEX Corporation.
- MATREION
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