Thermal barrier coatings (TBCs) are coatings that insulate a metal component (such as the gas turbine or engines of an aircraft) and allow it to operate under extremely high temperatures. These 100 μm to 2 mm thick coatings of thermally insulating materials serve to insulate components from large and prolonged heat loads and can sustain an appreciable temperature difference between the load-bearing alloys and the coating surface. In doing so, these coatings can allow for higher operating temperatures while limiting the thermal exposure of structural components, extending part life by reducing oxidation and thermal fatigue. According to Gen Consulting Company, the global thermal barrier coatings market size is expected to increase from USD 1,104 million in 2021 to USD 1,492 million by 2028, garnering a CAGR of 4.4% over the evaluated period.
This industry report offers market estimates of the global market, followed by a detailed analysis of the process, end user, and region. The global market data on thermal barrier coatings can be segmented by process: air plasma spray (APS), electron beam-physical vapor deposition (EB-PVD), high velocity oxygen fuel (HVOF), low pressure plasma spray (LPPS), others. Thermal barrier coatings market is further segmented by end user: aerospace, automotive, oil and gas, power generation, others. The aerospace segment held the largest revenue share in 2021. Based on region, the thermal barrier coatings market is segmented into: Asia Pacific, Europe, North America, Rest of the World (RoW). Globally, North America made up the largest share of the thermal barrier coatings market.
The global thermal barrier coatings market is highly competitive. As of 2021, the major players in the global thermal barrier coatings market were A&A Thermal Spray Coatings, Chromalloy Gas Turbine LLC, Flame Spray Technologies B.V., Hannecard Roller Coatings Inc., Hayden Corporation, Metallic Bonds Ltd., Northwest Mettech Corporation, Praxair Surface Technologies Inc., Swain Tech Coatings Inc., United Coatings Technologies Co. Ltd., Zircotec Limited.
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.
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| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Base Year | 2021 |
| Forecast Year | 2022-2028 |
| CAGR (2022-2028) | 4.4% |
| Pages | 21 |
| Key Players | A&A Thermal Spray Coatings, Chromalloy Gas Turbine LLC, Flame Spray Technologies B.V., Hannecard Roller Coatings Inc., Hayden Corporation, Metallic Bonds Ltd., Northwest Mettech Corporation, Praxair Surface Technologies Inc., Swain Tech Coatings Inc., United Coatings Technologies Co. Ltd., Zircotec Limited |
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