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Thermal Barrier Coatings Market Analysis
- Report ID: GMI6711
- Published Date: Sep 2023
- Report Format: PDF
Thermal Barrier Coatings Market Analysis
Based on type, the thermal barrier coatings market is segmented as ceramic coating, metallic coatings, others. Ceramic coating held a majority market value of USD 10.2 billion in 2022. Ceramic coatings are sought after for their ability to provide excellent thermal insulation and protection at extremely high temperatures.
Based on application method, the thermal barrier coatings market is segmented as air plasma, electron beam physical vapor deposition (EB-PVD), others. Air plasma held a dominant market share of around 40% in 2022 and is expected to grow at a lucrative pace by 2032. APS allows for rapid deposition of coatings over large areas, making it suitable for industries with high-volume coating needs.
Based on end-use, the thermal barrier coatings market is segmented as aerospace, power generation, automotive, oil & gas, others. Aerospace held a dominant market share in 2022 and is anticipated to grow at 4.95% CAGR through 2032. Thermal barrier coatings enhance the efficiency of gas turbines by protecting components from extreme temperatures and wear.
U.S. dominated the North American region with majority market share and a revenue of USD 3.4 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. North America has a significant aerospace industry, driving demand for coatings that enhance the efficiency and performance of aircraft engines.
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Thermal Barrier Coatings Market Scope
