Saturday, 10 June 2023 08:31 GMT

Thermal Barrier Coating Market Share, Upcoming Trends, Size, Key Segments, Growth Status And Forecast 2027

(MENAFN- America News Hour) Thermal Barrier Coating Market report delivers a detailed overview of the global Thermal barrier coating (TBC) market in terms of market segmentation by type, application, membrane material, filter design, and by region. Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the market.

Thermal Barrier Coating Market Statistics

  • The thermal barrier coating industry is slated to observe a 7.1% growth rate through 2019-2027

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In a statistics provided by The World Bank, 2.23 (% of GDP) was noted in the year 2016 as expenditure for research and developments throughout the world from that of 1.97 (% of GDP) in 1996.

Industries such as healthcare, energy, aviation, and others have observed substantial growth for research and developments. Technological advances in the development of highly sophisticated engines, for use in aeronautics, marine and automotive among others, have developed the demand for insulating paint and coating materials.

Thermal barrier coating (TBC) is defined as an advanced form of insulating paint and coating material, which are applied to metallic surfaces, with a layered thickness of around 100um to 2mm, to prevent from degrading and sustain prolonged heat loads. The growing need for efficient heat management systems in engines, such as in gas turbines and motor vehicles, for use in aerospace, automotive and stationary power plants; combined with growing investments for research and development, all of these factors are anticipated to support the growth of the thermal barrier coating market.

The thermal barrier coating market is anticipated to record a CAGR of around 7.1% over the forecast period, i.e. 2019-2027. The market is segmented by application into industrial, automotive, aerospace and power plants. Increase in sales and production of vehicles around the globe is anticipated to have largest market share for the automotive segment.
world's motor vehicle production reached 95 Million in 2018 from that of 56 Million in 1999, as per the statistics provided by International Organization of Motor Vehicle Manufacturers (OICA).

Geographically, the thermal barrier coating market is segmented by five major regions into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa region. Growing demand for thermal barrier coating solutions in industries combined with increasing number of power generation projects and demand for vapor deposition technology, in nations such as China and India, is expected to drive the demand for thermal barrier coating materials and generate largest market share in Asia-Pacific.

According to a recent study by Research Nester, the thermal barrier coating market is projected to expand at a CAGR of over 7.1% from 2019 to 2027.

Major players include the global thermal barrier coating market:

  • Inc. (NYSE: APD),
  • TOCALCO Co., Ltd. (TYO: 3433),
  • A&A Thermal Spray Coatings,
  • Praxair S.T. Technology, Inc.,
  • ASB Industries, Inc.,
  • TVARC,
  • Metallisation Ltd.,
  • Metallizing Equipment Co. Pvt. Ltd., T
  • he Fisher Barton Group and
  • CTS.

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However, fluctuations in prices of raw materials used for manufacturing of insulation paints is estimated to act as a barrier to the growth of the market during the forecast period.

This report also studies existing competitive scenario of some of the key players of the thermal barrier coating market, which includes profiling of Air Products and Chemicals, Inc. (NYSE: APD), TOCALCO Co., Ltd. (TYO: 3433), A&A Thermal Spray Coatings, Praxair S.T. Technology, Inc., ASB Industries, Inc., TVARC, Metallisation Ltd., Metallizing Equipment Co. Pvt. Ltd., The Fisher Barton Group and CTS.

The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled
“Thermal Barrier Coating Market – Global Demand Analysis & Opportunity Outlook 2027”
analyses the overall thermal barrier coating industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the thermal barrier coating market in the near future.

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About Research Nester:

Research Nester is a one-stop service provider, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives to make wise decisions for their future investment and expansion by providing them qualitative market insights and strategies while avoiding future uncertainties. We believe in honesty and sheer hard work that we trust is reflected in our work ethics. Our vision is not just limited to gain the trust of our clients but also to be equally respected by our employees and being appreciated by the competitors.


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