Thermal Barrier Coatings Market 2018 to 2023 | Exclusive Manufacturers - Praxair Surface Technologies, , Metallisation, Flame Spray Coating, Metallizing Equipment, Air Products and Chemicals, Precision Coatings, ASB, CTS , H.C. Starck GmbH and THERMION

Market Segmentation:

The Global Thermal Barrier Coatings Market has been segmented on the basis of Product, Technology and Application. Based on Product, the Thermal Barrier Coatings Market is segmented into metal, ceramic and intermetallic. Among these, the ceramic segment accounts for the major share in the Global Thermal Barrier Coatings Market owing to its increasing use in aviation, aerospace and marine industries to provide thermal resistance and protection from high temperature.

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Based on Technology, the Thermal Barrier Coatings Market is segmented into high-velocity oxygen fuel, electron-beam physical vapor deposition, chemical vapor deposition, and air plasma. Among these, the high-velocity oxygen fuel segment is projected to be the fastest growing segment in the Global Thermal Barrier Coatings Market due to its increased demand as this technology offers strength, wear and corrosion resistance to the equipment.

Based on End-Users, the Thermal Barrier Coatings Market is segmented into stationary power plants, aerospace, automotive, aviation and others. Among these, the stationary power plants segment accounts for the largest share in the Global Thermal Barrier Coatings Market owing to the increased application of Thermal Barrier Coatings in gas turbines operating at very high temperature.

Regional Analysis:

The Global Thermal Barrier Coatings Market is geographically segmented into five major regions such as North America, Asia Pacific, Europe, Latin America and the Middle East and Africa. Among these, the Asia Pacific region accounts for a major share in the Global Thermal Barrier Coatings Market owing to the high demand for Thermal Barrier Coatings in the rapidly developing automotive industry in this region. The North America region is projecting significant growth in the Global Thermal Barrier Coatings Market owing to the increasing demand for Thermal Barrier Coatings in the aerospace, automotive, and construction and building industries.

The vast use of thermal paints and Thermal Barrier Coatings in the stationary power plants, aerospace and automotive industries is fueling the expansion of Thermal Barrier Coatings Market in the Europe region. Whereas, growing consumption of thermal paints in the energy sector and increased demand for thermal insulating materials in aviation and automotive industries are driving the Thermal Barrier Coatings Market in the Latin America and the Middle East and Africa regions.

Competitive Analysis:

In order to sustain the highly competitive environment of the Global Thermal Barrier Coatings Market, the manufacturers are focusing on business expansion through strategic mergers and acquisitions. Increasing investments in research and development for new product launch is aiding the players to gain a competitive edge in the Global Thermal Barrier Coatings Market.

In July 2018, Zircotec, one of the leading players in thermal barrier coatings market, has announced that it has developed colored thermal barrier coating. This colored range of thermal barrier coatings is developed on request of a supercars manufacturing company.

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