North American ceramic coatings market is estimated to grow at a CAGR of around 6.4% during the forecast period. Favorable government schemes and increasing demand for passenger and commercial vehicles is primarily contributing to the growth of the market. As per the International Trade Administration, the automotive sector accounts for approximately 3% to 3.5% of the US GDP. In 2017, about 17.6 million vehicles were sold in the US, out of which 65% were commercial vehicle and 35% are passenger cars. In terms of number, the global sales percentage of cars of the US is nearly 8%; however, the price of vehicles and its accessories are quite high in this region as compared to APAC, Middle East and Latin American region.
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Significant sales of the automotive vehicle lead the increasing demand for its parts such as optically transparent materials (including windshield and windows); sensors and engines that all require ceramic coating for its protection which in turn, supports the adoption of ceramic coatings. Ceramics find its application in transportation as they are lightweight and are capable of withstanding high temperature. In addition, it poses excellent resistance to wear and corrosion. These benefits offered by the ceramics have propelled its demand in the automotive industry.
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North American 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
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
