Press Releases
 
Global Thermal Barrier Coatings Market: Efforts to Improve Engine Performance Trigger Consumption, o

Thermal Barrier Coatings Market - Global Industry Analysis, Trends and Forecast 2016 – 2024

United States, 15 March 2017 -- The aerospace industry being the key end-user in the thermal barrier coatings market is contributing significantly to the expansion of thermal barrier coatings market.

The global thermal barrier coatings market is facing tough competition, especially in Asia Pacific. To ensure steady sales, companies are engaging in long-term contracts. For instance, A &A Company, Inc. has been supplying ceramic coatings for valve balls to the U.S. Navy. The other players such as Praxair Surface Technologies, Inc., H.C. Starck Inc., and ASB Industries are expected to focus on research and development activities and extending contracts to remain ahead of the competition.

The research report states that the global thermal barrier coatings market will be worth US$22.4 bn by the end of 2024 as compared to US$12.4 bn in 2015. During the forecast years of 2016 and 2024, the global market is expected to progress at a CAGR of 6.6% due to the strengthening automotive market across the globe.
Browse Market Research Report @ http://www.transparencymarketresearch.com/thermal-barrier-coatings-market.html
North America to Command Influence as Region Shows Adoption of Technological Advancements

In terms of product, the global market is segmented into metal, intermetallic, ceramic, and others. The metal segment is projected to show steady growth during the forecast period as they offer better protection from corrosion, oxidation, and chemicals. Analysts anticipate that the metal segment will acquire a share of 38.8% in the overall market by the end of 2024.

Geographically, the global thermal barrier coatings market is segmented into North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. Out of all the regional markets, North America is anticipated to be the dominant one. Increasing technological advancements are expected to drive this dominance through the forecast period. By the end of 2024, the North America thermal barrier coatings market is expected to acquire a share of 26.7% in the overall market.

Emergence of End-use Industries Leads to Extensive Usage of Thermal Barrier Coatings

The extensive usage of gas turbines in various industries such as automotive, stationary power plants, and aerospace is expected to spike the demand for thermal barrier coatings. These coatings are predominantly used for reduce the heat that turbines generate in order to improve their output and performance. The market for thermal barrier coatings will also remain boisterous due to the development of advanced technologies such as high-velocity oxy-fuel technique and electron beam physical vapor deposition.
Make an Enquiry @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=20009

Emergence and growth of automotive industries in several developing nations are also anticipated to play a pivotal role in determining the progress of the global thermal barrier coatings market. The automotive industry will be largely responsible for thermal barrier coatings to keep the temperatures of external and internal parts at an optimum to ensure improved performance of the engine. Analysts anticipate that the burgeoning automotive industry in Asia Pacific will provide a significant fillip to the global market in the coming years as the region is witnessing high consumption and production of automobiles.

High Cost of Manufacturing Technology Raises Cost of Products

Amongst all the types of coatings, the high-performance ceramic coatings are considered to be superior one. Though the raw materials required to make these coatings are cheaper, it is the usage of technologies that adds to their rising cost. Thus, the high prices of technology involved in making superior coatings is expected to discourage consumption and hamper market growth.

The market has been segmented as follows:

Global Thermal Barrier Coatings Market: By Product Type
• Metal
• Intermetallic
• Ceramic
• Others

Global Thermal Barrier Coatings Market: By Technology
• Vapor Deposition
• HVOF
• Air Plasma

Global Thermal Barrier Coatings Market: By Coating Materials
• Al2O3
• Ceramic YSZ
• MCrAlY
• Others

Global Thermal Barrier Coatings Market: By Application
• Industrial
• Automotive
• Aerospace
• Energy

# # #


Footnotes:
This review is based on Transparency Market Research’s report, titled “Thermal Barrier Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016-2024.”

Document Attached Image Attached Download file at: http://www.transparencymarketresearch.com/thermal-barrier-coatings-market.html
(Right click and save file to download.)

Submitted by TMRPARESH, Transparency Market Research on Wednesday, 15 March 2017 at 12:14 PM
Category: Architecture & Construction
 
Related News

Where to find the very best KingsBottle review in online
Saturday, 25 Mar 2017

Technological Advancements for 3d Printing and Drone Supervision Are Expected Boost the EPCM Market
Friday, 24 Mar 2017

Oswego County Land Bank Appoints Kim Park of Wolcott NY as Executive Director
Friday, 24 Mar 2017

Roman Blinds Bring An Elegant,Contemporary Feel To Your Home Or Office Decor
Thursday, 23 Mar 2017

Plasticizers Market: Production Volume to Reach 12,109.0 Kilo Tons by 2024, TMR
Wednesday, 22 Mar 2017

Related Events

Digitally Built: Digitising construction across the whole chain
Thursday, 20 Apr 2017

Advancing Building Estimation 2017
Monday, 22 May 2017

INDEX Design Series 2017
Monday, 22 May 2017

Latest News

Tips To Select Best Plumbing Organization in Whitstable
Monday, 27 Mar 2017

Cost Effective Garage Door Repair Services
Monday, 27 Mar 2017

Looking For Platen Collection – Vinyl LP Is Your Destination
Monday, 27 Mar 2017

What Will be the Various Types of Aerial Photography?
Sunday, 26 Mar 2017

Men's Style Blazers
Sunday, 26 Mar 2017

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2017
Today is Monday, 27 March 2017

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • LUPUS 2017 and ACA: Int. Congress on SLE and Asian Congress on Autoimmunity
  • 6th Drug Formulation, Solubility and Bioavailability Summit
  • Interim Analysis Symposium
  • 11th Annual Primary Care Spring Conference Session I or II
  • 8th Global Drug Delivery and Formulation Summit

  • Latest Jobs
  • London Investment Property
  • We Are Hiring A Content Manager!