The global thermal insulation coatings market size was valued at USD 13.2 billion in 2016 and is expected to record a 6% CAGR over the forecast period. The surge in demand for Thermal Barrier Coatings (TBC) in various applications such as automotive, energy and aerospace are expected to be a major market driver.
The rapid increase in global automobile production, driven by growing demand in emerging economies, is likely to boost product demand during the forecast period. In addition, technological advances in the automotive sector have increased the demand for advanced coating technologies, which has fueled the market growth.
Key thermal barrier coatings market players are Praxair Surface Technologies, ASB Industries Inc, TST Engineered Coating Solutions, H.C. Starck Inc, Metallisation Ltd, Air Products & Chemicals, Precision Coatings, and TWI Ltd.
A full report of Thermal Barrier Coatings Market available at https://www.orionmarketreports.com/thermal-barrier-coatings-market/33190/
Thermal Barrier Coatings Market: Segmentation
By Product
• Metal
• Ceramic
• Intermetallic
• Others
By Technology
• Electron-beam Physical Vapor Deposition
• High-Velocity Oxygen Fuel (HVOF)
• Chemical Vapor Deposition
• Air Plasma
• Others
By Coating Combination
• Ceramic Yttria-Stabilized Zirconia (YSZ)
• Aluminum Oxide (Al2O3)
• MCrAiY
• Mullite-based
• Others
By Application
• Stationary Power Plants
• Aerospace
• Automotive
• Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
