Report Code: A07561 | Pages: NA | Mar 2023 | 1005 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Thermal Barrier Coating Market
Request Now !Thermal barrier coatings are made up of ceramic materials. They are used to coat on metals to avoid degrading of metals. They are coated on air craft engines, turbine blades, and other machine tools, which are operated at high temperatures. The combination of thermal barrier coatings protects the metal under many processes of corrosion such as melting and oxidation. The metal or base material is covered with a layer of 100µm to 2 mm. However, increase in demand for these high-performance engines is attributed to the increased demand for superior thermal restriction.
Increase in the global demand for energy, especially for emerging economies, is expected to boost the market during the forecast period due to product demand in turbines installed at power stations. High Velocity Oxygen Fuel (HVOF) and the development of atmospheric plasma in automotive and aircraft applications depend on the continued demand for the product.
Increased spending on R&D of new and effective product technologies has resulted in the development of cost-effective and efficient plasma technology. This technology is expected to boost the thermal barrier coating market in the near future. The renewed growth of vapor deposition and air plasma technologies in line with the increase in demand for turbine engines in various operating industries has become an important driver of the industry. Fluctuation in raw material prices is expected to hinder the market growth in the coming years.
The regions analyzed are North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific, Europe, and North America are growing at a significant rate in the thermal barrier coating market.
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Thermal Barrier Coating Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | A&A Company, Air Products and Chemicals, Inc., Metallisation Ltd., Flame Spray Coating Co., TST Engineered Coating Solutions, ASB Industries Inc., TWI Ltd., HC Starck Inc., Metalizing Equipment Co. Pvt Ltd., The Fisher Barton Group, Thermion Inc. |
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