Thermal Barrier Coatings (TBCs) insulate components in machinery such as gas turbines, ducting and nozzle guide vanes, aerospace parts, and other metallic surfaces that operate at relatively high temperatures. Along with efficiency at high temperature, TBCs facilitate low thermal conductivity and thermal shock, and high thermal expansion in gas turbines.

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).

The thermal barrier coatings market is classified on the basis of product type such as metal, ceramics, intermetallic, and others. Thermal barrier coating market is also classified on the basis of coating materials such as Al2O3, ceramic YSZ (yttria-stabilized zirconia), MCrAlY, and others.

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Market Dynamics
North America is expected to retain its dominance in the thermal barrier coatings market over the forecast period. This is mainly attributed to increasing sales of automobiles and technological advancement. In Asia Pacific, growing automobile and industrial sectors, are projected to aid in growth of thermal barrier coatings market. The players in global thermal barrier coatings market are primarily focusing on R&D activities to develop advanced thermal barrier coatings.

Major Keyplayers: 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.

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