Summary
APAC Ceramic Coating Market-Segmented by Product Type , End-user Industry and Countries-Trends and Forecasts ( 2017-2022 )
The APAC ceramic coating market was valued at USD XX billion in 2016 and is projected to reach USD XX billion by 2021 , at a CAGR of XX % during the forecast period from 2016 to 2021 . The APAC ceramic coatings market is a rapidly growing one , as the ceramic coatings are applied to the surface of varied materials ranging from cloth to metals for thermal insulation properties and to have desired properties for functional as well as aesthetic appeal .
Ceramic coatings have a wide variety of applications in industries , they can be observed in everyday life like non-stick coatings and engine exhaust coatings . Various major companies around the world manufacture them . Manufacturing , oil & gas , automotive , aerospace are major users of the ceramic coatings . Other uses include in segments of textile , healthcare and others . Market Dynamics of the APAC Ceramic Coating Market : Drivers :
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The ceramic coating market in the APAC region is primarily driven by rising demand in automotive industry , growing consumer economic status in this region and increasing usage in textile industry . The application of ceramic coatings for thermal insulation in aerospace applications , like space shuttles , makes them attractive to that segment of the market and therefore , ceramic coatings are witnessing fast growth due to increased interest in space . The increasing nano technological applications market where electronic devices are manufactured using coatings appears to be a significant market in the future .
Restraints :
The market growth can be deterred due to expensive raw materials and capital-intensive production facilities .
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The market has been geographically segmented into China , India , Japan , South Korea and the Rest of Asia-Pacific . In terms of consumption in 2016 , China and India lead the market . This high demand is driven by a rapid growth in automotive , healthcare and oil & gas industry that occurred chiefly due to the industrialization and urbanization in developing countries of China and India .
Company profiles of the major ceramic coating manufacturers been discussed in this study ; these include :
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