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Thermal Barrier Coatings Market Trends

Report ID: GMI6711
Published Date: Sep 2023
Report Format: PDF

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Thermal Barrier Coatings Market Trends

The development of advanced ceramic and composite materials for thermal barrier coatings is leading to coatings with improved thermal resistance, durability, and mechanical properties. Increasing emphasis on sustainability is driving the demand for thermal barrier coatings that contribute to energy efficiency, reduced emissions, and longer equipment lifespans. Industries such as aerospace, energy, and power generation are seeking thermal barrier coatings that can withstand higher temperatures and extreme conditions.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for thermal barrier coatings was USD 17.1 billion in 2023 and will reach USD 26.1 billion by 2032 due to the increasing demand for lightweight and fuel-efficient engines with improved thermal protection worldwide.

Why is the demand for ceramic thermal barrier coatings growing?

Industry size for U.S. thermal barrier coatings recorded USD 3426.5 million in 2022 and is expected to witness appreciable growth from 2023-2032 owing to the rising need to enhance the efficiency and performance of aircraft engines in the region.

Thermal barrier coatings industry are Praxair Surface Technologies, Chromalloy Gas Turbine LLC, A&A Thermal Spray Coatings, H.C. Starck Solutions, MesoCoat Inc., The Fisher Barton Group, and ASB Industries, Inc. are some of the major thermal barrier coatings companies worldwide.