Our latest research report entitled Thermal Barrier Coatings Market (by coating material (Al2O3, ceramic YSZ, MCrAlY), product type (metal, ceramic, intermetallic), technology (HVOF, air plasma, vapor deposition), end-users (automotive, aerospace, stationary power plants)) provides complete and deep insights into the market dynamics and growth of thermal barrier coatings.
The latest information on market risks, industry chain structure thermal barrier coatings cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential thermal barrier coatings growth factors. According to the report, the global thermal barrier coatings market is projected to grow at a CAGR of 7.3% over the forecast period of 2019-2025.
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The thermal barrier coating is the high-temperature coatings that are used at the elevated temperature applications. They are majorly manufactured from the low thermal conductivity ceramics provide thermal insulation to metallic components. They are very effective for the gas turbines that are operated at higher gas temperatures. Additionally, they also provide a thermal barrier and flow- and wear-resistance to any metallic surface. The thermal barrier coatings are consisting of four layers including a metal substrate, metallic bond coat, thermally-grown oxide (TGO), and ceramic topcoat. They are majorly used in the automotive, aerospace and power generation sectors
Rapidly growing adaption of thermal barrier coating across various end-use industries is the key factor that drives the growth of the thermal barrier coating market. The demand for advanced heat resistance coating in the automotive, aerospace, and energy sectors is rising rapidly. Thus this is contributing to the growth of the thermal barrier coating market. In the automotive industry, they are specifically designed for exhaust heat management. The technological advancements in the automotive industry and the aggregate rate of automotive production are driving its demand in the automotive sectors.
Furthermore, the benefits offered by the thermal barrier coatings are anticipated to escalate its growth in the automotive and aerospace sectors. On the other hand, high fluctuations in the raw material prices are expected to hamper the growth of the thermal barrier coating market. Moreover, ongoing advancements in the automotive coating technologies are projected to create several growth opportunities in the thermal barrier coating market over the forecast period. The introduction of advanced air plasma and vapor deposition technologies in the coating promotes the growth of the thermal barrier coating market in the near future. In addition, the growing use of eco-power solutions in several manufacturing industries led to the high adoption of thermal barrier coating to these industries in upcoming years.
North America is Held Significant Market Share in the Thermal Barrier Coating Market
Geographically, North America is held significant market share in the thermal barrier coating market followed by Europe. North America is expected to dominate the thermal barrier coating market during the forecast years. The high consumption of thermal barrier coatings and the presence of established automotive and power industries are the fundamental factors the drive the growth of the North America thermal barrier coating market. In addition, Asia Pacific is the fastest-growing region in the thermal barrier coating market. The factors that promote the growth of this market in the Asia Pacific region include the rapidly growing automotive industry, increased spending on the aerospace sectors and the booming power industry.
The report on the global thermal barrier coatings market covers segments such as coating material, product type, technology, and end-users. On the basis of coating material, the sub-markets include Al2O3, ceramic YSZ, MCrAlY, and other coating materials. On the basis of product type, the sub-markets include metal, ceramic, intermetallic, and other products. On the basis of technology, the sub-markets include HVOF, air plasma, and vapor deposition. On the basis of end-users, the sub-markets include automotive, aerospace, and stationary power plants.
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The report provides profiles of the companies in the market such as A&A Company, Cincinnati Thermal Spray, Inc., ASB Industries, Inc., Air Products and Chemicals, Inc., TST Engineered Coating Solutions, Flame Spray Coating Co., Praxair Surface Technologies Inc, Metallisation Ltd, TWI Ltd., Integrated Global Services, and Others.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the thermal barrier coatings.
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.