Press release
Thermal Barrier Coatings Market - Global Industry Analysis and Forecast | 2024
Read Report Overview @
https://www.transparencymarketresearch.com/thermal-barrier-coatings-market.html
Metallisation Ltd., Praxair Surface Technologies Inc., Metallizing Equipment Co. Pvt. Ltd., ASB Industries, Thermion Inc., H.C. Starck Inc., Metallizing Equipment Co. Pvt. Ltd., The Fisher-Barton Group, and Air Products and Chemicals Inc. are some other leading companies in the thermal barrier coatings market. These companies are formulating new growth strategies in order to sustain competition in the market.
As per estimates of a Transparency Market Research (TMR) report, the global thermal barrier coatings market will inflate at a CAGR of 6.3% between 2017 and 2024. Vis-à-vis revenue, the analyst of the report has projected the demand in the thermal barrier coatings market will translate into opportunities worth US$22,497.0 mn by the end of 2024. The demand in the market translated into a revenue of US$14,643.8 mn in 2017. Depending upon type of product, metal segment currently holds dominance; going forward, the segment is anticipated to remain at the fore. This is because metals are extensively used in thermal barrier coatings as they can withstand extreme temperatures. Depending upon geography, North America held supremacy in the thermal barrier coatings market in recent years. The region, however, is anticipated to lose share as it is a mature market for product development.
Advantages of Enhanced Efficiency finds Adoption in Automobile Engines
Majorly fuelling the thermal barrier coatings market is escalating demand for gas turbines. Gas turbines find extensive application across industries such as energy, transportation, defense, among others that use thermal barrier coatings to reduce intensity of heat generated by turbines. This in turn, helps to increase the output and efficiency of turbines.
At present, the automotive industry in Asia Pacific is expanding at a rapid pace. Manufacturers engaged in developing technological advanced automobiles such as turbocharged ones. Turbocharged vehicles that run on gas emitted by a vehicle’s combustion engine are generally coated with thermal barriers to stand the immense heat generated by the vehicle’s exhaust system. Hence, rising trend of engine downsizing and strict regulations that monitor emissions the automotive thermal barrier coatings market is set to rise in the years ahead. As a rule of thumb, engine components of automobiles are composed of metal and metal alloys that tend to absorb or disperse heat at various stages in the vehicle’s exhaust cycle. However, modifying the temperature of internal and external parts can enhance engine performance thereby leading to higher efficient operation.
Advantages of Increased Longevity finds Adoption in Turbine Blades of Heavy Machinery Industries
Metal and heavy machinery industries generally use high-performance ceramic coatings on jet turbine blades. This helps to protect blades from high temperature gases that are discharged from combustion chambers. These coatings are applied on turbine exhaust cases, compressor blades, valves, turbine blade tips, nozzle guide vanes, and bearings among others.
Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17477
On the downside, factors such as high price volatility of raw material and complexities involved in the manufacture of high-performance coatings are providing headwinds to the growth of thermal barrier coatings market.
The review presented here is based on the findings of a TMR report, titled “Thermal Barrier Coatings Market (Product - Metal, Intermetallic, and Ceramic; Technology – Vapor Deposition, HVOF, and Air Plasma; Coating Materials - Al2O3, Ceramic YSZ, and MCrAlY; Application - Industrial, Automotive, Aerospace, and Energy) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2024.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Thermal Barrier Coatings Market - Global Industry Analysis and Forecast | 2024 here
News-ID: 1078190 • Views: …
More Releases from Transparency Market Research Reports
High Purity Quartz Market - Global Industry Report, 2030
High Purity Quartz Market: Introduction
Albany, NY - The global high purity quartz market was valued at ~US$ 800 Mn in 2019 and is anticipated to expand at a CAGR of ~6% during the forecast period. The global high purity quartz market is driven by increase in demand for high purity quartz in the global semiconductor industry. Asia Pacific accounts for a major share of the global high purity quartz market,…
Smart Remote Control Market: Analysts Expect Robust Growth in 2028
The rise in the use of technology across the globe has hit the shore of remote controls too. On the back of technological advancements, the smart remote control market may gain considerable momentum across the forecast period of 2019 -2028. The shift in consumer preference from cost-effectiveness to convenience is serving as a prominent growth factor for the smart remote control market. Based on technology type, the smart remote control…
HYDROGEN SULFIDE SCAVENGERS MARKET TO REACH A VALUE OF ~US$ 655 MN BY 2027: TRAN …
Hydrogen Sulfide Scavengers Market: Key Highlights
The global hydrogen sulfide scavengers market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Increase in crude oil production enhances oilfield operations such as drilling, cementing, production, workover and completion, and well stimulation. This drives the demand for production chemicals such as hydrogen sulfide scavengers.
The demand for crude oil is increasing…
METAL-ORGANIC FRAMEWORK MARKET TO REACH A VALUATION OF ~US$ 24 MN BY 2027: TRANS …
Metal-organic Framework Market: Introduction
In terms of value, the global metal-organic framework market is anticipated to expand at a CAGR of ~11% from 2019 to 2027
Metal-organic framework is a class of porous materials constructed from metal-rich inorganic nodes bonded with organic linkers. The structure provides high density of three-dimensional porous cores with a large surface area, uniform cross-linkages, and tunable porosity. Metal-organic framework possesses excellent absorption rate for hydrogen, water, carbon…
More Releases for TMR
Cancer Diagnostics Market Reviews 2031 | TMR Study
According to a Transparency Market Research (TMR) research report, the global cancer diagnostics Market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 335.7 Bn by the end of 2031.
The study on the cancer diagnostics Market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The authors have…
LED Work Light Market 2029 | TMR Research
LED Work Light Market: Overview
The LED work light market may gain good momentum in terms of growth across the forecast period of 2019-2029 due to the growing demand from residential segments and the overwhelming benefits it provides. These high-intensity light fixtures are mainly used by technicians to assist them in their work temporarily. The use of LED work lights is increasing among many end-users due to benefits like longevity, durability,…
Dissolved Gas Analyzer Market 2025 | TMR Research
Global Dissolved Gas Analyzer Market: Overview
The high electrical and thermal stress leads to decomposition of mineral oils used inside a power transformer. This in turn leads to generation of hydrogen (H2), carbon di-oxide (CO2), carbon mono-oxide (CO), methane (CH4), ethylene (C2H4), and acetylene (C2H2) among others. The formation of these gases depends upon the faults in the transformer.
To evaluate the nature of the gases and their potential threats, dissolved gas…
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future.
Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200
Among regions, North America,…
Hyperloop Train Market 2025 | TMR Research
Global Hyperloop Train Market: Snapshot
The global market for hyperloop train is likely to exhibit high-speed expansion in the next few years. The demand for cheap and quick modes of transport that incur low base-costs and are built on easier-to-construct infrastructure, are immune to natural calamities such as earthquakes are the key factors expected to work in favor of the global hyperloop train market.
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2000
The…
Crowdsourced Security Market 2018 - 2028 | TMR Research
Crowdsourced Security Market: Overview
The global crowdsourced security market is expected develop at a healthy pace in the coming years of the forecast period of 2018 to 2028. The mobile phone application segment of the crowdsourced security market is expected to develop at a rapid pace in these coming years. The rate of adoption of these mobile application is growing at a great pace and is thus helping the market to…
