Asia-Pacific ceramic coatings market is estimated to grow at a CAGR of around 6.1% during the forecast period. The growth is mainly attributed to the growing automotive and aerospace industry in the region, which is primarily involved in the development of innovative technologies. According to the data from the International Organization of Motor Vehicle Manufacturers (OICA), APAC region dominates the global passenger car sales with around 56% of the total sales. Moreover, the data from OICA suggests that the total sales of vehicles in the year 2016 in APAC were near to 47.3 million which is equal to 49% of the global sales. In 2017, APAC has shown a growth rate of 4.25% and 7.5% in 2016 for all vehicle sales.
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Apart from these economies Australia, South Korea, Indonesia, Malaysia, Thailand are the major economies which have significant automobile sales in 2016. Apart from the automotive sector, ceramic coatings find their enormous application in the energy sector. Solar panels are generally coated with ceramics as a protective layer, which further enables them to withstand higher temperature and improved functionality. Solar energy is seen as one of the most abundantly available renewable energy on the earth and the Asia-Pacific region does not lag to harness it.
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Asia-Pacific 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.)
