Germany ceramic coatings market is estimated to grow at a CAGR of around 7.0% during the forecast period. According to Germany Trade and Invest, Germany has a considerable share in all the premium branded vehicles manufactured globally. The major brands which are German-based include Audi, BMW, Ford, Iveco, MAN, Mercedes, Opel, Porsche and Volkswagen. As the automotive manufacturers in Germany tend to increase their investment in R&D, the demand for ceramic coatings is expected to increase to boost the efficiency of the engine. Ceramic coatings are being increasingly used in the automotive components such as piston skirts, intake manifolds, cylinder heads and pistons. Moreover, reduced friction increased heat shielding, and increased wear resistance is a result of the application of ceramic coatings. This is expected to create opportunities for the growth of the Germany ceramic coatings market.
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Additionally, as per the International Renewable Energy Agency (IRENA), solar PV installations in Germany is further creating an opportunity for the growth of the market. Germany’s solar energy capacity increased from 39.2 GW in 2015 to 45.9 GW in 2018. High-quality Sio2 (silicone dioxide) ceramic coatings are being used on solar panels. Moreover, the manufacturers are trying to introduce new features in ceramic coatings such as self-cleansing. Therefore, increasing solar energy capacity is creating a scope for the growth of the market in the country.
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Some crucial players in the market include 3M Co., AkzoNobel N.V., BASF SE, and DuPont de Nemours, Inc. To survive in the market, the market players are adopting crucial strategies, such as product launches, geographical expansion, and partnerships and collaborations. This enables the company to increase its competitiveness and attract significant share in the market. For instance, in May 2018, Ceramic Polymer GmbH entered into a contract to apply the coating to the 3 huge spiral pipe systems of Francis turbines which are implanted on the river Louros with PROGUARD CN 200 in Germany.
Research Methodology
The market study of the Germany ceramic coatings market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.
Secondary Sources Include:
Financial reports of companies involved in the market
Whitepapers, research-papers, and news blogs
Company websites and their product catalog
The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation:
Germany Ceramic Coatings Market Research and Analysis by Technology
Germany Ceramic Coatings Market Research and Analysis by Coating Type
Germany Ceramic Coatings Market Research and Analysis by End-User
The Report covers:
Comprehensive research methodology of the Germany ceramic coatings market.
This report also includes a detailed and extensive market overview with key analyst insights.
Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regulations and other government policies impacting the Germany ceramic coatings market.
Insights about market determinants which are stimulating the Germany ceramic coatings market.
Detailed and extensive market segments with regional distribution of forecast revenues.
Extensive profiles and recent developments of market players.
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