The global demand for Thermal Barrier Coatings Market is presumed to reach the market size of nearly USD 27.46 BN by 2030 from USD 17.1 BN in 2022 with a CAGR of 6.1% under the study period 2023 - 2030.
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
- Metals
- Ceramics
- Intermetallics
- Others
By Application
- Stationary Power Plants
- Aerospace
- Automotive
- Others
By Technology
- Cold Barrier
- Flame Barrier
- Plasma Barrier
- High-Velocity Oxy-Fuel (Hvol)
- Electric Arc Barrier
By Combination
- Ceramic Ysz
- Al2O3 (Aluminium Oxide)
- Mcraly
- Mullite-Based
- 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 Praxair Surface Technologies, Metallisation Ltd., Flame Spray Coating Co., Precision Coating Inc., MesoCoat Inc., Cincinnati Thermal Spray Inc., ASB Industries Inc., Thermion, A&A Company, 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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