Competitive Analysis:
Some of the major players functioning 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.), H.C. Starck GmbH
(U.S.), and THERMION (U.S.A), among others.
Market Overview:
Thermal Barrier Coatings belongs to a class of coverings
which are applied on the metallic surface to offer excellent flexibility, heat
stability, and chemical resistance to the finished material. Moreover, they
also provide versatility, reliability and durable nature to the product.
The Global Thermal
Barrier Coatings Market has been driven by the range of its application
in various sectors such as stationary power plants, automotive, aerospace,
aviation, and others. Moreover, it is estimated that the automotive segment is
set to witness the highest growth in the market due to the growing consumption
of heat resistant materials in the sector over the forecast period.
Market Segmentation:
The Global Thermal Barrier Coatings Market is segregated into
the product, technology and application. On the basis of the product, the
market is further categorized into metal, ceramic, intermetallic segments. On
the basis of technology, the market is segmented into high velocity oxygen
fuel, electron-beam physical vapor deposition, chemical vapor deposition, air
plasma. On the basis of application, the market is classified into stationary
power plants, automotive, aerospace, aviation, and others.
Market Scenario:
The ceramics segment is the most widely used type in the
market due to its growing consumption in heavy end-use industries such as
automotive, aerospace, aviation, industrial, and others. Moreover, durability,
wear resistance and phase stability are the major factors behind the popularity
of this segment. The increasing use of ceramic type, yttria-stabilized zirconia
in major industries is estimated to drive the market during the assessment
period.
Get Sample Copy PDF@ https://www.marketresearchfuture.com/sample_request/4980
The high velocity oxygen fuel is the leading technology used
in the market and is anticipated to observe a rapid growth due to an increased
demand for thermal paints in various applications. This technology is used in
heat barrier paints to improve the performance, efficiency of the engines and
systems. Moreover, excellent flexibility, mechanical properties, UV and
chemical resistance are some of the properties offered by the technology in the
industry.
The stationary power plants is the leading segment used in
the market and is anticipated to observe a rapid growth due to boundless use of
thermal paints in gas turbines and systems. Moreover, the automotive segment is
expected to witness a rapid growth in the sector due to extensive consumption
of barrier materials in various components and parts of the systems.
Regional Analysis:
The Global Thermal Barrier Coatings Market is spanned across
five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle
East & Africa. Among these, Asia Pacific holds the major portion of the
global market and is anticipated to continue its dominance due to rising demand
for thermal insulation materials in various applications. Countries such as
China, Japan and India are the major players in this region. The North America
region is estimated to witness a higher growth in the U.S., Canada and Mexico
owing to increasing demand for industrial coatings in stationary power plants,
aerospace, aviation and others. The enactment of new rules and regulations set
by the European Union has driven the manufacturers to use eco-friendly product
in the end-use industries. Moreover, it is projected that the progressing
research & development of coating materials in the market has propelled
this region to witness a significant growth in Germany, the U.K and Italy.
The Middle East & Africa is estimated to observe a
significant growth due to increasing consumption of barrier materials in
industrial, aerospace, aviation and others. Additionally, the growing demand
for corrosion and wear resistance materials is projected to boost the market in
the Latin American region.
Access Complete Report @ https://www.marketresearchfuture.com/reports/thermal-barrier-coatings-market-4980
No comments:
Post a Comment