Thermal Barrier Coatings Market

Thermal Barrier Coatings Market - Trends and
Forecast till 2025
Thermal Barrier Coatings (TBCs) insulate components in machinery such as gas
turbines, ducting and nozzle guide vanes, aerospace parts, and other metallic
surfaces that operate at relatively high temperatures. Along with efficiency at high
temperature, TBCs facilitate low thermal conductivity and thermal shock, and high
thermal expansion in gas turbines. Such factors are expected to increase demand
for TBCs in large engine operations. Moreover, application of gas turbines in the
expanding aerospace industry is expected to boost demand for TBCs. For instance,
in 2016, Boeing and Airbus manufactured a combined 1,436 jets. Furthermore,
increasing demand for TBCs for automotive application such as coatings for internal
combustion engines and gas turbines contributes to significant growth of the market.
Request For Sample Copy of this Research Report :
https://www.coherentmarketinsights.com/insight/request-sample/1012
The thermal barrier coatings market is classified on the basis of product type such as
metal, ceramics, intermetallic, and others. Ceramic segment accounts for the largest
revenue share in the market, owing to high thermal resistance charteristics of
ceramic TBCs. Thermal barrier coating market is also classified on the basis of
coating materials such as Al2O3, ceramic YSZ (yttria-stabilized zirconia), MCrAlY,
and others. Al2O3 segment is expected to account for the largest market share, over
the forecast period owing to low thermal conductivity and high thermal stability of
Al2O3 coatings. Moreover, alumina provides chemical inertness and strong
hardness, which is essential in manufacturing components.
TBCs market is further segmented on the basis of technology as HVOF (high
velocity oxy-fuel), vapor deposition, and air plasma technology. HVOF technology
segment accounts for the highest revenue share as the technology enables the use
of various coating materials such as ceramics, metals, and other alloys to provide
coatings. The coating applied through HVOF technology offers high corrosion
resistance and high adherence properties and fine-as-sprayed surface finishes, and
low oxide levels. This market is segmented on the basis of application such as
automotive, industrial, energy, and aerospace.
North America is the most dominant region in the global thermal barrier market and
was valued at US$ 3.65 billion in 2016. Growth of the market in North America is
driven by growing technological advancement such as reduction of in-cylinder heat,
thermal fatigue protection of metal surface and reduction of emissions, increasing
demand for gas turbine, and lead the market in thermal barrier coatings application.
These coatings aid in operating at higher temperatures leading to increased
efficiency, and reduce CO2 emissions.
Asia Pacific is the second largest region in terms of market share in the global
thermal barrier coatings market. This is attributed to increasing demand for global
power and cleaner solutions and growth of industrial and automotive sectors in the
region. The auto-components industry in India is expected to register a turnover of
US$ 100 Billion by 2020. Countries such as India and China are expected to
contribute significantly to growth of the market owing to increasing number of power
generation projects and demand for vapor deposition technology. Europe market is
expected to show a significant growth owing to growth in energy and aerospace
sectors in the recent past.
The thermal barrier coatings market was valued at US$ 12.86 Billion in 2016 and is
expected to expand at a CAGR of 6.70%, in terms of revenue, over the forecast
period (2017-2025).
Ceramics segment accounted for 33.5% market share, in 2016, in global thermal
barrier coatings market. This is attributed to its high temperature applications in
various end-use industries such as automobile, power generation and aerospace.
High cost of manufacturing techniques of thermal barrier coatings, is expected to
adversely affect growth.
Major Players in the Global Thermal Barrier Coatings Market:
Some of the players in this market include Metallisation Ltd., Praxair Surface
Technologies, A&A Thermal Spray Coatings, H.C. Starck Inc., THERMION Inc., Air
Products and Chemicals, Inc., Flame Spray Coating Co., ASB Industries, Inc., The
Fisher Barton Group, and Metallizing Equipment Co. Pvt. Ltd.
For More Information: https://tinyurl.com/yxwxcz5u
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: sales@coherentmarketinsights.com

The thermal barrier coatings market was valued at US$ 12.86 Billion in 2016 and is expected to expand at a CAGR of 6.70%, in terms of revenue, over the forecast period (2017-2025). North America is the most dominant region in the global thermal barrier market and was valued at US$ 3.65 billion in 2016.

Download Report