Thermal Barrier Coatings Market Overview to 2023
Thermal Barrier Coatings belongs to a class of coverings which are applied on the metallic surface to offer excellent flexibility, heat stability, and chemical resistance to the finished material. Moreover, they also provide versatility, reliability and durable nature to the product. The ceramics segment is the most widely used type in the market due to its growing consumption in heavy end-use industries such as automotive, aerospace, aviation, industrial, and others. Moreover, durability, wear resistance and phase stability are the major factors behind the popularity of this segment. The increasing use of ceramic type, yttria-stabilized zirconia in major industries is estimated to drive the market during the assessment period. The Global Thermal Barrier Coatings Market has been driven by the range of its application in various sectors such as stationary power plants, automotive, aerospace, aviation, and others. Moreover, it is estimated that the automotive segment is set to witness the highest growth in the market due to the growing consumption of heat resistant materials in the sector over the forecast period.
Key Players:
Some of the prominent players operating in the Global Thermal Barrier Coatings Market are Praxair Surface Technologies, Inc (U.S.), Metallisation Ltd (U.K), Flame Spray Coating Co. (U.S.), Metallizing Equipment Co. Pvt. Ltd. (India), Air Products and Chemicals, Inc. (U.S.), Precision Coatings, Inc (U.S.), ASB Industries, Inc. (U.S.), CTS (U.S.), H.C. Starck GmbH (U.S.), and THERMION (U.S.A), among others.
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Intended Audience
- Thermal Barrier Coatings Manufacturers
- Traders and Distributors of Thermal Barrier Coatings
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
Market Segmentation:
The Global Thermal Barrier Coatings Market is segregated into the product, technology and application. On the basis of the product, the market is further categorized into metal, ceramic, intermetallic segments. On the basis of technology, the market is segmented into high velocity oxygen fuel, electron-beam physical vapor deposition, chemical vapor deposition, air plasma. On the basis of application, the market is classified into stationary power plants, automotive, aerospace, aviation, and others.
Market Scenario:
The ceramics segment is the most widely used type in the market due to its growing consumption in heavy end-use industries such as automotive, aerospace, aviation, industrial, and others. Moreover, durability, wear resistance and phase stability are the major factors behind the popularity of this segment. The increasing use of ceramic type, yttria-stabilized zirconia in major industries is estimated to drive the market during the assessment period.
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Segmental Analysis:
The Global Thermal Barrier Coatings Market is segmented into product, technology and application. On the basis of product, the market is further categorized into metal, ceramic, intermetallic. Among these, the ceramic segment holds a majority of the market share due to its extraordinary features offered by the product such as antioxidant, wear and corrosion resistance. Due to these factors, yttria – stabilized zirconia is the most popular ceramic type in the end-use industries. The market by technology is further categorized into high velocity oxygen fuel, electron-beam physical vapor deposition, chemical vapor deposition, air plasma segments.
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