Thermal barrier coatings (TBCs) are advanced materials, which aid in insulating components, operating at relatively high temperatures such as in gas turbines, ducting and nozzle guide vanes, aerospace parts, and other metallic surfaces. TBCs enable gas turbines to operate at high temperature. Low thermal conductivity, low thermal shock, and high thermal expansion coefficient are some of the characteristics of TBCs, which are expected to be factors leading to increasing demand for TBCs for higher engine operation. Growing demand for gas turbine application due to growing aerospace industry. In 2016, Boeing and Airbus, manufactured a combined 1,436 jets. Also, massive orders from Indian companies such as SpiceJet, Indigo and Jet Airways is expected to boost the market. Furthermore, increasing demand for TBCs for automotive application such as coatings for internal combustion engines and gas turbines has positively affected growth of the market.
Request Sample Copy of this Report: https://www.coherentmarketinsights.com/insight/request-sample/1012
Thermal barrier coatings market is classified on the basis of product type such as metal, ceramics, intermetallic, and others. Ceramic segment accounts for the largest revenue share in thermal barrier coatings market owing to high thermal resistance and high temperature applications of ceramic TBCs in aerospace and automotive industries. Thermal barrier coating market is also classified on the basis of coating materials such as Al2O3, ceramic YSZ (yttria-stabilized zirconia), MCrAlY, and others. Al2O3 segment is expected to account for the largest market share, over the forecast period, as compared to other materials in global thermal barrier coatings market. This is attributed to low thermal conductivity and high thermal stability of Al2O3 coatings. In addition, alumina also provides chemical inertness and strong hardness which is essential in manufacturing components.
TBCs market is further segmented on the basis of technology as HVOF (high velocity oxy-fuel), vapor deposition, and air plasma technology. HVOF technology segment accounts for the highest revenue share as the technology enables the use of various coating materials such as ceramics, metals, and other alloys to provide coatings. The coating applied through HVOF technology offers high corrosion resistance and high adherence properties and fine-as-sprayed surface finishes, and low oxide levels. This market is segmented on the basis of application such as automotive, industrial, energy, and aerospace.
North America is the most dominant region in the global thermal barrier market and was valued at US$ 3.65 billion in 2016. Growth of the market in North America is driven by growing technological advancement such as reduction of in-cylinder heat, thermal fatigue protection of metal surface and reduction of emissions, increasing demand for gas turbine, and lead the market in thermal barrier coatings application. These coatings aid in operating at higher temperatures leading to increased efficiency, and reduce CO2 emissions.
View Full Report @ https://www.coherentmarketinsights.com/market-insight/thermal-barrier-coatings-market-1012
Asia Pacific is the second largest region in terms of market share in the global thermal barrier coatings market. This is attributed to increasing demand for global power and cleaner solutions and growth of industrial and automotive sectors in the region. The auto-components industry in India is expected to register a turnover of US$ 100 Billion by 2020. Countries such as India and China are expected to contribute significantly to growth of the market owing to increasing number of power generation projects and demand for vapor deposition technology. Europe market is expected to show a significant growth owing to growth in energy and aerospace sectors in the recent past.
The thermal barrier coatings market was valued at US$ 12.86 Billion in 2016 and is expected to expand at a CAGR of 6.70%, in terms of revenue, over the forecast period (2017-2025).
Ceramics segment accounted for 33.5% market share, in 2016, in global thermal barrier coatings market. This is attributed to its high temperature applications in various end-use industries such as automobile, power generation and aerospace. High cost of manufacturing techniques of thermal barrier coatings, is expected to adversely affect growth.
Major Players in the Global Thermal Barrier Coatings Market:
Some of the players in this market include Metallisation Ltd., Praxair Surface Technologies, A&A Thermal Spray Coatings, H.C. Starck Inc., THERMION Inc., Air Products and Chemicals, Inc., Flame Spray Coating Co., ASB Industries, Inc., The Fisher Barton Group, and Metallizing Equipment Co. Pvt. Ltd.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us
Mr. Shah
Coherent Market Insights
1001 4th Ave,
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Website: http://www.coherentnews.com
No comments:
Post a Comment