US ceramic coatings market is estimated to grow at a CAGR of around 6.5% during the forecast period. Increasing investment in ceramic matrix composites is offering an opportunity for the growth of the market. For instance, in August 2018, General Electric declared that it is working on the development of ceramic matrix composites (CMCs) for its new LEAP gas turbine engine. The aircraft industry is anticipated to save $1 million per engine by using CMCs. GE Aviation considers CMCs to be critical material that meets the demand for gre ater fuel efficiency in aviation propulsion. Furthermore, Rolls-Royce of North America in October 2016, planned a $30 million expansion of its Research and Development capabilities in Southern California. The company will build a new research center in Cyprus, California for researching CMCs materials and production process. The goal of this expansion was the development of new products and technologies to manufacture jet-engine components.
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Some crucial players operating in the market include 3M Co., AkzoNobel N.V., BASF SE, DuPont de Nemours, Inc. To survive in the market, these players are adopting crucial strategies, such as product launches, geographical expansion, and partnerships and collaborations. This enables the company to increase its competitiveness and attract significant share in the market. For instance, in June 2017, BASF SE invested $40 million in the production of automotive coatings in North America. This investment aims to add capacity to the manufacturing plants of the company in Greenville, Ohio, and Tultitlan, Mexico.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
US Ceramic Coatings Market by Technology
- Chemical Vapor Deposition
- Physical Vapor Deposition
- Electrophoretic Deposition
- Thermal Spray
US Ceramic Coatings Market by Coating Type
- Oxide Coating
- Carbide Coating
- Nitride Coating
- Others (Carbon Coating and Anti-microbial Coating)
US Ceramic Coatings Market by End-User
- Healthcare
- Industrial Goods
- Steel Industry
- Chemical Industry
- Aerospace & Defense
- Automobile & Transportation
- Others
Company Profiles
- 3M
- A&A Thermal Spray Coatings
- AkzoNobel N.V.
- Anderson Paint Company
- APS Materials, Inc.
- Aremco Products Inc.
- BASF SE
- Bell’s Powder Coating
- Ceramic Pro
- DuPont de Nemours, Inc.
The Report covers:
- Comprehensive research methodology of the US ceramic coatings market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regulations and other government policies impacting the US ceramic coatings market.
- Insights about market determinants which are stimulating the US ceramic coatings market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
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