Thermal Barrier Coatings Market driven by automotive industry by 2024

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Thermal Barrier Coatings Market Size, Share,
Industry Outlook Forecast 2016-2024
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Global Market Scenario of Thermal Barrier
Coatings Industry

• Global Thermal Barrier Coatings Market size is
  expected to witness a significant growth from
  2016 to 2024. Increasing use of vapour deposition
  and air plasma technologies for coating
  applications and growing demand for gas turbine
  applications in various industries will drive the
  market in the coming years.
• Global passenger car sales rose from around 56
  million units in 2010 to more than 69 million
  units in 2016. Likewise, heavy and medium weight
  commercial vehicle sales increased to over 24
  million in 2016 from close to 19 million in 2010.
  
• This growth is expected to propel the thermal
  barrier coatings market during the forecast
  period.
• Global air traffic will likely increase by about
  4 annually for the next two decades with up to
  30,000 new air passenger aircrafts and more than
  500 dedicated freighters demand.

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• By product, thermal barrier coatings market is
  segmented into metal coatings, ceramic coatings,
  intermetallic coatings, and others. Due to
  multi-layered protection and superior thermal
  resistance, ceramic coating products accounted
  for a substantial share of the global thermal
  barrier coatings market and will likely witness
  further growth in the future.
• By technology, thermal barrier coatings market is
  categorized into air plasma spray, electron-beam
  physical vapor deposition, chemical vapor
  deposition, high velocity oxy-fuel and others.
  Among these, air plasma spray and electron beam
  physical vapour deposition technologies has a
  healthy growth potential in the coming years
  owing to the increased RD spending in these
  technologies by companies in the value chain.
• By coatings combination, thermal barrier coatings
  market is segmented as Yttria-stabilized zirconia
  (YSZ), mullite based, alumina based and others.
  YSZ provides excellent performance in diesel
  engines and gas turbines. Mullite based coatings
  are oxidation and corrosion resistant and provide
  high thermal stability and low thermal
  conductivity. Alumina provides high hardness and
  chemical inertness and are commonly used as an
  addition to YSZ and this combination coating is
  expected to have a healthy growth in the future
  owing to its superior properties.

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Research Methodology
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Regional and Competitive Insights

• North American thermal barrier coatings market
  will grow at a significant rate in the forecast
  years mostly due to the product use in stationary
  power plants.
• Asia Pacific is also likely to observe healthy
  growth due to the widespread presence of end user
  industries such as automotive and stationary
  power plants.
• China will account for a significant share of
  the regional market due to the booming automotive
  industry in the country and increased defence
  spending in aviation and marine sectors.
• Latin American thermal barrier coatings market
  will also witness steady growth owing to the
  presence of emerging economies in the region
  while Europe is likely to experience moderate
  growth because of market stability in the demand
  for power plants.

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Competitive Insights

• The global foil labels market share is highly
  competitive. 3M Company, E I du Pont de Nemours,
  Avery Dennison, Brady Corporation, Xerox
  Corporation, Cannon, Inc., Cenveo, Inc., and
  Henkel Ag company are the major industry
  participants. Product innovations and product
  portfolio expansion are the major strategies
  adopted by the industry manufacturers.
• Rudd Macnamara Ltd., Maverick, Castle Island
  Press, South East, Relm West, and High Tech
  Packaging Corporation are the other key
  manufacturers.

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