Thermal Barrier Coatings Market Report 2019: By Size, Share, Segmentation, Overview, Market Strategy, Revenue Growth, Forecast to 2023
Synopsis of Thermal Barrier Coatings Market:-
The global thermal barrier coatings market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the global market and is projected to continue leading, owing to the increasing consumption of heat resistant materials in stationary power plants, automotive, aerospace, and others.
It is estimated that the automotive segment is set to observe the highest CAGR in the market due to the growing use of thermal barrier materials to improve the performance and increase the life cycle of product. Moreover, the increasing demand of plastic coatings in industrial, energy and aviation sectors have propelled the market to witness a rapid growth during the forecast period. These factors have led to China, India and Japan to be the major players of this region.
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Thermal barrier coatings are used in diverse applications which can offer excellent heat stability, insulation along with wear and tear resistance to the final product. Due to these factors, they are used in various applications such as stationary power plants, automotive, aerospace, aviation, and others.
The North America market is expected to grow at a higher CAGR due to extensive consumption of thermal paints in automotive, aerospace, aviation and others. The U.S., Canada and Mexico have achieved a significant place in the market due to the growing investments in the end-use industries. Therefore, the growing demand for heat barrier materials in major sectors are estimated to drive the market during the forecast period.
Competitive Analysis of Thermal Barrier Coatings Market:-
Some of the well-known players operating in the global thermal barrier coatings market are
- Praxair Surface Technologies, Inc (U.S.)
- Metallisation Ltd (U.K)
- Flame Spray Coating Co. (U.S.)
- Metallizing Equipment Co. Pvt. Ltd. (India)
- Air Products and Chemicals, Inc. (U.S.)
- Precision Coatings, Inc (U.S.)
- ASB Industries, Inc. (U.S.)
- CTS (U.S.)
- C. Starck GmbH (U.S.)
- THERMION (U.S.A)
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Segmentation of Thermal Barrier Coatings Market:-
The global thermal barrier coatings market is segmented into product, technology and application. Based on product, the market is further classified into metal, ceramic, intermetallic segments. Based on technology, the market is subdivided into high velocity oxygen fuel, electron-beam physical vapor deposition, chemical vapor deposition, air plasma. Based on application, the market is further segregated into stationary power plants, automotive, aerospace, aviation, and others.
A notable development is achieved in Europe due to the growing demand for thermal barrier coating materials in automotive, aerospace, industrial and others. The rapid urbanization coupled with technology have propelled the market to witness a higher growth. Owing to these factors, countries such as Germany, the U.K and Italy are the major contributors to this market.
Table of Contents:-
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat of New Entrants
5 Industry Overview of Global Thermal Barrier Coatings Market
5.2 Growth Drivers
To Be Continue….
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List of Figures:-
FIGURE 1 Global Thermal Barrier Coatings Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis of Global Thermal Barrier Coatings Market
To Be Continue……
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