Thermal Barrier Coatings Market Research Report- Forecast to 2030

Thermal Barrier Coatings Market Research Report- by Product (Metal, Ceramic and Intermetallic), Technology (High Velocity Oxygen Fuel, Electron-Beam Physical Vapor Deposition) by Application (Stationary Power Plants, Automotive) – Forecast till 2030

ID: MRFR/CnM/3545-HCR | February 2023 | Region: Global | 135 Pages         

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Thermal Barrier Coatings Market

Thermal Barrier Coatings Market is projected to be worth USD 27.4 Billion by 2030, registering a CAGR of 7.2% during the forecast period (2022 - 2027).

By Product Metal Ceramic Intermetallic
By Technology High Velocity Oxygen Fuel Electron-Beam Physical Vapor Deposition
By Application Stationary Power Plants Automotive
Key Players
Companies Profiled   Metallization Ltd   Flame Spray Coating Co.   Metalizing Equipment Co. Pvt. Ltd   Air Products and Chemicals Inc   Precision Coatings Inc.   ASB Industries Inc.   CTS   C. Stack GmbH   THERMION
Market Driving Forces   The extensive consumption of this segment is estimated to drive the market
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Thermal Barrier Coating Market Overview 

The demand for the thermal barrier coatings market size is estimated to grow by 4%. Thermal barrier coatings have a wide range of applications. They perform crucial functions like gas turbines, aero-engine parts, insulating components, and working in elevated temperatures. The thermal barrier coating is mainly used to protect the metal structures. At elevated temperatures, the metal structure can change and they may not produce enough thermal effects. Due to this, the need for thermal barriers in the building is rising.

 They can effectively manage heat exhaustion at any building. Also, they have four layers of metallic bond coat that help for better efficiency and effectiveness. Some of the variations in this thermal barrier are metal substrate, ceramic topcoat and oxide developed thermally. In the automotive industry, the need for the thermal barrier is increasing. Many luxury vehicles have high heat exhaustion issues. As these vehicles come with high horsepower the need for effective heat exhaustion is necessary.

This creates a high need for thermal barrier coating in the automotive sector. Some of the other materials produced through thermal barriers are Polymers, resins, zirconium, and aluminates. The thermal barrier market has various segments that contribute to continuous growth. All these factors will create an exceptional impact on this market. The thermal barrier market value will increase due to all these factors. 

Covid analysis 

Covid 19 harms industries nationwide. The thermal barriers coating market is witnessing a downfall in this period. Also, the economic recession plays a crucial role in the declining trend of various markets. The supply chain disruptions are huge for the market. Further, the demand for the coatings is less from the end-users.

Especially, the automotive sector faces a decline in demand. The automotive overall supply rates have significantly reduced. It is reducing the investment for the market from the user end. Also, the thermal barriers coatings applications are slowing down due to global restrictions and lockdowns. All these challenges change the outlook of the thermal barriers market scenarioPost covid 19, the market scenario seems positive. Demand for the market is expected to constantly surge in upcoming years. The launch of the new range of thermal barrier coating will create favorable changes in the market. 

Market dynamics 

  • Crucial market drivers 

The demand from various end-users is a crucial demand driver. The thermal barrier coatings have a rapid increase in demand from the aerospace and energy, automotive market. Thermal barrier coatings are used in variation turbines. The nickel-based superalloys need protection from both melting and thermal cycling.

 Due to this, the usage of thermal barriers is rising in the aerospace market. Thermal barrier coatings when combined with cool air the melting point of alloy increases. Moreover, Thermal barrier coatings can reduce the temperature of the blade alloy. This can secure the alloy against oxidation and offer corrosion resistance. These features such as turbine performance, efficiency, and life expectancy attract many end-users. 

Also, the rapid rise the automobile production is another crucial driver for the market. Emerging economies are having massive demand from the thermal barriers from the automobile industry. The leading automobile companies are adopting thermal barriers at an exponential pace.

This positively affects the overall thermal barrier coatings market. Especially, Europe is a key player responsible for high demand from the automotive market. In recent years, new types of automotive with less carbon emission are developed. For these automobiles, the need for thermal barrier coatings is higher. These crucial drivers will contribute to the exceptional revenue of this market. 

  • The market growth opportunities 

Technological advancements will lead to thermal barrier market growth opportunities. Manufacturing thermal barriers coatings with more efficiency are possible with technologies. The effective coating and operations through this technology attract many end-users. Spending on thermal barrier research is another crucial development.

 The research in the market is paving way for the new product range. Many developing regions have a high end for thermal barrier coatings. Due to this, the research to develop a new range of these coatings is high. The aerospace industry is showing more interest in thermal barrier coating. It is raising the investments from the market. The rising investments will create many positive changes in the market.

 Especially, North America is investing more than billions for the coatings. The aviation industry and aerospace sector in the product will create much more growth opportunities. China growing military sector is another factor leading to growth. Military spending in this market is rising threefold. This is creating a positive impact on the overall thermal barrier coatings market. Due to these developments, overall market growth and revenue rates will reach a peak. 

  • The market restraints 

The stringent environmental regulation by the government will decline in thermal barrier coatings. The coatings product can cause respiratory problems when inhaled by individuals. Some of these coatings contain harmful chemical particles. Also, it is not an eco-friendly coating.

Due to this many governments are posing stringent rules regarding the use of thermal barrier coatings. These regulations will hamper overall the adoption rate of thermal barrier coatings. Governmental laws will rise in upcoming years that will lead to more restrictions. However, the use of this product has many complications in some regions. 

  • The market challenges 

The volatility of the price is a challenge in this market. There is a constant fluctuation in the price of these thermal coatings that affect the growth. There are many raw materials required in the production of this coating. Especially, the raw materials are expensive and less in many regions. The lack of availability of raw materials creates price volatility. Due to raw material fluctuations, the price inconsistency is higher.

Due to increased prices, the demand for thermal barriers can decline. Further, the lack of awareness in some regions can affect the demand. Especially, regions with less investment have less awareness for the thermal barriers coatings. 

  • Cumulative growth analysis 

The thermal barrier coatings market trends is stable in the forecast period. Some factors contribute to the growth of thermal barriers coatings. Demand from the aerospace and aviation market is contributing to the high growth of thermal barriers coating. The durability, easy handling, and efficiency of the product are attracting many end users.

However, price volatility is a restraining factor of this market. Also, stringent government rules affect the expansion of this product. Due to these challenges, a declining trend can occur. However, technological advancements provide exceptional growth opportunities. All these factors will contribute to positive trends in this market. 

  • Value chain analysis 

The north American region holds highest thermal barrier coatings market share. The high requirement is from various end-users such as aerospace, electricity, oil and gas, and others. Furthermore, the United States holds the largest number of market shares. Canada and Mexico are other key contributors to the market.

The United States records the highest investment for the market. The United States is a region that has the largest aerospace industry. The growth rate of the fleet and aviation market is more than 54%. Due to this massive demand thermal barriers coatings market is witnessing expansion. 

Segment overview 

By Product of thermal barrier coatings market

  • Other Products

  • Metal (Bond Coat)

  • Intermetallic

  • Ceramic (Top Coat)

By End-user of thermal barrier coatings market

  • Oil and Gas

  • Automotive

  • Power Plants

  • Aerospace 

By Geography


  • China

  • Japan

  • South Korea

  • India

  • Rest of Asia-Pacific

North America

  • Mexico

  • United States

  • Canada


  • Germany

  • Russia

  • Italy

  • France

  • United Kingdom

  • Other End-user Industries

The Global Thermal Barrier Coatings Market Share by Application:

Thermal Barrier Coatings Market

Regional analysis  

The global thermal barrier coatings market is segmented into five regions such as Middle East, Africa Asia Pacific, North America, Europe, and Latin America. The rising need for ceramic and epoxy coatings in construction is creating high demand in North America. The expansion of the thermal barriers market is wide in this region.

Further, Asia Pacific is the next largest thermal barriers coatings market. The surge of stationary power plants, automotive, industrial, energy, and other application is leading to growth. Due to this Asia Pacific holds significant shares of the market. Due to the increased use of ceramic products to build high-standard and efficient automobiles is rising the adoption. Countries such as China, Japan, and India have demand from the automotive segment. Europe is another crucial market with a higher need for thermal barrier coatings. These leading participants will contribute to high even rates of the market. 

The key players of the thermal barriers coatings market are 

  • Metallization Ltd 

  • Flame Spray Coating Co. 

  • Metalizing Equipment Co. Pvt. Ltd

  • Air Products and Chemicals, Inc

  • Precision Coatings, Inc. 

  • ASB Industries, Inc. 

  • CTS 

  • C. Stack GmbH 


Recent developments 

  • The key players are launching thermal spray barrier coating in many regions. These coatings are expected to come with higher corrosion resistance and efficiency. The environmentally friendly barriers will have higher demand among end-users. 

  • Key players are signing new agreements to expand their product portfolio. These agreements will create more exposure for the thermal barrier coatings products. 

Report overview 

  • Market overview highlights 

  • Analysis based upon COVID 19

  • Explanation upon the Market Dynamics

  • Value chain analysis

  • Market segmentation overview

  • The regional analysis

  • Competitive landscape analysis

  • Recent Developments

Report Scope:

Report Attribute/Metric Details
  Market Size   2030 : Significant value
  CAGR   2020–2030: 4.20% CAGR
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Product Type, Technology, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Praxair Surface Technologies, Inc (U.S.), Metallisation Ltd (U.K), Flame Spray Coating Co. (U.S.), Metallizing Equipment Co. Pvt. Ltd. (India), Air Products and Chemicals, Inc. (U.S.), Precision Coatings, Inc (U.S.), ASB Industries, Inc. (U.S.), CTS (U.S.), H.C. Starck GmbH (U.S.), and THERMION (U.S.A), among others.
  Key Market Opportunities   Increase the durability and performance of the equipment.
  Key Market Drivers   The extensive consumption of this segment is estimated to drive the market

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Frequently Asked Questions (FAQ) :

Stationary power plants, followed by the automotive industry, are the leading end users of thermal barrier coatings.

Ceramics is the leading product type in the thermal barrier coatings market.

High velocity oxygen fuel technology is the dominant segment in the global thermal barrier coatings market.

Asia Pacific is the leading regional market for thermal barrier coatings, followed by North America.

Leading players in the thermal barrier coatings market include Thermion, Praxair, Air Products and Chemicals Inc., ASB Industries Inc., CTS, and Precision Coatings Inc.