Which region or country driving the demand of Thermal Barrier Coatings Market?

Posted on 2022-08-08 by researchinsights in Chemicals // 0 Comments

San Francisco, California , USA, Aug 08, 2022 — /EPR Network/ —

Thermal Barrier Coatings Industry Overview

The global thermal barrier coatings market size was estimated at USD 15.49 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.8% over the forecast period.

Rapidly increasing demand for Thermal Barrier Coatings (TBC) in various applications, such as automotive, energy, and aerospace, is expected to be the key market driver. A rapid upsurge in global automobile production on account of increasing demand from emerging economies is likely to propel the product demand during the forecast period. In addition, technological developments in the automotive sector have resulted in a growing requirement for advanced coating technologies, thereby fueling market growth. Thermal barrier coatings are manufactured using epoxy resins, polymers, aluminates, and zirconia.

Gather more insights about the market drivers, restrains and growth of the Global Thermal Barrier Coatings market

Industry participants are engaged in extensive R&D for the development of efficient application technologies and products, while also taking several measures to increase production to fulfill the growing demand. On the other hand, volatile prices of raw materials may hinder industry growth.

Thermal barrier coatings are witnessing high demand from the automotive industry. In automotive application, TBC helps reduce heat loss from engine exhaust system components, including exhaust manifolds, turbocharger casings, exhaust headers, downpipes, and tailpipes. A gradual increase in Electric Vehicles (EVs) on roads is expected to positively propel the growth of the automotive industry. This, in turn, is further projected to create demand for TBCs during the forecast period.

However, the COVID-19 outbreak immensely affected the production of automobiles and disrupted the value chain of the automotive industry in 2020. A slowdown or halt in manufacturing activities and declining demand from consumers hampered the automotive industry in 2020. However, with the recommencing of industrial operations, the demand for TBCs in applications such as automotive, aerospace, power plants, and others is expected to positively influence the market growth in the coming years.

Browse through Grand View Research’s Paints, Coatings & Printing Inks Industry Research Reports.

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Thermal Barrier Coatings Market Segmentation

Grand View Research has segmented the global thermal barrier coatings market on the basis of product, application, technology, combination, and region:

TBC Product Outlook (Revenue, USD Million, 2017 – 2028)
- Metals
- Ceramics
- Intermetallics
- Others
TBC Application Outlook (Revenue, USD Million, 2017 – 2028)
- Stationary Power Plants
- Aerospace
- Automotive
- Others
TBC Technology Outlook (Revenue, USD Million, 2017 – 2028)
- EBPVD
- HVOF
- Chemical Vapor Deposition
- Air Plasma
- Others
TBC Combination Outlook (Revenue, USD Million, 2017 – 2028)
- Ceramic YSZ
- Al2O3
- MCrAiY
- Mullite-based
- Others
TBC Regional Outlook (Revenue, USD Million, 2017 – 2028)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa

Key Companies profiled:

Some prominent players in the global Thermal Barrier Coatings market include

Praxair Surface Technologies, Inc.
Metallisation Ltd.
Flame Spray Coating Co.
Precision Coating, Inc.
MesoCoat Inc.
Cincinnati Thermal Spray, Inc.
ASB Industries Inc.
Thermion
A&A Company
TWI Ltd.

Order a free sample PDF of the Thermal Barrier Coatings Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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