Aerospace Industry to Give Boost to Adoption of High Performance Ceramic Coatings Market Key Highlights of Global High Performance Ceramic Coatings Market
The global high performance ceramic coatings market was valued at US$ 8.2 Bn in 2018 and is anticipated to expand at a CAGR of 7.0% during the forecast period High performance ceramic coatings constitute a group of materials with diverse compositions and properties. They are generally employed for wear resistant, corrosion resistant and high temperature resistant applications. Adoption of high performance ceramic coating such as thermal barrier coating is rising in automotive applications. Insulation using high performance ceramic coatings shorten the ignition delay period and thus lowers the fuel consumption and reduces the heat loss. Commonly used high performance ceramic coatings materials include zirconates, yttria stabilized zirconia, mullite, and alumina.
Key Drivers of Global High Performance Ceramic Coatings Market
High performance ceramic coatings are advanced coatings having unique properties which help them to be used for a wide range of end user industries such as automotive, aviation, chemical equipment and medical. Recent studies in improving the efficiency of gas turbine engines for aerospace applications reveal the need for the high performance materials that are able to withstand high combustion temperatures. High performance ceramic coatings employed in aircraft engines significantly increase efficiency & fuel economy and reduce emissions. Thus, leading to rise in their consumption over the forecast period.
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