The ceramic coatings market will grow at a rate of 7.5% per
annum over the coming years, reaching a value of $10.12bn in
2020, according to a report published by Research and
The report, entitled "Ceramic Coatings Market by Type,
Technology and by Application – Global Trends &
Forecasts to 2020", attributes a significant part of this
growth to an increase in the ceramic coating of automotive
It also predicts that the market – in which
competition is limited to a small number of manufacturers
– will be pushed by new product developments,
expansions, and the increasing demand for plasma-sprayed
ceramic coating in semiconductor and LCD equipment.
Growth in the US, the largest market for the sector, is
expected to grow at a rate of 6.73% over the five year period
A spokesperson for APS Materials – a company which
supplies the largest part of its ceramic coatings products to
the semiconductor industry – told IM
that it was seeing a "modest increase" in the sector of
approximately 5% annually.
The spokesperson said that since there is such a wide
variety of applications for ceramic coatings, there are
unlimited possibilities for this market segment to expand. "No
one factor will have an overall influence," they said.
The healthcare industry is expected to provide the fastest
source of growth for the ceramic coatings industry over the
Meanwhile, the outlook for ceramic products in the oilfield
market looks less promising, as low oil prices and a pull back
in fracking activity continue to hurt proppant suppliers (see
North American proppant producer Carbo Ceramics Inc. said in
September that it will idle its ceramic proppant manufacturing
facility in Millen, Georgia owing to reduced industry activity
levels in the oil and gas sector.
This follows Carbo’s announcement in March that
it would be reducing its workforce and cutting its quarterly
dividend following severe market deterioration, as well as
implement plans to mothball its proppant manufacturing facility
in McIntyre, Georgia, until market conditions recover.
"The continued downward pressure on the commodity price for
oil negatively impacts industry activity levels and the
resulting demand for ceramic proppant," the
company’s CEO, Gary Kolstad, said. "Similar to
actions taken in the second quarter, we have decided to idle
one of our facilities until such time as market conditions
warrant bringing it back online."
Kolstad added that the company would continue to manage the
remaining output from its other proppant manufacturing
facilities, located in Alabama and Georgia in the US, in
addition to facilities in China and Russia.
Carbo reported a net loss of $17m, or $0.74/share, for Q2
2015 as proppant sales volumes slid 40% year-on-year due to the
challenging oil and gas market.