Growth Prospects of Global Thermal Barrier Coatings Market for 2018-2023 :Latest Research

NEWS :In this report, RRI covers the present scenario (with the base year being 2017) and the growth prospects of global Thermal Barrier Coatings market for 2018-2023.

Thermal barrier coatings (TBC) are highly advanced materials systems usually applied to metallic surfaces, such as on gas turbine or aero-engine parts, operating at elevated temperatures, as a form of exhaust heat management. TBCs are characterised by their very low thermal conductivity, the coating bearing a large temperature gradient when exposed to heat flow. The most commonly applied TBC material is yttria stabilized zirconia (YSZ).

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This resulted in increased demand for aero-engines and turbines, which further resulted in increased demand for the product. This is expected to be a key trend in the industry during the projected years. Growing adopting of the product in defense and marine application is also expected to propel growth within next years
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On the basis of region, North America is the largest market segment of Thermal Barrier Coatings, with a consumption market share nearly 33.21% in 2016, followed by Europe with a consumption market share nearly 31.29% in 2016. Asia is expected to witness the highest growth during the forecast period in the industry, especially China, which has great market potential in the future with a consumption market share nearly 9.57% in 2016.

Thermal Barrier Coatings used in industry including Aerospace, Automotive, Military and Power, etc. Report data showed that 33.84% of the Thermal Barrier Coatings market demand in Aerospace in 2016, which dominated the Thermal Barrier Coatings market.
Over the next five years, RRI projects that Thermal Barrier Coatings will register a 3.8% CAGR in terms of revenue, reach US$ 12900 million by 2023, from US$ 10300 million in 2017.

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This report presents a comprehensive overview, market shares, and growth opportunities of Thermal Barrier Coatings market by product type, application, key manufacturers and key regions.

To calculate the market size,RRI considers value and volume generated from the sales of the following segments:

Segmentation by product type:
Service
Coatings Materials
Segmentation by application:
Aerospace
Automotive
Military
Power
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Praxair Surface Technologies
Oerlikon Group
Bodycote plc
H.C. Starck GmbH
Cincinnati Thermal Spray, Inc.
Precision Coatings, Inc.
A&A Coatings
ASB Industries Inc.
Flame Spray Coating Co.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Thermal Barrier Coatings consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Thermal Barrier Coatings market by identifying its various subsegments.
Focuses on the key global Thermal Barrier Coatings manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Thermal Barrier Coatings with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Thermal Barrier Coatings submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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