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Global Thermal Barrier Coatings Market Report added at Market Study Report offers industry size, share, growth, trends and forecast analysis up to 2027. Thermal Barrier Coatings Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Thermal Barrier Coatings market and provides information regarding the revenue for the period 2021 to 2027.
Global Thermal Barrier Coatings Market Size had reached a valuation of USD 15.49 billion in the year 2020 and is likely to record a CAGR of 4.8% during 2021-2027, subsequently accounting for USD 21.5 billion by 2027.
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Thermal Barrier Coatings are used as insulating components such as gas turbines, aeroengine parts etc. These are used in stationary power plants and aerospace etc. The increasing vapor deposition technologies have led to the adoption of Thermal Barrier Coatings across the forecast period.
For Instance: according to dsiac.org in 2020, the demand for thermal barrier coatings is increasing significantly due to rise in operating temperature in addition to advanced engine systems which requires new thermal protection coatings. Rising application for gas turbines in stationary power plants anticipating the growth of thermal barrier coatings market. Also, with the increasing expanding applications of thermal barrier coatings for automobiles, the adoption & demand for Thermal Barrier Coatings is likely to increase the market growth during the forecast period. However, fluctuating prices of raw materials impedes the growth of the market over the forecast period of 2021-2027.
Major Thermal Barrier Coatings market players included in this report are:
- Praxair Surface Technologies
- Metallisation Ltd.
- Flame Spray Coating Co.
- Precision Coating, Inc.
- MesoCoat Inc.
- Cincinnati Thermal Spray, Inc.
- ASB Industries Inc.
- Thermion
- A&A Company
- TWI Ltd.
The geographical regions considered for the global Thermal Barrier Coatings market analysis includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is deemed as the significant region across the globe in terms of huge market share due to the increasing demand from various applications such as aerospace, automotive, stationary power plants etc. Whereas, North America is also estimated to attain a maximum growth rate during 2021-2027. Factors such as availability of skilled labor, high disposable income and strong economy of countries would create beneficial growth forecasts for the Thermal Barrier Coatings market across North America region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product:
- Metal
- Ceramic
- Intermetallic
- Others
By Application:
- Stationary Power Plants
- Aerospace
- Automotive
- Others
By Technology:
- Electron-Beam Physical Vapor Deposition
- High-Velocity Oxy-Fuel
- Chemical Vapor Deposition
- Air Plasma
- Others
By Combination:
- Ceramic YSZ
- Al2O3
- MCrAiY
- Mullite-based
- Others
Global Thermal Barrier Coatings Market: regional analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Thermal Barrier Coatings market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Furthermore, years considered for the study are as follows:
- Historical year – 2018, 2019
- Base year – 2020
- Forecast period – 2021 to 2027
Frequently Asked Questions
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What will be the CAGR of the Thermal Barrier Coatings market during the forecast period?
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What key trends are likely to emerge in the Thermal Barrier Coatings market in the coming years?
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