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Thermal Barrier Coatings Market Set for Continued Growth by 2024

Author : Rahul Varpe | Published Date : 2019-03-28 

By product, thermal barrier coatings market is segmented into metal coatings, ceramic coatings, intermetallic coatings, and others. Due to multi-layered protection and superior thermal resistance, ceramic coating products accounted for a substantial share of the global thermal barrier coatings market and will likely witness further growth in the future.

By technology, thermal barrier coatings market is categorized into air plasma spray, electron-beam physical vapor deposition, chemical vapor deposition, high velocity oxy-fuel and others. Among these, air plasma spray and electron beam physical vapour deposition technologies has a healthy growth potential in the coming years owing to the increased R&D spending in these technologies by companies in the value chain.

By coatings combination, thermal barrier coatings market is segmented as Yttria-stabilized zirconia (YSZ), mullite based, alumina based and others. YSZ provides excellent performance in diesel engines and gas turbines. Mullite based coatings are oxidation and corrosion resistant and provide high thermal stability and low thermal conductivity. Alumina provides high hardness and chemical inertness and are commonly used as an addition to YSZ and this combination coating is expected to have a healthy growth in the future owing to its superior properties.

To access the table of contents or view the Thermal Barrier Coatings Market report in detail, please click the link below: https://www.gminsights.com/request-toc/upcoming/1314

Global Thermal Barrier Coatings Market size is expected to witness a significant growth from 2016 to 2024. Increasing use of vapour deposition and air plasma technologies for coating applications and growing demand for gas turbine applications in various industries will drive the market in the coming years.

Thermal barrier coatings market has three most significant end user industries viz. aerospace, automotive and stationery power plants. Automotive and aerospace industries account for a significant share of the overall thermal barrier coatings market and this trend is expected to continue in the future. The products use in stationery power plants will also grow at a steady pace during this time.

North American thermal barrier coatings market will grow at a significant rate in the forecast years mostly due to the product use in stationary power plants. Asia Pacific is also likely to observe healthy growth due to the widespread presence of end user industries such as automotive and stationary power plants.

China will account for a significant share of the regional market due to the booming automotive industry in the country and increased defence spending in aviation and marine sectors. Latin American thermal barrier coatings market will also witness steady growth owing to the presence of emerging economies in the region while Europe is likely to experience moderate growth because of market stability in the demand for power plants.

Key thermal barrier coatings market players are Praxair Surface Technologies, ASB Industries Inc, TST Engineered Coating Solutions, H.C. Starck Inc, Metallisation Ltd, Air Products & Chemicals, Precision Coatings, and TWI Ltd.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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