As per this study the Global Thermal Barrier Coatings Market was valued at USD 17.45 MN (by revenue) in 2021 and is anticipated to reach USD 25.89 MN by 2028 with a CAGR of 5.8%.
Thermal barrier coatings are the coat of ceramic materials which is usually applied to the metals in order to prevent them from degrading. This type of thermal resistive coating is generally done on metal turbines blades and aircraft engines followed by the industrial gas turbines and other components which get operated at very high temperatures. The thermal barrier coating protects the metal beneath from numerous degradation processes, like, creep, oxidation, etc. The metals or the substrate material is coated with a layer of 100µm to 2 mm. However, the increasing demand for such high-efficiency engines is proportionally increasing the need for such thermal barrier coating.
Market Dynamics
Rapid growth in vapor deposition and air plasma technologies for coating applications along with growing demand for gas turbine applications in various end-use industries have been key factors driving the industry. Growing demand from the aviation industry and automotive industry is further supporting the market growth. On the other side, fluctuating raw material prices may hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of thermal barrier coatings.
Market Segmentation
The broad thermal barrier coatings market has been sub-grouped into product, technology, combination and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product
- Metal
- Ceramic
- Intermetallic
- Others
By Technology
- Electron-beam Physical Vapor Deposition
- High Velocity Oxy-fuel
- Chemical Vapor Deposition
- Air Plasma
- Others
By Combination
- Ceramic YSZ
- Al2O3
- MCrAiY
- Mullite-based
- Others
By Application
- Stationary Power Plants
- Aerospace
- Automotive
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for thermal barrier coatings in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Thermal Barrier Coatings Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the thermal barrier coatings market includes A&A Company, Air Products & Chemicals, ASB Industries Inc., Cincinnati Thermal Spray, Inc., Flame Spray Coating Co., Zircotec Ltd., OC Oerlikon Management AG, MesoCoat Inc., Metallisation Ltd., Metallizing Equipment Co. Pvt. Ltd., Praxair Surface Technologies, Precision Coatings, Inc., Thermion, TST Engineered Coating Solutions, and TWI Ltd. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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Frequently Asked Questions (FAQs) about this Report
b. For the year 2021, the global market size for thermal barrier coatings was valued at USD 17.45 Billion.
b. The global thermal barrier coatings market growth is estimated to be close to 5.8% between 2023 and 2028.
b. In the global thermal barrier coatings market, North America holds the largest market share.
b. The global thermal barrier coatings market is segmented by Product (Metal, Ceramic, Intermetallic, Others), by Technology (Electron-beam Physical Vapor Deposition, High Velocity Oxy-fuel, Chemical Vapor Deposition, Air Plasma, and Others), by Combination (Ceramic YSZ, Al2O3, MCrAiY, Mullite-based, and Others), by Application (Stationary Power Plants, Aerospace, Automotive, Others).
b. The leading players in the global thermal barrier coatings market are A&A Company, Air Products & Chemicals, ASB Industries Inc., Cincinnati Thermal Spray Inc., Flame Spray Coating Co., Zircotec Ltd., OC Oerlikon Management AG, MesoCoat Inc., Metallisation Ltd., Metallizing Equipment Co. Pvt. Ltd., Praxair Surface Technologies, Precision Coatings Inc., Thermion, TST Engineered Coating Solutions, and TWI Ltd.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . THERMAL BARRIER COATINGS – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Product
3.7.2 By Technology
3.7.3 By Combination
3.7.4 By Application
3.7.5 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL THERMAL BARRIER COATINGS MARKET ANALYSIS BY PRODUCT
6.1 Overview by Product
6.2 Historical and Forecast Data
6.3 Analysis by Product
6.4 Metal Market by Regions
6.5 Ceramic Market by Regions
6.6 Intermetallic Market by Regions
6.7 Others Market by Regions
7 . GLOBAL THERMAL BARRIER COATINGS MARKET ANALYSIS BY TECHNOLOGY
7.1 Overview by Technology
7.2 Historical and Forecast Data
7.3 Analysis by Technology
7.4 Electron-beam Physical Vapor Deposition Market by Regions
7.5 High Velocity Oxy-fuel Market by Regions
7.6 Chemical Vapor Deposition Market by Regions
7.7 Air Plasma Market by Regions
7.8 Others Market by Regions
8 . GLOBAL THERMAL BARRIER COATINGS MARKET ANALYSIS BY COMBINATION
8.1 Overview by Combination
8.2 Historical and Forecast Data
8.3 Analysis by Combination
8.4 Ceramic YSZ Market by Regions
8.5 Al2O3 Market by Regions
8.6 MCrAiY Market by Regions
8.7 Mullite-based Market by Regions
8.8 Others Market by Regions
9 . GLOBAL THERMAL BARRIER COATINGS MARKET ANALYSIS BY APPLICATION
9.1 Overview by Application
9.2 Historical and Forecast Data
9.3 Analysis by Application
9.4 Stationary Power Plants Market by Regions
9.5 Aerospace Market by Regions
9.6 Automotive Market by Regions
9.7 Others Market by Regions
10 . GLOBAL THERMAL BARRIER COATINGS MARKET ANALYSIS BY GEOGRAPHY
10.1. Regional Outlook
10.2. Introduction
10.3. North America
10.3.1. Overview, Historic and Forecast Data
10.3.2. North America By Segment
10.3.3. North America By Country
10.3.4. United State
10.3.5. Canada
10.3.6. Mexico
10.4. Europe
10.4.1. Overview, Historic and Forecast Data
10.4.2. Europe by Segment
10.4.3. Europe by Country
10.4.4. United Kingdom
10.4.5. France
10.4.6. Germany
10.4.7. Italy
10.4.8. Russia
10.4.9. Rest Of Europe
10.5. Asia Pacific
10.5.1. Overview, Historic and Forecast Data
10.5.2. Asia Pacific by Segment
10.5.3. Asia Pacific by Country
10.5.4. China
10.5.5. India
10.5.6. Japan
10.5.7. South Korea
10.5.8. Australia
10.5.9. Rest Of Asia Pacific
10.6. Latin America
10.6.1. Overview, Historic and Forecast Data
10.6.2. Latin America by Segment
10.6.3. Latin America by Country
10.6.4. Brazil
10.6.5. Argentina
10.6.6. Peru
10.6.7. Chile
10.6.8. Rest of Latin America
10.7. Middle East & Africa
10.7.1. Overview, Historic and Forecast Data
10.7.2. Middle East & Africa by Segment
10.7.3. Middle East & Africa by Country
10.7.4. Saudi Arabia
10.7.5. UAE
10.7.6. Israel
10.7.7. South Africa
10.7.8. Rest Of Middle East And Africa
11 . COMPETITIVE LANDSCAPE OF THE THERMAL BARRIER COATINGS COMPANIES
11.1. Thermal Barrier Coatings Market Competition
11.2. Partnership/Collaboration/Agreement
11.3. Merger And Acquisitions
11.4. New Product Launch
11.5. Other Developments
12 . COMPANY PROFILES OF THERMAL BARRIER COATINGS INDUSTRY
12.1. Company Share Analysis
12.2. Market Concentration Rate
12.3. A&A Company
12.3.1. Company Overview
12.3.2. Financials
12.3.3. Products
12.3.4. Recent Developments
12.4. Air Products & Chemicals
12.4.1. Company Overview
12.4.2. Financials
12.4.3. Products
12.4.4. Recent Developments
12.5. ASB Industries Inc.
12.5.1. Company Overview
12.5.2. Financials
12.5.3. Products
12.5.4. Recent Developments
12.6. Cincinnati Thermal Spray, Inc.
12.6.1. Company Overview
12.6.2. Financials
12.6.3. Products
12.6.4. Recent Developments
12.7. Flame Spray Coating Co.
12.7.1. Company Overview
12.7.2. Financials
12.7.3. Products
12.7.4. Recent Developments
12.8. Zircotec Ltd
12.8.1. Company Overview
12.8.2. Financials
12.8.3. Products
12.8.4. Recent Developments
12.9. OC Oerlikon Management AG
12.9.1. Company Overview
12.9.2. Financials
12.9.3. Products
12.9.4. Recent Developments
12.10. MesoCoat Inc.
12.10.1. Company Overview
12.10.2. Financials
12.10.3. Products
12.10.4. Recent Developments
12.11. Metallisation Ltd.
12.11.1. Company Overview
12.11.2. Financials
12.11.3. Products
12.11.4. Recent Developments
12.12. Metallizing Equipment Co. Pvt. Ltd.
12.12.1. Company Overview
12.12.2. Financials
12.12.3. Products
12.12.4. Recent Developments
12.13. Praxair Surface Technologies
12.13.1. Company Overview
12.13.2. Financials
12.13.3. Products
12.13.4. Recent Developments
12.14. Precision Coatings, Inc.
12.14.1. Company Overview
12.14.2. Financials
12.14.3. Products
12.14.4. Recent Developments
12.15. Thermion
12.15.1. Company Overview
12.15.2. Financials
12.15.3. Products
12.15.4. Recent Developments
12.16. TST Engineered Coating Solutions
12.16.1. Company Overview
12.16.2. Financials
12.16.3. Products
12.16.4. Recent Developments
12.17. TWI Ltd.
12.17.1. Company Overview
12.17.2. Financials
12.17.3. Products
12.17.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Product (USD MN)
- Metal Market by Geography (USD MN)
- Ceramic Market by Geography (USD MN)
- Intermetallic Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Analysis Market by Technology (USD MN)
- Electron-beam Physical Vapor Deposition Market by Geography (USD MN)
- High Velocity Oxy-fuel Market by Geography (USD MN)
- Chemical Vapor Deposition Market by Geography (USD MN)
- Air Plasma Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Analysis by Combination (USD MN)
- Ceramic YSZ Market by Geography (USD MN)
- Al2O3 Market by Geography (USD MN)
- MCrAiY Market by Geography (USD MN)
- Mullite-based Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Analysis by Application (USD MN)
- Stationary Power Plants Market by Geography (USD MN)
- Aerospace Market by Geography (USD MN)
- Automotive Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global Thermal Barrier Coatings Market by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Thermal Barrier Coatings Report
- Market Research Process
- Market Research Methodology
- Global Thermal Barrier Coatings Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Product
- Market Attractiveness Analysis by Technology
- Market Attractiveness Analysis by Combination
- Market Attractiveness Analysis by Application
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Product (USD MN)
- Metal Market by Geography (USD MN)
- Ceramic Market by Geography (USD MN)
- Intermetallic Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global Market Analysis by Technology (USD MN)
- Electron-beam Physical Vapor Deposition Market by Geography (USD MN)
- High Velocity Oxy-fuel Market by Geography (USD MN)
- Chemical Vapor Deposition Market by Geography (USD MN)
- Air Plasma Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global Market Analysis by Combination (USD MN)
- Ceramic YSZ Market by Geography (USD MN)
- Al2O3 Market by Geography (USD MN)
- MCrAiY Market by Geography (USD MN)
- Mullite-based Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global Market Analysis by Application (USD MN)
- Stationary Power Plants Market by Geography (USD MN)
- Aerospace Market by Geography (USD MN)
- Automotive Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.