Synopsis of Thermal Barrier Coatings Market:
Thermal Barrier Coatings are used to protect material surface from heat loss at elevated temperatures. They are manufactured by various raw materials such as polymers, epoxy resins, aluminates, and others. They offer good corrosion resistance and impart phase stability between room and elevated temperatures. These coatings are applied to increase the durability and performance of the equipment. Owing to these factors, they are used in various applications such as stationary power plants, automotive, aerospace, aviation, and others.
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As per our Analysis, the Global Thermal Barrier Coatings Market is bifurcated into the product, technology and applications. The market by product is further divided into metal, ceramic, intermetallic. Among these, the ceramic segment holds the major portion of the market on account of its growing use in end-use industries such as aviation, aerospace, marine, and others as it provides thermal resistance and protection in high temperature processing applications. The yttria – stabilized zirconia is the most widely used ceramic type in the market due to excellent stability offered by the product. Therefore, the extensive consumption of this segment is estimated to drive the market in the couple of years. The high velocity oxygen fuel, electron-beam physical vapor deposition, chemical vapor deposition, and air plasma segments are classified on the basis of technology in the market. Among these, the high velocity oxygen fuel segment is predicted to witness a rapid growth in the market due to unique features offered by the product such as strength, wear and corrosion resistance. Moreover, the growing use of this technology in thermal resistant coatings is set to drive the market during the assessment period. Stationary power plants, automotive, aerospace, aviation, and others are segregated on the basis of end-use segment. Among these, stationary power plants is the leading segment due to boundless use of coatings in gas turbines that are operating at higher temperatures. Moreover, the extensive consumption of thermal paints in automotive industry is projected to drive the market during the forecast period, 2017-2023.
The Thermal Barrier Coatings Market is segmented across five regions in the world namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market due to the growing demand for thermal barrier materials in stationary power plants, automotive, industrial, energy and others. The automotive segment is predicted to witness a rapid growth in the market, due to the growing consumption of ceramic product to produce high standard and efficient vehicles in countries such as China, Japan and India. Owing to these factors, they are the major players in the market.
The North American region is growing significantly in the market due to the increasing demand for ceramic and epoxy coatings in construction and buildings and automobile sectors. It is predicted that the growing investments and technological advancement is set to drive the market during the forecast period. The growing demand of protection coatings in aerospace, aviation industries has propelled the countries such as the U.S., Canada and Mexico to achieve a stunning growth in the market.
European market has observed a remarkable growth in the market due to rapid urbanization coupled with technology. It is estimated that the vast use of thermal paint in the end-use industries has propelled the countries such as the U.K., Italy, Germany and France to observe a notable growth in the market during the forecast period.
The Latin American region is estimated to witness a recognized development in the market due to growing consumption of thermal pants in aerospace, stationary plants, and energy sectors. Moreover, the Middle East & Africa is anticipated to witness a higher growth in the market due to increasing demand for thermal insulation materials in automotive, industrial and aviation sectors.
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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. Among these, the high velocity oxygen fuel segment is accounted for major share in the market due to extensive use of this technology in thermal paints to impart durable and reliable nature to the product. Moreover, the success achieved in the research and development activities has fueled the market in the last couple of years. Stationary power plants, automotive, aerospace, aviation, and others are segregated on the basis of end-use segment. The stationary power plants is the leading segment in the market owing to extensive consumption of thermal paints in gas turbines, and others. Therefore, it is predicted that the automotive segment is set to grow at a higher rate due to growing consumption of ceramic coatings in automobile and aviation sectors.
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.
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
- Thermal Barrier Coatings Manufacturers
- Traders and Distributors of Thermal Barrier Coatings
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
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