Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market “Thermal Barrier Coating Market” - which is forecasted from 2020 to 2027”.
The increasing number of high-temperature turbine power plant projects to meet the rising demand for green energy is expected to fuel the market growth of the thermal barrier coating market. Furthermore, the growing investments in aerospace and defense segments are yet another factor adding impetus to market growth.
As per the report, the Thermal Barrier Coating Market is projected to grow at a steady pace.
Thermal barrier coatings (TBCs) are essential for insulating components that operate at high temperatures, such as gas turbine and aero-engine parts. Thermal insulation technology allows the underlying substrate to function effectively at or near its melting point. These advanced material systems are distinguished by their extremely low thermal conductivity, resulting in a large temperature gradient when exposed to extreme heat flow. Growing demand for more efficient engines operating at higher temperatures with greater durability and thinner coatings to minimize parasitic mass for moving components is driving the innovation of advanced thermal barrier coating solutions in the market. These are increasingly being used in the aviation industry, turbine components to produce high yield while increasing the operating temperature.
On the basis of the coating technology, the thermal barrier coating market is segmented into plasma spray, combustion flame spray, arc spray, High-Velocity Oxy/Air Fuel, Cold Glass, and others. The technologies like air plasma spray and high-velocity oxy/air-fuel are expected to occupy a significant share in the market.
By product type, the market is segmented into ceramic, metallic, intermetallic, and others. The ceramic product market segment is expected to occupy a dominant share. This growth is attributed to the increased use of zirconia-based thermal barrier coating technology in the aerospace and automotive industry.
The market is segmented into North America, South America, Asia Pacific, Europe, the Middle East, and Africa based on geography. The Asia Pacific and North America are expected to occupy significant market shares due to increased investments in the aerospace and defense industries.
The market negatively affected the thermal barrier coating industry. The surge in active cases mandated lockdown and social distancing measures have led to the closure of the many production facilities in the industry. Furthermore, multiple countries' travel restrictions further affected imports and exports among several countries. The disrupted supply and demand chain led to volatile prices of raw materials.
As a part of the report, the key players active in the thermal barrier coating market that has been covered are Praxair Surface Technologies, Racine Flame Spray, Saint-Gobain, Curtiss-Wright, Honeywell International, Ultramet, Northwest Mettech Corp., Thermacote, Hayden Corporation, Keco Coatings.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/thermal-barrier-coating-market
This analytics report segments the thermal barrier coating market on the following basis: