In January 2022, Signo-Nanocare set pace for its return to ‘kbb 2022’ with the launch of its fluorine-free nano-coating, Nanoflex Optiperl. The rollout is expected to turn out as a significant development in the ceramic coating market, particularly after the COP26.
This is because the conference laid a strong environmental emphasis on all aspects of supply, covering product life extension, waste reduction, manufacturing, and product sourcing. It is to be noted that Optiperl is complementary to Signo-Nanocare’s existing array of appearance retention and surface protection coatings.
In line with similar advancements, ceramic coating market value is expected to surpass USD 13.54 billion by 2027, according to the latest study conducted by Global Market Insights Inc.
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Here are a few major developments that are expected to propel industry outlook through the coming years:
Rising product application across various end-users: 3M launches 3M Ceramic Coating in the Indian automotive industry
The market share from industrial goods is anticipated to exceed USD 2.6 billion by 2027. This rise can be attributed to the surging deployment of the product across various end-user industries including energy, aerospace, healthcare, and automotive sectors.
Numerous companies are, therefore, depicting an increased interest in the introduction of new ceramic coating products across various regions. For instance, in February 2022, 3M India announced the rollout of 3M Ceramic Coating on the Indian automotive and paint market. Facilitating easier car care procedures with minimal maintenance, the treatment has been launched as an ultimate solution to all issues pertaining to exterior car surfaces.
Increasing financing of R&D projects: University of Nottingham expert receives £2.1M funding
An increase in research and development initiatives by various organizations is expected to open avenues for business expansion across various industries. Citing an instance, in April 2021, a materials expert at the University of Nottingham procured a funding of over £2.1M for the development of new coatings to be deployed in the aerospace industry.
The project makes use of advanced chemistry and AI for influencing the molecular architecture of ceramic materials for making them more sustainable and durable and tailoring their properties. The initiative is expected to help cut jet plane CO2 emissions and enable the venturing of spacecrafts (built for humans) into the solar system.
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Steps taken by leading industry players: DuPont inks a definitive agreement for the acquisition of Rogers Corporation
Key participants in the ceramic coating industry comprise Cetek Ceramic Technologies Ltd., Bodycote PLC, APS Materials, Inc., Keronite Group, Aremco Products, Inc., Saint-Gobain S. A., Morgan Technical Ceramics, Praxair Surface Technologies, Inc., and others. Furthermore, a number of ceramic coating manufacturers are focused on the adoption of capacity expansion and strategic initiatives including mergers, acquisitions, partnerships, and product developments for maintaining their position in the market.
For instance, in April 2021, DuPont forged a definitive agreement for the acquisition of Rogers Corporation, a global leader in engineered materials and components, for a value of USD 5.2 billion. The move formed part of the company’s advancement of its strategy, centered on market-leading high-margin, high-growth businesses with complementary financial and technology characteristics.
In a nutshell, the mounting use of ceramic coating materials in heavy-duty and high-speed applications for power generation equipment, steel production, and in food manufacturing and pharmaceutical equipment is expected to bolster industry expansion through the upcoming years.
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