The Thermal Barrier Coatings market report from Stratview Research is an in-depth study of the market dynamics across the globe. The study will cover the market intelligence and information for a period of 12 years from 2015 to 2026. The base year for the study is 2020.
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Thermal Barrier Coatings Market Forecast:
Post pandemic, the market Is expected to rebound from 2021 onwards posting a modest CAGR till 2026. Thermal barrier coatings market is likely to witness an impressive CAGR of 6.4% during the forecast period. Strong demand for gas turbines from industries, such as energy, defense, and transportation is driving the demand for thermal barrier coatings in the global marketplace. In a gas turbine, thermal barrier coatings are applied on turbine blades so as to reduce the intensity of heat generated by the turbine and thus, help in the longer lifecycle of the turbine.
The market forecast is arrived at after conducting scenario analysis. The global forecast will include market size for three different scenarios: Pessimistic, Most-likely, and Optimistic. The scenario analysis will help the stakeholders and market players to plan their market spending and budgeting for the short- to medium-term strategy period.
Note: The report will be updated for the forecast period of 2021 – 2026 and will incorporate the impact of COVID-19.
Key Players :
A & A Thermal Spray Coatings, Praxair Surface Technologies Inc., H.C. Starck Inc., ASB Industries Inc., Air Products and Chemicals Inc., Flame Spray Coating Co., Thermion Inc., Metallisation Ltd., Metallizing Equipment Co. Pvt Ltd., and The Fisher Barton Group.
Thermal Barrier Coatings Market Segment Analysis:
The report has segmented the market in 5 ways. The report provides detailed insights about the segment and attractive opportunities in each segment. Market attractiveness analysis helps the market participants to prioritize the sales and marketing activities to reap benefits from the attractive segments and increase market share and revenues.
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Based on the product type, the market is segmented as metal, intermetallic, ceramic, and others. The ceramic segment dominated the global thermal barrier coatings market, owing to their high-thermal resistance and multi-layered protection.
COVID-19 has impacted almost all the businesses, small or big, present in any sector. The dynamics of Thermal Barrier Coatings market have seen a huge shift in the year 2020. The market environment and the way of operations have taken a huge turn and have led to many changes in the processes, which will have repercussions for a long period. 2021 is likely to be better than 2020 for the Thermal Barrier Coatings market players as most of the businesses have resumed their operations and the demand is getting restored for them.
Thermal Barrier Coatings Market Competitive Landscape:
The Thermal Barrier Coatings report benchmarks the major competitors on critical parameters, some of which are mentioned below:
- Revenues from the Thermal Barrier Coatings market
- Geographic presence
- Products launches and innovation
- Market Share
- Strategic alliances
- Product & Geographic alignment with the market
- Regional dominance of the competitors
The Thermal Barrier Coatings market report is the outcome of rigorous analysis of the factors impacting the market size and forecast. Thousands of articles, whitepapers, reports, and millions of data are analysed to drive meaningful insights about the market. Exploratory and in-depth primary interviews are conducted with the industry veterans to gain important insights which are critical for market analysis and forecasting.
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