The global Thermal barrier coatings Market was valued at $14.54 Billion in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $27.4Billion.
Thermal barrier coatings are refractory oxide ceramics coatings which are applied to the surface of hot metallic parts. It performs the important functions of insulating components operating at an elevated temperature such as gas turbine, combustor cans, nozzle guide vanes & ducting. It is specially designed to protect metal structure components from extremely elevated temperatures by reducing stress & fatigue. It increases yield & performance of engines. Many types of substrate material, including metals, ceramics, plastic, glass, & composite materials can be coated using plasma spraying.
“Optimal Price Point (OPP) for Thermal barrier coatings Products”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Thermal barrier coatings materials are available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Thermal Barrier Coatings market “by technology”
We have segmented the Thermal barrier coatings based on Technology as Electron Beam-Physical Vapor Deposition, High-Velocity Oxy-fuel, Chemical Vapor Deposition, Air Plasma, Others.
We have observed the significant use of thermal barrier coatings by Air plasma technology. it is a group of the coating process in which non-metallic & metallic are deposited in a molten condition to form a coating include ceramics, carbides, alloy, metals, plastics, composites & blended material. Due to this, there is a huge demand for air plasma technology in industrial sectors over the forecast period.
Thermal Barrier Coatings Market by “Coating combination”
We have segmented the Thermal barrier coatings market based on Coating Combination are Ceramic YSZ (Yttria-Stabilized Zirconia), Al2O3.
We have observed the use of Yttria-stabilized zirconia as a thermal barrier coating in gas turbines for longevity & Resistivity properties which demands the market of thermal barriers coating during the forecast period.
Thermal barrier coatings Market by “Application”
We have segmented the Thermal barrier coatings market based on Application as stationary power plants, Aerospace, Automotive, Others.
We have observed the significant use of thermal barrier coating application in a stationary power plantfor low thermal conductivity, high thermal expansion coefficient, good erosion resistance which led the market growth over the forecast period.
Asia Pacific accounted for the maximum revenue share of over xx% in 2017 due to increased demand of Thermal barriers market followed by EU- Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2023.
The key regions analyzed in the study include North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. In 2017, North America held the largest share for Thermal barriers market due to the demand for the application in Stationary power plants, Aerospace, Automotive, Others. The Asia Pacific is expected to have the highest growth due to China & this would be followed by Europe.
Rising demands for thermal barrier coatings & increase the Demands for IC engine, turbines with the increasing populations generate a demand for Thermal barriers coating. We are observing that a Thermal barrier coating are a good option as it can create a good impact on the industrial sectors.
“Competitive Landscape “and “Merger & Acquisition Insights”
The key market participants include BASF SE ,Songwon Industrial Co. Ltd, Cytec-Solvay Group, Clariant Corp, Addivant ,Air Products & Chemicals, Inc., The Welding Institute (TWI) Ltd, H.C. Starck, Incare few major players in Thermal barrier coatingsmarkets. The market of Thermal barrier coatings is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Thermal barrier coatings Market by key Technology (Revenue, Million, 2014 – 2025)
- Electron Beam-Physical Vapor Deposition
- High-Velocity Oxy-fuel
- Chemical Vapor Deposition
- Air Plasma
Thermal barrier coatings Market by Coating Combination (Revenue, Million, 2014 – 2025)
- Ceramic YSZ
Thermal barrier coatings Market by Application (Revenue, Million, 2014 – 2025)
- Stationary power plants
Thermal barrier coatings Market Regional Outlook (Revenue, USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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