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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Further, the research team at New York University (NYU) has developed a 3D-printed ceramic implant in August 2018, that dissolves slowly and allows bones for growing in their place. The implants are capable of imitating the shape of the missing bone and are chemically coated for simulating the growth of the bone. The research team has developed this technology to focus on patients with non-healing bone defects. 3D printing is considered to be a promising technology as it allows the research team for producing patient-specific implants matching precise shape and size that are required to fill specific bone defects. These investment and researches will likely to promote its applications across aerospace and healthcare industry and thereby is expected to drive the growth of the market.
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US 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.)
