Press release
Global Thermal Barrier Coatings Market - Insights, Industry Player (Praxair Inc., H.C. Starck GmBH, ASB Industries Inc.), Key County Analysis (North America, United States, Europe, China, Japan, India), Analysis and Forecast till 2018-2026
MRRSE
Thermal barrier coatings are applied to the surfaces than operate at high temperatures, such as combustor and gas turbines. These coatings helps protect the components from wear, erosion, and corrosion, and improve energy efficiency and life of the components. A coating layer is 100 μm to 2 mm is applied to protect the component. The layer also insulates the component from prolonged heat loads. Thermal barrier coatings allow the working fluid temperatures to operate at higher temperature than the melting point of the metal. These coatings provide thermal insulation and adhere to the surface of the components. This prevents heat corrosion and oxidation.
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We conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players operating in various end-use industries, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. These have proven to be a reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
The global thermal barrier coatings market is anticipated to expand at a significant pace. Expansion of the market is attributed to the increase the demand for these coatings from automotive and aerospace industries. The thermal barrier coatings market was valued at about US$ 15 Bn in 2017 and is projected to expand at a CAGR of 6.6% during the forecast period. Factors such as rise in demand for gas turbine and the increase in the vapor deposition technologies are boosting the requirement for thermal barrier coatings. Surge in demand for thermal barrier coatings from the automotive industry is a major driver of the market. Low heat rejection engines used in automotive require thermal barrier coatings. These coatings allow the engine to function more efficiently. Use of thermal barrier coatings as an insulation in piston cylinders increases fuel efficiency of an automotive. Thermal barrier coating provides insulation in low heat rejection engines. However, rise in prices of raw materials is restraining the ceramic coatings segment of the thermal barrier coatings market. Technological advancements and introduction of innovative and new products are likely to create opportunity in the thermal barrier coatings market during the forecast period.
Major players engage in acquisitions and merges to develop and launch new products and establish new facilities. These strategies are likely to propel the thermal barrier coatings market during the forecast period. Praxair Surface Technologies, Inc. acquired packaged gas businesses in North and South America and obtained controlling interest of an equity investment in Asia, which amounted to US$ 82Mn in 2015. The company had acquisition totaling US$ 206 Mn in 2014. Thermal Spraying Technologies developed thermal sprayed coating solutions for some of the leading global manufacturers and expanded its facility in Sun Prairie, Wisconsin, the U.S. in 2014. Expansion of facilities helped the company increase workforce, thus allowing it to cater to the increasing demand for thermal barrier coatings from consumers.
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Global Thermal Barrier Coatings Market, by Product
Metal
Intermetallic
Ceramic
Others
Global Thermal Barrier Coatings Market, by Technology
Vapor Deposition
HVOF
Air Plasma
Global Thermal Barrier Coatings Market: by Coating Material
Aluminum Oxide
Ceramic YSZ
MCrAlY
Others
Global Thermal Barrier Coatings Market, by Application
Industrial
Automotive
Aerospace
Power Plants
Global Thermal barrier coatings, by Region
North America
U.S.
Canada
Europe
U.K.
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
South Africa
GCC
Rest of Middle East & Africa
Key Takeaways
An extensive analysis of the thermal barrier coatings market trends and shares from 2018 to 2026 to identify market opportunities and analyze industry developments
A list of key developments in the thermal barrier coatings market made by key players
A list of key factors responsible for building the upcoming opportunistic roadmap for the thermal barrier coatings market at a global, regional, and country level
Comprehensive analysis with respect to investments and price trends that impact the outlook of the global thermal barrier coatings market between 2018 and 2026
The report provides insights into market opportunities for various stakeholders in the value chain and a detailed competition landscape for key players dominating the industry to understand competition level
Porters’ Five Forces highlight the potency of buyers and suppliers and enable stakeholders to make profit-oriented business decisions. They analyze the strengths and weaknesses to gain strategic position in the market.
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