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Thermal Barrier Coatings

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The thermal barrier coatings market was valued at US$ 12.86 Billion in 2016 and is expected to expand at a CAGR of 6.70%, in terms of revenue, over the forecast period (2017-2025). North America is the most dominant region in the global thermal barr
Thermal Barrier Coatings Market Research
Report, 2025
Thermal Barrier Coatings (TBCs) insulate components in machinery such as gas
turbines, ducting and nozzle guide vanes, aerospace parts, and other metallic
surfaces that operate at relatively high temperatures. Along with efficiency at
high temperature, TBCs facilitate low thermal conductivity and thermal shock,
and high thermal expansion in gas turbines. Such factors are expected to
increase demand for TBCs in large engine operations. Moreover, application of
gas turbines in the expanding aerospace industry is expected to boost demand
for TBCs. For instance, in 2016, Boeing and Airbus manufactured a combined
1,436 jets. Furthermore, increasing demand for TBCs for automotive application
such as coatings for internal combustion engines and gas turbines contributes to
significant growth of the market.
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The thermal barrier coatings market is classified on the basis of product type
such as metal, ceramics, intermetallic, and others. Ceramic segment accounts for
the largest revenue share in the market, owing to high thermal resistance
charteristics of ceramic TBCs. Thermal barrier coating market is also classified
on the basis of coating materials such as Al2O3, ceramic YSZ (yttria-stabilized
zirconia), MCrAlY, and others. Al2O3 segment is expected to account for the
largest market share, over the forecast period owing to low thermal conductivity
and high thermal stability of Al2O3 coatings. Moreover, alumina provides
chemical inertness and strong hardness, which is essential in manufacturing
components.
TBCs market is further segmented on the basis of technology as HVOF (high
velocity oxy-fuel), vapor deposition, and air plasma technology. HVOF
technology segment accounts for the highest revenue share as the technology
enables the use of various coating materials such as ceramics, metals, and other
alloys to provide coatings. The coating applied through HVOF technology
offers high corrosion resistance and high adherence properties and
fine-as-sprayed surface finishes, and low oxide levels. This market is segmented
on the basis of application such as automotive, industrial, energy, and
aerospace.
Ceramics segment accounted for 33.5% market share, in 2016, in global thermal
barrier coatings market. This is attributed to its high temperature applications in
various end-use industries such as automobile, power generation and aerospace.
High cost of manufacturing techniques of thermal barrier coatings, is expected
to adversely affect growth.
Major Players in the Global Thermal Barrier Coatings Market:
Some of the players in this market include Metallisation Ltd., Praxair Surface
Technologies, A&A Thermal Spray Coatings, H.C. Starck Inc., THERMION
Inc., Air Products and Chemicals, Inc., Flame Spray Coating Co., ASB
Industries, Inc., The Fisher Barton Group, and Metallizing Equipment Co. Pvt.
Ltd.
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pallavi.reddy
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