High Performance Ceramic Coatings Market is Expected to Witness a Sustainable Growth by 2024
Transparency Market Research observes that APS Materials, Inc., Aremco, Praxair Surface Technology Inc., Bodycote Plc, and Ceramic Polymer GmbH are some of the leading players in the global high performance ceramic coatings market . These players have a strong hold in North America and Europe due to a stable automotive industry that has focused on innovation since its inception. However, to stay ahead of the competition, companies are expected to look at developing economies to widen their horizons. Emerging trends such as rapid infrastructural developments in newer economies and supportive governmental regulations are also expected to favor mergers and acquisitions in the near future. According to Transparency Market Research, the global high performance ceramic coatings market is expected to be worth US$ 2,980.4 mn by 2025 from US$7,119.3 mn in 2016. During the forecast years of 2017 and 2025, the global market is estimated to surge at a CAGR of 7.0%. The aviation industry...