Thermal Barrier Coatings Market Size, Share, Industry, Forecast and outlook (2023-2030)

The market is growing at a CAGR of 4.9%.

Major Players are Praxair Surface Technologies, Metallisation Ltd., TST Engineered Coating Solutions, Air Products & Chemicals Inc., Integrated Global Services Inc., ASB Industries Inc., H.C. Starck Inc., Precision Coatings, TWI Ltd.

The Asia Pacific region is expected to dominate the market due to the increasing demand from end-user industries such as automotive and energy. North America is also expected to see significant growth due to the use of thermal barrier coatings in stationary power plants.

The increasing demand for thermal barrier coatings in the automotive, aerospace, and energy sectors is a major driver of the market growth. The excellent properties of thermal barrier coatings, such as low density, high surface emissivity, and resistance to oxidation, are also contributing to the market growth.