As per this study the Global Thermal Barrier Coatings Market was valued at USD 14,132.5 MN (by revenue) in 2017 and is anticipated to reach USD 22,528.6 MN by 2024 with a CAGR of 6.9%.
 
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.
 
Objectives of the Study:

• Define and measure the global thermal barrier coatings market
• Revenue forecast of the global thermal barrier coatings market and its various sub-segments with respect to main geographies
• Analyze and identify major market trends along with the factors driving or inhibiting the market growth
• Study the company profiles of the major market players with their market share
• Analyze competitive developments

 
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 Application Market Share 2017
 

 
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.
 
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.
 
METHODOLOGY:
 
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.