Global Thermal Barrier Coatings Market, By Product Type (Metal, Ceramic, Intermetallic, Others), Technology (High-Velocity Oxy-Fuel (HVOF), Vapour Deposition, Air Plasma, Others), Coating Combination (Ceramic YSZ, Aluminum Oxide, MCrAiY, Mullite-Based), Application (Stationary Power Plants, Aerospace, Automotive, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Thermal barrier coatings market size is expected to grow at a compound annual growth rate of 7.43% for the forecast period of 2021 to 2028. Data Bridge Market Research report on thermal barrier coatings market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Thermal barrier coating is largely used to protect the metal structural component from severe elevated temperatures. They resourcefully manage the heat exhaust and usually have four layers metallic bond coat, ceramic top coat, metal substrate and oxide developed thermally. They are also used in the automotive industry to decrease the heat from the exhaust system. Polymers, zirconia, aluminates and resins are used to produce thermal barrier coatings.
The thermal barrier coatings market is rising in demand due to rapidly rising demand for thermal barrier coatings in various applications such as energy, automotive and aerospace. Also, the rapid upsurge in the automobile production on account of growing demand from emerging economies is also highly impacting the growth of the thermal barrier coatings in the forecast period of 2021 to 2028. The rising importance of air cargo delivery along with growing number of air passengers is also anticipated to flourish the demand of the thermal barrier coatings market owing to the above mentioned reasons and is also is projected to grow substantially during the forecast period. Furthermore, the Increasing worldwide power demand, mostly in the emerging economies and the increasing technological innovation are also expected to push the growth of thermal barrier coatings market in the above mentioned forecast period.
The major factor which actively drives the demand of thermal barrier coatings market is the increasing spending in the research and development of new and proficient technologies for product application. Likewise, the increasing demand from emerging economies as well as the constant advancements in the automotive coating technology will further offer various growth opportunities for the growth of thermal barrier coatings market over the forecast period of 2021 to 2028.
However, the price fluctuations as well as volatile raw material prices are also expected to impede the growth of the thermal barrier coatings market in the above mentioned forecast period, whereas the high set up cost have the potential to challenge the growth of the thermal barrier coatings market.
This thermal barrier coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on thermal barrier coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Thermal Barrier Coatings Market Scope and Market Size
Thermal barrier coatings market is segmented on the basis of product type, technology, coating combination, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the thermal barrier coatings market is segmented into metal, ceramic, intermetallic and others.
- On the basis of technology, the thermal barrier coatings market is segmented into High-velocity oxy-fuel (HVOF), vapour deposition, air plasma and others.
- Based on coating combination, the thermal barrier coatings market is segmented into ceramic YSZ, aluminum oxide, mcraiy and mullite-based.
- The application segment for thermal barrier coatings market is segmented into stationary power plants, aerospace, automotive and others.
Thermal Barrier Coatings Market Country Level Analysis
Thermal barrier coatings market is analyzed and market size, volume information is provided by country, product type, technology, coating combination, and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the thermal barrier coatings market because of the increasing product use in stationary power plants within this region. Asia-Pacific is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to rapidly expanding end-use application sectors such as stationary power plants and automotive mainly in China within this particular region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Thermal Barrier Coatings Market Share Analysis
Thermal barrier coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to thermal barrier coatings market.
The major players covered in the thermal barrier coatings market report are A&A Thermal Spray Coatings, Praxair S.T. Technology, Inc., Höganäs AB, ASB Industries, Inc., Zircotec, Flame Spray Coating Company, Integrated Global Services, Inc., Thermion, Metallisation Limited, Metallizing Equipment Co. Pvt. Ltd., Honeywell International Inc., Metallic Bonds, Ltd., Chromalloy Gas Turbine LLC, KOBE STEEL, LTD., DW Pearce Enterprises Ltd., Starshield Technologies Private Limited, TST Engineered Coating Solutions, The Fisher Borton Group, TWI Ltd and CTS, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.