Thermal Barrier Coatings Market

Thermal barrier coatings are coatings applied to metal surfaces, operating at a high temperature such as parts of gas engine turbines. These coatings are used to further increase engine operating temperatures and reduce cooling requirements, and therefore, achieve high engine efficiency, increases lifespan of components and lower emission.

Growing automobile and aerospace industries is expected to aid in growth of the thermal barrier coatings market. However, high price of raw materials and manufacturing technologies of thermal barrier technologies, are some of the factors expected to adversely affect growth of this market.

Growing demand for thermal power coatings from automotive industry is expected to boost the market growth of thermal barrier coatings. In automotive application, thermal barrier coatings are used to reduce heat loss from engine exhaust system components, including exhaust manifolds, turbocharger casings, exhaust headers, downpipes, and tailpipes. A gradual increase in Electric Vehicles (EVs) on roads is expected to positively propel the growth of the automotive industry. This, in turn, is further expected to create demand for TBCs during the forecast period.

Market Dynamics

North America is expected to retain its dominance in the thermal barrier coatings market over the forecast period. This is mainly attributed to increasing sales of automobiles and technological advancement. In 2021, 2.9 million trucks were sold according to the sales tracker Autodata, which is a slight increase over 2.1 million trucks 2020. In Asia Pacific, growing automobile and industrial sectors, are projeced to aid in growth of thermal barrier coatings market. The players in global thermal barrier coatings market are primarily focusing on R&D activities to develop advanced thermal barrier coating.

Thermal barrier coatings possess excellent properties such as superior heat resistance capacity, which enable gas turbines to operate at high operating temperatures with higher efficiencies. The growing demand for thermal barrier coatings in the automotive and aerospace industries, primarily applied in the exhaust systems of automobiles, is expected to drive market growth over the forecast period.

Key features of the study:

• This report provides an in-depth analysis of global Thermal barrier coatings market, and provides market size (US$ billion & KT) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global Thermal barrier coatings market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include A&A Thermal Spray Coatings, Air Products and Chemicals, Inc., ASB Industries Inc., Cincinnati Thermal Spray, Inc., Flame Spray Coating Co., H.C. Starck Inc., MesoCoat Inc., Metallisation Ltd., Praxair Surface Technologies, Precision Coating, Inc, THERMION Inc, TWI Ltd
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global Thermal barrier coatings market report caters to various stakeholders in this industry including investors, suppliers, Thermal barrier coatings manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Thermal barrier coatings market

Detailed Segmentation:

• Global Thermal barrier coatings Market, By Product Type:
  • Metal
  • Ceramics
  • Intermetallic
  • Others
• Global Thermal barrier coatings Market, By Coating Materials:
  • AL2O3
  • Ceramic YSZ
  • MCrAlY
  • Others
• Global Thermal barrier coatings Market, By Technology:
  • HVOF
  • Vapor Deposition
  • Air Plasma
• Global Thermal barrier coatings Market, By Application:
  • Automotive
  • Industrial
  • Energy and Aerospace
• Global Thermal barrier coatings Market, By Region:
  • North America
    • By Country:
      • U.S
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country:
      • Germany
      • U.K
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East & Africa
    • By Country/Region:
      • Middle East
      • Africa
• Company Profiles
  • A&A Thermal Spray Coatings 
    • Company Overview
    • Product Portfolio
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Air Products and Chemicals, Inc.
  • ASB Industries Inc.
  • Cincinnati Thermal Spray, Inc.
  • Flame Spray Coating Co.
  • C. Starck Inc.
  • MesoCoat Inc.
  • Metallisation Ltd.
  • Praxair Surface Technologies
  • Precision Coating, Inc.
  • THERMION Inc.
  • TWI Ltd.

“*” marked represents similar segmentation in other categories in the respective section