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(2023 - 2028)

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:

1. FNG Precision Coatings
2. Alluxa
3. Micro Point Pro Ltd (MPP)
4. Thin Films Inc.
5. EP Laboratories, Inc.
6. Ulvac-Phi, Incorporated
7. Reynard Corporation
8. Torr Scientific Ltd
9. IDEX Corporation.
10. MATREION

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