As per this study the Global Thermal Barrier Coatings Market was valued at USD XX,XXX.X MN (by revenue) in 2019 and is anticipated to reach USD XX,XXX.X MN by 2026 with a CAGR of X.X%.
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.
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.
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 Application Market Share 2019
- Electron-beam Physical Vapor Deposition
- High Velocity Oxy-fuel
- Chemical Vapor Deposition
- Air Plasma
- Ceramic YSZ
- Stationary Power Plants
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.
Europe Thermal Barrier Coatings Market By Revenue (USD MN)
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., H.C. Starck Inc., Integrated Global Services, 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.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.