Thermal Barrier Coatings Market – Segmented by Coating Material, Application, and Geography (2018 to 2023)

The recent study titled, “Thermal Barrier Coatings Market - Forecasts from 2018 to 2023” covers an in-depth analysis of the market on the basis of coating material, application and geography. The report also covers the country level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2018-2023.

The report has segmented the Thermal Barrier Coatings market by coating material (aluminum oxide, ceramic ysz), application (automotive, aerospace, power plants) and geography (North America, South America, Europe, Middle East, and Africa, Asia Pacific). Thermal barrier coatings are advanced materials that are applied to metallic surfaces as a form of exhaust heat management. Expansion of the automobile industry and increasing demand for the gas turbine is expected to be the prime driver for the growth of the market during the forecast period. In addition, advancement in coating technologies coupled with increasing investment in the aerospace industry is further expected to propel the market growth opportunities in the coming future. However, the high price volatility of raw material is anticipated to hinder the growth of the market during the forecast period.

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By application, the automotive segment is showing an impressive year-on-year increase, and this trend is expected to continue over our forecast period.
By application, the automotive segment is estimated to account significant market share and is expected to grow rapidly during the forecast period on account of increasing automotive production around the globe and rising adoption of thermal barrier coating in the industry. In addition, increasing demand for heat coating resistance in automotive parts is further anticipated to boost the market in the coming years.

Asia Pacific is expected to account for a significant share in the market.
Asia Pacific thermal barrier coatings market is estimated to have a significant share in terms of both value and volume in the global market, and the region is further anticipated to grow during the forecast period on account of rapid industrialization and increasing expanding end-user application sectors in the region. In addition, the growing automotive industry in the region coupled with increasing investment in the power and energy sector by both public and private players is further expected to propel the market growth opportunities in the region.

Some of the major industry players profiled as part of the report are A&A Company, H.C. Starck Inc., Metallizing Equipment Co. Pvt. Ltd., Precision Coating, Inc., Praxair Surface Technologies, TWI Ltd Metallisation Ltd. and ASB Industries Inc. among others.

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