Thermal Barrier Coatings Market, By Substrate Type (Polyurethane, Acrylic, Mullite, Epoxy, and Yttria Stabilized Zirconia), By End use industry (Construction, Manufacturing, Aerospace, Marine, and Automotive) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2030

Thermal barrier coatings are used to insulate the components in machines that operate normally at high temperatures. These devices may include gas turbines, aerospace parts, ducting and nozzle guide vanes, and other metallic surfaces. Thermal barrier coatings also offer low thermal conductivity and thermal shock, coupled with the relatively high thermal expansion into the gas turbines.

The market in North America currently dominates the market for thermal barrier coatings and is expected to continue its strong hold for a few more years owing to rising technological advancements like reduction of in-cylinder heat, metal surface thermal fatigue protection, coupled with reduction of emissions in the countries of the region. The markets in Asia-Pacific and Europe are expected to register high growth rate, owing to the rapidly growing automotive industries in the region, coupled with the rising demand for power and cleaner especially in the emerging economies such as India and china in the region, over the forecast period. However, high costs associated with the raw materials as well as manufacturing technologies of thermal barrier technologies are key factors expected to adversely affect growth of this market.

Thermal barrier coatings market has been segmented on the basis of sustrate type, end-use industry and region.

Regional Insights:

On the basis of region the target market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to account major market share as compared to that of other regions.

Key players operating in the thermal barrier coatings market includes 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.