Thermal Barrier Coating Market Report: Trends, Forecast and Competitive Analysis to 2030

Thermal Barrier Coating Trends and Forecast

The future of the global thermal barrier coating market looks promising with opportunities in the stationary power plants, aerospace, and automotive markets. The global thermal barrier coating market is expected to reach an estimated $19.1 billion by 2030 with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are high adaption for thermal barrier coatings in various applications, such as automotive, energy, and aerospace, advancements in technology within the automobile industry, as well as, stringent environmental regulations and a focus on energy efficiency.

A more than 150-page report is developed to help in your business decisions.

Thermal Barrier Coating by Segment

The study includes a forecast for the global thermal barrier coating by product, technology, combination, application, and region.

Thermal Barrier Coating Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Metals
• Ceramics
• Intermetallics
• Others

Thermal Barrier Coating Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Cold Barrier
• Flame Barrier
• Plasma Barrier
• High-Velocity Oxy-Fuel
• Electric Arc Barrier

Thermal Barrier Coating Market by Combination [Shipment Analysis by Value from 2018 to 2030]:

• Ceramic YSZ
• Al2O3 (Aluminium Oxide)
• MCrAlY
• Mullite-Based
• Others

Thermal Barrier Coating Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Stationary Power Plants
• Aerospace
• Automotive
• Others

Thermal Barrier Coating Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Thermal Barrier Coating Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies thermal barrier coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the thermal barrier coating companies profiled in this report include-

• Praxair Surface Technologies
• Metallisation
• Flame Spray Coating
• Precision Coating
• MesoCoat
• Cincinnati Thermal Spray
• ASB Industries
• Thermion
• A&A Company
• TWI

Thermal Barrier Coating Market Insights

Lucintel forecasts that ceramics will remain the largest segment over the forecast period due to limited thermal conductivity, elevated thermal expansion coefficient, and robust erosion resistance.

North America will remain the largest region over the forecast period due to increasing product demand across diverse applications including stationary power plants, aerospace, automotive, and more.

Features of the Global Thermal Barrier Coating Market

Market Size Estimates: Thermal barrier coating market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Thermal barrier coating market size by various segments, such as by product, technology, combination, application, and region in terms of value ($B).

Regional Analysis: Thermal barrier coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product, technology, combination, application, and regions for the thermal barrier coating market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the thermal barrier coating market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the thermal barrier coating market size?

Answer: The global thermal barrier coating market is expected to reach an estimated $19.1 billion by 2030.

Q2. What is the growth forecast for thermal barrier coating market?

Answer: The global thermal barrier coating market is expected to grow with a CAGR of 5.4% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the thermal barrier coating market?

Answer: The major drivers for this market are high adaption for thermal barrier coatings in various applications, such as automotive, energy, and aerospace, advancements in technology within the automobile industry, as well as, stringent environmental regulations and a focus on energy efficiency.

Q4. What are the major segments for thermal barrier coating market?

Answer: The future of the global thermal barrier coating market looks promising with opportunities in the stationary power plants, aerospace, and automotive markets.

Q5. Who are the key thermal barrier coating market companies?

Answer: Some of the key thermal barrier coating companies are as follows:

• Praxair Surface Technologies
• Metallisation
• Flame Spray Coating
• Precision Coating
• MesoCoat
• Cincinnati Thermal Spray
• ASB Industries
• Thermion
• A&A Company
• TWI

Q6. Which thermal barrier coating market segment will be the largest in future?

Answer: Lucintel forecasts that ceramics will remain the largest segment over the forecast period due to limited thermal conductivity, elevated thermal expansion coefficient, and robust erosion resistance.

Q7. In thermal barrier coating market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to increasing product demand across diverse applications including stationary power plants, aerospace, automotive, and more.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the thermal barrier coating market by product (metals, ceramics, intermetallics, and others), technology (cold barrier, flame barrier, plasma barrier, high-velocity oxy-fuel, and electric arc barrier), combination (ceramic YSZ, Al2O3 (aluminium oxide), mcraly, mullite-based, and others), application (stationary power plants, aerospace, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?