LONDON – A report from London-based Visiongain indicates that the global ceramic coatings market will reach a value of $5.98 billion in 2013. Growth comes as emerging market demand for various consumer items indirectly increases demand for ceramic coatings. Demand will also be driven as the need for cost-effective solutions for ceramic coatings to improve productivity and efficiency of machining equipment grows in importance.
The report,Global High Performance Ceramic Coatings Market 2013-2023, forecasts that the market for ceramic coatings will record solid growth over the next decade. “The ceramic coatings market is expected to grow well over the forecast period, as strong economic growth in the emerging markets will facilitate ceramic coatings demand. Ceramic coatings are also in demand in the developed world, where they are increasingly used to improve efficiency and productivity, and strengthen parts, delivering cost-savings,” said the author of the report.