Product Code: GVR-1-68038-128-3
Thermal Barrier Coatings Market Growth & Trends:
The global thermal barrier coatings market size is expected to reach USD 23.6 billion by 2030, registering a CAGR of 5.1% during the forecast period, according to a new report by Grand View Research, Inc.. Increasing demand for advanced heat resistant coatings from several end-use industries including energy, automotive, and aerospace is expected to have a positive impact on the market growth in the coming years. The growing scope of applications in gas turbines, which are widely used across the energy sector, is also expected to propel the product demand.
Medical was the largest application for PEG, accounting for more than 40% of market share in 2022. Superior blending, hygroscopicity, and non-toxic properties of PEG have resulted in high demand for the chemical in numerous pharmaceutical products such as tablets and ointments. Increasing pharmaceutical expenditure, particularly in emerging economies of India, China, and Brazil, is expected to boost PEG market over the forecast period. Growing demand for paints & coatings coupled with the increasing use of PEG as a solvent due to its low VOC emissions is anticipated to fuel market growth over the next six years.
Rising power generation activities across the globe owing to the growing demand for electricity as a result of population growth and rapid urbanization is boosting the growth of gas turbines for power generation. Gas turbines play an important role in reducing Greenhouse Gas (GHG) emissions. As compared to other combustion-based electricity generation applications, these are very proficient and also reduce carbon emissions. Thus, the growth in the power generation sector along with an increased focus on generating electricity through sustainable energy sources is projected to propel the growth of gas turbines in the coming years.
An increasing number of stationary power plant installations in emerging economies is projected to drive the demand further. In addition, increasing product penetration in the aerospace application would also benefit market growth in the coming years. The rising adoption of air plasma and High-Velocity Oxygen Fuel (HVOF) technologies in automotive and aerospace applications is expected to drive product demand in these sectors. Heavy investments by leading industry participants, such as Praxair Surface Technologies, for the development of advanced and innovative coating solutions, will also have a positive impact on the market growth during the forecast period.
Thermal Barrier Coatings Market Report Highlights:
- The aerospace application segment accounted for a prominent share in 2022 and is further expected to witness significant growth over the forecast period
- North America dominated the market in 2022. However, Asia Pacific is projected to be the fastest-growing regional market from 2022 to 2030.
- The ceramics product segment led the global market in 2022 and will remain dominant, growing at the fastest CAGR over the forecast period, due to its rising demand in various end-use industries
- Prominent development strategies adopted by the leading companies in this market are merger & acquisition activities, technical collaborations, and plant expansions.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Product
- 1.1.2. Application
- 1.1.3. Technology
- 1.1.4. Combination
- 1.1.5. Regional scope
- 1.1.6. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Product outlook
- 2.2.2. Application outlook
- 2.2.3. Technology outlook
- 2.2.4. Combination outlook
- 2.2.5. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Thermal Barrier Coatings Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market driver analysis
- 3.5.2. Market restraint analysis
- 3.5.3. Industry opportunities & challenges
- 3.6. Thermal Barrier Coatings Market Analysis Tools
- 3.6.1. Industry analysis - Porter's
- 3.6.1.1. Supplier power
- 3.6.1.2. Buyer power
- 3.6.1.3. Substitution threat
- 3.6.1.4. Threat of new entrant
- 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL analysis
- 3.6.2.1. Political landscape
- 3.6.2.2. Technological landscape
- 3.6.2.3. Economic landscape
- 3.6.2.4. Social landscape
- 3.6.2.5. Environmental landscape
- 3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
- 4.1. List of Suppliers
- 4.2. Kraljic Matrix
- 4.3. Sourcing Best Practices
- 4.4. Negotiation Strategies
Chapter 5. Thermal Barrier Coatings: Product Estimates & Trend Analysis
- 5.1. Thermal Barrier Coatings Market: Key Takeaways
- 5.2. Thermal Barrier Coatings Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Metals
- 5.3.1. Metals market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4. Ceramics
- 5.4.1. Ceramics market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.5. Intermetallics
- 5.5.1. Intermetallics market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.6. Others
- 5.6.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Thermal Barrier Coatings: Application Estimates & Trend Analysis
- 6.1. Thermal Barrier Coatings Market: Key Takeaways
- 6.2. Thermal Barrier Coatings Market: Movement & Market Share Analysis, 2022 & 2030
- 6.3. Stationary Power Plants
- 6.3.1. Stationary power plants market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.4. Aerospace
- 6.4.1. Aerospace market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.5. Automotive
- 6.5.1. Automotive market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.6. Others
- 6.6.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 7. Thermal Barrier Coatings: Technology Estimates & Trend Analysis
- 7.1. Thermal Barrier Coatings Market: Key Takeaways
- 7.2. Thermal Barrier Coatings Market: Movement & Market Share Analysis, 2022 & 2030
- 7.3. Cold Barrier
- 7.3.1. Cold barrier market estimates and forecasts, 2018 to 2030 (USD Million)
- 7.4. Flame Barrier
- 7.4.1. Flame barrier market estimates and forecasts, 2018 to 2030 (USD Million)
- 7.5. Plasma Barrier
- 7.5.1. Plasma barrier market estimates and forecasts, 2018 to 2030 (USD Million)
- 7.6. High-Velocity Oxy-Fuel (HVOF)
- 7.6.1. HVOF market estimates and forecasts, 2018 to 2030 (USD Million)
- 7.7. Electric Arc Barrier
- 7.7.1. Electric arc barrier market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 8. Thermal Barrier Coatings: Combination Estimates & Trend Analysis
- 8.1. Thermal Barrier Coatings Market: Key Takeaways
- 8.2. Thermal Barrier Coatings Market: Movement & Market Share Analysis, 2022 & 2030
- 8.3. Ceramic YSZ
- 8.3.1. Ceramic YSZ market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.4. Al2O3
- 8.4.1. Al2O3 market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.5. MCrAlY
- 8.5.1. MCrAlY market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.6. Mullite-based
- 8.6.1. Mullite-based market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.7. Others
- 8.7.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 9. Thermal Barrier Coatings Market: Regional Estimates & Trend Analysis
- 9.1. Regional Outlook
- 9.2. Thermal Barrier Coatings Market by Region: Key Takeaway
- 9.3. North America
- 9.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 9.3.2. U.S.
- 9.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 9.3.3. Canada
- 9.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 9.3.4. Mexico
- 9.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 9.4. Europe
- 9.4.1. UK
- 9.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 9.4.2. Germany
- 9.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 9.4.3. France
- 9.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 9.4.4. Italy
- 9.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 9.4.5. Spain
- 9.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 9.4.6. Belgium
- 9.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 9.4.7. Russia
- 9.4.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 9.5. Asia Pacific
- 9.5.1. China
- 9.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 9.5.2. Japan
- 9.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 9.5.3. India
- 9.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 9.5.4. South Korea
- 9.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 9.5.5. SouthEast Asia
- 9.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 9.6. Central & South America (CSA)
- 9.6.1. Argentina
- 9.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 9.6.2. Brazil
- 9.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 9.7. MEA
- 9.7.1. South Africa
- 9.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 9.7.2. Saudi Arabia
- 9.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
Chapter 10. Competitive Landscape
- 10.1. Recent Developments & Impact Analysis, By Key Market Participants
- 10.2. Market Participant Categorization
- 10.2.1. Praxair Surface Technologies, Inc.
- 10.2.1.1. Company overview
- 10.2.1.2. Financial performance
- 10.2.1.3. Product benchmarking
- 10.2.1.4. Strategic initiatives
- 10.2.2. Thermion
- 10.2.2.1. Company overview
- 10.2.2.2. Financial performance
- 10.2.2.3. Product benchmarking
- 10.2.2.4. Strategic initiatives
- 10.2.3. Flame Spray Coating Co.
- 10.2.3.1. Company overview
- 10.2.3.2. Financial performance
- 10.2.3.3. Product benchmarking
- 10.2.3.4. Strategic initiatives
- 10.2.4. Precision Coating, Inc.
- 10.2.4.1. Company overview
- 10.2.4.2. Financial performance
- 10.2.4.3. Product benchmarking
- 10.2.4.4. Strategic initiatives
- 10.2.5. MesoCoat Inc.
- 10.2.5.1. Company overview
- 10.2.5.2. Financial performance
- 10.2.5.3. Product benchmarking
- 10.2.5.4. Strategic initiatives
- 10.2.6. Cincinnati Thermal Spray, Inc.
- 10.2.6.1. Company overview
- 10.2.6.2. Financial performance
- 10.2.6.3. Product benchmarking
- 10.2.6.4. Strategic initiatives
- 10.2.7. ASB Industries Inc.
- 10.2.7.1. Company overview
- 10.2.7.2. Financial performance
- 10.2.7.3. Product benchmarking
- 10.2.7.4. Strategic initiatives
- 10.2.8. Thermion
- 10.2.8.1. Company overview
- 10.2.8.2. Financial performance
- 10.2.8.3. Product benchmarking
- 10.2.8.4. Strategic initiatives
- 10.2.9. A&A Company
- 10.2.9.1. Company overview
- 10.2.9.2. Financial performance
- 10.2.9.3. Product benchmarking
- 10.2.9.4. Strategic initiatives
- 10.2.10. TWI Ltd.
- 10.2.10.1. Company overview
- 10.2.10.2. Financial performance
- 10.2.10.3. Product benchmarking
- 10.2.10.4. Strategic initiatives