Global Thermal Barrier Coatings Market to Surpass US$ 22.79 Million by 2025

Published On : Nov 07, 2017

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.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/thermal-barrier-coatings-market-1012

Browse 772 pages, 400 market data tables* and 110 figures* on "Thermal Barrier Coatings Market” - Global forecast to 2025.

Key Trends and Analysis of the Thermal Barrier Coatings Market:

  • Among product type, the ceramic segment accounted for a dominant position in 2016 followed by metals and is expected to continue to lead the market over the forecast period. Ceramic coatings are commonly used in automobile applications and are specially designed to reduce heat loss and friction from engine exhaust system components. Intake manifolds, piston skirts, pistons, and cylinder heads are applications of ceramic coatings in the automotive industry.
  • Among coating materials, the Al2O3 system segment accounted for the highest market share in 2016. The combination of alumina with YSZ offers corrosion resistance and oxidation along with strength and hardness without change in material toughness. Increasing demand for Al2O3 in applications for multilayer coating function is projected to bolster growth of the thermal barrier coatings market over the forecast period. High velocity oxy-fuel (HVOF) segment is expected to account for the largest revenue share over the forecast period in global thermal barrier coatings technology market as this technique enables the use of coating materials such as ceramics, metals, and alloys to improve wear resistance and corrosion protection.

Key Takeaways of the Market:

  • According to Coherent Market Insights study, North America accounted for the highest share of 28.40%, in terms of revenue, in global thermal barrier coatings market in 2016. The dominance of North America can be attributed to adoption of advanced thermal barrier coatings techniques. For instance, a simple and low cost manufacturing slurry spray technique was developed to coat curved or large areas.
  • Asia Pacific accounted for the second largest share in thermal barrier coatings market. Growth of the market is driven by increasing use of TBCs in end-use industries such as power generation and automobile. According to India Brand Equity Foundation (IBEF), the production of automobiles has increased at a CAGR of 9.07% in 2017. Also, India has the fifth largest power production capacity, targeting a total of 100 GW of power capacity addition by 2022, as per IBEF.
  • Europe is expected to show a significant growth in global thermal barrier coatings market owing to growth in the aerospace industry. According to Aerospace and Defence Industries Association of Europe, the European aerospace and defense industries achieved a turnover of US$ 257.95 billion showing an increase of 11% owing to the increasing aeronautics sector.
  • The key players in the market include Metallisation Ltd., Praxair Surface Technologies, A&A Thermal Spray Coatings, H.C. Starck Inc., THERMION Inc., Air Products and Chemicals, ASB Industries, Inc., The Fisher Barton Group, Flame Spray Coating Co. and Metallizing Equipment Co. Pvt. Ltd.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave, 
#3200 
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

Coherent Market Insights Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.