The global thermal barrier coatings market was valued at US$ 12.86 million in 2016 and is expected to reach US$ 22.79 million by 2025, registering a CAGR of 6.7% over the forecast period, according to the Thermal Barrier Coatings Market, by Product Type (Metal, Ceramics, Intermetallic and others), by Coating Material (AL2O3, Ceramic YSZ, MCrAlY and others), by Technology (HVOF, Vapor Deposition and Air Plasma), by Application (Automotive, Industrial, Energy and Aerospace) published by Coherent Market Insights. Technological advancement coupled with R&D investment for introduction of new products is projected to aid in growth of the market. In 2014, Flame Control Coatings launched Flame Control 60-60A thermal barrier coating for spray polyurethane foam and is approved for use in occupied spaces. Increasing demand for gas turbines in aircraft, industrial and power generation applications is expected to drive growth of the thermal coating barrier market.
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