Market Trends of North America Ceramic Coatings Industry
This section covers the major market trends shaping the North America Ceramic Coating Market according to our research experts:
Aerospace and Defense Segment to Dominate the Market Demand
- Aerospace and defense is the end-user industry that has the largest application of thermal sprayed ceramic coatings. Ceramic coatings are being preferred, owing to their properties, such as corrosion protection and friction reduction.
- These are extensively used as protective coatings, in order to protect the aircraft components and repair the old ones. The various airplane components, like engines, rotors, and other mechanical parts, require hard and wear-resistant coatings that can withstand high temperatures, therefore, they use ceramic coatings.
- They are used for coating the aerospace turbine components, engine components, and actuation systems, in order to provide high thermal, wear, and corrosion resistance, and longevity.
- With the increasing security concerns and increasing commercial use of aircraft as a medium of conveyance, the demand for aircraft has been increasing across the world. With this, various aircraft production orders have been lined up for delivery in the coming years.
- For instance, according to Boeing, by 2038, the deliverables of commercial aircraft are expected to reach about 9,130 units in North America.
- Hence, with the production of aircraft to deliver the aircraft orders from the defense as well as the aviation industry, the demand for ceramic coatings is projected to increase in the region, during the forecast period.
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United States to Dominate the Market
- In the North America region, United States dominated the ceramic coatings market. United States is one of the fastest emerging economies and has become one of the biggest production houses in the world, today. The country's manufacturing sector is one of the major contributors to the country's economy.
- According to the Federal Aviation Administration (FAA), the total commercial aircraft fleet is expected to reach 8,270 in 2037, owing to the growth in air cargo. Also, the US mainliner carrier fleet is expected to grow at a rate of 54 aircrafts per year due to the existing fleet getting older. Strong exports of aerospace components to countries, such as France, China, and Germany, along with robust consumer spending in the United States are driving the manufacturing activities in the aerospace industry.
- Various automotive manufacturers are planning to invest during the coming years, amid threats from the government to increase levies on auto imports from Mexico. This factor is expected to positively impact the automotive industry in the country in the coming years, thereby increasing the consumption of ceramic coatings in the automotive industry through the forecast period.
- The healthcare sector in the United States is by far one of the most advanced sectors in the country. At this rate, the healthcare spending in the country will be approx. 20% of the entire GDP by 2027.
- With the rising growing demand from various end-user industries, the market for ceramic coatings is expected to grow during the forecast period.
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