COVID-19 Vaccine Trials Encourage Companies to Make Strategic Business Plans
Antiviral surface coatings are in high demand due to the onset of the COVID-19 (coronavirus) situation. Companies in the high performance ceramic coatings market such as Simix— a specialist in nano-engineered multi-surface coatings, are taking giant strides to introduce ceramic coatings meant for HVAC systems and hard surfaces to stave off coronavirus pathogens. Manufacturers are increasing efforts to develop coatings that create high pH surface to fight the spread of viruses.
Product innovations are helping to fuel revenue of the macroeconomic system. However, uncertainties raw material procurement and workforce layoffs stemming from the pandemic are likely to impact business activities. Companies in the high performance ceramic coatings market are making strategic business plans since nations are in the race to introduce COVID-19 vaccines in the first quarter of 2024.
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Teflon Coating versus Ceramic Coating: Which is Better for Cars and Bikes?
Teflon coating, also known as paint protection coating, is being extensively used in procedures to enhance a vehicle’s appeal. As such, ceramic coatings are a level ahead of Teflon coatings since the former connects with the vehicle’s paint at a molecular level, thus providing superior protection against dust and dirt. However, high cost and long procedure of ceramic coating application are increasing the likelihood of Teflon coatings for more sales. In order to overcome these disadvantages, manufacturers in the high performance ceramic coatings market are promoting its several advantages such as minimal to no side effects on vehicle paint.
Spray-on Ceramic Coatings Offer Incremental Opportunities to Manufacturers
Spray-on ceramic coatings are a highly disputed innovation in the high performance ceramic coatings market. Torque Detail— a manufacturer of premium car wax sprays is gaining market recognition for its spray-on ceramic coating, which caters to the convenience and easy application needs of vehicle owners. Innovative products are catalyzing growth in the high performance ceramic coatings market, which is estimated to cross a revenue of US$ 14.3 Bn by 2030.
Innovative nanoparticle technology is boosting the sales of spray-on ceramic coatings. However, these coatings stick on substrates for a shorter period of years as compared to traditional pro-grade ceramic coatings. Companies in the high performance ceramic coatings market are overcoming this disadvantage, as hours of painstaking preparation and installation are not preferred with traditional coatings.
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New Technologies in Coatings Improve Fuel Yield in Aircraft
Ceramic coatings are found to lower aircraft fuel consumption. Researchers at the Fraunhofer Institute in Dresden are innovating in a new ceramic heat shield made from the powder of yttrium-stabilized zirconium oxide for industrial applications. Companies in the high performance ceramic coatings market should collaborate with think tanks from research institutes and universities to produce novel ceramic coatings that can be sprayed on turbine blades of aircraft.
New technologies in ceramic coatings are making aircraft more economical, environment-friendly, and robust. Manufacturers in the high performance ceramic coatings market are increasing their production in thin ceramic coatings, which can be sprayed on turbine blades to allow high operating temperature and improve fuel yield.
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Protective Nanocoatings Gain Prominence in Medical, Marine, and Electronics
The high performance ceramic coatings market is projected to advance at a favorable CAGR of ~7% throughout the assessment period. Manufacturers are unlocking revenue opportunities in the healthcare sector due to surging demand for nanocoatings. For instance, the NanoSlic ceramic coating technology is being highly publicized as a protective nanocoating, owing to its dense network of strong chemical bonds to the substrate. Companies in the high performance ceramic coatings market are gaining a strong research base in chemistry, polymer science, and nanotechnology to manufacture state-of-the-art coating solutions for the medical sector.
Manufacturers are focusing on high-performance binder polymer layer in coatings that are capable of withstanding real-world conditions. Electronics, telecommunications, and marine industries hold lucrative opportunities for market expansion.
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