The research on the Thermal Barrier Coatings Market further validates other prime factors including investment feasibility, production capability, product pricing, production volume, demand and supply, import and export status to help business evangelists make the multi-dimensional marketing strategy more robust.

New York, NY -- (SBWire) -- 05/06/2021 --The Global Thermal Barrier Coatings Market is projected to reach USD 25.82 billion in 2027. Increasing demand in the coming years is anticipated to have a positive effect on the market growth of advanced thermal barrier coatings from many end-use industries, including power, automotive, and aerospace industries.

The increase in the application spectrum for gas turbines, extensively used in the energy industry, is also anticipated to fuel competition on the market. There are expected to be more market drivers for a growing number of stationary power stations in developing economies. An increase in product penetration will also be advantageous for market development in aerospace applications.

In the automotive and aerospace industry, expanded use of air plasma and high-velocity oxygen fuel (HVOF) developments would boost commodity demand. Strong investment in specialized and creative coating technologies from leading industry players like the Praxair Surface Technologies would also have a positive effect on the development of the sector.

Key players in the market include A&A Thermal Spray Coatings, H.C. Stark GmbH, ASB Industries, Inc., Flame Spray Coating Co., Metallizing Equipment Co. Pvt. Ltd., Praxair Technology, Inc., Air Products and Chemicals, Inc., Thermion, Metallizing Equipment Co. Pvt. Ltd. and Integrated Global Services, among others.

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Thermal barrier coatings are made of epoxy resins, polymers, and zirconia. Throughout the advancement of productive design technology and goods, the industry players are interested throughout comprehensive R&D while still following numerous production measures to satisfy that demand.

Raw materials' high costs will impede the growth of the industry. Yet the demand will be powered by attempts by Original Equipment Manufacturers (OEMs) to produce innovative goods due to factors like technological and economic growth and improved lifestyles and expanded disposable income.

The COVID-19 impact:
The pandemic COVID-19 would undoubtedly jeopardize the growth of the sector to some level. Important players in the industry are unclear of the market's prospects and continue to change their approaches to assist themselves in this struggle. The pandemic had a huge effect on aviation, and most global companies needed to halt production and other industries. In certain parts of the world, there is a shortage of workers due to frequent lockdowns. COVID-19 impacted foreign markets, exportation, and imports, contributing to a major decrease in production. The largest companies on the market try to clear out their stocks and keep their cash reserves in focus. The people's real discretionary income would definitely be lowered, and manufacturers will have new products that fulfill the needs of customers at even lower prices.

For the purpose of this report, Reports and Data have segmented into the global Thermal Barrier Coatings Market on the basis of Product, Technology, Coating Combination, Application, and region:

Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

Metal
Ceramic
Intermetallic
Others

Technology Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

Electron-beam Physical Vapor Deposition
High-Velocity Oxygen Fuel (HVOF)
Chemical Vapor Deposition
Air Plasma
Others

Coating Combination Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

Ceramic Yttria-Stabilized Zirconia (YSZ)
Aluminum Oxide (Al2O3)
MCrAiY
Mullite-based
Others

Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

Stationary Power Plants
Aerospace
Automotive
Others

Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

North America
Europe
Asia Pacific
Latin America
MEA

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Further key findings from the report suggest

In view of growing product penetration in energy, automotive, and aviation use, the TBC market is expected to expand significantly over the forecast period.
The segment of ceramics is a market leader. Due to the high preference that ceramic coatings have over metal-based coats, it is expected to grow further.
The market development of Air plasma technology is driven by factors such as ease of use and low operating cost.
An increasing CAGR is expected in the Ceramic YSZ Coating Segment as the usage of ceramic YSZ is increased due to superior resistance properties and improved efficiency.
Over the forecast era, Asia Pacific is predicted to see the fastest CAGR. China is the region's fastest-growing economy and is expected to expand over the projected timeframe
In February 2018, the wholly-owned subsidiary of Praxair Surface Technologies and GE Aviation, PG Technologies, has expanded production to Singapore by increasing its coating capacity to meet growing requirements for the aviation sector. The facility plans to increase the physical vapor deposition electron beam (EBPVD) capability and add other aeronautical coating processes to a new installation.

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Table of Content:

Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Thermal Barrier Coatings Market Segmentation & Impact Analysis
4.1. Thermal Barrier Coatings Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand in the Aerospace and Automotive sector.
4.2.2.2. Material utilization efficiency is very high.
4.2.3. Market restraints analysis
4.2.3.1. The set-up costs are very high and is the market's biggest restraining factor.
4.2.3.2. Lack of skilled labor due to COVID-19.
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence

Continued…

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