Thermal Barrier Coatings Market (By Product: Metals, Ceramics, Intermetallics; By Application: Stationary Power Plants, Aerospace, Automotive; By Technology: Electron-Beam Physical Vapor Deposition, High-Velocity Oxy-Fuel, Chemical Vapor Deposition, Air Plasma; By Combination: Ceramic YSZ, Al2O3, MCrAiY, Mullite-based) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Published Date : Dec 2021 | No. of Pages : 150+ Pages | Category : Chemical and Material

The global Thermal Barrier Coatings market size is expected to be worth around US$ 31.69 billion by 2030, according to a new report by Vision Research Reports.

The global Thermal Barrier Coatings market size was valued at US$ 16.49 billion in 2020 and is anticipated to grow at a CAGR of 5.8% during forecast period 2021 to 2030.

Thermal Barrier Coatings Market Size 2021 to 2030

Report Coverage

Report Scope Details
Market Size US$ 31.69 billion by 2030
Growth Rate CAGR of 5.8% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, Application, Technology, Combination
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Praxair Surface Technologies; Metallisation Ltd.; Flame Spray Coating Co.; Precision Coating, Inc.; MesoCoat, Inc.; Cincinnati Thermal Spray, Inc.; ASB Industries, Inc.; Thermion; A&A Company; TWI Ltd.

Growth Factors

Increasing demand for advanced heat resistant coatings from several end-use industries including energy, automotive, and aerospace is expected to have a positive impact on the market growth in the coming years. The growing scope of applications in gas turbines, which are widely used across the energy sector, is also expected to propel the product demand.

Industry participants are engaged in extensive R&D for the development of efficient application technologies and products, while also taking several measures to increase production to fulfill the growing demand. On the other hand, volatile prices of raw materials may hinder industry growth.

Rising power generation activities across the globe owing to the growing demand for electricity as a result of population growth and rapid urbanization is boosting the growth of gas turbines for power generation. Gas turbines play an important role in reducing Greenhouse Gas (GHG) emissions. As compared to other combustion-based electricity generation applications.

By Product Analysis

The ceramics product segment led the market and accounted for more than 35% of the global revenue share in 2020. The most commonly used TBC material is yttria-stabilized zirconia, which is a form of ceramic. The key properties of this material include low thermal conductivity, high thermal expansion coefficient, and good erosion resistance. 

The ceramic product segment is expected to remain dominant by growing at the fastest CAGR during the forecast period, owing to the superior thermal resistance properties offered, which enable gas turbines to operate at high operating temperatures with higher efficiencies.

By Application Analysis

The aerospace application segment led the market with a revenue share of more than 32% in 2020. The increasing purchasing power of consumers has resulted in increased air passenger traffic over the past few years. 

This is expected to have a significant impact on the overall market growth during the forecast period. Expanding aerospace industry in North America is expected to boost the product demand in the region. The presence of key aerospace manufacturers, such as Boeing, is expected to further aid the market growth. Potential customers for TBCs in the aerospace segment are Airbus, Boeing, and Lockheed Martin.

By Technology Analysis

The air plasma technology segment led the market with a revenue share of more than 35% in 2020. Air plasma technology is used for wearing, corrosion protection, and thermal insulation, as well as for repair and restoration in several industrial sectors.

The HVOF technology is a TBC process that is used to restore or improve a component’s dimensions or properties. This technology provides a variety of benefits including improved performance, improved efficiency, low costs, superior electrical properties, the ability of components to operate in higher/lower temperatures & within harsh chemical environments, and enhanced lifespan of components. 

By Combination Analysis

The ceramic Yttria-stabilized Zirconia (YSZ) combination segment led the market and accounted for more than 38.5% revenue share in 2020. YSZ is a ceramic in which the crystal structure of zirconium oxide is made stable at room temperature by adding yttrium oxide. These oxides are commonly called zirconia and yttria.

Mullite is a compound of alumina and silica, with the formula 3Al2O3-2SiO2. It has low density, good mechanical properties, high thermal stability, low thermal conductivity, and is corrosion and oxidation resistant. However, it gets crystallized, which leads to cracking and delamination.

By Regional Analysis

North America dominated the global market and accounted for the largest revenue share of over 29.2% in 2020. The U.S. dominated the North American regional market in 2020 and the trend is projected to continue over the forecast period. Aerospace is one of the key markets for TBCs. The presence of developed economies, such as the U.S. and Canada, has led to the large-scale development of the aviation industry in the region. 

Key Players 

  • Praxair Surface Technologies

  • Metallisation Ltd.

  • Flame Spray Coating Co.

  • Precision Coating, Inc.

  • MesoCoat Inc.

  • Cincinnati Thermal Spray, Inc.

  • ASB Industries Inc.

  • Thermion

  • A&A Company

  • TWI Ltd.

Market Segmentation

  • By Product

    • Metals

    • Ceramics

    • Intermetallics

    • Others

  • By Application

    • Stationary Power Plants

    • Aerospace

    • Automotive

    • Others

  • By Technology

    • Electron-Beam Physical Vapor Deposition

    • High-Velocity Oxy-Fuel

    • Chemical Vapor Deposition

    • Air Plasma

    • Others

  • By Combination

    • Ceramic YSZ

    • Al2O3

    • MCrAiY

    • Mullite-based

    • Others

  • Regional

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • France

      • U.K.

      • Italy

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

      • Saudi Arabia

      • South Africa

The Thermal Barrier Coatings market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Thermal Barrier Coatings market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Thermal Barrier Coatings market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Thermal Barrier Coatings market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Thermal Barrier Coatings market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Thermal Barrier Coatings capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Thermal Barrier Coatings by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Thermal Barrier Coatings market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Thermal Barrier Coatings market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Thermal Barrier Coatings market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Thermal Barrier Coatings industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Thermal Barrier Coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Thermal Barrier Coatings market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Thermal Barrier Coatings market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Thermal Barrier Coatings market. These factors have benefited the growth of the global market for Thermal Barrier Coatings. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Thermal Barrier Coatings. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Thermal Barrier Coatings are as follows:

  • History Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:


- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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