Thermal Barrier Coatings Market Size to Reach USD 22.79 Million by 2025 with Leading Key Players - A&A Thermal Spray Coatings, Praxair, Inc., H.C. Starck GmBH, ASB Industries, Inc., Air Products and Chemicals, Inc. Flame Spray Coating Co., THERMION, Metal

Thermal Barrier Coatings Market Size and Growth Rate:

According to the Research Report, the Global Thermal Barrier Coatings Market was valued at US$ 12.86 million in 2016 and is expected to reach US$ 22.79 million by 2025, registering a CAGR of 6.7% over the forecast period.

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Thermal Barrier Coatings Market Overview:

Thermal barrier coatings are applied to surfaces that operate at high temperatures, such as combustion chambers and gas turbines. These coatings help protect components from wear, erosion and corrosion, and improve the energy efficiency and life of the components. These coatings provide thermal insulation and adhere to the surface of the components, preventing corrosion and oxidation.

Thermal Barrier Coatings Market Growth Drivers and restraints:

The global market for thermal barrier coatings is expected to grow at a steady pace due to their growing demand from the automotive and aerospace industries. Factors such as the increased demand for gas turbines and the increase in vapor deposition technologies increase the need for thermal barrier coatings. Low heat rejection engines used in the automotive industry require thermal barrier coatings as these coatings allow the engine to run more efficiently. The use of thermal barrier coatings as insulators in piston cylinders increases the fuel efficiency of a motor vehicle. The thermal barrier coating provides insulation in low heat rejection motors. However, the increase in the prices of raw materials is limiting the market expansion.
It is likely that technological advances and the introduction of innovative and new products create opportunities in the market for thermal barrier coatings during the forecast period. It is expected that the use of these coatings in the ceramics and electronics industries will stimulate the market boom.

Geographical segmentation of the Thermal Barrier Coatings Market:
At the regional level, the global market for thermal barrier coatings has been divided between North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America and Europe are key regions of the world market. In terms of consumption, the Asia-Pacific region has a significant part of the market for these coatings. The strong demand for these coatings in the automotive sector is also driving the market in the region. The market in India and China is expected to grow rapidly during the forecast period as a result of increased industrialization and growth in the automotive and aerospace industries in these countries. The expansion of the MEA market can be attributed to the strong demand for these coatings and the high availability of fuel for different industries.

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Key Players of the Thermal Barrier Coatings Market:
Key players operating in the global thermal barrier coatings market include A&A Thermal Spray Coatings, Praxair, Inc., H.C. Starck GmBH, ASB Industries, Inc., Air Products and Chemicals, Inc. Flame Spray Coating Co., THERMION, Metallisation Ltd., Metallizing Equipment Co. Pvt. Ltd., and The Fisher Barton Group.

Thermal Barrier Coatings Market Key Segmentation:

By Product Type:

• Metal
• Ceramic
• Intermetallic
• Others

By Coating Material:

• Al2O3
• Ceramic YSZ
• MCrAlY
• Others

By Technology:

• HVOF( High Velocity Oxy Fuel)
• Vapor Deposition
• Air Plasma

By Application:

• Automotive
• Industrial
• Energy
• Aerospace

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