China ceramic coatings market is estimated to grow at a CAGR of around 6.4% during the forecast period. According to OICA, China has manufactured about 29 million vehicles in 2017 as compared to 28.1 million vehicles in 2016 with significant production growth of 3.2% in 2017. About 25 million new passenger cars were registered and 4.2 million new commercial vehicles were registered in the country in 2017. The Chinese Central Government expects that China automotive output will touch 30 million units by 2020 and 35 million by 2025.
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The government of China launched Made in China 2025 initiatives for the manufacturing industry. This initiative aims to upgrade the industry from low-cost mass production to higher value-added advanced manufacturing. The initiative prioritizes 10 sectors including the automotive sector. In April 2017 China announced, “Automobile Mid and Long-Term Development Plan” for further development of the automotive sector in the upcoming 10 years. In December 2016, the country has implemented a “Luxury Car Consumption Tax” of 10% on imported cars valued above $188,000. This significant focus on increasing automobile production presents an immense opportunity for China ceramic coatings market. Ceramic coatings are beneficial for automotive surfaces as it protects the car from corrosion, scratches, and provides gloss and longevity.
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China Ceramic Coatings Market Segmentation
By Technology
- Chemical Vapor Deposition
- Physical Vapor Deposition
- Electrophoretic Deposition
- Thermal Spray
By Coating Type
- Oxide Coating
- Carbide Coating
- Nitride Coating
- Others (Carbon Coating and Anti-microbial Coating)
By End-User
- Healthcare
- Industrial Goods
- Steel Industry
- Chemical Industry
- Aerospace & Defense
- Automobile & Transportation
- Others
Company Profiles
- 3M
- AkzoNobel N.V.
- BASF SE
- Bodycote plc
- DuPont de Nemours, Inc.
- Keronite International Ltd.
- Kurt J. Lesker Company Ltd.
- Morgan Advanced Materials plc
- Praxair S.T. Technology, Inc.
- Saint Gobain S.A.
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