Global High-Performance Ceramic Coatings Market to Reach US$9.07 bn, Driven by High Demand from Automotive and Aerospace Industries
Aero-engines or automotive vehicle parts usually operate at elevated temperatures, hence they require exhaust heat management. High-performance ceramic coatings once applied on aerospace and vehicle parts insulate the components from prolonged heat load. In doing so the coatings deliver higher operating temperatures and at the same time limit the thermal exposure of structural components. A new report by Transparency Market Research, titled “ High-performance Ceramic Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 ” studies the global high performance ceramic coatings market in terms of the key end-use industries, diverse coating technologies, and regional markets. According to the report, the global high-performance ceramic coatings market, which stood at US$5.68 bn in 2013, is expected to reach US$9.07 bn, exhibiting a CAGR of 7.0% between 2014 and 2020.High-performance ceramic coatings offer excellent thermal prote...