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Thermal Barrier Coatings Market Report 2020-2030

Thermal Barrier Coatings Market Report 2020-2030: A Global Thermal Barrier Coatings Market Estimate and Forecast – Industry Insights for Consumption, Demand, Production, Price Trend, Competitive Intelligence and Opportunity Analysis Along the Value Chain

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PRODUCT CODE: CHE0151
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The global thermal barrier coatings market was valued at $16.0 billion in 2018. The growth of the market is owing to the extensive demand for new product and power necessities in gas turbines installed in stationery power plants. Thermal barrier coatings provide several efficient properties such as thermal barrier, high-temperature operating and resistance from flow and deliver extensive application in hot section constituents of gas turbines. There are several technological advancements being implemented in thermal barrier coatings have further stimulated the creation of air plasma technologies and vapour deposition.

The requirement of I.C. engines and gas turbines to attain higher efficiency of the high temperature engineering components is thus bolstering the growth of global thermal barrier coatings market. These coatings are thus enabling the gas turbine systems to efficiently perform operations in turbine entry temperature that further helps in reducing the load of cooling and further enhancing the efficiency of turbine along with extending the life span of blade that helps the turbines to work at low temperatures. However, price fluctuations due to volatility observed in raw material prices is thereby hindering the growth of global thermal barrier coatings market.

Extensive growth of automotive industry in developing economies is the key factor pertaining towards the growth of global thermal barrier coatings market as there are various coating techniques that is being utilised in automotive domain rapidly. Technological advancements being implemented in the automotive domain is thus enhancing the need for advanced coating technologies that is further fuelling the growth of global thermal barrier coatings market. Various applications of thermal barrier coatings in automotive domain involve use of diffusion coating processes, magnetron sputtering coatings, spray processes, physical vapour deposition and electric arc.

Thermal barrier coatings market forecast 2020 – 2030 estimates the historical market size in terms of consumption as well as revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the thermal barrier coatings manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. Aerospace, automotive, stationary power plants, and other industry players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.

The reports provide the analysis based on product, technology, coatings combination, and application segment. On the basis of product, the global thermal barrier coatings market is segmented into intermetallic, metal, ceramic, and others. Amongst these segments, ceramic coatings product is contributing largest market revenue throughout the estimated period due to its properties such as effective thermal resistance and multi-layered protection under high temperature employment. Moreover, extensive requisite for heat resistance and superior quality in the aerospace and automotive domain is anticipated to further bolster the growth of global thermal barrier coatings market.

Based on technology, the global thermal barrier coatings market is categorised into high velocity oxy-fuel, electron-beam physical vapor deposition, air plasma, chemical vapor deposition, and others. Amongst these segments, air plasma and electron-beam physical vapor deposition are anticipated to generate largest revenue by 2030 owing to increasing expenditure incurred towards research and development activities in these technologies by emerging economies at rapid pace.

On the basis of coatings combination, the global thermal barrier coatings market is segmented into Al2O3, ceramic YSZ, mullite-based, MCrAiY, and others. Amongst these segments, ceramic YSZ is anticipated to generate largest revenue by 2030 owing to it efficient thermal longevity and resistance properties. Moreover, increasing acceptance of these combinations in gas turbines of aero-engines, automotive component parts and gas turbine of stationary power plants is anticipated to attribute towards the growth of ceramic YSZ segment and thereby uplifting the growth of global thermal barrier coatings market at rapid pace.
On the basis of application, the global thermal barrier coatings market is categorised into aerospace, automotive, stationary power plants, and others. Amongst these segments, a stationary power plant is estimated to generate largest market revenue by 2024 owing to extensive requisite for gas turbines to tolerate and function in high temperatures. Additionally, evolving lifestyles, increasing population and rapid urbanization are further accentuating the growth of this segment that is further strengthening the growth of global thermal barrier coatings market.

Thermal barrier coatings market in Asia-Pacific is expected to generate highest CAGR during the forecast period owing to increasing demand for thermal barrier coatings from several end-user industries such as automotive and stationary power plants in the developing countries. Furthermore, extensive acceptance for vapor installation technique and progression of large numbers of power generation projects in countries such as China and India is thus driving the growth of thermal barrier coatings market in this region.

The report also offers the insights for the North American, European, Latin American, and Middle East and African Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided.

The eminent key players in the global thermal barrier coatings market are undertaking product innovations and technological upgradations that are enabling the manufacturers to gain competitive advantage across the globe.

Some of the players having prominent presence in the global thermal barrier coatings market include Metallisation Ltd., Metallizing Equipment Co. Pvt Ltd, Flame Spray Coating Co., TST Engineered Coating Solutions, Praxair Surface Technologies, Thermion, The Fisher Barton Group, A&A Thermal Spray Coatings, Air Products & Chemicals, MesoCoat Inc., Integrated Global Services, TWI Ltd, ASB Industries Inc., HC Starck Inc., Precision Coating Inc., and Cincinnati Thermal Spray Inc.

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